Our Reinsurance Underwriting team are looking for a Trainee Underwriter to provide day-to-day support to our busy and growing desks. We are looking across several lines of business, including Property, Credit & Political Risk and Casualty. Convex writes a broad range of products and continues to build out a global presence, meaning you will get exposure to a vast array of products and regions.
The main purpose of this role is to support the Reinsurance Underwriting in delivering a high-quality client service and you will ensure that new and renewal business is processed to agreed service standards.
Key Responsibilities
To support the Underwriting teams and the Underwriting Support Assistant team in delivering a high-quality client service. To ensure that new and renewal business are processed to agreed service standards. Reporting directly to the Underwriter, your key responsibilities will include:
- Build good working relationships with underwriting teams and ensure that underwriting management are regularly communicated with and kept up to date
- Support the Underwriting Support Assistant team who will be taking ownership of all aspects of the administration and referrals
- Learn and develop an understanding of the relevant line of business
- Pre-underwriting calculations and work as directed by the underwriter
- Attend peer review meetings and participate in discussions on risks within the division. To ensure peer review packs/meeting preparation is completed and logged on the underwriting system
- Produce and collate data for business planning
- To manage the flow of bound risks received from the underwriters.
- Run underwriting and MI reports as required
- To assist with recording all new business renewals
- To ensure all processing and credit control queries are answered within SLA time frames
- To provide general assistance to underwriters with all administrative duties
- To liaise with brokers upon request in additional to internal departments such as credit control, claims & compliance
- To work in conjunction with the booking and underwriting teams to ensure efficient working practices are in place e.g., identifying process improvements, providing feedback to reduce rework or errors and escalate any blockages to the team leader
- To be aware of the regulatory impact and ensure all underwriting activity is always within the guidelines
- To work within the Company’s code of conduct
Benefits
- Competitive Salary
- 30 days Annual Leave
- Birthday Leave
- 10% Employer Pension Contribution
- Private Health Insurance Medical Cover
- Group Income Protection
- Life Assurance Cover
- Income Protection
- Enhanced Parental Leave
- Annual Health Check
- 3 days of Volunteer Leave each year
- 10 days of help with care (elder/ childcare) through Bright Horizons
- £1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
About Convex Insurance
In 2019, Stephen Catlin and Paul Brand co-founded Convex with $1.7bn of initial committed capital to underwrite insurance and reinsurance for complex specialty risks. The company has since received an A.M. Best rating of A (Excellent) and regulatory approval to operate in London, Bermuda, Luxembourg and United States.
We have also welcomed leaders in their fields from across the insurance industry, bringing a diversity of thought and approach.
We live our values in every facet of our business:
Earn our reputation
Everything we do affects how others see us. Our success depends upon our reputation, for which all of us share responsibility.
Straightforward and fair
We tell it like it is, with fairness, dignity and respect. We strive to do the right thing always, however hard it seems.
Determined to improve
However good we are, we are not complacent. We know we can always be better and we never stop trying to improve.
Inspired by opportunity
We come to the market and to every client engagement without baggage. There is no limit to what we can achieve together.
Enjoy being different
We feel positive about change and we are not afraid to try new things in our quest for a better way for clients, stakeholders and colleagues to do business.
