Marine Hull Underwriter

Avencia Consulting Services; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading consulting firm in London is seeking a Marine Hull Underwriter to join their team. The role involves underwriting a portfolio of business, managing broker relationships, and ensuring compliance with regulations. The ideal candidate will have a Bachelor's degree and at least 5 years of experience in underwriting. Excellent analytical and negotiation skills are crucial for success in this position.

Qualifications

• Minimum of 5 years' experience in a broking or underwriting capacity.
• Established networks and strong existing relationships with brokers and clients.
• Proficient understanding of the International underwriting marketplace.

Responsibilities

• Assist in originating, modelling, administering and underwriting a portfolio of business.
• Participate in the underwriting process and analysis.
• Prepare and issue accurate quotes in a timely manner.

Skills

Analytical skills

Negotiation

Broker and client relationship management

Risk modeling

Underwriting knowledge

Education

Bachelor's degree

Job description

About us

Avencia Consulting are partnered with a leading Reinsurer who are looking to hire a Marine Hull Underwriter to join on a permanent basis.

The role

Reporting to the Deputy Head of Marine, the primary purpose of the role is to assist in originating, modelling, administering and underwriting a portfolio of (re)insurance business. This is an opportunity to work an existing book of business whilst supporting 2025 growth strategies.

Key accountabilities

• Participate in the underwriting process, evaluation and presentation of submissions, analysing and interpreting exposures, determining coverage and contract language
• Assist and work with risk modeling and pricing tools
• Originate, leverage, build and maintain broker and client relationships
• Monitor market developments and remain current regarding knowledge of all relevant classes of business, and legislated and regulatory changes / requirements
• Ensure accuracy and integrity of underwriting data in group underwriting systems
• Prepare and issue quotes on an accurate and timely basis
• Supervising and/or mentoring junior members of the team
• Ensure compliance with internal and external underwriting regulations, liaising as appropriate with external bodies such as brokers, clients, auditors and regulators as required
• Assist with strategic initiatives as needed to promote business growth

Skills & experience

• Bachelor's degree
• Minimum of 5 years' experience in a broking or underwriting capacity in the relevant line of business
• Established networks and strong existing relationships with brokers and clients, and ability to independently manage meetings
• Proficient understanding of the International underwriting marketplace
• Excellent analytical skills (testing may be required), with a working knowledge of and ability to interpret the outputs of pricing models, and the statistical skills necessary to perform analyses on first principles
• Proven negotiator, with demonstrated ability to attract new business and retain clients