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For Companies At a Glance
- Tasks: Manage risk administration and oversee operations for the Underwriting Team.
- Company: Join a leading Global Financial Broking firm in London with a strong reputation.
- Benefits: Enjoy a competitive salary, generous bonuses, and a full benefits package.
- Why this job: Great opportunity to grow your career in insurance operations with a supportive team culture.
- Qualifications: Experience in insurance operations and knowledge of London Market Insurance processes required.
- Other info: This is a permanent role based in London, offering a dynamic work environment.
The predicted salary is between 47000 - 78000 £ per year.
Underwriting Operations Business Partner
Date: 22 Aug 2024
Sector: INSURANCE
Type: Permanent
Location: London
Salary: £55000 – 65000 per annum
Email: brian@taylorjamesresourcing.com
Ref: BT71511
Underwriting Operations Business Partner £highly competitive + bonus
This would be an excellent opportunity for a candidate with insurance operations experience and familiarity with London Market Insurance processes and systems to develop their career and move to a highly regarded underwriters. The company offer a full benefits package including generous on-target bonus of 15%.
The successful candidate will be responsible for the risk administration service delivery by an Outsourced Business Partner, and Underwriting Operations to an Underwriting Team.
Main duties
Oversight of the risk administration Standard Operating Procedures, process flow charts and controls relevant to the Underwriting Teams. Amend documentation annually, or whenever business change is planned.
Act as the key contact, co-ordinator and point of escalation between the Underwriting Team, Underwriting Operations and the Outsourced Business Partner. Respond to queries from all stakeholders to ensure an efficient service is delivered. Attend / lead meetings as required with relevant stakeholders.
Responsible for the management and training of the Underwriting Operations Team members who support the Underwriting Team.
Standardise services alongside other Underwriting Operations Business Partners who are responsible for different Underwriting Teams, to create flexibility in operational support model during peak periods and business needs.
Identify opportunities to automate or outsource further tasks and follow governance processes and testing associated with the changes.
Monitor daily / weekly / monthly KPIs updating Senior Operations and Underwriting Management. Ensure workflows remain in service and maintain a high level of data quality.
Coordinate shared email boxes supporting the Underwriting Team. Triage correspondence and action promptly to avoid backlogs.
Monitor data quality entry by the Outsourced Business Partner and Underwriting Operations Assistants in via sample checks and exceptions reports. Perform root‐cause analysis for any issues.
Support the organisations Board\’s to maintain a corporate culture, policies and procedures that pay due regard to the interests of customers and treats them fairly at all times.
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Contact Detail:
Taylor James Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Operations Business Partner
✨Tip Number 1
Familiarise yourself with the London Market Insurance processes and systems. Understanding these will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the insurance sector, especially those involved in underwriting operations. Attend industry events or join relevant online forums to make connections that could lead to referrals.
✨Tip Number 3
Prepare to discuss your experience in managing teams and overseeing service delivery. Be ready to provide examples of how you've improved processes or handled challenges in previous roles.
✨Tip Number 4
Research the company culture and values of the firm you're applying to. Tailor your conversations during interviews to reflect how your personal values align with theirs, showcasing your fit for the team.
We think you need these skills to ace Underwriting Operations Business Partner
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in insurance operations and familiarity with London Market Insurance processes. Use specific examples that demonstrate your skills in managing risk administration and working with outsourced partners.
Craft a Compelling Cover Letter: Write a cover letter that addresses the key responsibilities of the Underwriting Operations Business Partner role. Emphasise your ability to lead teams, manage stakeholder relationships, and improve operational efficiency through automation or outsourcing.
Showcase Your Achievements: In both your CV and cover letter, include quantifiable achievements that reflect your success in previous roles. For instance, mention any KPIs you have improved or successful projects you have led that align with the job description.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial in the underwriting operations field.
How to prepare for a job interview at Taylor James Resourcing
✨Know Your Insurance Operations
Make sure you brush up on your knowledge of insurance operations, especially within the London Market. Be prepared to discuss specific processes and systems you've worked with, as this will demonstrate your familiarity and expertise in the field.
✨Showcase Your Communication Skills
As a key contact and coordinator, strong communication skills are essential. Prepare examples of how you've effectively communicated with stakeholders or resolved conflicts in previous roles. This will highlight your ability to manage relationships and lead meetings.
✨Demonstrate Problem-Solving Abilities
Be ready to discuss instances where you've identified opportunities for automation or process improvement. Highlight your analytical skills by sharing examples of root cause analysis you've performed and how it led to better outcomes.
✨Emphasise Team Management Experience
Since you'll be managing and training the Underwriting Operations Team, it's crucial to showcase your leadership experience. Share specific examples of how you've supported team members and contributed to a positive team culture in your past roles.
