Location: London
Salary: Competitive
Summary of Position:
Our Underwriting Assistants are at the heart of everything we do, without them our business would not function.
The Underwriting Assistant is an active member of the underwriting team, supporting the day to day underwriting activities, including risk information, rating risks, CAT modelling and underwriting notes. We are required to manage these tasks smoothly and within the required regulatory parameters.
You will be part of the Power & Utilities team within the Natural Resources division. We write a global portfolio of risks, of varying technology, complexity and size.
The role would also provide a solid foundation and opportunity to develop a career in Underwriting.
Key Responsibilities & Accountabilities:
- Assist underwriters in the office and at Lloyd’s
- Set up references for new & renewal accounts
- Set up risk information folders, rating risks, working on CAT modelling, and presenting information to underwriters
- Ad-hoc projects on book specific data when requested by underwriters
- Remain alert to developments affecting the business of the class. Escalate such matters, as appropriate, to the Senior Underwriters or Underwriting Management
- Make sure all risks are actioned accordingly in S2000 and update our risk tracker which records all offers and our response (written & signed, NTU, declined)
- Act as Team Data Steward working closely with other areas of the business
- Assist late payment reports/ EPI queries (Credit Controllers) & data fitness reports (Compliance)
- Liaise with various internal teams including actuarial and modelling team regarding pricing.
- Manage all queries in a professional and efficient manner
- Accuracy checking & write up notes as part of UW sign-off
- Participate in the monitoring of premium payments and liaise with Brokers and CRT where necessary
- Build relationships with brokers that will assist you in carrying out your role
- Have high attention to detail and accuracy
- Are a strong problem solver
- Have an interest in mechanical and electrical engineering and a keenness to learn. (Qualifications not necessary).
- An enthusiastic self-starter who will take ownership of projects with the ability to work with a large level of autonomy
What you’ll need:
- Demonstrate developed skills in numeracy, MS Excel and task management
- Excellent communication skills
- Self-motivation & strong organisational skills
- Excellent work ethic and a strong desire to be successful
- Graduate Degree with at least a 2:1 in a relevant subject.
- Competitive Base Salary
- Performance Related Discretionary Bonus
- Holiday: 28 days core annual leave, and you can buy up to 5 days
- Pension: A minimum 2% employee contribution plus 7% MS Amlin contribution (9%) up to a maximum of 5% employee contribution plus 13% MS Amlin contribution (18%)
- Private Medical: cover for yourself. Family members/dependants can be added.
- Flex Fund: £1,000 (pro-rated based on start date) to spend on flexible benefits.
- Life Assurance: 5 x annualised base salary
- Enhanced Parental Leave (maternity and paternity): 6 months full pay, entitled from day 1.
- Continuous Learning Approach: Including study support with professional qualifications.
- Employer Supported Volunteering: 3 days volunteering leave.
- Annual health screening
- Give as you earn
- Cycle to work
- Season ticket loan
- Green car scheme
- Retail discount platform