Energy Underwriter

JR United Kingdom; London; On-site; GBP 40,000 - 80,000; Full time

Job description

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The Fidelis Partnership is a privately-owned, Bermuda-based Managing General Underwriter, which, through its subsidiaries, is a global underwriter of property, bespoke and specialty insurance and reinsurance products.

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.

Role Overview

Reporting to the UK CUO, the primary purpose of the role is to assist in underwriting a portfolio of Energy Specialty lines of business. The role will focus on analysing and maintaining the accuracy of all (re)insurance submission data, policies, and records with the goal of ensuring that Fidelis’ interests are properly managed and protected.

Key Accountabilities

1. Participate in the underwriting process, evaluation, and presentation of submissions, analysing and interpreting exposures, determining coverage and contract language.
2. Assist and work with risk modeling and pricing tools.
3. Originate, leverage, build and maintain broker and client relationships.
4. Monitor market developments and remain current regarding knowledge of all relevant classes of business and legislated and regulatory changes / requirements.
5. Ensure accuracy and integrity of underwriting data in group underwriting systems.
6. Provide assistance to prepare and issue quotes, binders and policies on an accurate and timely basis.
7. Expand existing portfolio of business by developing existing relationships and new prospective clients through visits, entertainment and conferences as appropriate.
8. Supervise and/or mentor junior members of the team.
9. Ensure compliance with internal and external underwriting regulations, liaising as appropriate with external bodies such as brokers, clients, auditors, and regulators as required.
10. Assist with strategic initiatives as needed to promote business growth.

Skills & Experience

1. Bachelor’s Degree or equivalent and progress towards ACII or other relevant commercial insurance industry designations.
2. Minimum of 3 years’ experience in a broking or underwriting capacity in the relevant line of business.
3. Previous London Insurance Market experience highly desirable.
4. Team player with the ability to work flexibly to meet business needs as required.
5. Good knowledge of commercial insurance and regulatory requirements.
6. Established networks and strong existing relationships with brokers and clients, and ability to independently manage meetings.
7. Proficient understanding of the international underwriting marketplace.
8. 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.
9. Proven negotiator, with demonstrated ability to attract new business and retain clients.
10. Basic competency in MS Office applications: Word, Outlook, Excel and Adobe Standard required.
11. Excellent written and oral communication skills when dealing with key stakeholders internally and externally.
12. Strong interpersonal skills in order to work effectively and professionally with diverse groups.

Fidelis MGU Ethos

Our culture is defined by our ethos. It is the foundation of who we are and the core of everything we do.

1. Results – We want to be the best at the things we care about, so we focus on profitability over volume, with responsive decision-making and clear prioritised accountability.
2. Innovate – We aspire to lead the market in providing the services and products our clients need, and to drive change in the broader impact our industry has on human rights, society, and environmental sustainability.
3. Include – We create an environment where employees can bring their whole self to work, with open communication where everyone, irrespective of gender, ethnicity, sexual orientation or background, feels able to contribute ideas and be recognised and rewarded for their contribution
4. Unite – We operate as a team of individual talents that actively seeks to reflect the diversity of the societies in which we operate, giving our business the widest range of inputs and perspectives.
5. Respond – We work in a business exposed to sudden shocks and changes – elemental, political, economic and human – so we remain nimble and ready for change.

Diversity, Equality & Inclusion

Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed. We want to create an environment where all employees, regardless of who they are, are given equal opportunities for career progression and enjoy fair reward from their and Fidelis MGU’s successes. This will be driven by a workforce that embraces Diversity and Inclusion at every level, in every department across Fidelis MGU.