Underwriting Assistant/assistant Underwriter

2 weeks ago

City of London, United Kingdom active staffing solutions Full time

* To £40K Plus bens
- 12-14 month FTC
- Option to go Permanent
Job Purpose:
To deliver a market leading customer service to our brokers and agents, taking accountability for the
service provided specifically in respect of Construction & Engineering lines. Work within underwriting
authority and company strategy to win and retain business to support the long term profitable
development of our customer relationships.
The role also requires comprehensive support to be provided in all aspects of the team's activities to
achieve profitable growth and deliver the Company's long-term strategy.
Key Responsibilities:
Assisting in the delivery of planned underwriting results, sales targets and achievement of case target
loss ratios via proactive case underwriting, involving high quality risk selection and technically sound
pricing (including provision of rating sheets and the recording of technical deviation figures).
- To provide assistance and support to the Lead Underwriter and as and when required, all
underwriting staff and Business Development Managers;
- Process new business premiums, renewal premiums and mid-term adjustments; additionally,
maintain bdx for insurers;
- Maintain files ensuring all supporting information recorded for audit and compliance purposes;
- Review cases and prepare information to underwriting staff in preparation for renewal in
accordance with current renewal strategy - to be responsible for maintenance of the renewals
book;
- Liaising with brokers as required; developing and maintaining distinct relationships with brokers
and other key contacts within the market;
- Issue survey instructions, maintain diary and chase broker for follow up on recommendations/
requirements;
- Handle day to day business activities on policies, including policy maintenance and recording;
- Assistance in preparation and maintenance of monthly operational reports relating to
underwritten business, such as broker statements and bdx;
- General credit control responsibilities, including, analysis of overdue policies and chasing of
brokers for payment;
- Adherence to internal and external service standards;
- Assisting in the delivery of planned underwriting results and Company strategy;
- Assist and support on-going projects;
- Liaising with all team members on ways to improves business processes;
- Comply with the company's complaints procedure and assist in the satisfactory resolution of
complaints; and,
- Involvement in other ad hoc tasks as and when required by the business.
Key Skills and Experience:
Essential
- Min 2 years' experience working in an office environment;
- Excellent communication skills (written and oral); and,
- Organised and able to manage and prioritise a varied workload.
Desirable
- Sound Microsoft Office skills - particularly Excel and Word;
- An understanding of the Insurance market in the UK including London Market;
- Knowledge and experience of working on underwriting or back office systems; and,
- Relevant experience within a similar role would be beneficial.
Qualifications and Educational Requirements
- GSCE Maths and English (or equivalent)

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