Space Underwriter

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

Job summary

A leading consulting firm in the Greater London area is seeking a Space Underwriter to develop a space book of business. The ideal candidate will have at least 3 years of experience in broking or underwriting within the space and defence sector, strong negotiation skills, and established relationships with brokers and clients. Responsibilities include participating in the underwriting process and ensuring compliance with regulations. This role offers an opportunity to contribute to strategic initiatives for business growth.

Qualifications

• Minimum of 3 years' experience in broking or underwriting in space and defence.
• Excellent ability to interpret pricing models and perform statistical analyses.
• Established networks and relationships with brokers and clients.

Responsibilities

• Participate in the underwriting process and analyze submissions.
• Maintain relationships with brokers and clients.
• Ensure compliance with internal and external underwriting regulations.

Skills

Analytical skills

Negotiation skills

Relationship management

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