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Job description

Brief overview of the role

This role is within an Energy Underwriting team. You will assist the Underwriters with aggregation and exposure calculations and reporting. You will learn about Catastrophe modelling, aggregation exposure management, gathering and manipulating data to produce reports for the Underwriting team. This role will gain an understanding of the practices and exposures within the Energy Offshore, Onshore and Renewable Energy Insurance industry.

Energy Underwriting department duties to include:

· Assisting the Underwriter in completing Upstream and Renewable Energy Underwriting documentation, which will include manipulating and inputting data and then producing reports based on that data.

· Develop an understanding of Offshore, Onshore and Renewable Energy exploration and production activities and processes.

· Develop sufficient understanding and skills to allow data entry to BOUM Aggregation system.

· Learn about basic underwriting principles and factors used to assess risk

· Understand basic regulatory and compliance regulations involved in the underwriting process.

· Investigate, manipulate and correct large data sets, predominantly within Excel.

· By the end of this apprenticeship, this role will have taken ownership of reports and the data inputted to create them.

· This role will eventually provide regular reports and analysis to different management or leadership teams.

· Identify, analyse, and interpret trends or patterns in data sets.

· Support the generation of underwriting reports to the Upstream Energy team.

· Learn about the main stakeholder relationships in the Insurance process for example Insureds, Brokers, Loss Adjusters and Lawyers.

· Prepare and provide statistics and information to serve the requirements of the underwriting team.

· This role will gain experience within Excel, Power BI and several in house systems.

· Support the Underwriters and Exposure Analyst where necessary.

Desired skills

• Strong skill set with Microsoft Office suite – in particular Excel, Word.
• Excel ability - Individual must have good skills in the use of formulas and pivot tables, VBA or Macro ability is a bonus but not essential.

· The desire and ability to analyse data sets taking account of different data sets and seek to combine them.

• Must have an aptitude for math and technology-related tools.
• Excellent written and verbal communication skills.

Personal qualities

• Problem solving skills and attention to detail
• Detail Oriented with strong organisational skills
• Able to work in a team environment, where the success of the team is paramount

Essential Qualifications:

• 7 GCSE’s (or equivalent) at grades 9-4 or A-C including maths and English
• 3 A Levels (or equivalent) at grades A*-C in any subject but preferably one in a numerical or computing subject (e.g. Maths, Science, Computer Science etc.)

Future prospects

Opportunity to progress within the company and gain further skills and knowledge

Apprenticeship summary

• Working week
• 9.00am - 5.00pm, Days to be confirmed. (1 hour for lunch)
• Total hours per week: 35.00

• Expected duration: 20 months

Employer

Berkley Offshore

https://www.berkleyoffshore.com

Description

We are a specialty underwriter for exploration and production companies in the oil and gas industry. Our clients are engaged in the exploration for and production of hydrocarbons all over the world, both onshore and in offshore waters. We work exclusively with brokers who specialize in energy risks. Our underwriting offices in New York, London and Houston write to the same capacity and provide the same specialized products to a worldwide clientele.

Job Types: Full-time, Apprenticeship

Salary: £27,000.00 per year

Schedule:

• Monday to Friday

Application question(s):

• How Many GCSE's do you have over a grade 4/C?
• How would you travel to and from the workplace?
• What has attracted you to this position and what makes you the ideal candidate?

Education:

• A-Level or equivalent (required)

Work Location: In person

Reference ID: VAC1000198125
Expected start date: 16/10/2023