Underwriting Technician

3 weeks ago


London, United Kingdom High Finance (UK) Limited TA HFG Full time

Underwriting Technician
Lloyd's Business - City of London
Salary £40,000 - £45,000

They are looking for someone with 3 years minimum experience within a technician role and someone who has dealt with processing and operations within the Lloyd's market.

**Overview of The Role**
- Administer the Run-off of assigned classes of business within Riverstone's guidelines and controls and within underwriting authority.
- Comply to Lloyds and Riverstone minimum standards.
- Ensure that the exposure management for the class of business is maintained and checked on a regular basis.
- To provide information/data as and when required by in order to complete the regulatory returns

**Key Responsibilities**
- To comply with appropriate systems that are in place for the monitoring and reporting of aggregate exposures for the class.
- To comply with appropriate systems that are in place for the monitoring and reporting of premium income for the class.
- To comply with all endorsement agreements and update changes in PINS and any other applicable systems.
- To agree endorsements when asked and only with the permission from the Senior Underwriter.
- To calculate profit commissions requested for all portfolios and agreeing in line with granted authority level.
- To assist both the credit control department and the Finance department in setting up manual payments when needed for premiums not processed via Xchanging.
- Working with the claims and reinsurance executives in regard to the claims and reinsurance operations for the class.
- Supporting senior management in understanding and assessing risks.
- To ensure premium estimates from transitioning business are verified and assist with credit control efforts where required.
- Determine underwriting decisions requiring escalation and approval by the Senior Underwriter or other Senior Management.



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