Underwriter

Reference: ASPUK01118

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Permanent - Full Time

**About us**:
Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.
We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.
Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.

**The role**:
To appropriately underwrite risks in accordance with the business plan and within delegated underwriting authority.

“Our Aspen Values are expected to be reflected in the delivery and performance of every role.”

**Key accountabilities**:
**Strategy And Planning**
- Contributes to, monitors and advises on the plan developments and changes in order to ensure relevancy, compliance and optimal delivery.
- Assists in the preparation and implementation of the operational team plans to ensure these are in line with wider business strategy and reflect key priorities.
- Determines own work priorities and activities in line with agreed plans to ensure the achievement of the function’s objectives.

**Policy, Process and Procedures**
- Supports the implementation of the underwriting strategy to enable delivery of overall business targets.
- Adheres to underwriting standards, instructions and good practice to minimise risk and maximise efficiency.
- Ensures the recording and measurement of insurance risks, including delegated underwriting authorities (DUA’s) where relevant, to ensure accuracy and good practice.
- Performs underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met.
- Understands and complies with any reinsurance requirements to minimize risk and to deliver business plan objectives.
- Ensures that underwriting files are maintained in a logical and accessible manner and/or other underwriting issues are clearly documented at all times.

**Environmental Awareness/Customer Focus**
- Establishes, strengthens and develops relationships with stakeholders including customers, brokers, business partners and colleagues to support their needs, maximise influence, and achieve business objectives
- Responds to internal and external stakeholder requests in accordance with service standards.
- Demonstrates an understanding and awareness of market dynamics and market cycle to enhance business performance.

**Technical Performance**
- Underwrites insurance risks in accordance with the business plan and the delegated underwriting authority to meet business objectives.
- Participates in the review and analysis of the portfolio to identify progress toward business objectives.
- Acts as a technical expert to support the identification of issues and opportunities within area of expertise.
- Supports the senior underwriting team in the production of management information reports, to enable effective monitoring of underwriting activity.

**Skills & experience**:
**Knowledge And Experience**
- Extensive and relevant knowledge of underwriting in appropriate area.
- Good working knowledge of relevant Aspen underwriting systems.
- Understanding of class specific underwriting and reinsurance knowledge.
- Proven knowledge of relevant market conditions for specific class/portfolio.
- Knowledge of use of risk profiling, pricing tools and loss models.
- Good knowledge of legal and regulatory requirements (specific reference to FCA/Lloyds regulation)
- Good knowledge of Aspen’s underwriting process and procedures including EPA’s
- Broad experience of working in an underwriting environment within a specialised/complex underwriting area.
- Experience of resolving complex underwriting queries.
- Specific professional qualifications at a level of degree or equivalent.
- ACII (or equivalent) qualified or progress towards completion of insurance qualifications.
- Strong/established customer/broker relationships.

**Other**:
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