About us

Avencia Consulting are recruiting on behalf of a leading speciality Reinsurer based in the City, who are looking to hire an Underwriting Assistant to join their Contingency team.

The Company currently writes lines of business including; specialty insurance: aviation & aerospace, energy, marine, property, terror & political violence, contingency and other specialty lines; reinsurance: property reinsurance, property retrocession, specialty reinsurance, whole account/multi–class and bespoke.

The role

Reporting to the Head of Contingency, the primary purpose of the role is to provide underwriting support.

Key accountabilities

Support the pre–underwriting process focusing on review of historical performance, policy wordings, and pricing adequacy based upon predefined underwriting rules and/or guidelines.Liaise with the placing broker throughout the underwriting cycle and policy period to ensure receipt of all necessary documents and manage any credit control issues.Monitor and report contract performance on a quarterly basis.Assist with Account Receivable collections when required.Accountable for completeness of contents of underwriting package prior to handover to Underwriter for risk analysis/risk selection process.Accountable for accuracy and completeness of data entry.Manage all administrative requirements for the Underwriting team.Liaise with Underwriters to confirm policy issuance instructions for policies, endorsements, forms, notices, certificates, etc.Perform pre–analysis support for submissions, endorsements, and other incoming documents based upon predefined underwriting rules and/or guidelinesMonitoring premium payments and liaising with credit control, ensuring premiums are received before premium due date Skills & experience

Basic knowledge of commercial insurance and regulatory requirements preferable.Basic competency in MS Office applications: Word, Outlook, Excel and Adobe Standard requiredExcellent written and oral communication skillsStrong interpersonal skills in order to work effectively and professionally with diverse groupsProven prioritisation and time management skills and ability to triage workload essential within a deadline intensive working environment.High level of numeric competency combined with ability to perform detail–oriented qualitative review are required in order to adequately digest risk submissions.Must be able to self–lead effectively and work effectively both independently and with teams.Demonstrated ability to deliver and manage accurate thoughtful detail–oriented work within tight deadlines and/or while working extended work days.