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Arthur
,
London, Greater London
Underwriting Assistant
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Job Type: Full-time |
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Overview
Underwriting Client Audits - Chasing brokers for premiums and renewals. Key Relationships - General liaison with clients and other Divisions of the organisation. Capacity - Establish and maintain knowledge of internal controls and all procedures relating to underwriting. Evaluation and Control - Processing and checking of data entry onto relevant systems. Query Management - To monitor and control queries, seeking advice where required. Business Development - Pre-underwriting calculations and work as directed by the Underwriter. Peer review - To attend peer review meetings and participate in discussions on risks written within the division. Rotation - opportunities to work with different underwriting teams depending on team requirements. Operations Maintain and monitor the flow of work between underwriting teams and the service provider to ensure items are addressed in a timely and accurate manner. Identify issues and implement appropriate remedial action including training of new and existing staff. Identify and implement opportunities for streamlining underwriting activity, including increased use of the service provider. Ensure Standard Operating Procedures and User Guides accurately reflect current procedures. Help to facilitate and monitor any new activities that are transitioned out to the service provider. Assist with the investigation and resolution of any data quality issues that are raised. Assist with the testing and roll out of new IT initiatives. Business Planning Producing and collate data for business planning and reinsurance programme purposes. Understand and ensure that the strategy is fully supported Compliance To assist the team in the preparation of statistics, analyses of business trends and new business proposals, for use within team and for reporting purposes to senior management: e.g. Income analysis, Loss Ratio reports etc. Regulatory Issues - To be aware of the regulatory impact and ensure underwriting activity is always within the guidelines. To maintain all underwriting records and ensure quality of entries into Eclipse and other systems as appropriate. Job Requirements and Experience Educated to degree level or equivalent, having obtained a good overall grade in a relevant subject Progression towards the ACII professional qualification Sound knowledge of general, commercial insurance practices Commercial awareness, with a knowledge of the insurance market and external changes which would impact on our business Excellent numeric, analytical and written skills Excellent communication skills, both written and oral