Our client is a Global Specialty Excess of Loss Treaty Reinsurance business. Established in London in 2011 – they have since expanded across USA, Central and South America.
They take pride in their exceptional short and long term underwriting results through excellent risk management, transparency, integrity and consistancy.This is an asap start Graduate Underwriting position, based in Central London, paying £25k per annum.
This is a hybrid office/wfh role – however we would advise juniors to be office based at least Tues-Thursday to improve their learning and growth through a more collaborative environment.
This is an excellent opportunity for an ambitious, proactive individual as part of a small, dynamic and successful team.
The Underwriting Assistant role is a critical support role requiring strong attention to detail and a good work ethic whilst providing an exceptional opportunity to learn, progress, and develop a career in underwriting. Career progression and professional qualifications relating to the role will be supported and encouraged.
Day to day responsibilities include:
Risk entry and processing into Underwriting systems
Management of our pipeline and activity tracking
Creation and maintenance of client folders to include filing of correspondence, proposal forms, contracts and supporting documentation
Assist in the pricing of business, involving the review of underwriting submissions, the review of contract wordings and data entry into rating models
Assist in portfolio analysis and research
Internal and external coordination and communications, both written and spoken, in support of efficient and effective risk entry and processing
Provide accurate and timely support to the Underwriting team – especially during key renewal periods
Skills and abilities needed to perform role
Motivated to develop and proactiveness to learn
Ability to work efficiently, accurately and methodically.
A high level of numeracy and literacy.
Strong organisational and prioritisation skills.
Strong interpersonal and communication skills.
Competent IT skills, including but not limited to Microsoft Word, Excel (Intermediate – to vlook up / pivot table level) and PowerPoint.
Organised, with good planning/time management skills to achieve tight deadlines/targets.
Compliance and Regulatory Responsibilities:
To remain compliant with FCA requirements at all times.
To obtain appropriate approvals to ensure compliance with company policy, procedures and regulatory requirements/rules, with regards to data protection, money laundering etc.
To share ideas, best practice and other information within the team.
Ensure that own performance, HR and T&C records are up to date and meet the Company’s requirements.
Maintain accurate records and deal with correspondence appropriately.
Qualifications and experience:
Candidates will ideally have a relevant academic qualification to degree level in a numerate discipline (e.g. Mathematics or an analytical subject) but this is not essential)
Any prior experience in the London Market would be a strong bonus. Experience in treaty re-insurance and Property, Retro, Marine or Speciality classes is useful but is not essential
*No cover letters, please submit your CV to be considered*