Underwriting Apprentice - Marine

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Underwriting Apprentice - Marine

  • Location:

    United Kingdom

  • Contact:

    Fikile Mkhabela

  • Contact email:

    fikile.mkhabela@equitycity.co.uk

  • Job ref:

    472

  • Published:

    3 months ago

  • Expiry date:

    2024-10-19

The underwriting apprentice role will be part of a busy team supporting with the day to day underwriting activities. This will include looking after data and making sure its managed smoothly and keeping to required time frames. The apprentice will support the underwriters to underwrite various allocated accounts in line with the business plan. They will also support that produces a return to capital providers in accordance with the divisional business plans.  The apprentice will also provide technical and administrative support to Underwriters. This work will include statistical analysis and reporting on business activity.  In addition, the apprentice will support with the production of relevant reports to ensure the team is meeting its regulatory requirements internally and externally. This is a role that is at the heart of everything we do.


What you’ll do
  • Work with underwriters to help delivery of client-facing transactional service activities that include analysing data sources and making informed judgements on potential insurance data sources
  • Assisting in the day-to-day running of client risk and insurance programmes
  • Contributing proactively to client satisfaction, retention and profitability
  • Supporting senior underwriters with any risk identifiers that could impact underwriting decisions by learning about various cases/premiums
  • Carrying tasks contributing to the success of your underwriting team
  • Maintain and update data accurately internally including all insurance records and management information
  • Setting up references for new & renewal accounts.
  • Making sure all risks are actioned accordingly in our internal system. (S2000) 
  • Save any relevant documents to the Internal insurance system
  • Ad hoc reporting, renewals lists, looking after and analysing  monthly rates, aggregate and premium projections and monitoring
  • Responding to box queries and exceptions on IQcanvases
  • Assist with creating various reports i.e. data fitness reports
  • Build effective relationships with key stakeholders internal & external and with own peer group within the market to ensure continued growth
  • Remain alert to developments affecting the business of the class. 
  • Participate in the monitoring of underwriting against the Business Plan drawing attention to exceptions where identified to ensure we are meeting targets.
  • Assist with resolving standard risk review queries and meeting critical deadlines
  • Working closely with lead/senior underwriters in the team to reviewing insurance policies and procedures to ensure these are being adhered to
  • Work closely with underwriters and provide recommendations on potential authority limits, challenging issues as required on various cases.

Who we’re looking for
  • You will have a strong desire to learn and build your career;
  • You’ll need to be open minded and willing to get involved with all aspects and disciplines within the team;
  • Being organised with a head for planning ahead, alongside being able to adapt and respond when things quickly change;
  • Being bright and curious, and always asking questions to develop your knowledge and understanding;
  • Being prepared to challenge the status quo thoughtfully with tenacity and resilience.  We want to know what you think and feel about what we do, so you can directly influence how we can all improve the quality of our work.  
You’ll also need: 
For this particular role there are some important qualifications and experience we need you to have. These include:
  • GCSE in Maths and English or equivalent at grade 4 or above
  • A ‘Level results in A-C range

What do we offer in return?
A competitive salary and benefits package is a given, but you can also expect:
 
  • A great team and supportive colleagues
  • A strong focus on diversity, inclusion and equal opportunities
  • A programme of wellbeing and mental health support
  • Employer-supported volunteering (ESV)
  • Continuous learning and study support
  • Structured career development
An open mind (especially to new ideas and ways of doing things