At a Glance
- Tasks: Support the underwriting team with data input, account administration, and research activities.
- Company: Join a collaborative and innovative insurance company that empowers progress.
- Benefits: Gain valuable experience in a dynamic environment with opportunities for growth.
- Other info: Perfect for those who love solving problems and working with talented colleagues.
- Why this job: Be part of a team that enables possibility and helps clients achieve their goals.
- Qualifications: A-level equivalent education and 12 months of insurance experience preferred.
The predicted salary is between 27000 - 33000 £ per year.
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential.
Our work is the catalyst that helps others achieve their goals.
In short, We Enable Possibility℠.
- Role purpose
- To provide administrative and technical support to the underwriting team as required.
- Administrative and Technical support includes but is not limited to the maintenance of files and the processing, recording of business accounts accurately and in a timely manner on the Company’s IT and administrative systems in accordance with processing standards and procedures.
- Assisting the team in day-to-day ad hoc tasks when required (risk research, broker meetings, country overview reports etc. and providing updates to underwriters).
Key Responsibilities
- Data Input
- Enter submissions, rating models, quotes and bound policies onto the Arch underwriting systems
- Conduct account clearance procedures with other parts of the company for risks or clash, as may be required – including catastrophe analysts, risk capture and data management teams
- Review quality control output from Global Services and provide regular feedback to the underwriting team.
- Account Administration
- Assist the Underwriters with day to day underwriting operations
- Assist in preparation of regular and ad hoc management reports
- Assist in the management of binders and lineslips, including the processing of bordereaux and quality control checks on the data.
- Undertake research activities, as directed by underwriters, for additional underwriting information from the Internet or other external sources
- Maintenance of appropriate business activity logs to record submission activity or premium activity
- Prepare Standard policy Documentation for underwriters’ sign off reports
- Account Query resolution
- Assist in the resolution of outstanding premium receivable issues, as may be directed
- Liaise with brokers on any outstanding information requirements
- Resolve weekly processing reports
- General Administration
- File preparation, photocopying, scanning, document management
- Assisting underwriters at Lloyds Box
- Have daily contact with back office support staff, e. g. binder management team, finance and compliance
- Answering telephone calls, responding to emails
- Role
Skills /
- Competencies
- Strong time management skills
- Very organised and systematic
- Responsive
- Good knowledge of MS Word, MS Excel, Power point and Outlook
- Ability to work independently using initiative and without guidance and as part of a team
- Ability to interrogate data to look for errors and anomalies.
- Ability to review processes and look for areas for improvement.
- Familiar with Pivot Tables and data management
- Entry Standard of education : ‘A’ Level equivalent or above
- Minimum 12 months experience in Insurance, ideally as an Underwriting Assistant.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset?
Arch may be a great fit for you.
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14101 Arch Europe Insurance Services Ltd
Underwriting Assistant, Contingency in London employer: Arch Capital Group
At Arch, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to reach their full potential. As a Senior Systems Engineer, you will benefit from extensive professional growth opportunities, a supportive team environment, and the flexibility of remote work, all while contributing to meaningful projects that drive progress for our clients and communities. Join us in a role where your expertise will be valued and your contributions will make a real impact.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Assistant, Contingency in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Arch Capital Group). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Arch Capital Group. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Underwriting Assistant, Contingency in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Arch Capital Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Arch Capital Group. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Arch Capital Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Arch Capital Group to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Arch Capital Group, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Arch Capital Group's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.