Energy Underwriter

About us

Avencia Consulting are recruiting on behalf of a well established Underwriter who are hiring for an Energy Underwriter to join their London team. We are looking for someone with experience in offshore or upstream underwriting/broking experience, with a passion for Energy Transition.

The role

Reporting to the Head of Energy Transition, the primary purpose of the role is to assist in underwriting a portfolio of Energy Specialty lines of business.

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.
• Provide assistance to prepare and issue quotes, binders and policies on an accurate and timely basis.
• Expand existing portfolio of business by developing existing relationships and new prospective clients through visits, entertainment and conferences as appropriate.
• 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 or equivalent and progress towards ACII or other relevant commercial insurance industry designations.
• Minimum of 3 years' experience in a broking or underwriting capacity in the relevant line of business.
• Previous London Insurance Market experience highly desirable.
• Team player with the ability to work flexibly to meet business needs as required.
• Good knowledge of commercial insurance and regulatory requirements.
• 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, 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.
• Basic competency in MS Office applications: Word, Outlook, Excel and Adobe Standard required.
• Excellent written and oral communication skills when dealing with key stake holders internally and externally.
• Strong interpersonal skills in order to work effectively and professionally with diverse groups.