Senior Underwriter

JR United Kingdom; Slough; On-site; GBP 55,000 - 75,000; Full time

Job summary

A leading company in the insurance market is seeking a Senior Actuarial Pricing Analyst to provide support on underwriting for cargo business in their London office. This role involves preparing submissions, underwriting business, and liaising with internal and external stakeholders. The ideal candidate will have over five years of relevant experience and strong analytical skills, contributing to a dynamic team in a supportive work environment.

Qualifications

• At least 5+ years’ experience in Cargo or similar line.
• Strong communication and marketing capabilities required.
• Ability to manage deadlines and conflicting priorities.

Responsibilities

• Analyse and prepare submissions prior to underwriting.
• Underwrite new/renewal business according to standards.
• Liaise with underwriters and brokers for account management.

Skills

Communication

Interpersonal Skills

Attention to Detail

Quantitative Skills

Negotiation

Tools

Microsoft Office suite

Underwriting System

Job description

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At Allied World we have over 1,600 talented and loyal employees working in 25 offices globally who service clients throughout the world. We are focused on providing superior customer service and creative risk solutions, building long-term, mutually beneficial relationships. Our employees share our passion for progress and success, and we are looking for talented committed people to join our team.

As a subsidiary of Fairfax Financial Holdings Ltd. and a Lloyds syndicate, we are situated in the heart of the London insurance market and benefit from a wealth of experience setting us apart from our competitors on the cutting edge of innovation.

Based in the Walkie Talkie building at 20 Fenchurch Street, our office is based on the 19th floor, providing fantastic views across London. With just under 200 employees in London we pride ourselves on our warm and welcoming culture, with regular learning opportunities and support to achieve your career goals.

Allied World Assurance Company, Ltd. seeks an individual to fill the position of Senior Actuarial Pricing Analyst. The successful candidate will be expected to provide actuarial support on individual account pricing and project work for all underwriting departments across Europe, with the position being located in Allied World’s London office.

Description of the role:

This position is responsible for underwriting cargo business and providing technical, analytical, operational and underwriting services reporting to the Senior Vice President and other underwriting staff in the department.

Duties and Responsibilities;

Analyse and prepare submissions prior to underwriting, including account research and preparation for client and broker meetings.

Underwrite new/renewal business and alterations to existing contracts in accordance with Letter of Aurthority, relevant technical knowledge and appropriate rating methodology.

Enter and maintain information with various in-house underwriting systems and generate reports as required

Prepare quotes and bind accounts in underwriting systems as underwritten or as directed by other team underwriters.

Liaise with other underwriters and brokers as well as other internal departments as required.

Perform underwriting referrals with manager following account analysis, including thorough reviews of underwriting submissions.

Attend client/broker lunches, dinners and other work related social outings as applicable

Assist with the development of account pricing/recommendations/peer review.

Attend relevant internal and external meetings

Undertake renewal monitoring and renewal process management

Maintain underwriting files in accordance with company standards.

Liaise with brokers on account administration matters, including premium and outstanding underwriting documentation.

Undertake other duties as may be assigned.

Person Specification

At least 5+ years’ demonstrable experience in Cargo or similar line with expertise and in-depth working knowledge of standard market policy and endorsement wordings.

Strong communication and interpersonal skills for liaison with clients and brokers including delivering effective presentations and building strong working and networking relationships.

Strong marketing and business development capability — commercial acumen; ability to influence and negotiate to various levels of seniority, internally and externally

Computer literate, with proficiency in Microsoft Office suite (Excel, Word, Powerpoint) and in using an underwriting system.

Good attention to detail and quantitative skills.

Ability to manage deadlines and conflicting priorities.

Allied World is an Equal Opportunities Employer. All qualified applicants will be considered for employment without regard to an individual’s race, colour, national origin, religion, sex, age, genetic information, or disability status.