Contract Underwriting Support Specialist

2 days ago

London, Greater London, United Kingdom Everest Insurance (Ireland), dac Full time

Job Summary

We are seeking a highly skilled Contract Underwriting Support Specialist to join our team in London. As a key member of our underwriting and delegated underwriting team, you will play a vital role in ensuring the smooth operation of our business.

About the Role

  • Coverholder / MGA documentation operational review and analysis
  • Day-to-day administration of the Coverholder / MGA Approval Workflow Platform for Everest International
  • Administration on key areas of the Everest International DA portfolio to key stakeholders in accordance with internal Group and external regulatory minimum standards
  • Challenge received due diligence where necessary from Coverholder / MGAs
  • Consistent and accurate third-party counterparty analysis and measurement against current codes of practice
  • Assistance with coordinated performance meetings between Coverholder/MGA, Everest underwriters, and DU team(s)
  • To provide centralized operational day-to-day support and coordination to any internal or external audit that Everest International receives in respect of its DU portfolio

Key Responsibilities

  • Assisting the Delegated Underwriting Onboarding Manager to perform due diligence checks on DU documentation for Coverholder / MGAs
  • To be the focal point working with stakeholders, internally within Everest International and/or externally to source and review incoming documentation to ensure that all requisite documentation is recorded and stored within internal Everest International filing systems
  • To be able to review due diligence and challenge areas required for change of the DD files received from the MGA/Coverholder
  • Assist with the workflow management and administration, ensuring that all required agreement party tasks are chased down and completed within prescribed timescales
  • To produce for business stakeholders any requisite reporting that shows any area of incomplete administration and escalate issues accordingly to the Head of Delegated Underwriting Operations
  • Work in conjunction with the Delegated Underwriting MI & Reporting Manager to produce and update Delegated Underwriting operational-based management information and/or dashboard reporting, as relevant, for Internal Committee Meetings and business users as required
  • To routinely perform checks on a periodical basis to be determined of all internal and external minimum standards applied to the orderly running of all in-force and expired Delegated Authority Contracts and ensure that all pertinent documentation is securely maintained within the internal DU and Everest filing systems
  • To review exceptions on a monthly basis with the Delegated Underwriting Onboarding Manager and report to the Head of Delegated Underwriting Operations
  • To administer location of outstanding or missing documentation and report genuine exception reporting with the Delegated Underwriting MI & Reporting Manager to the relevant committees
  • Any other ad hoc duties or tasks as defined and agreed with the Head of Delegated Underwriting Operations and Head of Delegated Underwriting Technical
  • Assist with the co-ordination and planning for any internal/external audits of Everest International's DU portfolio

About Us

We are a leading global reinsurance and insurance provider, operating for nearly 50 years, now in over 15 countries. Our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders, and the communities we serve.

What We Offer

  • A competitive salary of £35,000 - £45,000 per annum, depending on experience
  • Opportunities for professional growth and development
  • A dynamic and inclusive work environment
  • A comprehensive benefits package

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