Assistant Underwriter - Accident & Health
Assistant Underwriter - Accident & Health

Assistant Underwriter - Accident & Health

Slough Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support the Accident & Health division with reporting, compliance, and underwriting tasks.
  • Company: Join a global leader in Insurance and Reinsurance within Lloyd's of London.
  • Benefits: Enjoy a dynamic work environment with opportunities for professional development and CII qualifications.
  • Why this job: Be part of a collaborative team that values strong relationships and personal growth.
  • Qualifications: A-Levels in Business, Finance, Economics or Maths preferred; 3 years' experience in Lloyd's required.
  • Other info: Proficiency in IT and analytical skills is essential; a proactive mindset is a must.

The predicted salary is between 36000 - 60000 £ per year.

This role offers a great opportunity for a confident, articulate, proactive and driven individual with at least 3 years’ experience working for a syndicate within Lloyd’s of London. The team is looking for a candidate who is highly numerate and demonstrates a passion for developing their knowledge of this technical class. The successful candidate will possess demonstrable interpersonal skills and the ability to build strong relationships with stakeholders both inside and outside the firm. Proficient IT, numerical and analytical skills are required, as is a high attention to detail.

This role would be best suited to an individual currently holding an underwriting support role such as an underwriting assistant or underwriting technician looking to join an established Accident & Health team within a global provider of Insurance and Reinsurance.

Role:

To support the Accident & Health division through defined administrative responsibilities, provide support within Underwriting Controls and adhere to set parameters of any Underwriting Authority granted. The candidate must also ensure compliance with ongoing regulatory and Company standards.

Qualifications:
  • A-Levels or equivalent in Business, Finance, Economics or Maths preferred
  • Working towards CII preferred
  • Knowledge of Accident & Health insurance not required but preferred
Experience:

Candidates require a minimum of 3 years’ experience working for a syndicate within Lloyd’s of London and a demonstrable understanding of the Lloyd’s Insurance Market and general insurance.

Desired Skills:
  • Strong problem-solving and decision-making capabilities
  • Excellent written and oral communication skills
  • Accountability
  • Confident interpersonal skills
  • Ability to work independently and as part of a team
  • Ability to work effectively in a fast-paced environment
  • Proactive mindset
  • Eye for detail
  • Logical approach to tasks
  • Strong time-management
  • Well-organised
  • Exceptional IT skills – must include Microsoft Excel, Word and Outlook
  • Drive to attain CII qualifications
Key Responsibilities:
  • Manage all elements of reporting relating to:
  • Whole account performance
  • Individual account performance
  • Exposure management
  • Outwards Reinsurance purchase
  • Renewals
  • Monthly signings
  • Monthly claims movements
  • Monthly income movements
  • Income monitoring
  • Aggregate monitoring
  • Broker Profitability
  • Credit Control
  • Bordereaux monitoring for accuracy and timeliness
  • Ensure internal folders are complete and accurate
  • Oversee accuracy of data entry on internal system
  • Peer review management including front sheet completion
  • Manage compliance queries
  • Assist with delegated underwriting queries
  • PPL/Whitespace Management
  • Provide technical and administrative support to the Underwriting Team
  • Develop and monitor professional relationships with all stakeholders to the benefit of the organisation
  • Develop procedures and practices that improve the Team’s efficiency
  • Liaise with other business functions to ensure consistency of process and systems
  • Ensure own technical training and personal development is maintained and enhanced in order to sustain and improve the account’s performance
  • To ensure Antares Global Customers are treated fairly at all times, in accordance with the Conduct Risk Policy and other relevant policies and procedures.
  • Consumer Duty outcomes and the management information
  • To be aware and adhere to all obligations under GDPR, ensuring that the business complies with these requirements. To avoid breaches and to report them to the Data Protection Officer when they occur regardless of whether electronic or on paper.
  • Assistant Underwriter - Accident & Health employer: Antares

    As a leading global provider of Insurance and Reinsurance, we pride ourselves on fostering a dynamic work environment that encourages professional growth and development. Our Accident & Health team is committed to supporting employees through comprehensive training opportunities, a collaborative culture, and a focus on innovation, all set within the vibrant and historic Lloyd's of London market. Join us to be part of a forward-thinking organisation that values your contributions and offers a pathway to advance your career in the insurance industry.
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    Contact Detail:

    Antares Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Assistant Underwriter - Accident & Health

    ✨Tip Number 1

    Familiarise yourself with the Lloyd's of London market and its specific practices. Understanding the nuances of this environment will not only boost your confidence during interviews but also demonstrate your commitment to the role.

    ✨Tip Number 2

    Network with professionals in the Accident & Health insurance sector. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the current trends and challenges in the field.

    ✨Tip Number 3

    Brush up on your IT skills, particularly in Microsoft Excel, as this role requires strong analytical capabilities. Consider taking a short course or tutorial to enhance your proficiency, which can set you apart from other candidates.

    ✨Tip Number 4

    Prepare to discuss your experience in underwriting support roles. Be ready to share specific examples of how you've contributed to team efficiency and stakeholder relationships, as these are key aspects of the position we're looking to fill.

    We think you need these skills to ace Assistant Underwriter - Accident & Health

    Numerical Skills
    Analytical Skills
    Attention to Detail
    Interpersonal Skills
    Communication Skills
    Problem-Solving Skills
    Time Management
    Organisational Skills
    Proficiency in Microsoft Excel, Word, and Outlook
    Understanding of Lloyd's Insurance Market
    Ability to Work Independently and as Part of a Team
    Proactive Mindset
    Compliance Knowledge
    Technical Support Skills
    Data Entry Accuracy

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV highlights your relevant experience in underwriting, particularly within Lloyd’s of London. Emphasise your numerical and analytical skills, as well as any specific achievements that demonstrate your attention to detail.

    Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the Accident & Health sector. Mention your proactive mindset and interpersonal skills, and explain how your background aligns with the responsibilities outlined in the job description.

    Highlight Relevant Experience: In your application, clearly outline your 3 years of experience in a syndicate and any roles that involved underwriting support. Use specific examples to illustrate your problem-solving capabilities and ability to work in a fast-paced environment.

    Showcase Your IT Skills: Since proficiency in Microsoft Excel, Word, and Outlook is essential, ensure you mention your experience with these tools. If you have used them for reporting or data management, provide examples to strengthen your application.

    How to prepare for a job interview at Antares

    ✨Showcase Your Experience

    Make sure to highlight your three years of experience working for a syndicate within Lloyd’s of London. Be prepared to discuss specific examples of your work and how it relates to the role of Assistant Underwriter in Accident & Health.

    ✨Demonstrate Your Analytical Skills

    Since the role requires strong numerical and analytical skills, be ready to discuss how you've used these skills in previous positions. You might even want to prepare a few examples of how you’ve solved complex problems or improved processes.

    ✨Build Rapport with Interviewers

    Interpersonal skills are key for this position. Practice building rapport during the interview by engaging with your interviewers, asking questions, and showing genuine interest in their experiences and insights about the company.

    ✨Prepare for Technical Questions

    Even though knowledge of Accident & Health insurance is preferred but not required, it’s beneficial to familiarise yourself with basic concepts. Prepare to answer technical questions and demonstrate your willingness to learn and grow in this area.

    Assistant Underwriter - Accident & Health
    Antares
    Location: Slough
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    • Assistant Underwriter - Accident & Health

      Slough
      Full-Time
      36000 - 60000 £ / year (est.)
    • A

      Antares

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