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.
- 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
- 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