Underwriting Assistant

Posted 13 March by Arthur
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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

Reference: 40154958

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