At a Glance
- Tasks: Support Underwriters by processing risks and preparing 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 30000 - 42000 £ 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 Slough 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 Slough
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Underwriting Assistant role.
✨Tip Number 2
Prepare for interviews by brushing up on your underwriting knowledge. Familiarise yourself with insurance principles and the specific risks related to political violence and terrorism. We want you to impress the Underwriters with your understanding!
✨Tip Number 3
Showcase your analytical skills during interviews. Be ready to discuss how you would handle compliance checks or manage data entry efficiently. We love candidates who can think critically and solve problems on the spot!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we’re always looking for passionate individuals who are eager to support our underwriting process.
We think you need these skills to ace Underwriting Assistant - Political Violence & Terrorism in Slough
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 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 impactful!
Showcase Your Communication Skills: Since effective communication is key in this role, make sure your application demonstrates your ability to build rapport and convey information clearly. Use examples from past experiences to illustrate this.
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, as this will show your potential employer that you’re serious about the role.
✨Showcase Your Analytical Skills
Be prepared to discuss examples where you've demonstrated analytical and problem-solving skills. Think of specific situations where you had to gather data or report figures, as this aligns perfectly with the responsibilities of the Underwriting Assistant role.
✨Communicate Effectively
Practice your communication skills before the interview. You’ll need to liaise with brokers and service providers, so being able to articulate your thoughts clearly and build rapport is crucial. Consider role-playing with a friend to refine your approach.
✨Demonstrate Your Curiosity
Show your intellectual curiosity by asking insightful questions about the company’s business objectives and how they relate to the underwriting process. This not only demonstrates your interest in the role but also your understanding of the market dynamics.