Location: London
Salary: Competitive
About The Role
To support the Offshore division through defined administrative responsibilities, providing support within Underwriting Controls and utilise the Underwriting Authority granted, within the set parameters, and ensuring compliance with regulatory and Company standards.
Responsibilities:
- Oversee the work completed by members of the Underwriting Operations department.
- Perform the following administrating tasks as directed by Underwriting team:
- Data entry into Underwriting systems within a timely fashion;
- Assist in USM matching;
- Ensure all tasks are completed for month-end close; and
- Provide training where applicable.
- Log all bound and quoted risks into the business log immediately.
- Ensure that Underwriting files are complete and accurate. Obtain any outstanding items from the broker or underwriter in readiness for Peer Review.
- Ensure that signings are accurate and are consistent with written confirmations.
- Assist the Credit Control team in investigating outstanding premium, resolving queries and controlling aged debt.
- Produce standard and ad-hoc reporting through the EDW ensuring these are accurate and fit for purpose.
- Assist with company projects as required.
- Ensure that the Peer Review is complete within 30 working days from QA by communicating with the Underwriter.
- Provide PBQA and Contract Certainty oversight ensuring that potential issues are escalated through the appropriate channels.
- Monitor lineslips and binders ensuring that bordereaux/declarations are received and recorded in a timely and accurate fashion.
- Conduct research and analysis on individual transactions of interest.
- Liaise with brokers to discuss new transactions
- Follow up with brokers on outstanding quotes and renewals as directed by the Underwriting team.
- Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately.
This is the perfect opportunity for a candidate who has 1 – 2 years’ experience in General Insurance or the London Market and is looking to attain CII qualifications, or a recent graduate / well-qualified school/college leaver. We are looking for a candidate who is highly numerate and demonstrates a passion for developing their knowledge of this technical class. The successful candidate will possess strong interpersonal skills in order to build good relationships with brokers and excellent IT and analytical skills. They should also demonstrate a high attention to detail.