Underwriting Assistant (Tech Offshore)
Underwriting Assistant (Tech Offshore)

Underwriting Assistant (Tech Offshore)

Full-Time 28800 - 43200 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support the Offshore division with administrative tasks and underwriting controls.
  • Company: Join Starr Insurance, a global leader in insurance and investment since 1919.
  • Benefits: Enjoy first-class training, development opportunities, and an inclusive work environment.
  • Why this job: Be part of a fast-growing company making a global impact in the insurance industry.
  • Qualifications: No specific qualifications required; just a willingness to learn and grow.
  • Other info: We value diversity and are committed to creating an inclusive workplace.

The predicted salary is between 28800 - 43200 £ per year.

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world. Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world's fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.

Role Purpose

To support the Offshore division through defined administrative responsibilities, providing support within Underwriting Controls and utilise the Underwriting Authority granted, within the set parameters, and ensuring compliance with regulatory and Company standards.

Responsibilities:

  • Oversee the work completed by members of the Underwriting Operations department.
  • Perform the following administrative tasks as directed by the Underwriting team:
  • Data entry into Underwriting systems within a timely fashion;
  • Assist in USM matching;
  • Ensure all tasks are completed for month-end close; and
  • Provide training where applicable.
  • Log all bound and quoted risks into the business log immediately.
  • Ensure that Underwriting files are complete and accurate. Obtain any outstanding items from the broker or underwriter in readiness for Peer Review.
  • Ensure that signings are accurate and are consistent with written confirmations.
  • Assist the Credit Control team in investigating outstanding premium, resolving queries and controlling aged debt.
  • Produce standard and ad-hoc reporting through the EDW ensuring these are accurate and fit for purpose.
  • Assist with company projects as required.
  • Ensure that the Peer Review is complete within 30 working days from QA by communicating with the Underwriter.
  • Provide PBQA and Contract Certainty oversight ensuring that potential issues are escalated through the appropriate channels.
  • Monitor lineslips and binders ensuring that bordereaux/declarations are received and recorded in a timely and accurate fashion.
  • Conduct research and analysis on individual transactions of interest.
  • Liaise with brokers to discuss new transactions.
  • Follow up with brokers on outstanding quotes and renewals as directed by the Underwriting team.
  • Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately.
  • Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.

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    Contact Detail:

    Energy Job Search Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Underwriting Assistant (Tech Offshore)

    ✨Tip Number 1

    Familiarise yourself with the insurance industry, particularly in underwriting processes. Understanding the basics of underwriting and the specific requirements for the Offshore division will give you a solid foundation to discuss during interviews.

    ✨Tip Number 2

    Network with professionals in the insurance sector, especially those working in underwriting roles. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the company culture at Starr Insurance Companies.

    ✨Tip Number 3

    Prepare to demonstrate your organisational skills and attention to detail, as these are crucial for the role. Think of examples from your past experiences where you successfully managed data entry or administrative tasks under tight deadlines.

    ✨Tip Number 4

    Research Starr Insurance Companies thoroughly, including their values and recent projects. Being able to articulate why you want to work for them specifically will show your genuine interest and help you stand out during the interview process.

    We think you need these skills to ace Underwriting Assistant (Tech Offshore)

    Data Entry Skills
    Attention to Detail
    Regulatory Compliance Knowledge
    Communication Skills
    Analytical Skills
    Time Management
    Problem-Solving Skills
    Training and Development Skills
    Reporting Skills
    Research Skills
    Team Collaboration
    Financial Acumen
    Knowledge of Underwriting Processes
    Proficiency in Underwriting Software

    Some tips for your application 🫡

    Understand the Role: Read the job description thoroughly to understand the responsibilities and requirements of the Underwriting Assistant position. Tailor your application to highlight relevant skills and experiences that align with the role.

    Craft a Strong CV: Ensure your CV is up-to-date and clearly outlines your relevant experience, particularly in administrative tasks, data entry, and any previous roles in underwriting or insurance. Use bullet points for clarity and impact.

    Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific examples of how your skills and experiences make you a great fit for the Underwriting Assistant position, especially in relation to compliance and regulatory standards.

    Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for the role.

    How to prepare for a job interview at Energy Job Search

    ✨Understand the Role

    Make sure you have a clear understanding of the responsibilities of an Underwriting Assistant. Familiarise yourself with tasks like data entry, compliance checks, and communication with brokers. This will help you demonstrate your knowledge during the interview.

    ✨Showcase Your Attention to Detail

    Since accuracy is crucial in underwriting, be prepared to discuss examples from your past experiences where your attention to detail made a difference. Highlight any relevant experience in administrative roles or data management.

    ✨Prepare for Technical Questions

    Expect questions related to underwriting processes and systems. Brush up on industry terminology and be ready to explain how you would handle specific scenarios, such as managing outstanding premiums or ensuring compliance with regulations.

    ✨Demonstrate Your Communication Skills

    As the role involves liaising with brokers and team members, be ready to showcase your communication skills. Practice articulating your thoughts clearly and concisely, and think of examples where effective communication led to successful outcomes.

    Underwriting Assistant (Tech Offshore)
    Energy Job Search
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