Underwriting Operations Analyst

4 weeks ago


London, United Kingdom Cornwallis Elt Full time

Job Description

Underwriting Operations Analyst– Premiums – Underwriting – Insurance – Permanent

£50-65k - 5 days in the office.

This role is an essential part of the Technical Operations Team, and the purpose of the role is to complete and support the risk capture and endorsement processing, ensuring the accurate and timely capture of appropriate data.

Duties & Responsibilities

Binding and Endorsement Processing

  • Ensure, maintain and be responsible for the entry and accuracy of data within the underwriting system of record from the underwriting slips and endorsements for inwards business across multiple Lines of Business.
  • Forge strong working relationships with key stakeholders and take ownership for managing relationships with specific underwriting teams.
  • Support the team initiative of improving the Binding and Endorsement Operational function by reviewing existing processes and creating efficiencies.
  • Manage and resolve Binding and Endorsement Queries promptly and accurately using the Query management tool and regular face-to-face communication with Underwriters and Underwriting teams and email and TEAMS communication with the outsourced processing teams.

Data Quality

  • Gain a high level of understanding of each Line of Business and their processes by attending learning sessions and communicating with the underwriters and underwriting assistants.
  • Work closely with outsourced providers to ensure that Data quality and performance targets are met and issues are identified and addressed
  • Ensure that all identified data quality errors are corrected by the following day, after they are discovered and define and implement corrective actions to prevent errors recurring.
  • Identify and implement processes, procedures and training to outsourced service providers to improve Data quality.

Minimum Qualifications, Skills & Experience

  • Demonstrated Operations Experience.
  • A practical understanding of Underwriting systems.
  • Advanced Outlook and Excel skills.
  • Demonstrated ability to master new concepts quickly and take initiative with own personal development.
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