Job Title: Senior Underwriter - Financial Risk (Credit, Political Risk, Surety & Mortgage Treaty Reinsurance)

Location: London
Position type: Full time, permanent

About The Job

This is a global role; the role holder will be a member of the Specialty Reinsurance team and will be accountable for contributing to the effective delivery of the vision and the strategy for the global Financial Risks Reinsurance portfolio.

You will be responsible for taking underwriting business in accordance with the Specialty Reinsurance business plan.

About the Job:

While there is rarely a 'typical' day as an Underwriter, here's a snapshot of some of the key parts of the job:

Strategy

• Develop the existing Financial Risks reinsurance book and look for growth and improvement opportunities. The key lines covered are Trade Credit, Surety, Mortgage and Political risk.
• Opportunity to work on other product lines within the wider Specialty team
• Support the strategic direction of the portfolio and delivery of designated elements of the strategy and business plan.
• Demonstrate good client intimacy behaviours throughout the market.
• Contribute to the effective delivery of the business plan(s), ensuring alignment to strategy, client relationship and profitable growth.
• Work in partnership within the entity and other entities across the regions to leverage relationships and opportunities.
• Where appropriate participate in and contribute to client segmentation and product forum activities to ensure clarity and clear understanding of the approach to specific clients and markets.

Underwriting

• Generate and manage business on a client relationship basis within agreed risk appetite.
• Understand and contribute to execution of the business plan
• Ensure client relationship is achieved through the efficient oversight of issues raised including liaison to ensure effective conclusion to complaints and claims.
• Undertake analysis of the location / market to identify new business opportunities, products and clients, ensuring a robust business case.
• Ensure risks are written within the agreed parameters - making sound long term decisions on risks that are written, with a focus on smart rationale underwriting.

Underwriting Management

• Provide effective oversight and input into the underwriting performance.
• Reporting on an ad hoc basis regarding pipelines, new opportunities, and progress towards strategic goals.
• Liaise with and ensure regional compliance with underwriting management, taking corrective action as necessary and operating within agreed authorities
• Proactively participate in product forum meetings, as appropriate - challenging and responding to challenges regarding the Product performance.

Compliance and Risk Management

• Conduct role in accordance with the Company's Business Ethics policy and all regulated entities as appropriate.
• Manage the location/market so that is complies with relevant risk, regulatory and legal requirements and so that it complies with Group policies.

You're going to enjoy this job if you also...

• Have good business and commercial market awareness, specifically of Financial Risks business.
• Strong networking & managing both new and existing client relationships.
• Implementing and delivering on a clear underwriting strategy.
• Key skills in undertaking analysis of market and identifying new business opportunities, products and clients.
• Enjoy the challenge of shaping a sustainable Financial Risks reinsurance portfolio for MS Amlin.

What you'll need:

• Must have in depth knowledge, expertise, relationships and strong experience of the Financial Risks Reinsurance markets.
• Good understanding of relevant risk, regulatory and legal requirements.
• CFA and/or ACII or other relevant qualifications would be an advantage.

What you can expect from us:

• A competitive salary and benefits package is a given, but you can also expect:
• A great team and supportive colleagues
• Hybrid Working environment
• Flexible Working
• A strong focus on diversity, inclusion and equal opportunities
• A programme of wellbeing and mental health support
• Employer-supported volunteering (ESV)
• Continuous learning and study support
• Structured career development
• An open mind (especially to new ideas and ways of doing things)