Assistant Underwriter, Reinsurance

4 days ago


London, United Kingdom IQUW Group Full time

Overview: Do you have experience of providing support to underwriters? Are you ready for the next step in your underwriting career?

In the Reinsurance team our Assistant Underwriters provide pre-underwriting and technical analytics support to the Underwriters and Senior Underwriters, whilst also underwriting their own business within their underwriting authority. They provide risks in readiness for underwriting, including correctly organising the submission flow, preparing rating sheets and pre-reading underwriting information. They have extensive interaction with our brokers and aid with the processing of ad-hoc reinsurance purchases.

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Supported by the Lead Underwriter you will be: *
- Contributing to the execution of the underwriting strategy
- Conducting risk assessments for technical tasks, developing your analytical skills
- Developing your underwriter judgements and conducting reviews of wordings and the use of various modelling systems
- Acting as a peer reviewer to ensure that appropriate documentation is present, and that the internal underwriting system(s) are accurate
- Supporting the underwriting of new and renewal business by providing your technical opinion for underwriters through your assessment of the information available
- Liaising with stakeholders including but not limited to, Brokers, Reinsurance Brokers, Underwriters and Exposure Management and Pricing Teams
- Checking and challenging team outputs to ensure it meets expectations

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What you’ll get in return: *
- 25 days holiday
- Discretionary bonus scheme
- Employee assistance programme
- Annual holiday buy (up to 3 extra days)
- Salary sacrifice benefits
- Annual benefits reviews
- Enhanced Family Friendly Benefits

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We’d like to hear from you if you can: *
- Use the principles of insurance in an underwriting environment
- Price business fairly, and have an appreciation of all variables that can have an impact on price
- Build a full understanding of the coverage provisions, exclusions, and conditions for product wordings
- Utilise your interpersonal skills to develop and maintain long lasting relationships with brokers, coverholders and clients
- Use your analytical skills to drive business forward in a commercial environment

**Job Types**: Full-time, Permanent



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