JOB SUMMARY To be part of the team responsible for the control and mitigation of Underwriting Risk across the various businesses with our client MAIN DUTIES A member of the Underwriting Risk Review team involved with the control and mitigation of Underwriting Risk across the various businesses with our client. This includes reviews of individual risk underwriting and the underwriting management function of the syndicates.. The scope and timing of each review will vary but is likely to include items such as: File maintenance and documentation; Adequacy of information to understand and evaluate the exposures (re)insured; Historical experience; Underwriters’ approach to rating and assessing the risk; Change in bottom line rates for renewals; Adequacy of rate and rating methodology;Terms and conditions of the risk noting any significant deficiencies or deviation from market norms or business plan; Quantum and nature of risks underwritten and any resulting issues; Major market loss exposures; Developments of issues identified in previous reviews. Reviews should be objective, robust and challenging without being confrontational. An initial draft report of each review should be prepared for discussion with the relevant underwriting staff before producing the final version. TECHNICAL SKILLS Essential: Basic Word and Excel, Ability to read and understand slip terms and conditions across all classes of business RELEVANT EXPERIENCE Essential: Knowledge of the Lloyd’s Market, 10+ years insurance experience in the Marine / Energy market. EDUCATION AND QUALIFICATIONS Essential 3 good A-level grades, Desirable ACII or other professional qualification PERSONAL SKILLS Well presented and business-like, Professional outlook, Flexible at all times, Very good interpersonal skills, Excellent organisational skills, Excellent communication skills with the ability to liaise at all levels, work as part of a team, Adapt to a pressured environment, Self motivated, Capable of working to a timetable when required. KEY COMPETENCIES General Insurance Principles & practiceDetailed understanding and application in less predictable environments. Class of Risk and Product KnowledgeKnowledge and understanding of product features, benefits, exclusions and warranties and application to various situations. Legal, Regulatory & Risk Management Understanding of more complex legal principles, issues and regulatory requirements and the impact these have on Our client. Able to identify conflicts of interest and act to mitigate these. Able to apply Risk Management techniques to processes and procedures. Information Analysis & Reporting Actively revises and edits reports to create focused, concise documents. Able to review data and analysis done by others and make recommendations as appropriate. Planning & Organising Demonstrates an effective approach to multi tasking and is able to meet timescales. Numeracy & Literacy Utilises numeracy and literacy skills in thorough and effective manner. Systems Skills Understands and makes effective use of Our client’s systems and processes and strives for continuous improvement. Able to review systems and processes, identify shortcomings and suggest remedies. Self Development Able to conduct effective skill gap analysis for self and others. Utilises other skills to plan own professional development. People Management Able to motivate others in order to achieve company and underwriting objectives. Managing Internal & External Relations Develops and enhances relationships both internally and externally. Ability to communicate at all levels. Attitude Demonstrates a willingness to deliver. Displays reliable and professional behaviour and takes responsibility for own actions. Works in accordance with the Our client values. Effective Communication Utilises communication skills in a thorough and effective manner. Decision Making/Assertiveness Is able to progress negotiations with all internal parties to ensure effective underwriting process and controls. Pricing Knowledge and understanding of pricing process and function Negotiation Effective negotiation with all stakeholders in the underwriting process. Able to suggest effective underwriting considerations for non-standard risks. Capital and Insurer Financial Security. Understands factors affecting capital adequacy requirements and insurer ratings. Understands concept of ICA and factors affecting its determination. Risk Perception Exposure and Underwriting. Understands concept of risk and exposure and how each aspect of risk affects the underwriting profile. Understands application of authority limits and the elevation process. Claims. Understanding of claims principles and practice. Project Management Ability to plan and manage projects to a successful conclusion using resources in an efficient way to meet deadlines Market Knowledge and Practice Ability to research changes within the marketplace and any forthcoming product developments. Inter-Departmental Knowledge Understanding of how each business area interacts; their staff; the structure; systems and processes.