Underwriting Assistant – Marine Hull in London

Underwriting Assistant – Marine Hull – Ascot GroupJoin to apply for the Underwriting Assistant – Marine Hull role at Ascot Group.

Job DescriptionThis is an opportunity to join Ascot Group – one of the world\’s preeminent specialty risk underwriting organizations. Designed as a modern‐era company operating through an ecosystem of interconnected global operating platforms, we\’re bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way. The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross‐product and cross‐platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric. Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world‐class service — both pre‐ and post‐claims. Ascot exists to solve for our clients\’ brightest tomorrow, through agility, collaboration, resilience, and discipline.

Job PurposeTo provide complete underwriting support for the Marine Underwriting team.

Detailed DutiesUnderwriting

Where possible be present at all stages of the insurance broke

Populate risk template with relevant data

Entry of mandatory risk details onto S2000

Ensure insured name is correct on S2000

Completion of Electronic Front Sheet (EFS)

Ensure inclusion of Technical Premium and Rate Movement onto S2000

Make sure relevant documentation is scanned against the S2000 reference

Support of Underwriters and Assistants in ensuring overall Syndicate SLA\’s are maintained

Scanning relevant Underwriter sign off when required

Compliance

SLAs for slips and endorsements

Assist with Lloyds licensing requirements

Send relevant slips for pre‐bind check and follow up any fails that may occur with the underwriter/broker

Assist with completion of sanctions checks

Completion of annual compliance training

Compliance bulletin review and action

Assist with ensuring downgrade clauses comply with Ascot\’s policy and highlighted correctly on front sheet.

Facultative Reinsurance Purchasing

Assist with the purchasing of reinsurance placements and any issues that may arise.

Make sure that any endorsements that affect the facultative reinsurance are notified to the relevant team

Understanding of current RI purchase procedures.

Renewals

Prepare renewals in advance

Ensure that all renewals are actioned including all non‐renewed premiums

Aggregates

Make sure the correct aggregation boxes have been ticked on front sheets, and if changed then the right reason for aggregation change selected.

Ensure all schedules are available and passed to Polo at the time of underwriting

Where required chase the broker for outstanding schedules.

Attendance

Attendance at the monthly administration and Claims meetings when required

Credit Control

Review the weekly credit control report and action. For risks over 31 days overdue refer to the underwriter. When applicable send relevant comments on the chasing of premium to Xchanging. Review inward XL premium adjustments.

Workflow Management

Review of partial policies

Un‐scanned slips

Promised lines

Quotations

Reporting

Claims data – reporting discrepancies between submissions and S2000 data

Aggregation reports

Quarterly class reports

UMC Reports

UAS Reports

Review and action of exception reports

Client Management (when requested)

Attend client and broker meetings.

Take notes and publishing to S2000.

Ensure action points are followed up.

Facility Management

Chase and process relevant bordereaux

Reconciliation of estimated premium to actual

Review of signed premium against estimated premium

Assist in scanning of delegated underwriting form.

Query Resolution

Slips within SLA

Endorsements

Aggregation

USM\’s

BST

Polo

Velonetic

Working Knowledge of Systems

IMR

Crystal/Lloyds QA Tool

S2000 (Subscribe)

Swordfish

GAAP

Other Duties

Ad‐hoc duties as directed by line management.

Implementation of new procedures.

Please be aware that Ascot Group\’s job opportunities will be posted on our official careers page. All official communication comes from @ascotgroup.com email addresses. If you receive a job offer or recruitment communication from Ascot Group that you suspect might be fraudulent, do not hesitate to contact us directly to verify its legitimacy. We will never ask for payment or sensitive personal information during any stage of the recruitment process. Your privacy and trust are of utmost importance to us, and we strive to ensure that you have a positive experience with Ascot Group.

Seniority level

Entry level

Employment type

Full-time

Job function

Finance and Sales

Industries

Insurance

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