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Underwriting Assistant - Property, London
Client: SCOR
Location: London, United Kingdom
Job Category: Finance
EU work permit required: Yes
Job Reference: 10e68604c0ba
Job Views: 59
Posted: 22.01.2025
Expiry Date: 08.03.2025
Job Description:
As a prospective employee, you should have a keen eye for detail, good communication, organisational and, importantly, data analytical skills. The ability to ensure that the underwriters have accurate and up-to-date information to assist them in performing their duties is key to this role, as is the ability to work in a team environment.
* Enter enquiries, quotes, new and renewal business and endorsements into policy administration system in accordance with underwriting guidelines and within agreed timelines and accuracy levels (including creating of risk references).
* Timely scanning of risk documentation to folders and document management systems.
* Manage the administration of the team’s portfolio tool to enable sufficient MI reporting.
* Track the status of all risks through every stage in the risk cycle.
* Management of team email inboxes.
* Monitor upcoming renewals and new risks in the business pipeline.
* Research submissions using appropriate sources e.g. Standard and Poors’ Capital IQ, news outlets, etc.
* Provide pre-underwriting and rating support to Underwriters such as creating meeting packs for Underwriters for existing and potential clients.
* Adherence with Lloyd’s Minimum Standards including Pre-Bind Quality Assurance.
* Ensure all month-end activities are completed within required timeframes to facilitate Syndicate and Lloyd’s reporting and exception reports, including: LPSOs allocated to policies and audit trail maintained; risks moved to status of Written; pricing information accurate and complete in policy administration system; differences in premium resolved in the policy administration system; checks, referrals and peer reviews complete and evidenced in the document management system.
Broker/Client Interaction:
* Provide a professional service to brokers, clients and third parties.
* Maintain and develop key relationships, responding to queries in a timely fashion.
* Prepare briefs, attend and take minutes for client and broker meetings as required.
* Liaise with brokers to ensure all slips and additional information received is accurate, complete, and on time.
Reporting & Operational Requirements:
* Provide accurate management information to the Underwriting team and senior management.
* Produce ad hoc reports, presentations and other team literature for key relations as and when requested.
* Monitor credit control and aged debt ensuring the timely collection of premiums.
* Ensure all data verification checks are completed in a timely manner and errors escalated and resolved accordingly.
* Provide reporting for weekly meetings.
General Requirements:
* Identify and report problems within the underwriting administration system and assist with solution design.
* Assist with User Acceptance Testing of the underwriting administration system as and when required.
* Interact with all SMAL teams i.e. exposure management, underwriting management, claims, finance, operations and compliance on matters affecting or related to accounts within the team’s portfolio.
* Help maintain SMAL minimum standards by assisting other underwriting assistants in achieving their service/quality levels and targets as required.
* Participate in cross-team projects.
* Undertake any other reasonable duties as may be requested by SMAL staff.
* Comply with SMAL policies, procedures and regulations relevant to your role.
* Manage training needs through attendance of relevant training and exams as advised by your line manager and also market presentations where relevant to your role.
* Carry out additional responsibilities as defined through your objectives.
* Uphold the principle of Treating Customers Fairly.
Contributes to the Company’s result by:
* Guaranteeing that the underwriters have accurate and up-to-date information to assist them in performing their duties.
* Highly proficient in the use of Excel.
* Proficient in the use of PowerPoint.
* Previous experience working in an office environment.
* Previous Insurance experience.
* Familiar with using UW systems, rating tools, reporting etc., but Xuber would be an advantage.
* Outcome focused, self-motivated, flexible, enthusiastic.
* Professional approach to working with key relations at all levels of authority.
* Organised.
* Demonstrate ability to manage time, meet deadlines and prioritise effectively.
* Proactive with drive to succeed.
* Uses initiative and common sense.
* Approachable.
* Strong communication skills verbally, in writing and via email and telephone.
* Team player as well as capable of working on own initiative.
Required Education:
* Educated to A Level or equivalent.
Desirable:
* Bachelors Degree or equivalent.
* Commenced, or willing to commence, CII studies.
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