Space Underwriter

About us

Avencia Consulting are partnered with a leading Insurer based in the City who are looking to hire a Space Underwriter to join.

The role

Reporting to the Head of Space, this role will play a key part in developing a space book of business.

We welcome those who are currently working in insurance within a Space team or someone who has an engineering background and keen to enter the sector.

Key accountabilities

• Participate in the underwriting process, evaluation, and presentation of submissions, analysing and interpreting exposures, determining coverage and contract language
• Assist and work with risk modeling and pricing tools
• Originate, leverage, build and maintain broker and client relationships
• Monitor market developments and remain current regarding knowledge of all relevant classes of business, and legislated and regulatory changes / requirements
• Ensure accuracy and integrity of underwriting data in group underwriting systems
• Prepare and issue quotes on an accurate and timely basis
• Supervising and/or mentoring junior members of the team
• Ensure compliance with internal and external underwriting regulations, liaising as appropriate with external bodies such as brokers, clients, auditors, and regulators as required
• Assist with strategic initiatives as needed to promote business growth

Skills & experience

• Minimum of 3 years' experience in a broking, underwriting or currently working in the space and defence sector
• Established networks and strong existing relationships with brokers and clients, and ability to independently manage meetings
• 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
• Proven negotiator, with demonstrated ability to attract new business and retain clients