Apprentice Underwriting Assistant

3 weeks ago


London, United Kingdom Skills Edge Training Full time

**Role of Applicant**
- As an Apprentice Underwriting Assistant, you will gain experience in the Underwriting process by supporting the business in policy submission, creation, renewal and booking process.
- You will provide administrative support to BOUM's Property Underwriting department.
- You will learn about Upstream Energy insurance.

**Core Responsibilities**
- Assisting the Underwriters with policy renewal and booking into underwriting system.
- General administrative support within underwriting process including file management.
- Creation of references and electronic folders for new and renewal submissions
- Awareness of all submissions and their nature (e.g. new; quote / new; written / renewal; quote / renewal; written)
- Monitoring/Allocation of premium messages
- Learn about basic underwriting principles and factors used to assess risk
- Understand basic regulatory and compliance regulations involved in the underwriting process.
- Learn about the main stakeholder relationships in the Insurance process for example Insureds, Brokers, Loss Adjusters and Lawyers.
- Complete all scanning and saving of documents to FileNet.
- Assist with monthly booking process.
- Process minor endorsement changes.
- Provide support with audits and compliance checks (i.e. collate folders/info for UA or UW to review).
- Assist UA with Agents Balance Report and accounts queries. Contact brokers where required.
- Perform other duties as assigned.

**Responsibilities specific to the Property Team**
- Maintain File Log. To be overseen by UA or SUA.
- Upon policy completion, perform destruction checklist.

**Knowledge, skills and experience**
- IT literate.
- Excellent written and verbal communication skills.
- Detail oriented with strong organizational skills.
- Ability to work within a team.
- A Level standard of education.

**Job Types**: Full-time, Apprenticeship

**Salary**: £25,000.00 per year

Schedule:

- Monday to Friday

Application question(s):

- How would you travel to and from the workplace?

**Education**:

- A-Level or equivalent (required)

Work Location: In person

Reference ID: Berkley Offshore
Expected start date: 04/09/2023



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