Deputy Class Underwriter - Renewable Power

Job​ Profile Summary

To participate in all aspects of underwriting and effective operation of Chaucer's Renewable Power & Energy business as directed.

Job Description

• Underwrite new and renewal risks and approve endorsements / amendments as required in accordance with the Group, Syndicate and Divisional business plan, strategy, Underwriting Controls and Guidelines & Compliance requirements and agreed underwriting authority

• Assist Renewable Power Class Underwriter(s) / Divisional Head in the development of long-term strategy for Renewable Power & Energy and related business across all business platforms and Chaucer hubs

• Perform slip and rating analysis and undertake premium monitoring

• Perform PML and aggregation analysis in conjunction with the Exposure Management team

• Monitor risks written and due for renewal as well as developing list of target accounts

• Monitor & ensure the accuracy and upkeep of all written premium data on proprietary policy administration system for all risks written within the area of responsibility

• Prepare reports and statistical information as required from time to time

• Assist with the development and enhancement of underwriting systems where applicable, including new and/or enhanced rate/premium benchmarking models

• Maintain and develop relationships with brokers to ensure good flow of new and renewal business that fits strategic appetite, and to enhance Chaucer brand, market profile and reputation

• Maintain and develop relationships with customers to aid business understanding, risk retention and target new business, including travel as required

• Contribute to maintaining and developing market profile for Chaucer generally and Renewable Power & Energy in particular with a focus on developing a market leading position.

• Attend market risk presentations and market body meetings as applicable

• Assist on outwards Reinsurance programme, including meetings with Reinsurers as may be required

• Keep up to date with Renewable Power & Energy industry developments to maintain knowledge of technical risk factors

• Maintain supportive relationships across the Energy Division and around the other Chaucer underwriting divisions and international offices

• Ensure timely and effective administrative processing and peer review of risks written

• Strive to achieve personal objectives as set out by Line Manager

Regulatory Responsibilities

Comply with all policies and procedures and ensure that due regard is paid to providing good customer outcomes and the fair treatment of customers.

Manage the relationships with Customers, Agents and Service Providers:

• Advise, assist and service customers on insurance and risk matters to promote customers' satisfaction;

• Foster positive relationships with Customers and attain an understanding of their needs;

• Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate; and,

• Complete all required annual product review assessments to agreed timescales with approvals obtained and recorded

• Follow all Chaucer Group Product Governance processes in the UCM and obtain appropriate approvals

• Ensure that the principles of providing good customer outcomes and the fair treatment of customers are upheld by Agents and Service Providers.

Skills and Competencies

• Relevant insurance experience specific to Energy industry

• Underwriting experience specific to the Lloyd's & London Market

• Experience in the Renewable Power industry

• Word and Excel - Intermediate

• High level of numeracy

• Good analytical skills

• Familiarity with exposure management (risk aggregation) tool

• Organised and able to work to tight deadlines and manage multiple priorities

• Able to communicate with different levels and is adaptable

• Resilient and able to work in a pressured environment

• Works as part of a team

Education

• ACII qualified or near completion