At a Glance
- Tasks: Provide top-notch underwriting support and manage accounts in a dynamic team.
- Company: Join a global market leader in the insurance industry.
- Benefits: Comprehensive training, insurance qualifications, and career progression opportunities.
- Other info: Collaborative environment with opportunities to build relationships and develop expertise.
- Why this job: Kickstart your career in underwriting with hands-on experience and expert guidance.
- Qualifications: A-level education or equivalent, with general insurance knowledge and strong IT skills.
The predicted salary is between 30000 - 40000 £ per year.
Join us as an Underwriting Support to take your career to the next level with a global market leader.
How You Will Make An Impact
As a Specialist in our Underwriting Operations Team Marine Cargo, you will be responsible for providing efficient and high-quality underwriting support to the UK Underwriting Teams. You will support the end-to-end underwriting process through regular liaison with other functions to ensure the highest quality of service is delivered to our brokers and clients. This is a fantastic role for someone with good general insurance knowledge who wants to progress their career in underwriting operations. You will be given comprehensive training and the opportunity to complete insurance qualifications.
Key Responsibilities
- Attend Lloyd's of London insurance market, an underwriting "box".
- Manage a portfolio of Accounts.
- Efficiently and accurately ensure all new business and renewal accounts are processed.
- Proactive engagement with Underwriting to ensure new and renewed accounts have an efficient and smooth account hand over, ensuring information received is understood and complete in order to process/instruct policies on systems and to the network.
- Liaise with Underwriters to ensure correct interpretation of data for accuracy and completeness.
- Maintain documentation and files, ensuring all documentation is retained centrally.
- Accountable for (RI) premium, (RI) commission and tax bookings in processing systems.
- Liaise with the Credit Control team – answering queries, tracking, and monitoring premium using core underwriting systems.
- Manage requests originating from clients and brokers, and refer to Underwriting as required.
- Participate in client/broker meetings, as requested by Underwriting.
- Regular interaction with our off-shore team – leading huddles, auditing work, quality control.
- Build strong relationships with internal and external stakeholders.
- Develop expert level knowledge with regards to systems, and processes and keep abreast of new guidelines published.
- Act as reference point for others in the team when questions come up and/or uncertainties exist.
- Support project work to ensure that existing processes meet requirements.
What You’ll Need To Succeed
- Minimum A-level standard of education or equivalent business experience.
- General insurance knowledge.
- Knowledge of Underwriting processes with regards to the following areas: Submission/Quotes, Risk specifics, basic pricing principles, Reinsurance concepts (FAC RI, Captive, Treaties etc.), Domestic market specifics and customs.
- Knowledge of premium allocation principles, (European) cross-border tax calculation & processing specifics as well as insurance accounting principles.
- Strong organisation skills with the ability to prioritise work and meet deadlines.
- Collaborative with the ability to build strong relationships with key internal and external stakeholders.
- Excellent communication skills.
- Strong problem solving skills.
- Attention to detail.
- Strong IT skills – experience of Microsoft Outlook, Word, Excel, Powerpoint, Teams and Power BI would be advantageous.
AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.
Underwriting Support - Maternity Cover 12 moths FTC employer: AIG
AIG is an exceptional employer that prioritises employee development and offers a dynamic work culture within the global insurance market. As an Underwriting Support professional, you will benefit from comprehensive training, opportunities for insurance qualifications, and the chance to engage with industry leaders in the Lloyd's of London market. With a strong emphasis on collaboration and career progression, AIG fosters an inclusive environment where your contributions are valued and recognised.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Support - Maternity Cover 12 moths FTC
✨Tip Number 1
Network like a pro! Reach out to people in the underwriting field, especially those who work at companies you're interested in. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their underwriting processes and be ready to discuss how your skills align with their needs. We want you to shine!
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or family to build confidence. Focus on articulating your general insurance knowledge and how it applies to the role of Underwriting Support.
✨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 Support - Maternity Cover 12 moths FTC
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriting Support role. Highlight your general insurance knowledge and any relevant experience in underwriting processes. We want to see how you can make an impact!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how your skills align with our needs. Keep it concise but engaging – we love a good story!
Show Off Your Skills:Don’t forget to showcase your strong organisation skills and attention to detail in your application. Mention specific examples where you've successfully managed tasks or built relationships with stakeholders.
Apply Through Our Website:We encourage you to apply through our website for the best chance of success. It’s super easy, and you’ll be able to track your application status. Plus, we love seeing applications come directly from our site!
How to prepare for a job interview at AIG
✨Know Your Underwriting Basics
Brush up on your general insurance knowledge and understand the key underwriting processes. Familiarise yourself with terms like reinsurance concepts and premium allocation principles, as these will likely come up during the interview.
✨Showcase Your Communication Skills
Since this role involves liaising with various stakeholders, practice articulating your thoughts clearly. Prepare examples of how you've effectively communicated in past roles, especially in collaborative settings.
✨Demonstrate Organisational Skills
Be ready to discuss how you prioritise tasks and manage deadlines. Think of specific instances where your strong organisational skills made a difference in your work, particularly in high-pressure situations.
✨Engage with Real-World Scenarios
Prepare for situational questions by thinking about how you would handle common challenges in underwriting support. Consider scenarios involving client queries or account management, and be ready to explain your thought process.
