About the Role:
The Senior Underwriter will be responsible for managing and developing the downstream energy account for the Middle East, North Africa, and South Asia region. This role involves a combination of underwriting, business production, client development, and portfolio management, aimed at achieving sustainable profitability in line with the company's objectives.
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Key Responsibilities:
- Underwriting: Underwrite new and renewal Downstream Energy policies and, when applicable, other lines of energy business within delegated Personal Authority Limits. Apply sound technical judgment, appropriate pricing, and disciplined risk selection.
- Business Production and Broker Liaison: Develop profitable business opportunities, maintain strong broker relationships, and deliver agreed production targets in accordance with the Downstream Energy business plan.
- Portfolio Management: Manage the assigned portfolio to achieve sustainable profitability by monitoring premium income, rate adequacy, loss experience, retention, and exposure accumulation.
- Business Planning: Contribute to the annual business plan, budget, and portfolio forecasts, identifying opportunities for profitable growth and improvements in portfolio performance.
- Client and Market Development: Maintain existing client relationships and develop new business relationships, thus strengthening the company's presence in the international Downstream Energy market.
- Catastrophe Exposure Management: Review and authorize catastrophe exposure management aggregate reports within delegated authority, ensuring accurate exposure reporting and compliance with portfolio limits.
- Technical Pricing and Portfolio Analytics: Collaborate with actuarial colleagues to monitor and develop benchmarking and rating models, evaluate portfolio performance, and support appropriate underwriting and pricing decisions.
- Reserving and Governance: Work with actuarial colleagues and auditors on quarterly reserve projections, providing underwriting insight into loss development, large claims, and emerging portfolio trends.
- Teamwork and Strategy: Work collaboratively with Energy colleagues at the company London to support consistent underwriting strategies, share market intelligence, and contribute to the development of the Downstream Energy underwriting team. Attend monthly executive meetings on behalf of Downstream Energy when required.
Skills and Experience Specification:
Essential
- Extensive knowledge of the regional energy insurance market.
- Extensive regional broker and client relationships.
- Skilled in risk assessment and financial analysis.
Desired
- Excellent mentoring, relationship-building, and collaboration skills.
- Excellent negotiation skills.
