Marine Cargo Underwriter

About us

Avencia Consulting are recruiting on behalf of a leading Specialty Reinsurer based in the City, who are looking to hire a Marine Cargo Underwriter to join their London team.

The role

Reporting to the Head of Marine, the primary purpose of the role is to assist in the performance of the Marine Cargo underwriting portfolio by underwriting new and renewal accounts. This includes analysing and maintaining the accuracy of all (re)insurance submission data, policies, and records with the ultimate goal of ensuring that business interests are properly managed and protected.

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

Bachelor’s degree, preferable
Minimum of 3 years’ experience in a broking or underwriting capacity in the relevant line of business
Established networks and strong existing relationships with brokers and clients, and ability to independently manage meetings
Proficient understanding of the International underwriting marketplace
Excellent analytical skills (testing may be required), 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