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Underwriter, International Upstream Energy
Date:
Jan 15, 2025 Location:
London, GB, EC3M 3BD Company:
Aspen Insurance Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions. We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism. Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded. The role: We are looking for an Upstream underwriter to join our Natural Resources team. Reporting to the Head of Upstream, the successful candidate will be responsible for portfolio management, day-to-day underwriting, broker marketing and supporting the team to achieve their business plan. Key Responsibilities: Strategy and Planning
Contribute to the development of the business plan for the portfolio and ensure delivery of the plan Awareness of and contribution to the delivery of the business plan, making decisions as appropriate Contribute and participate in all meetings, in order to share and develop strategy, knowledge and best practice Positively promote the department, division and company as a whole, in order to maximize brand leverage Apply the reinsurance strategy in order to safeguard the portfolio Policy, Process and Procedures
Perform complex underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met Adhere to underwriting standards, instructions and good practice to minimize risk and maximize efficiency Ensure the recording and measurement of insurance risks, including DUA’s where relevant, to ensure accuracy and good practice, developing or modifying policy wordings as appropriate Apply any reinsurance requirements to minimise risk and to deliver business plan objectives Environmental Awareness/Customer Focus
Act as a technical expert to support the identification of issues and opportunities within area of expertise Establish, develop and strengthen relationships with stakeholders including customers, brokers, business partners and colleagues, to maximize influence and achieve business objectives Demonstrate support for market associations and trade bodies Demonstrate understanding and awareness of market dynamics and market cycle to drive and enhance business performance Technical Performance
Continually develop expertise and technical knowledge through identifying and implementing appropriate learning and development activities Underwriting complex insurance risks in accordance with the business plan and the delegated underwriting authority to meet business objectives. This includes negotiating rates, terms and conditions for existing and new business (developing or modifying policy wordings as appropriate), ensuring compliance with internal and external regulations and guidelines, ensuring contribution to the business plan and objectives, and support credit control in payment collection Contribute and influence in the review and analysis of the portfolio to identify progress towards business objectives Ensure all business is thoroughly evaluated by peer review and that risks written adhere to the Company’s underwriting standards and individual authority People Management
Manage, support and/or develop colleagues within the department to ensure the required standards of performance are met and facilitates their personal and professional development, including acting as a mentor Manage and/or support with recruitment and performance management where required to effectively manage resources within the department Establish clear accountabilities and authority levels for direct reports, if applicable, and build a strong culture of accountability and performance in order to ensure delivery of goals Operate collaboratively with colleagues in team to support the achievement of business goals Act in accordance with, and advocate for, the Aspen Values Skills & Experience: In-depth experience of working in an underwriting environment within a specialised/complex underwriting area Qualified within own professional discipline, with significant post-qualification work experience within class of business Experienced in the use of risk profiling and pricing tools and loss models Experience of managing underwriting individuals/teams Strong interpersonal and communication skills Ability to manage conflicting priorities to achieve deadlines Able to plan effectively and efficiently Ability to collaborate effectively in a team environment Strong level of numeracy and literacy skills Strong attention to detail Ability to engage and positively influence colleagues Proficient in relevant software within Company and Insurance division At Aspen, we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate. We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.
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Date:
Jan 15, 2025 Location:
London, GB, EC3M 3BD Company:
Aspen Insurance Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions. We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism. Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded. The role: We are looking for an Upstream underwriter to join our Natural Resources team. Reporting to the Head of Upstream, the successful candidate will be responsible for portfolio management, day-to-day underwriting, broker marketing and supporting the team to achieve their business plan. Key Responsibilities: Strategy and Planning
Contribute to the development of the business plan for the portfolio and ensure delivery of the plan Awareness of and contribution to the delivery of the business plan, making decisions as appropriate Contribute and participate in all meetings, in order to share and develop strategy, knowledge and best practice Positively promote the department, division and company as a whole, in order to maximize brand leverage Apply the reinsurance strategy in order to safeguard the portfolio Policy, Process and Procedures
Perform complex underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met Adhere to underwriting standards, instructions and good practice to minimize risk and maximize efficiency Ensure the recording and measurement of insurance risks, including DUA’s where relevant, to ensure accuracy and good practice, developing or modifying policy wordings as appropriate Apply any reinsurance requirements to minimise risk and to deliver business plan objectives Environmental Awareness/Customer Focus
Act as a technical expert to support the identification of issues and opportunities within area of expertise Establish, develop and strengthen relationships with stakeholders including customers, brokers, business partners and colleagues, to maximize influence and achieve business objectives Demonstrate support for market associations and trade bodies Demonstrate understanding and awareness of market dynamics and market cycle to drive and enhance business performance Technical Performance
Continually develop expertise and technical knowledge through identifying and implementing appropriate learning and development activities Underwriting complex insurance risks in accordance with the business plan and the delegated underwriting authority to meet business objectives. This includes negotiating rates, terms and conditions for existing and new business (developing or modifying policy wordings as appropriate), ensuring compliance with internal and external regulations and guidelines, ensuring contribution to the business plan and objectives, and support credit control in payment collection Contribute and influence in the review and analysis of the portfolio to identify progress towards business objectives Ensure all business is thoroughly evaluated by peer review and that risks written adhere to the Company’s underwriting standards and individual authority People Management
Manage, support and/or develop colleagues within the department to ensure the required standards of performance are met and facilitates their personal and professional development, including acting as a mentor Manage and/or support with recruitment and performance management where required to effectively manage resources within the department Establish clear accountabilities and authority levels for direct reports, if applicable, and build a strong culture of accountability and performance in order to ensure delivery of goals Operate collaboratively with colleagues in team to support the achievement of business goals Act in accordance with, and advocate for, the Aspen Values Skills & Experience: In-depth experience of working in an underwriting environment within a specialised/complex underwriting area Qualified within own professional discipline, with significant post-qualification work experience within class of business Experienced in the use of risk profiling and pricing tools and loss models Experience of managing underwriting individuals/teams Strong interpersonal and communication skills Ability to manage conflicting priorities to achieve deadlines Able to plan effectively and efficiently Ability to collaborate effectively in a team environment Strong level of numeracy and literacy skills Strong attention to detail Ability to engage and positively influence colleagues Proficient in relevant software within Company and Insurance division At Aspen, we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate. We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.
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