Location London/ Hybrid
Salary £32,000 per annum
About the role
To assist Underwriters to hit or exceed the business plan underwriting profit target in respect of business class whilst working within the business risk tolerance, pricing and governance framework.
To be aware of and to comply with the PRA Principles for Business and, if applicable, the PRA Senior Managers & Certification Regime
Provide representation, liaison and relationship development with Lloyd’s and market bodies.
Major Goals
- Assist Underwriters to produce class of business underwriting plan in accordance with ASML performance targets
- Support Underwriters writing business on behalf of ASML within personal underwriting authority and in accordance with key business plan targets (i.e. business mix, line utilisation, aggregation, GWP, loss ratios, direct expenses)
- Regularly monitor and review progress against plan with Underwriters/other senior management and through market knowledge and reserving exercise. Propose changes to the plan as appropriate to maximise returns
- Build and maintain good relationships with brokers, clients, regulators as appropriate and deliver high quality service as part of means to deliver profit to ASML and value to customer
- Identify and implement ways to improve the quality of people, and performance of the account through new ideas, processed, approaches, etc.
- Ensure compliance with all Group, regulatory and Lloyd’s requirements
- Where necessary, travel supporting Underwriters and to assist in developing the portfolio
At a high level, key skills and experience required including:
- Communication: Should be able to display well-developed communication and interpersonal skills in order to interact with the team and with internal and external contacts.
- Credibility - Must have a confident and professional attitude and be able to deal with all levels within the business.
- Drive: Be an efficient and effective team member and participate fully to achieve team goals. Keen to learn with an enquiring mind.
- Integrity: Recognise the importance of order and clarity in the workplace and the confidential presentation of work. Demonstrate commitment to the organisation, team and role
- Flexibility: Ability to use their own initiative and be flexible in terms of tasks performed
- written and verbal communication;
- ability to effectively support the underwriting team to achieve its business plan targets;
- understanding of the market and wider environment, including changing political and social environment and potential impacts on the company; and
- understanding of issues or risks to the ability of the company to achieve the business plan.
- understanding of the business, its culture, values and strategic objectives;
- communicating the core culture and value across the company;
- marketing and presenting the business to brokers, clients, capital providers and prospective business partners; and
- establishing and maintaining relationships with senior partners and peers across the market, including Lloyd’s and LMA.
Microsoft packages, Word, Excel, Internet software, e-placing.
Conduct Standards
The following conduct standards prescribed under the Senior Managers & Certification Regime are applied to the role:
- You must act with integrity;
- You must act with due skill, care and diligence;
- You must be open and co-operative with the FCA, the PRA and other regulators;
- You must pay due regard to the interests of customers and treat them fairly;
- You must observe proper standards of market conduct.
- Eagerness to learn
- Hard worker
- Team player
- Good under pressure
- Attention to detail
- Good mathematical & numeracy skills, accuracy and attention to detail.
- Microsoft Excel proficiency – this can be learned on the job but we will expect a high level of proficiency in excel within the first 6 months
- A-level or University
- Preferred 1-year industry experience (any insurance job) but not required
- Additional hobby/interest that can evidence commitment.