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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 opportunities.
- Why this job: Gain valuable experience in underwriting while making a real impact in the insurance industry.
- Qualifications: Basic understanding of insurance principles and strong analytical 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 (incl. 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 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
✨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 underwriting knowledge. Familiarise yourself with key principles and processes so you can confidently discuss how you can support the team and contribute to their goals.
✨Tip Number 3
Showcase your analytical skills! Be ready to share examples of how you've tackled problems in the past. This will demonstrate your ability to support Underwriters effectively and manage risks.
✨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 joining our team.
We think you need these skills to ace Underwriting Assistant - Insurance
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 experience in underwriting or insurance, 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 and professional language throughout your application.
Apply Through Our Website: We encourage you to apply directly through our website for a smoother process. It helps us keep track of applications and ensures you’re considered for the role without any hiccups!
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, as this will show your potential employer that you’re genuinely interested in the field and ready to contribute.
✨Showcase Your Analytical Skills
Prepare examples from your past experiences where you've demonstrated strong analytical and problem-solving skills. Be ready to discuss how you approached a challenge, what data you used, and the outcome. This will highlight your ability to support the underwriting process effectively.
✨Communicate Effectively
Practice your communication skills before the interview. Think about how you can clearly explain complex ideas or data to someone who may not have your technical background. Good rapport-building skills are essential, so be friendly and approachable during your conversation.
✨Understand the Company’s Objectives
Research the company’s business objectives and the market they operate in. Being able to discuss how your role as an Underwriting Assistant fits into their goals will demonstrate your enthusiasm and commitment to supporting their success.