Underwriting Assistant

2 weeks ago


London, United Kingdom Arch Capital Group Ltd. Full time

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Purpose:

- To support the Marne Hull & War Underwriters in the performance of their functions within the Marine Hull & War Line of Business (LOB) for Arch Insurance.
- To assist in the achievement of business objectivities within the Marine Hull & War Line of Business.

Exists to:

- Ensure Arch underwrites risk that is within the applicable Underwriting authority and allocated per risk capacity.
- Ensure the most advantageous usage of that capacity is achieved that meets the risk appetite and business plan.
- To provide support in developing future business plans and strategy for Marine Hull & War.
- Report risk accumulation data to Arch senior management
- Assist in the submission of data for the annual treaty reinsurance process

Key Responsibilities

Risk Analysis and Assessments

Utilize multiple techniques for superior risk analysis and assessment including:

- Individual knowledge and experience.
- Technical pricing and analytical tools including Concirrus
- “Roundtable” analysis to identify profitable opportunities.

Superior Service Standards

Internal and external service standards to include:

- Response levels to broker should be timely and articulate
- High clarity and integrity of internal reporting.
- Ensuring file documentation is complete and presents a clear audit trail.

Administration
- Basic details are entered onto IRIS to create the policy reference number.
- Run various analysis/exposure reports for the following purposes - LOB Manager’s overview, Arch senior management review, Reinsurers, Data Integrity reviews, Internal/External audit
- Ensure all aspects of account administration (on IRIS/Archlink/Submission Capture spreadsheet) including aggregation management are maintained in a timely manner
- Ensure Arch has a strong market presence through communication with brokers and clients
- Manage the administration of the individual business lines with regards to credit control, administration, outsourced services and filing
- Ensure that all records and files are maintained to an adequate standard
- Ensure compliance with all internal and external management and regulatory controls

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