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- Tasks: Identify inefficiencies in underwriting processes and support project delivery with operational insights.
- Company: Alchemy Technology Services Ltd, a leader in the London Market.
- Benefits: Hybrid working, competitive salary, and opportunities for professional growth.
- Why this job: Make a real impact by improving underwriting processes in a dynamic consulting environment.
- Qualifications: Minimum two years' experience in the Lloyd's market and strong teamwork skills.
- Other info: Engage in diverse tasks and enjoy excellent career development opportunities.
The predicted salary is between 36000 - 60000 £ per year.
This role is designed for someone with at least two years of hands-on experience in the Lloyd’s market - such as an Underwriting Assistant, Premium Technician, Operations Technician, or similar - who is ready to apply their practical knowledge in a consulting environment. You will use your real-world operational experience to help clients improve underwriting processes, strengthen controls, and enhance day-to-day efficiency. Working independently on assigned tasks, and supported by senior team members, you will contribute operational insight, perform analysis, and support project delivery across a range of client engagements.
What you’ll do:
- Identify operational inefficiencies and pain points in underwriting or premium processes using practical market experience.
- Explain and validate as-is underwriting or premium workflows to support senior consultants during process reviews.
- Assist with Lloyd’s Principles (formerly Minimum Standards) checks and other compliance activities by performing operational reviews and data quality checks.
- Help clients understand and operationalise housekeeping reports, routine controls, and compliance checks.
- Provide London Market operational context during system implementations, based on real-world experience of how underwriting and premium processes work.
- Support Test Analysts by executing test scripts, validating workflows, and logging defects (without designing test scenarios).
- Attend client workshops and meetings to provide operational insight while senior consultants lead facilitation and requirements gathering.
- Capture meeting notes, actions, and observations to support PMO and BA colleagues.
- Contribute operational detail to client deliverables such as findings summaries, observations, or simple analysis.
- Conduct market research on underwriting tools, operational models, and market practices to support senior team members.
- Assist with project coordination tasks such as maintaining action logs, preparing materials, and following up on information requests.
What we’re looking for:
- Minimum of two years’ experience in the Lloyd’s market (e.g. underwriting support, premiums, operations, delegated authority, shared services, BPO).
- Strong understanding of the Lloyd’s and specialty insurance lifecycle.
- Ability to read and interpret slips (MRCs).
- Hands-on knowledge of underwriting or premium processing workflows.
- Practical understanding of market procedures, controls, and operational processes.
- Ability to work independently on assigned tasks while seeking support when needed.
- Solutions-oriented mindset with strong critical thinking skills.
- Willingness to get involved in a variety of tasks regardless of title or seniority.
- Interest in transformation, operational improvement, and project-based work.
- Strong teamwork and communication skills.
- Ability to clearly articulate how as-is processes work based on real operational experience.
- Experience in strategy, change initiatives, or stakeholder-facing roles within a syndicate, managing agent, or broking house.
- Exposure to system implementations, operational improvement projects, or transformation programmes.
Underwriting Operations Specialist in City of London employer: Alchemy Technology Services
Contact Detail:
Alchemy Technology Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Operations Specialist in City of London
✨Network Like a Pro
Get out there and connect with folks in the Lloyd’s market! Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your hands-on experience in underwriting operations. Share specific examples of how you've improved processes or tackled challenges. We want to see that practical knowledge shine through!
✨Be Ready for the Interview
Prepare for those interviews by brushing up on your understanding of the Lloyd’s insurance lifecycle and operational processes. We recommend practising common interview questions and having a few insightful questions ready to ask them too. It shows you’re genuinely interested!
✨Apply Through Our Website
Don’t forget to check out our website for job openings at Alchemy Technology Services Ltd. Applying directly through us can give you an edge, as we’re always on the lookout for candidates who are passionate about operational improvement and transformation in the Lloyd’s market.
We think you need these skills to ace Underwriting Operations Specialist in City of London
Some tips for your application 🫡
Show Off Your Experience: Make sure to highlight your hands-on experience in the Lloyd’s market. We want to see how your background as an Underwriting Assistant or similar roles has prepared you for this position.
Be Clear and Concise: When writing your application, keep it straightforward. We appreciate clarity, so avoid jargon and get straight to the point about your skills and experiences that relate to the role.
Tailor Your Application: Don’t just send a generic application! We love when candidates take the time to tailor their applications to our specific job description. Show us how your skills align with what we’re looking for.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss any important updates from us!
How to prepare for a job interview at Alchemy Technology Services
✨Know Your Lloyd's Market Inside Out
Make sure you brush up on your knowledge of the Lloyd’s market and its processes. Be ready to discuss your hands-on experience in underwriting or premium processing workflows, as this will show that you understand the ins and outs of the role.
✨Prepare Real-World Examples
Think of specific instances where you've identified operational inefficiencies or improved processes in your previous roles. Sharing these examples will demonstrate your practical knowledge and problem-solving skills, which are crucial for this position.
✨Familiarise Yourself with Compliance Standards
Since the role involves compliance activities, it’s essential to understand Lloyd’s Principles and how they apply to underwriting processes. Be prepared to discuss how you've previously supported compliance checks or operational reviews.
✨Show Your Team Spirit
This role requires strong teamwork and communication skills. Be ready to talk about how you've collaborated with others in past projects, especially in client-facing situations. Highlight your willingness to support senior team members and contribute to project coordination tasks.
