Job Summary The Class Underwriter - Power & Renewables, will lead the Power & Renewables team, which has Underwriters in London, Amman, Dubai, Kuala Lumpar and Casablanca. The Class Underwriter is responsible for the achievement and profitable growth of the P&R account, which currently has a value of around USD 26 million. They will review and underwrite Power & Renewables submissions received by IGIUK Ltd, determining and evaluating the nature and extent of the risk involved, maximising profit, whilst minimising the risk exposure to the business. Job Description Company Description IGI - International General Insurance Co. Ltd. is a leading international specialist commercial insurer and reinsurer with a global portfolio of Energy, Property, Construction & Engineering, Ports & Terminals, Marine, Financial Institutions, General Aviation, Professional Indemnity, Casualty, Directors’ and Officers’, Legal Expenses, Political Violence, Contingency and Treaty Reinsurance. Registered in Bermuda as a limited liability company, with operational headquarters in Amman, Jordan and offices in London, Malta, Bermuda, Norway, Dubai, Kuala Lumpur and Casablanca, we aim to deliver outstanding levels of service to our clients and brokers. Our ratings reflect the financial strength of our business: “A” (Stable) from AM Best; “A-” (Stable) from S&P. In 2024, we had net earnings of $135.2 million. Our holding company has assets in excess of $2,037.6 million, as at 31 December 2024. Key Responsibilities Underwriting Underwriting new business profitably and accurately, reviewing and analysing (Re)insurance proposals received by IGIUK in order to determine what degree of risk, if any, to accept on the business’s behalf, by reference to relevant, up to date market information, statistics and specialist data. Negotiating the most favourable terms with brokers and clients, ensuring that IGIUK’s income is maximised whilst its risk exposure is minimised. Ensuring that all decisions regarding the insurance terms to be offered to clients are made in accordance with IGIUK’s documented Underwriting procedures Liaising regularly with the IGI Group underwriting team based in Jordan, KL, Dubai, Casablanca and other offices, to ensure that procedures and process are operating as required and in a consistent manner. Undertaking regular peer reviews in accordance with IGIUK’s internal standards and requirements. Reviewing underwriting decisions made in IGI’s other offices, providing supporting recommendations as appropriate. Ensuring that individual responsibilities and accountabilities are carried out in line with regulatory and statutory requirements, particularly those relating to FCA’s principles covering Treating Customers Fairly and the general safeguards aimed at preventing financial crime. Portfolio Management Responsible for balancing a growth in volume without losing profitability across the line of business Ensuring all direct reports operate within their respective underwriting authorities, reporting any breaches to the Head of Energy Ensure any audit requirements and recommendations are promptly implemented and maintained Ensure implementation of risk appetite and tolerance for each of the key risk areas Client Relationship Management Maintain and develop where required all aspects of client relationship management and third party service providers Actively manage and grow broker relationships both in the UK and overseas Product Development Assess and report where necessary to the Head of Energy, any emerging risks within the class of business Recommend and review appropriate new business products Ensure all KPI’s are upheld for new business generation Continuing Professional Development Ensure an appropriate level of personal specialist knowledge and competence is maintained through a defined programme of training and continuing professional development as determined by prevailing regulatory requirements and internal standards Leadership Direct line management and leadership to Senior Underwriters, Underwriters, Assistant Underwriters Manage and review performance of all direct reports Key Attributes & Professional Qualifications An understanding of the regulatory environment and familiarity with good corporate governance practices within an international and diversified insurance environment An effective communicator and builder of relationships; a proactive team leader An individual with strong insurance technical competence and execution focus Competencies Results Orientation Delivering performance that stands out in the market Being energised by creating better ways of doing things, so that higher levels of performance are possible Introducing incremental improvements to enhance business performance using robust analysis and benchmarking Collaboration and Influencing Bringing people together across boundaries to achieve results as a team and share best practices Actively engaging colleagues to make joint decisions Using understanding of others and self to work more effectively together and actively resolve conflicts Team Leadership Agreeing responsibilities based on insight into an individual’s competencies as well as experience, taking calculated risks where appropriate Empowering the team to identify and solve problems, providing necessary support Using understanding of team and self to resolve conflicts effectively Creating a clear sense of team identity and holding the team accountable for meeting collective goals Rewarding individual initiatives beyond expectations to advance the common goal Strategic Contribution Drawing a high level of insight from trends in the market / line of business Integrating market, competition, trends and other factors to develop underwriting strategy that impacts the Energy team Qualifications A bachelor degree is preferred CII qualified Conduct Rules SMCR was introduced by the Financial Conduct Authority (FCA), includes a set of Conduct Rules that apply to most employees in UK financial services firms. These rules aim to improve individual accountability and promote a healthy culture across the industry. Individual Conduct Rules These are the core five rules that apply to all employees Act with integrity Act with due skill, care and diligence Be open and cooperative with the FCA, PRA, and other regulators Pay due regard to the interests of customers and treat them fairly Observe proper standards of market conduct