Renewable Energy Underwriter

Avencia Consulting Services; London; On-site; GBP 45,000 - 70,000; Full time

Job summary

A leading insurer in London seeks a Renewable Energy Underwriter to assist with their renewable energy portfolio. This role entails managing underwriting processes, engaging with brokers, and ensuring compliance with regulations. The candidate should possess a university degree in insurance or a related field and have at least three years of experience in the (re)insurance industry.

Qualifications

• Minimum of 3 years' experience in (re)insurance industry.
• Knowledge of actuarial modeling techniques and pricing tools.
• Strong negotiation skills and financial data communication.

Responsibilities

• Assist in underwriting a portfolio of renewable energy business.
• Evaluate submissions and determine coverage and contract language.
• Build and maintain broker relationships and monitor market developments.

Skills

Negotiation

Analytical Skills

Organisational Skills

Communication

Microsoft Office Suite

Education

University degree or equivalent insurance qualification (ACII, CPCU)

Tools

AIR pricing tools

Job description

Avencia Consulting are partnered with a leading Insurer based in the City, who are looking to hire a Renewable Energy Underwriter to join.

The role

The primary purpose of the role is to assist in underwriting a portfolio of renewable energy business.

Key accountabilities

• Participate in the underwriting process, assisting in the evaluation of submissions, analysing and interpreting exposures, determining coverage and contract language as well as evaluating and prioritising preparations.
• Assist and work with risk modeling and pricing tools.
• Attend underwriting business meetings as required.
• Leverage, build and maintain brokers relationships
• Work closely with other group departments to obtain and provide information as required.
• Monitor market developments and remain current regarding knowledge of renewables.
• Ensure accuracy and integrity of underwriting data in group underwriting systems.
• Maintain and adhere to group underwriting procedures, controls and systems under remit and report any trigger/alert factors that have the potential to negatively impact the reputation or financial position of the firm.
• Monitor and follow up on payments for outstanding premiums.
• Provide assistance to prepare and issue quotes, binders and policies on an accurate and timely basis.
• Expand existing portfolio of business by developing existing relationships and new prospective clients through visits, entertainment and conferences as appropriate.
• Ensure compliance with internal and external underwriting regulations, liaising as appropriate with external bodies such as brokers, clients, auditors and regulators as required.

Skills & experience

• University degree or an equivalent insurance related qualification (i.e. ACII, CPCU).
• Minimum of 3 years' (re)insurance industry experience in either a broking or underwriting capacity
• Knowledge of actuarial modeling techniques and familiarity AIR pricing tools
• Strong negotiation skills and proven ability to effectively communicate financial data and information
• Excellent organisational and analytical skills with an ability to prioritise and effectively manage workload while maintaining a high level of accuracy, professionalism and confidentiality
• High proficiency in the Microsoft Office Suite of applications, as well as extensive computer experience with spreadsheets and database processing programs