Assistant Underwriter

Date: May 2, 2024

Location: Zurich, Zurich, CH, CH-8001

Company: Aspen Insurance

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.

To appropriatley underwrite risks and support the respective underwriting team in accordance with the business plan and within delegated underwriting authority

Our Aspen Values are expected to be refelcted in the delivery and performance of every role

Strategy and Planning

• Contributes to the preparation and implementation of the operational team plans to ensure these include operational considerations for delivery.
• Determines own work priorities and activities in line with agreed plans to ensure the achievement of personal and team objectives.
• Benchmarking of delivery to plan objective
• Management team feedback
• Relevancy, accuracy and timeliness of contribution to operational plans•

Policy, Process & Procedures

• Performs underwriting activities, as directed and in accordance with all legal and regulatory requirements to ensure obligations are met.
• Adheres to underwriting standards and good practice to minimise risk and maximise efficiency in line with process control time frames.
• Contributes to recording and measurement of insurance risks to ensure accuracy, good practice and adherence to relevant performance standards (as prescribed by quality review process

Technical Performance

• Underwrites insurance risks in accordance with the business plan and the delegated underwriting authority to meet business objectives including:
• Negotiating rates/ terms and conditions for existing and new business.
• Compliance in the production and issue of contract certainty documentation.
• Supporting credit control in payment collection.
• Participates in the review and analysis of the portfolio to identify progress toward business objectives.

Knowledge

• Relevant knowledge of underwriting in appropriate area.
• Working knowledge of relevant Aspen underwriting systems.
• Understanding of relevant market conditions
• Understanding of class specific underwriting and reinsurance knowledge.
• Knowledge of relevant market conditions for specific class/portfolio.
• Knowledge of legal and regulatory requirements (specific reference to FCA/Lloyds regulation)
• Knowledge of Aspen’s underwriting process and reinsurance programmes and Expected Profitability Analysis requirements.

Skills

• Strong interpersonal and communication skills
• Good organisational skills.
• Able to work independently.
• Proficient in MS Office applications effectively e.g. Excel and other departmental software packages.
• Able to manage conflicting priorities to achieve deadlines

Experince

• Broad experience of working in an underwriting environment within a specialised/complex underwriting area.
• Degree level education (or equivalent).
• ACII (or equivalent) qualified or progress towards completion of insurance qualifications.

At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate. We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.