Assistant Underwriter, Marine & Cargo

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Assistant Underwriter, Marine & Cargo

  • Location:

    United Kingdom

  • Contact:

    Piere Forbes

  • Contact email:

    piere.forbes@equitycity.co.uk

  • Contact phone:

  • Job ref:

    409

  • Published:

    20 days ago

  • Expiry date:

    2024-06-29

Job Role: Assistant Underwriter, Marine & Cargo
Location: London 
Salary: £40k 

Purpose of role
Support the Marine Team in the administering and underwriting of the Marine Portfolio.

Main areas of responsibility
  • Assist/underwrite the Marine portfolio in accordance with Underwriting Policy and under guidance of the Underwriters where applicable.
  • General administration of the Marine account, ensuring all systems are kept up to date.
  • Ensure that rating tools as well as all vendor models at disposal are used as appropriate for the purpose of making an underwriting decision.
  • Ensure that proposed contract wordings are fully reviewed and comply with the Marine Team’s underwriting policy/stance.
  • Ensure that all underwriting decisions are supported by adequate documentation, including written evidence of referral where appropriate.
  • Marketing and representation of Newline during trips and functions
  • Maintain and develop broker and client relations.
  • Assist the Marine Team in the production of periodic reports on aggregate exposure, capacity usage, stress test and quarterly reserving.
  • Liaise with other Underwriting departments, Actuarial, Claims, Compliance and Accounting.
  • Liaise with other Newline offices regarding common underwriting issues.
  • Assist the Marine Team in training new recruits if applicable.
Skills, Knowledge & Ability
  • Works effectively within a team.
  • Has a willingness to learn, develop and take on responsibilities within the team.
  • Is prepared to take ownership of tasks and ensure a successful outcome.
  • Is highly self-motivated with the ability to work independently.
  • Good communication skills.
  • Analytical thinker who demonstrates sound judgement and decision making.
  • Produces consistently high standard of results with strong attention to detail.
  • Takes the initiative to tackle problems and improve processes.
  • Has strong organisational skills with the ability to prioritise work.
  • Abides by the Fairfax Guiding Principles
Education/Experience
  • Comfortable with Excel, Word and Outlook
  • Previous London Market insurance experience
  • Previous experience with underwriting administration
  • Experience/knowledge of Marine is desirable but not essential