Underwriting Assistant - Property Treaty
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Job Summary
To assist the Underwriters in all aspects of underwriting and management of the North American Property Treaty portfolio as well as providing support to the team in preparation and analysis of financial models, management information reports and data analysis, and carrying out some regular administrative tasks.
Main Duties
* Assist Underwriters in negotiation and indication of renewals and new business
* Agreement of pre-agreed endorsements and policy amendments on behalf of Underwriters
* Daily correspondence with brokers, including attending broker meetings and providing feedback to the team
* Participate in preparation of special projects, including account analysis and review of key statistics for management reports
* Use of account management tools (CRM, Analytics, Charisma, Sequel) to fulfil data requests from management and/or team
* Ensure underwriting systems are properly updated and risks are accurately recorded
* Assist Underwriters in the office, online and in meetings, including taking notes in team and divisional meetings
* Prepare and present to others in the team specific account analysis, sector or topic research and country and claims reviews
* Complete financial models for review by Underwriters and assist in preparation of sign-off requests
* Liaise with Central Operations Department and assist in quality checking of policy administration
* Liaise with Claims Department and assist Underwriters with potential loss and recovery reporting and management
* Assist with compilation of statistics for annual Reinsurance Report
Regulatory Responsibilities
* Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction
* Foster positive relationships with Customers and attain an understanding of their needs
* Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate
* Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers
Our Requirements
Relevant Experience
* Experience within insurance sector
Technical Skills
* Microsoft Office, basic Word & minimum intermediate Excel
Education & Experience
* 5 GCSE’s English and Maths grade ‘C’ or above (or equivalent)
* 3 ‘A’ Level passes grade B or above (or equivalent)
* Lloyd’s Introductory Test
About Us
Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world.
Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognizes that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Seniority Level
Entry level
Employment Type
Full-time
Job Function
Finance and Sales
Industries
Insurance
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