Underwriting Assistant

2 weeks ago

London, United Kingdom Avencia Consulting Full time

About us

Avencia Consulting are recruiting on behalf of a leading specialty Insurer who are looking to hire an Underwriting Assistant to join their Property team.

The Company currently writes lines of business including; specialty insurance: aviation & aerospace, energy, marine, property, terror & political violence, contingency and other specialty lines; reinsurance: property reinsurance, property retrocession, specialty reinsurance, whole account/multi-class and bespoke.

The role

The primary purpose of the role is to provide underwriting and administrative support to the D&F Property Underwriting team

Key accountabilities

*Support the pre-underwriting process focusing on review of historical performance, policy wordings, and pricing adequacy based upon predefined underwriting rules and/or guidelines.*Liaise with the placing broker throughout the underwriting cycle and policy period to ensure receipt of all necessary documents and manage any credit control issues. *Monitor and report contract performance on a quarterly basis. *Assist with Account Receivable collections when required.*Accountable for completeness of contents of underwriting package prior to handover to Underwriter for risk analysis/risk selection process.*Accountable for accuracy and completeness of data entry. *Manage all administrative requirements for the Underwriting team.*Liaise with Underwriters to confirm policy issuance instructions for policies, endorsements, forms, notices, certificates, etc.*Perform pre-analysis support for submissions, endorsements, and other incoming documents based upon predefined underwriting rules and/or guidelines *Monitoring premium payments and liaising with credit control, ensuring premiums are received before premium due date

Skills & experience

*Bachelor's Degree and progress towards ACII or other relevant commercial insurance industry designations *Basic knowledge of commercial insurance and regulatory requirements *Basic competency in MS Office applications: Word, Outlook, Excel and Adobe Standard required *Excellent written and oral communication skills *Strong interpersonal skills in order to work effectively and professionally with diverse groups *Proven prioritisation and time management skills and ability to triage workload essential within a deadline intensive working environment. *High level of numeric competency combined with ability to perform detail-oriented qualitative review are required in order to adequately digest risk submissions. *Must be able to self-lead effectively and work effectively both independently and with teams. *Demonstrated ability to deliver and manage accurate thoughtful detail-oriented work within tight deadlines

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