Senior Underwriter - Construction & Engineering Division

TN United Kingdom; London; On-site; GBP 60,000 - 100,000; Full time

Job description

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Senior Underwriter - Construction & Engineering Division, London

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Client:

Allied World Assurance Company Holdings

Location:

London, United Kingdom

Job Category:

-

EU work permit required:

Yes

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Job Reference:

8f25f7df2e02

Job Views:

10

Posted:

26.04.2025

Expiry Date:

10.06.2025

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Job Description:

Description of the role:

This position is responsible for underwriting a diverse book of business, employing the methods necessary to meet projected profitability, GWP, and expense goals, management and growth of the overall portfolio of business within the appropriate underwriting discipline/guidelines, marketing and servicing of existing and potential insured’s.

Job Duties and Responsibilities:

·General underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions.

·Authorising of quotes and invoices in accordance with company guidelines.

·Responsible for timely and correct issuance of bound polices. Crafting of wordings and endorsements for authorisation by legal. Providing direction to the Junior Underwriters and/or Underwriting Assistant in the timely processing of Policy/Endorsement wordings.

·Perform extensive account analysis according to underwriting guidelines which to include thorough review of underwriting application/submission, research, reviewing requested terms and conditions including underlying policy forms when issuing on a follow-form basis, liaising with other Company departments to establish full understanding of risk exposures and completion of underwriting worksheet.

·Active role in the development of business in Global Markets, exploring opportunities and marketing within the London Market and abroad as required.

·Accountable for the maintenance of underwriting files in an orderly and consistent manner and in accordance with the underwriting guidelines.

·Liaise with actuarial support to develop premium benchmarking and pricing models, with development of account pricing/recommendations

·Liaise with Claims Department on any specific claim activity and overall market claim concerns which could potentially affect profitability

·Stay current with respect to major market and industry issues and developments

·Relationship management - external, via attendance at key, relevant client/broker meetings, and other social outings as applicable.

·Corresponding with brokers with respect to outstanding information pursuant to binding.

·Ensuring receipt of and review of outstanding information (including underlying/followed policies) to ensure consistency with the terms and conditions agreed at binding.

·Delegation (and supervision) of work to Underwriting Operations Assistants or Assistant Underwriters as deemed appropriate; responsible for the professional development and training of assigned team members.

·Supporting the departmental Vice President in setting strategic goals, setting budgets and producing regular Management Information

·Other duties as may be assigned

Qualifications

Job Description - Senior Underwriter - Construction & Engineering Division (2400003O)Job DescriptionSenior Underwriter - Construction & Engineering Division-(2400003O)Description

Description of the role:

This position is responsible for underwriting a diverse book of business, employing the methods necessary to meet projected profitability, GWP, and expense goals, management and growth of the overall portfolio of business within the appropriate underwriting discipline/guidelines, marketing and servicing of existing and potential insured’s.

Job Duties and Responsibilities:

·General underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions.

·Authorising of quotes and invoices in accordance with company guidelines.

·Responsible for timely and correct issuance of bound polices. Crafting of wordings and endorsements for authorisation by legal. Providing direction to the Junior Underwriters and/or Underwriting Assistant in the timely processing of Policy/Endorsement wordings.

·Perform extensive account analysis according to underwriting guidelines which to include thorough review of underwriting application/submission, research, reviewing requested terms and conditions including underlying policy forms when issuing on a follow-form basis, liaising with other Company departments to establish full understanding of risk exposures and completion of underwriting worksheet.

·Active role in the development of business in Global Markets, exploring opportunities and marketing within the London Market and abroad as required.

·Accountable for the maintenance of underwriting files in an orderly and consistent manner and in accordance with the underwriting guidelines.

·Liaise with actuarial support to develop premium benchmarking and pricing models, with development of account pricing/recommendations

·Liaise with Claims Department on any specific claim activity and overall market claim concerns which could potentially affect profitability

·Stay current with respect to major market and industry issues and developments

·Relationship management - external, via attendance at key, relevant client/broker meetings, and other social outings as applicable.

·Corresponding with brokers with respect to outstanding information pursuant to binding.

·Ensuring receipt of and review of outstanding information (including underlying/followed policies) to ensure consistency with the terms and conditions agreed at binding.

·Delegation (and supervision) of work to Underwriting Operations Assistants or Assistant Underwriters as deemed appropriate; responsible for the professional development and training of assigned team members.

·Supporting the departmental Vice President in setting strategic goals, setting budgets and producing regular Management Information

·Other duties as may be assigned

Qualifications

Person Specification;

·Ideally, graduate-level individual with professional insurance qualification, ACII, already obtained.

·Engineering degree (civil or mechanical engineer) would be preferable.

·Required 5+ years demonstrable experience underwriting major international construction projects, with expertise and in-depth working knowledge of standard market wordings and endorsements.

·Must be highly articulate, with exceptional communication and interpersonal skills – required for significant liaison with clients and brokers including delivering effective presentations and building strong working relationships

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

·Highly computer literate, with an advanced level proficiency using an underwriting system. Knowledge of Genius and Open Box is a distinct advantage.

·Methodical approach to work, strong organization skills; capable of dealing with tight reporting deadlines and conflicting priorities; attention to detail.

·Overall, team player with collaborative outlook – acting as a role model for more junior members of the team.

·Language skills: fluent in English.Other languages would be beneficial.

Primary Location

:GB-GB-London

Work Locations

:London20 Fenchurch StreetLondonEC3M 3BY

Job

:Underwriting

Schedule

:Full-time

Shift

:Day Job

Employee Status

:Regular

Job Type

:Standard

Job Posting

:Jul 22, 2024, 11:01:13 AM

Pay Basis

Yearly