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- Tasks: Support Underwriters by processing risks and conducting compliance checks.
- Company: Dynamic insurance firm focused on political violence and terrorism.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity for career growth in a fast-paced, supportive team.
- Why this job: Gain valuable underwriting skills while making a real impact in the insurance industry.
- Qualifications: Basic understanding of insurance principles and strong analytical skills.
The predicted salary is between 36000 - 60000 £ 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 - Political Violence & Terrorism in 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 - Political Violence & Terrorism in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working in underwriting or related fields. 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 insurance principles and underwriting processes. We recommend practising common interview questions and scenarios related to political violence and terrorism.
✨Tip Number 3
Showcase your analytical skills! Be ready to discuss how you’ve tackled problems in the past. Use examples that highlight your ability to process data and make informed decisions.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Underwriting Assistant - Political Violence & Terrorism in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight any relevant underwriting or insurance knowledge you have, and don’t forget to showcase your analytical and problem-solving skills!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're interested in the Underwriting Assistant role and how your background aligns with our business objectives. Keep it concise but engaging!
Showcase Your Communication Skills: Since effective communication is key in this role, make sure your application demonstrates your ability to build rapport and liaise with others. Use clear language and structure your application well to reflect this skill.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Africa Specialty Risks
✨Know Your Underwriting Basics
Before the interview, brush up on your understanding of insurance principles and underwriting processes. Familiarise yourself with the types of insurance products relevant to political violence and terrorism. This will show that you’re not just interested in the role but also understand the industry.
✨Prepare for Data Discussions
Since the role involves preparing figures and statistics, be ready to discuss your experience with data analysis. Think of examples where you've successfully managed data or reports, and how you ensured accuracy. This will demonstrate your analytical skills and attention to detail.
✨Showcase Your Communication Skills
Effective communication is key in this role, especially when liaising with brokers and service providers. Prepare to share examples of how you've built rapport in previous roles. Practising clear and concise explanations of complex topics can help you stand out.
✨Demonstrate Your Curiosity
Intellectual curiosity is a must-have trait for this position. Be prepared to ask insightful questions about the company’s approach to risk management and how your role contributes to their objectives. This shows that you’re engaged and eager to learn more about the business.