Space Underwriter

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

Job summary

A leading insurance consultancy located in the City of London is seeking a Space Underwriter to play a key role in developing a business space book. The ideal candidate will have at least 3 years of experience in a broking or underwriting position and established relationships with brokers and clients. Responsibilities include participating in underwriting processes, assisting with pricing tools, and ensuring compliance with regulations. Strong analytical and negotiation skills are essential for success in this role.

Qualifications

• Minimum of 3 years' experience in a broking, underwriting or currently working in the space and defence sector.
• Ability to independently manage meetings and establish strong relationships.

Responsibilities

• Participate in the underwriting process and evaluate submissions.
• Maintain broker and client relationships.
• Ensure compliance with underwriting regulations.

Skills

Experience in broking or underwriting

Established networks with brokers and clients

Analytical skills

Negotiation skills

Job description

About us

Avencia Consulting are partnered with a leading Insurer based in the City who are looking to hire a Space Underwriter to join.

The role

Reporting to the Head of Space, this role will play a key part in developing a space book of business.

We welcome those who are currently working in insurance within a Space team or someone who has an engineering background and keen to enter the sector.

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

• Minimum of 3 years' experience in a broking, underwriting or currently working in the space and defence sector
• Established networks and strong existing relationships with brokers and clients, and ability to independently manage meetings
• Excellent analytical skills, 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