Renewable Energy Underwriter

SLL Travelers Management; London; Hybrid; GBP 35,000 - 65,000; Full time

Job description

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Underwriting

Target Openings

1

What Is the Opportunity?

We are looking for an Onshore Renewable Energy Underwriter to join our successful Renewable Energy Underwriting team in London. You will be responsible for supporting the management of the book's profitability by underwriting and processing new business, renewals and mid-term adjustments, and monitoring rate adequacy.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full-time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.

This role is eligible for a £2,500 new joiner bonus. If you are successfully referred by an employee at Travelers Europe, both you and the person who referred you could be eligible for this bonus.

What Will You Do?

• Support the overall profitability, growth and retention of the Line of Business and consistency of all related underwriting initiatives.
• Ensure that business is written in accordance with the Company's policies, procedures and controls (including audit requirements) at all times, and adheres to Lloyds Underwriting Management Standards.
• Support the development of assigned Line of Business and services such as researching and identifying target business, competitor information, and industry and economic factors.
• Utilise appropriate systems to accurately enter quotes, risks and endorsements for correct management, statistical and regulatory reporting.
• Gather data and prepare reports to support the professional execution of corporate/business underwriting policies/standards.
• Monitor market factors and world affairs as part of research and development of new opportunities.
• Promote Travelers Line of Business, distribution strategy and philosophy, and provide guidance on the Company's underwriting philosophy, procedures and requirements.
• Provide guidance, mentoring and coaching to others as appropriate.
• Act in accordance with Travelers Companies' Code of Business Conduct and Ethics, Business Excellence Policy and all HR policies and procedures.
• Deliver high quality service to brokers and customers in line with our service standards.
• Comply with all legal, insurance, regulatory, Lloyd's and Sarbanes Oxley rules and guidelines.
• Act in compliance with the Treating Customers Fairly outcomes.
• Work as a team with colleagues within the Company and the Enterprise.
• Develop strong relationships with key supporting brokers, customers and all other key external stakeholders.
• Adhere to the Company's policies and procedures.
• Keep adequate records of all transactions undertaken with brokers, customers, and all other parties.
• Continually look for improvement both from a personal and business perspective.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Experience within the Lloyd's market preferred, with a basic understanding of the internal and external factors impacting the market.
• Underwriting experience preferred.
• Degree preferred.
• Able to demonstrate emerging technical proficiency and application of knowledge commensurate to your underwriting authority.
• Able to make sound quoting and pricing decisions that are in the Company's best interests.
• Intermediate knowledge and ability in respect of judgment, decision making, communication and teamwork.
• Intermediate knowledge and experience in respect of Relationship Management.
• Intermediate knowledge and experience in respect of Analytical Thinking/Financial Acumen.
• Utilise understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on overall profitability.
• Intermediate knowledge and experience in respect of Product/Technical.
• Intermediate knowledge and experience in respect of Business Perspective.
• Expected to be studying towards ACII qualification.

What is a Must Have?

• Previous Property and Casualty insurance experience in either an underwriting, operational or broker capacity.
• Secondary level education or equivalent required.

What Is in It for You?

• Private Medical Insurance: Eligible for single cover provided by Travelers, with the option to add cover for dependents, at your expense through payroll deduction.
• Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
• Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days for a total of up to 35 holidays per year.
• Wellness Programme: The Travelers wellness programme provides tools, discounts and resources for your wellness goals and caregiving needs, including access to free professional counseling services.
• Volunteer Encouragement: We encourage our employees to get involved in their communities through our Matching Gift and Volunteer Rewards programme.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization.

If you have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.