Role Overview
This position would ideally suit a Broker who is looking to transition into Underwriter role or an Underwriter looking to further their career and knowledge. As a Space Assistant Underwriter, you will be at the heart of our underwriting operations, supporting senior underwriters in making strategic, technical, data-driven decisions. From risk evaluation to policy administration, you’ll play a pivotal role in shaping profitable underwriting outcomes while ensuring seamless execution.
This is an excellent opportunity to join a London based MGA and be part of one of the World’s largest underwriting intermediaries with ambition to profitably grow the existing Space portfolio.
Key Responsibilities
* Underwriting Support: Assist in evaluating new and renewal Space risks in line with company guidelines, ensuring a balanced portfolio.
* Data-Driven Decision-Making: Analyse client submissions, review technical assessments, assess loss history and contribute to pricing discussions.
* Risk Assessment & Compliance: Ensure all underwriting decisions align with underwriting authorities, data management restrictions and regulatory requirements.
* Portfolio Management: Assist in analysing the performance of our Space book, identifying trends, and recommending corrective actions if needed.
* Technical Execution: Accurately enter Space risks into Nexus / Occam record management and accounting systems, ensuring precise data for reporting and analysis.
* Reporting & Analytics: Prepare underwriting reports on cover-holder agreements, helping underwriters assess portfolio performance.
* Broker & Client Engagement: Coordinate with brokers and clients to obtain additional underwriting information, clarify policy terms, and ensure smooth placements.
* Operational Efficiency: Assist in policy construction, issuance, endorsements, declarations, and premium calculations with a focus on accuracy and timeliness.
* Market Awareness: Conduct research on market trends, pricing strategies, and competitor activities to support business development initiatives.
* Regular Bordereaux production and reporting
* Monthly / Quarterly reports to carriers
Key Requirements
* Experience: 3-5 years in Space Insurance.
* Education: A university degree with a finance, mathematics, or business focus is preferred. A CII qualification or equivalent is a plus.
* Technical Skills: Strong numerical proficiency with experience in MS Excel for underwriting analysis and reporting.
* Soft Skills:
* Sharp analytical mindset – you can spot underwriting patterns and assess risks effectively.
* Strong communication and negotiation skills – you’re comfortable interacting with brokers and clients.
* Meticulous attention to detail – ensuring underwriting precision in every transaction.