Underwriting Assistant

2 weeks ago

London, Greater London, United Kingdom 3036e329-79d7-47c1-9331-1fd4230539cd Full time £50,000 - £70,000 per year

Role: Underwriting Assistant - Onshore Energy
Location: London
Position type: Full time, permanent
The Underwriting Assistant is an active member of the underwriting team, supporting the day to day underwriting activities, including risk information, rating risks, CAT modelling and underwriting notes. We are required to manage these tasks smoothly and within the required regulatory parameters.

You will be part of the Natural Resources division. We write a global portfolio of risks, of varying complexity and size.

The role would also provide a solid foundation and opportunity to develop a career in Underwriting.

About The Job
What you'll spend your time doing:

  • Assist underwriters in the office and at Lloyd's
  • Set up references for new & renewal accounts
  • Set up risk information folders, rating risks, working on CAT modelling, and presenting information to underwriters
  • Ad-hoc projects on book specific data when requested by underwriters
  • Remain alert to developments affecting the business of the class. Escalate such matters, as appropriate, to the Senior Underwriters or Underwriting Management
  • Make sure all risks are actioned accordingly in S2000 and update our risk tracker which records all offers and our response (written & signed, NTU, declined)
  • Act as Team Data Steward working closely with other areas of the business
  • Assist late payment reports/ EPI queries (Credit Controllers) & data fitness reports (Compliance)
  • Liaise with various internal teams including actuarial and modelling team regarding pricing.
  • Manage all queries in a professional and efficient manner
  • Accuracy checking & write up notes as part of UW sign-off
  • Participate in the monitoring of premium payments and liaise with Brokers and CRT where necessary
  • Build relationships with brokers that will assist you in carrying out your role

You're going to enjoy this job if you also…

  • Have high attention to detail and accuracy
  • Are a strong problem solver

What you'll need:

  • Must have some insurance related work experience
  • Demonstrate developed skills in numeracy, MS Excel and task management
  • Excellent communication skills
  • Self-motivation & strong organisational skills

What you can expect from us:
A competitive salary and benefits package is a given, but you can also expect:

  • A great team and supportive colleagues
  • An open mind (especially to new ideas and ways of doing things)
  • A strong focus on diversity, inclusion and equal opportunities
  • A programme of wellbeing and mental health support
  • Employer-supported volunteering (ESV)
  • Flexible working
  • Continuous learning
  • Study support
  • Structured career development

About Ms Amlin
MS Amlin is part of a global top-10 insurance group, MS&AD. We're made up of four distinct businesses covering global reinsurance, Lloyds franchise, local specialty insurer, and business services.

Conduct Rules
With the implementation of the SM&CR (Senior Managers & Certification Regime), the Financial Services and Markets Act gave the FCA new powers to write conduct rules and apply them to all employees within a firm. The Conduct Rules set basic standards of good personal conduct. They stipulate that you must:

  • Act with integrity
  • Act with due care, skill and diligence
  • Be open and co-operative with the FCA, PRA and other regulators
  • Pay due regard to the interests of customers and treat them fairly
  • Observe proper standards of market conduct

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