A leading City based Lloyds Underwriters seeks an Underwriting Assistant/Analyst to support its Underwriting Management function with a focus on reporting, processing, controls and operations applicable to the business underwritten by the syndicate and the Service Companies on a day-to-day basis. Candidates will have 1-3 years experience in an Insurance role, that is supporting with technical and analytical duties.
Assist in handling the regular management reporting to support the Underwriting Management of the Syndicate, including the production and analysis of current regular reports and the development and enhancement of reporting.
Maintain relevant underwriting management procedures and processes, including those applicable to the service companies.
Prepare reports for regulatory returns and make use of appropriate reporting tools and data warehouse/s in order to automate and streamline underwriting reporting across the business.
Assist with the Syndicate's credit control function, working with the Senior Underwriting Support Analyst to process reports
Prepare standard and ad-hoc reports and KPIs for the Underwriting & Claims committee
Assist with relevant reports to Lloyd's and the PRA/FCA and also internal and/or external project initiatives.
Be responsible for the annual self-assessment of Lloyd's Minimum Underwriting Standards.
Assist in co-ordinating underwriting audits by Lloyd's, and the wider Group including the preparation and presentation of required underwriting information.
Ensure that relevant underwriting procedures and systems are maintained and updated in accordance with changes to Syndicate or Group matters and provide administrative support for the department.
Liaise with the business to ensure that any applicable recommendation points arising from internal and/or external audits, compliance reviews etc. are dealt with satisfactorily.
Manage the recording of Employers' Liability policies on syndicate systems and the subsequent regulatory reporting to the Employers' Liability Tracing Office (ELTO).
Research and respond to queries received related to the ELTO database.