Underwriter

Job Title: Underwriter

Entity: Rokstone Underwriting

Department: Sport & Leisure

Reports to: To be Confirmed

Location: United States

Who We Are

Rokstone, part of the Aventum Group, is an established international underwriting MGA and approved Lloyd’s of London coverholder, where we also hold a Lloyd’s Box. With innovation at our core, we go beyond the ordinary to offer brokers specialised (re)insurance solutions. Within Rokstone, we house specialist MGAs such as Novus, iSure and iFarm, each contributing to our commitment to redefining industry standards.

At the heart of Aventum are our people. Our employees collaborate in dynamic, service-focused teams. Together, we strive daily to achieve our goals and objectives with a shared dedication to revolutionising the insurance industry for the better.

The Company offers a competitive benefits package via a flexible benefits platform. In addition to core benefits, employees can tailor their benefits according to their needs. Employee development is key to the ongoing development of Aventum on the whole. We invest in our people, empowering them to grow their careers and advance within the Group. Our dynamic culture is rooted in the continuous desire of our people to learn and challenge themselves.

Role Summary

Newly created due to growth, we are seeking an Underwriter to come and join our Sport & Leisure division within the United States.

Role Accountabilities

• Study insurance proposals.
• Gather and assess background information, including proposal forms and survey report specialists where appropriate, in order to effectively assess the risk involved.
• Calculate possible risks and decide how much individuals or organisations should pay for insurance (the premium).
• Decide whether the risk should be shared with a reinsurer.
• Visit brokers or potential customers and prepare quotes.
• Liaise with specialists, such as surveyors and risk engineers, for risk assessment, and develop good working relationships with brokers.
• Negotiate terms with policyholders or their brokers and draw up contracts.
• Ensure that premiums are competitive and that accounts remain profitable.
• Understanding the pricing mechanisms and pricing adequacy for risks globally.
• Specify conditions to be imposed on different types of policies and ensure adequacy of warranty controls.
• Write policies and help develop policy wordings.
• Keep detailed and accurate records of policies underwritten and decisions made.
• Work closely with senior underwriter in developing new practices and new underwriting ideas as well as opening up new markets and opportunities.
• Use formal reporting mechanisms, as defined by Risk and Compliance or Internal Audit, to promptly notify relevant parties of any perceived new risks or failures of existing control measures.
• At all times, consider the effect of any actions taken on the customers of the Company, with the intention of improving their experience.
• All employees must endeavour to provide accurate, complete and appropriate data, in accordance with the Company's data policy, as part of their roles and responsibilities at all times.

Role Requirements

• Minimum of 5 years’ experience in underwriting specialising in Sport & Leisure.
• Degreed educated.
• Experience working for an insurer, MGA or Lloyd’s syndicate.

Skills and Abilities

• Self-motivated and enthusiastic.
• Team worker with the ability to work on their own initiative.
• Professional approach to relationships.
• Clear aptitude for teamwork, planning and organising.
• Positive attitude.
• Excellent attention to detail.
• Proven organisational and problem-solving skills.

We are an equal-opportunity employer, and we are proud to share that 93% of our employees say they can be themselves at work. We aim to hire our industry's finest people because the best people drive the best outcomes. And we forever challenge the status quo because we know there are always ways to improve things. Because together, we're limitless.

We value applicants from all backgrounds and foster a culture of inclusivity. We understand the need for flexibility, so work in a hybrid model. Please let us know if you require any reasonable adjustments during the recruitment process.