Underwriting Assistant

4 days ago


London, Greater London, United Kingdom Ascot Group Full time
About the Role

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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