Insurance Operations Associate
Insurance Operations Associate

Insurance Operations Associate

Redhill Full-Time 30000 - 42000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support underwriting processes and manage documentation for insurance operations.
  • Company: Join Travelers, a leading property casualty insurer with over 160 years of excellence.
  • Benefits: Enjoy hybrid work options, 25+ days holiday, private medical insurance, and wellness programmes.
  • Why this job: Be part of a collaborative culture focused on innovation and community impact.
  • Qualifications: Previous insurance experience or studies, strong communication skills, and a customer-centric mindset.
  • Other info: Opportunities for professional development and community involvement through volunteering.

The predicted salary is between 30000 - 42000 £ per year.

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category Operations Target Openings 1 What Is the Opportunity? We are looking for an Operations Associate to join our Ops team based in Redhill, Surrey.

The Operations Associate plays a crucial role in helping to deliver and maintain production services that are aligned with the Travelers Europe\’s strategic goals.

This role helps to provide comprehensive administrative support to facilitate underwriting processes, delivering new business quotes, renewal terms, and endorsements across all lines of business.

This role involves maintaining standard operating procedures, engaging in operational and regulatory reporting, resolving customer inquiries, and contributing to operational change initiatives.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.What Will You Do?

Underwriting Lifecycle Management:

  • Thoroughly review all in-scope submissions and processes these in line with agreed service levels.
  • Execute tasks related to the underwriting lifecycle, including new business and renewal quote preparation, submissions analysis, policy debiting and issuance, slip recording, endorsements, lapses adjustments, null declarations, and notice of cancellations.
  • Manage account documentation, including quotations, actuarial pricing models, reinsurance contracts, endorsements, and cancellations.

Data Records and Document Management:

  • Ensure underwriting information submitted electronically is stored and updated, within service levels.
  • Process underwriting premium corrections efficiently and liaise with underwriters and brokers, as required.
  • Perform data cleansing and input additional risk information, ensuring accuracy in data quality.
  • Complete exception reporting and exceptions clearance to maintain accurate records in our underwriting systems of record.
  • Provide the Claim department with account coverage information as requested.

Standard Operating Procedures and Training:

  • Create and maintain standard operating procedures in the agreed format.
  • Deliver training and support to onshore and offshore colleagues and business partners.

Regulatory Compliance and Miscellaneous:

  • Meet all regulatory requirements (e.g., treating customers fairly) and align with Travelers Europe values and capabilities.
  • Ensure compliance with sales, marketing, underwriting, and regulatory guidelines.
  • Perform other assigned duties, as required.

What Will Our Ideal Candidate Have?

  • Previous experience in the insurance industry; studying towards professional insurance qualifications.
  • General knowledge of commercial insurance products and policies.
  • Strong written and verbal communication skills.
  • Ability to develop effective working relationships across the organization.
  • Customer-centric approach.
  • Process improvement mindset and adaptability to change.
  • Computer proficiency and familiarity with various applications.
  • Highly motivated, capable of independent work, and very comfortable in a team environment.
  • Detail-focused with a high degree of accuracy in work.

What Is in It for You?

  • Private Medical Insuran ce:On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
  • Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
  • Holiday Entitlement:Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
  • Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
  • Volunteer Encouragement:We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/ .

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Insurance Operations Associate employer: Travelers

At Travelers, we pride ourselves on fostering a collaborative and innovative work culture that prioritises the well-being of our employees and the communities we serve. As an Insurance Operations Associate in Redhill, Surrey, you will benefit from a minimum of 25 days holiday, private medical insurance, and a robust wellness programme, all while enjoying the flexibility of hybrid working arrangements. With ample opportunities for professional growth and a commitment to diversity, Travelers is an exceptional employer for those seeking meaningful and rewarding careers in the insurance industry.
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Contact Detail:

Travelers Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Insurance Operations Associate

✨Tip Number 1

Familiarise yourself with the underwriting lifecycle and the specific processes mentioned in the job description. Understanding these will help you speak confidently about how you can contribute to the team during interviews.

✨Tip Number 2

Network with current or former employees of Travelers, especially those in operations roles. They can provide insights into the company culture and expectations, which can be invaluable during your application process.

✨Tip Number 3

Demonstrate your customer-centric approach by preparing examples of how you've successfully resolved customer inquiries or improved processes in previous roles. This will show that you align with Travelers' values.

✨Tip Number 4

Stay updated on regulatory compliance in the insurance industry. Being knowledgeable about current regulations will not only impress during interviews but also show your commitment to the role and the company.

We think you need these skills to ace Insurance Operations Associate

Knowledge of Commercial Insurance Products
Underwriting Lifecycle Management
Data Records and Document Management
Regulatory Compliance
Strong Written and Verbal Communication Skills
Customer-Centric Approach
Process Improvement Mindset
Attention to Detail
Computer Proficiency
Ability to Develop Effective Working Relationships
Adaptability to Change
Training and Support Delivery
Problem-Solving Skills
High Degree of Accuracy in Work

Some tips for your application 🫡

Understand the Role: Before applying, make sure you thoroughly understand the responsibilities of the Insurance Operations Associate position. Familiarise yourself with underwriting processes and the importance of data management in insurance operations.

Tailor Your CV: Customise your CV to highlight relevant experience in the insurance industry. Emphasise any previous roles that involved administrative support, customer service, or data management, as these are key aspects of the job.

Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the insurance sector and your understanding of the company's values. Mention specific skills that align with the job description, such as strong communication abilities and a customer-centric approach.

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

How to prepare for a job interview at Travelers

✨Know Your Insurance Basics

Make sure you brush up on your knowledge of commercial insurance products and policies. Being able to discuss these confidently will show that you have a solid foundation for the role.

✨Demonstrate Your Customer-Centric Approach

Prepare examples from your past experiences where you successfully resolved customer inquiries or improved customer satisfaction. This will highlight your ability to align with the company's values.

✨Showcase Your Attention to Detail

Since the role requires a high degree of accuracy, be ready to discuss how you ensure precision in your work. Mention any specific tools or methods you use to maintain data quality.

✨Be Ready for Process Improvement Discussions

Think about times when you've contributed to process improvements in previous roles. Be prepared to share these examples, as adaptability to change is key for this position.

Insurance Operations Associate
Travelers

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