Marine Hull Underwriter

Avencia Consulting Services; Greater London; On-site; GBP 60,000 - 85,000; Full time

Job summary

A leading consulting firm seeks a Marine Hull Underwriter in Greater London. This permanent role involves overseeing a (re)insurance portfolio and requires at least 5 years of underwriting or broking experience. Strong analytical skills and established broker relationships are essential. The role offers a chance to influence business growth while working within a supportive team environment.

Qualifications

• Minimum of 5 years' experience in broking or underwriting.
• Strong existing relationships with brokers and clients.
• Proficient understanding of the international underwriting marketplace.

Responsibilities

• Assist in originating and underwriting a portfolio of (re)insurance business.
• Monitor market developments and ensure accuracy in underwriting data.
• Supervise and mentor junior members of the team.

Skills

Broker relationships

Analytical skills

Negotiation skills

Risk modeling

Client management

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