799794 - Assistant Underwriter

Assistant Underwriter

Summary

Supports the Senior Manager, Underwriting in managing the profitability of your Line of Business by assisting Underwriters, monitoring rate adequacy of all business written or handled  for your Line of Business.

Has experience in developing and supporting the Line of Business in accordance with the requirements of an agreed Business Plan.

 Primary Duties and Responsibilities

Supports the overall profitability, growth and retention of the Line of Business and consistency of all related underwriting initiatives.

Ensures that business is written in accordance with the Company’s policies, procedures and controls (including audit requirements) at all times, and adheres to Lloyd’s Underwriting Management Standards ensuring business is only accepted in accordance with:
- the individual’s underwriting authority where relevant, with approval under the Lloyd’s Individual Registration Byelaw
- the Unit’s business plan for the relevant year

Utilises appropriate systems to accurately enter quotes, risks and endorsements, so as to ensure correct management, statistical and regulatory reporting.

Assists the underwriters on a day to day basis to ensure a timely and professional service to clients.

Promotes Travelers Line of Business, distribution strategy and philosophy and provides guidance on the Company's underwriting philosophy, procedures and requirements by building strong partnerships with Agents, Brokers and Customers.

May gather data and prepare reports to support the professional execution of corporate/business underwriting policies/standards.

Any other reasonable duties including those more specifically detailed in your Underwriting Authority.

Other

Each individual has a responsibility for:

Adhering to the Company’s polices and procedures, including amongst others:

Actively engage in risk identification, assessment, control, and reporting including issue / loss reporting. Manage potential risk within risk appetite, if applicable

Complying with Travelers Companies Code of Business Conduct and Ethics and HR polices and procedures

Ensuring adherence to Travelers Companies Code of Business Excellence Policy and Procedures and delivering high quality service to our brokers and customers in line with our service standards

Handing Complaints in accordance with Company guidelines and your Personal Authority

Complying with FSA, Financial Regulatory and Sarbanes Oxley guidelines

Complying with Travelers commitment to Treat Customers Fairly throughout the product life cycle

Keeping adequate records of all transactions undertaken with our brokers and customers