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- Tasks: Join our team as an Underwriting Assistant, handling admin duties and supporting underwriters.
- Company: Be part of a leading Lloyd's Syndicate in the heart of London.
- Benefits: Gain valuable experience in the insurance industry with potential for growth.
- Why this job: Perfect entry-level role for those passionate about political violence and terrorism insurance.
- Qualifications: Ideal for candidates with internship experience in Lloyd's or strong insurance knowledge.
- Other info: Opportunity to work in a dynamic team and develop essential skills.
The predicted salary is between 36000 - 60000 £ per year.
New Vacancy: Underwriting Assistant (Political Violence & Terrorism)Lloyd\’s Syndicate City of London I\’m currently recruiting for a leading Lloyd\’s Syndicate seeking an Underwriting Assistant to join their growing Political Violence and Terrorism team.This is an entry level role, ideally suited to someone with Lloyd\’s experience from an internship/work experience level, however this isn\’t essential. Strong knowledge of the insurance space is desirable and this role will entail admin Underwriting duties and more. Key Responsibilities: Prepare and deliver figures and statistics to underwriters across multiple locations on an ad hoc basis. Draft compliance terms for underwriter approval. Accurately input risks and policy aggregate data into underwriting systems and pricing models. Copy, scan, and manage slips and other risk-related documents as required. Maintain syndicate records and files efficiently. Monitor daily risk aggregate exposures and provide timely reports to underwriters. Liaise with brokers and service providers under the guidance of senior team members. Support underwriters in fulfilling their responsibilities and ensure smooth business operations. Maintain accurate and organised underwriting records. Adhere to data governance frameworks, escalate issues as needed, and comply with risk and document management policies. Operate within defined…
Underwriting Assistant - PV & Terrorism employer: High Finance (UK) Limited T/A HFG
Contact Detail:
High Finance (UK) Limited T/A HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Assistant - PV & Terrorism
✨Tip Number 1
Familiarize yourself with the Lloyd's market and its specific practices. Understanding how Lloyd's operates will give you a significant advantage during interviews and discussions.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work in political violence and terrorism underwriting. Attend relevant events or join online forums to make connections that could help you learn more about the role.
✨Tip Number 3
Stay updated on current events related to political violence and terrorism. Being knowledgeable about recent developments can demonstrate your interest and commitment to the field during conversations with potential employers.
✨Tip Number 4
Prepare to discuss your organizational skills and attention to detail, as these are crucial for managing underwriting records and compliance terms. Think of examples from past experiences where you've successfully demonstrated these skills.
We think you need these skills to ace Underwriting Assistant - PV & Terrorism
Some tips for your application 🫡
Understand the Role: Make sure you fully understand the responsibilities of an Underwriting Assistant in the Political Violence and Terrorism team. Tailor your application to highlight any relevant experience or skills that align with these duties.
Highlight Relevant Experience: If you have any internship or work experience related to Lloyd's or the insurance industry, be sure to emphasize this in your CV and cover letter. Even if it's not directly related, showcase transferable skills that demonstrate your capability for the role.
Craft a Strong Cover Letter: Write a compelling cover letter that explains why you are interested in this position and how your background makes you a suitable candidate. Mention your understanding of the insurance space and your eagerness to learn more about underwriting.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial in underwriting roles.
How to prepare for a job interview at High Finance (UK) Limited T/A HFG
✨Show Your Knowledge of the Insurance Industry
Make sure to brush up on your understanding of the insurance space, especially regarding political violence and terrorism. Being able to discuss current trends or recent events in this area will demonstrate your interest and knowledge.
✨Highlight Relevant Experience
Even if you don't have direct experience, mention any internships or work experiences that relate to underwriting or the insurance sector. Discuss specific tasks you performed that align with the responsibilities listed in the job description.
✨Prepare for Technical Questions
Expect questions about data management and compliance terms. Be ready to explain how you would handle data input and risk assessment, as these are crucial parts of the role.
✨Demonstrate Strong Organizational Skills
Since the role involves maintaining accurate records and managing documents, be prepared to discuss how you stay organized and manage multiple tasks efficiently. Share examples from past experiences where you successfully handled similar responsibilities.
