Underwriting Assistant
4 days ago
We are looking for an experienced Underwriting Assistant - Insurance Specialist 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 analytical and problem-solving skills, with the ability to work well in a fast-paced environment. They will be able to demonstrate a strong understanding of insurance products and markets, as well as a good knowledge of risk management principles and practices.
Estimated salary: £50,000 - £60,000 per annum.
Key Responsibilities:
- 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 analytical and problem-solving skills.
- Strong understanding of insurance products and markets.
- Good knowledge of risk management principles and practices.
- Ability to work well in a fast-paced environment.
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