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- Tasks: Support Underwriters by processing risks and ensuring compliance checks.
- Company: Dynamic insurance firm focused on growth and innovation.
- Benefits: Competitive salary, flexible hours, and opportunities for professional development.
- Other info: Join a supportive team with excellent career advancement potential.
- Why this job: Gain valuable experience in the insurance industry while developing your skills.
- Qualifications: Basic understanding of insurance principles and strong communication skills.
The predicted salary is between 25000 - 35000 £ per year.
Role Purpose: Support the execution of the business plan by accepting the risks and processing them (including carrying out all the relevant compliance checks, gathering all the data) in order to create a short pack for the Underwriters’ review. Supporting the Underwriting process, focusing on developing underwriting skills and technical knowledge whilst assisting Underwriters to manage existing accounts and future growth successfully.
Role Responsibilities:
- Prepare and report figures and statistics to the Underwriters (London, Mauritius and Dubai) on an ad hoc basis
- Prepare compliance terms for underwriter’s authorisation
- Ensure accurate entry of risks onto the underwriting system and pricing models
- Ensure accurate entry of policy aggregate information onto the relevant software and spreadsheets, as required
- Copy/scan slips and other risk information as requested
- Ensure the syndicate records and files are maintained efficiently
- Monitor aggregate exposures of live risks on a daily basis and report to Underwriters
- Liaise with brokers and service providers as appropriate and directed by senior team members
- Assist underwriters in delivery of their accountabilities and support with the efficient operation of the business, as directed by underwriters
- Maintain all underwriting records accurately and efficiently
- Demonstrate awareness of, and adherence to:
- data governance framework; escalating material issues in a timely manner
- risks in your area; working within the parameters of the framework, including recording of losses or near misses
- the document management policy, whether as document author, reviewer, or user
Skills & Experience:
Essential:
- Understanding of business objectives and the market in which we operate
- A basic understanding of insurance principles, key disciplines of underwriting and claims, types of insurance products, and underwriting processes
- Ability to plan and organise own role effectively
- Demonstrated analytical and problem solving skills
- Effective communication and rapport building skills
- Intellectual curiosity
Desirable:
- Good understanding of risk management and governance framework and how own role fits into it.
- Ability to be assertive when appropriate.
- Influencing skills
Underwriting Assistant - Insurance in City of London employer: Africa Specialty Risks
Contact Detail:
Africa Specialty Risks Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Assistant - Insurance in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those working as Underwriters or in similar roles. A friendly chat can lead to valuable insights and even job leads.
✨Tip Number 2
Prepare for interviews by brushing up on your understanding of underwriting principles and compliance checks. We want you to show off your analytical skills and problem-solving abilities when it counts!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your career goals. Use our website to find roles that excite you and match your skills. Tailor your approach to each company’s culture and values.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind. It shows your enthusiasm for the role and gives you another chance to highlight your fit for the position.
We think you need these skills to ace Underwriting Assistant - Insurance in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriting Assistant role. Highlight any relevant experience or skills that match the job description, like your understanding of insurance principles and analytical skills. We want to see how you fit into our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're interested in the role and how your background aligns with our business objectives. Keep it concise but engaging – we love a bit of personality!
Showcase Your Skills: In your application, don’t forget to showcase your problem-solving abilities and effective communication skills. Give examples of how you've used these in past roles, as they’re key for supporting our Underwriters and managing accounts.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it’s super easy!
How to prepare for a job interview at Africa Specialty Risks
✨Know Your Insurance Basics
Before the interview, brush up on your understanding of insurance principles and underwriting processes. Familiarise yourself with key terms and concepts that are relevant to the role, as this will show your enthusiasm and readiness to contribute.
✨Prepare for Compliance Questions
Since compliance is a big part of the job, be ready to discuss how you would handle compliance checks and data governance. Think of examples from your past experiences where you ensured accuracy and adherence to regulations.
✨Showcase Your Analytical Skills
The role requires strong analytical abilities, so prepare to discuss how you've used these skills in previous roles. Bring specific examples of how you've solved problems or reported figures effectively, as this will demonstrate your capability.
✨Build Rapport with Interviewers
Effective communication is key in this role. Practice your interpersonal skills by engaging in mock interviews. Show genuine interest in the interviewers' experiences and insights about the company, which can help you build a connection during the interview.