IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation, and human expertise to make smart decisions, fast.
The role
The Trainee Underwriter role is the first step on the ladder and sets the foundations for an Underwriting career. The role principally entails providing underwriting and administrative support to the underwriting team, working closely with Operations, Exposure Management and Pricing teams to ensure efficient running of the underwriting process and the accuracy and integrity of the team’s data.
We currently operate a hybrid working model. This entails 3 days per week collaborating with colleagues in the office, and 2 days working from home.
Key responsibilities
- Contribute to the execution of underwriting strategy for an allocated class of business.
- Work with the Underwriters to monitor and maintain key operational performance indicators.
- Assist the effective delivery of underwriting management and supporting operations.
- Provide an effective feedback loop for issues identified and work with the Underwriters to resolve any issues.
- Liaise with appropriate teams to ensure accurate and up to date risk-level information is always held.
- Work with Exposure Management and Pricing teams and ensure that all pre-bind tasks are completed in a timely fashion.
- Communicate with brokers by e-mail and telephone, ensuring the underwriters have all the information required to commute the underwriting process.
- Self-adherence to all regulatory requirements, guidelines and working practices.
- Embody and amplify the IQUW values in all aspects of day-to-day activity.
- Carry out other reasonable tasks as required by line management.
Qualifications, skills, and experience
- Strong interpersonal and relationship building skills.
- Highly articulate and numerate
- Strong analytical skills
- A team player
- Innovative and able to generate creative solutions.
- Highly organised clear ability to prioritise and deliver on allocated tasks.
- Desire to provide excellent service and deliver appropriate outcomes.
- Competitive Benchmarked Salary
- 25 days holiday
- Discretionary bonus scheme
- Employee assistance programme
- Annual holiday buy (up to 3 extra days)
- Salary sacrifice benefits
- Annual benefits reviews
- The option for professional qualifications and study support