Senior Underwriter - Mining and Process Industries

Starr Underwriting; City Of London; On-site; GBP 45,000 - 70,000; Full time

Job summary

A leading insurance organization based in London is seeking an Underwriter with proven experience in underwriting and strong analytical skills. The ideal candidate will adhere to high standards, develop broker relationships, and optimize business opportunities. ACI qualification and knowledge of regulatory frameworks are required. This role offers first-class training and opportunities for career development.

Benefits

First-class training and development opportunities

Qualifications

• Relevant underwriting experience in the class of business.
• Knowledge of Lloyd’s Franchise Board standards, PRA and FCA regulatory framework.
• Good understanding of pricing/rating tools.
• Understanding of market wordings and clauses.
• Up-to-date knowledge of claims to inform future underwriting decisions.

Responsibilities

• Underwrite profitable business in accordance with business plans.
• Adhere to all Starr underwriting standards as outlined in the Underwriting Manual.
• Obtain sign-off for all business that is in excess of agreed authority levels.
• Ensure that underwriting documentation is accurate and meets Lloyd’s standards.
• Develop broker relationships and optimise opportunities to lead business.

Skills

Analytical and problem solving skills

Negotiation, judgment and decision making skills

Strong numeracy skills

Professional business writing and presentation skills

Strong communicator, both written and oral

Technical coaching

Business development

Report writing

Education

ACII

Tools

Eclipse

Salesforce

MS Office – Excel, Access, Word and Outlook

Job description

Overview

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world. Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.

Roles & Responsibilities

• Underwrite profitable business in accordance with business plans.
• Adhere to all Starr underwriting standards as outlined in the Underwriting Manual.
• Obtain sign-off for all business that is in excess of agreed authority levels or where any factor falls below rating guidelines.
• Adhere to rating tools and guidelines.
• Ensure that underwriting documentation, both paper and electronic, is accurate, complete, up-to-date and meet Lloyd’s standards.
• Ensure that the policy wordings and clauses are slip referenced and agreed.
• Ensure that all accounts are contract certain at the time of binding.
• Develop broker relationships and optimise opportunities to lead business.
• Explore client and company knowledge to identify and optimise cross-selling opportunities.

Experience

• Relevant underwriting experience in the class of business;
• Knowledge of Lloyd’s Franchise Board standards, PRA and FCA regulatory framework;
• Good understanding of pricing/rating tools;
• Understanding of market wordings and clauses;
• Up-to-date knowledge of claims to inform future underwriting decisions.

Skills

• Analytical and problem solving skills;
• Negotiation, judgment and decision making skills;
• Strong numeracy skills;
• Professional business writing and presentation skills;
• Strong communicator, both written and oral;
• Technical coaching;
• Business development; and
• Report writing.

Systems & IT

• Eclipse;
• Salesforce; and
• MS Office – Excel, Access, Word and Outlook.

Qualifications

• ACII.

Starr is an equal opportunity employer, which means we\'ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we\'re committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.