Senior Financial Underwriter

Company:  Allied World
Location: London
Closing Date: 02/11/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
Allied World Assurance Company Holdings, AG, through its subsidiaries and brand known as Allied World, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. At Allied World we have over 1,600 talented and loyal employees working in 25 offices globally who service clients throughout the world. We are focused on providing superior customer service and creative risk solutions, building long-term, mutually beneficial relationships. As a subsidiary of Fairfax Financial Holdings Ltd. and a Lloyds syndicate, we are situated in the heart of the London insurance market and benefit from a wealth of experience setting us apart from our competitors on the cutting edge of innovation. Based in the Walkie Talkie building at 20 Fenchurch Street, our office is based on the 19th floor, providing fantastic views across London. With just under 200 employees in London we pride ourselves on our warm and welcoming culture, with regular learning opportunities and support to achieve your career goals. All qualified applicants will be considered for employment without regard to an individual’s race, colour, national origin, religion, sex, age, genetic information, or disability status. Perform extensive account analysis according to underwriting guidelines, to include thorough review of underwriting application/submission, internet research, reviewing requested terms and conditions including underlying policy forms when issuing on a follow-form basis, liaising with other departments to establish full understanding of risk exposures and completion of underwriting rating tools Liaise with actuarial support to develop premium benchmarking and pricing models, with development of account pricing / recommendations. Liaise with Claims Department on any specific claim activity and overall market claim concerns which could potentially affect profitability Delegation (and supervision) of work to Assistant Underwriters as deemed appropriate, contributing to the professional development and training of more junior members or direct reports, where applicable Ideally, a graduate-level individual with professional insurance qualification ~5+ years demonstrable experience underwriting blue-chip accounts and clients, with expertise and in-depth working knowledge of standard market policy and endorsement wordings. ~ Excellent analytical skills and solid knowledge of pricing & actuarial models and methods ~ Must be highly articulate, with exceptional communication and interpersonal skills that are required for daily liaison with clients and brokers including delivering effective presentations and building strong working relationships. ~ Strong marketing and business development capability and commercial acumen. Highly computer literate within MS office applications and an advanced level proficiency using underwriting systems such as Genius/Openbox etc ~ All of Allied World's rated insurance and reinsurance subsidiaries are rated A by A.M.
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