Senior Underwriter Cyber

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 underwrite business in accordance with the business plan and within delegated underwriting authority with the purpose of underwriting a profitable account on behalf of Aspen in the UK and Aspen Values demonstrated in the delivery and performance.

Key accountabilities

Strategy and Planning

Awareness of and contribution to the delivery of the divisional business plan, making decisions as appropriate
Contribute and participate in all relevant meetings, in order to share and develop strategy, knowledge and best practice
Positively promote the department, division and company as a whole, in order to maximize brand leverage
Apply the reinsurance strategy in order to safeguard the portfolio

Policy, Process and Procedures

Perform underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met
Adheres to underwriting standards, instructions and good practice to minimise risk and maximise efficiency
Ensure the recording and measurement of insurance risks, including delegated underwriting authorities (DUA’s) where relevant, to ensure accuracy and good practice, assisting with the development or modify policy wordings as appropriate
Understand and comply with any reinsurance requirement to minimize risk and to deliver business plan objectives

Environmental Awareness/Customer Focus

Use technical knowledge and judgement to refer and support Senior/Underwriters with identifying issues and opportunities
Establish, develop and strengthen relationships with stakeholders including customers, brokers, business partners and colleagues to maximise influence and achieve business objectives
Demonstrate support for market associations and trade bodies
Demonstrate understanding and awareness of market dynamics and market cycle to drive and enhance business performance

People Management

Operate collaboratively with colleagues in the team to ensure relevant knowledge and expertise is shared for their continuing personal and professional development and support the achievement of business goals
Acts in accordance with, and is an advocate of, the Aspen Values.

Skills & experience

Knowledge And Experience

Significant knowledge of relevant market conditions for cyber insurance
Good understanding of class specific underwriting
Strong knowledge of underwriting process and procedures
Good working knowledge of relevant underwriting systems
Strong knowledge of legal and regulatory requirements (specific reference to PRA, FCA and Lloyds regulations)
Specific professional qualification (CII) (preferable)
Substantial experience gained within the cyber insurance industry and within a specialised/complex underwriting area
Strong/established customer/broker relationships
Experienced in using risk profiling and pricing tools and loss models
Knowledge of a second European language preferred

Other

We’re committed to making Aspen a great place to work, where you’re rewarded and recognised for your efforts. As well as your pay and discretionary performance related bonus, you’ll also enjoy a huge range of benefits. There are plenty of options available with our exciting benefits package, designed for your health, your family and to help ensure that you enjoy the most from your lifestyle.