Risk Management Underwriter

4 days ago


London, Greater London, United Kingdom Ascot Group Full time
Job Description

We are seeking an experienced Risk Management Underwriter to join our team at the Ascot Group. As a key member of our underwriting team, you will be responsible for providing complete underwriting support for our Binders underwriting team.

The successful candidate will have excellent communication and organizational skills, with the ability to work well under pressure. They will be able to demonstrate a strong understanding of risk management principles and practices, as well as a good knowledge of insurance products and markets.

Estimated salary: £45,000 - £55,000 per annum.

Key Responsibilities:

  • To sign documents within agreed individual underwriting authority limits.
  • Assist Underwriters with scanning of other signoffs where necessary.
  • Ensure RI purchase procedures are complied with.
  • Be present at all stages of the insurance broker process.
  • Ensure mandatory risk details are entered correctly onto S2000.
  • Ensure insured name is correct.
  • Completion of Electronic Front sheet (EFS) and underwriting notes.
  • Ensure inclusion of technical premium and rate movement onto S2000.
  • Make sure relevant documentation is scanned against S2000 reference.
  • Assist with loss ratio analysis on individual accounts.
  • Support Underwriting Team in ensuring overall Syndicate SLA's are maintained.

Requirements:

  • Excellent communication and organizational skills.
  • Strong understanding of risk management principles and practices.
  • Good knowledge of insurance products and markets.
  • Ability to work well under pressure.


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