At a Glance
- Tasks: Support underwriting teams by optimising processes and delivering operational excellence.
- Company: Join a global insurer, part of the Talanx Group, known for its commitment to quality.
- Benefits: Enjoy 28 days leave, private medical, dental, and study support for qualifications.
- Why this job: Be part of a dynamic team, enhance your skills, and make a real impact in insurance.
- Qualifications: Previous insurance experience and A-levels or equivalent are essential; higher qualifications are a plus.
- Other info: Opportunity to work on special underwriting projects and develop strong industry relationships.
The predicted salary is between 36000 - 60000 £ per year.
About us Avencia are partnered with a global insurer and member of the Talanx Group who are looking to recruit an Underwriting Operations Analyst. This is an operational role, suited to someone who enjoys optimising processes, supporting underwriting teams, and delivering operational excellence. The role This position sits within the Long Tail hub of the Operations team. The team works closely with Professional Lines, Financial Lines, and Credit & Political Risk Underwriters based in London. The Underwriting Operations Analyst will provide operational services, including Pre-Bind and Post-Bind support to underwriters. In addition, the role involves working with the Operations team to refine support provided to underwriting teams and transforming processes to ensure efficiency and high service standards. This role would suit an individual with prior experience in the insurance industry, with a background or interest in operational work. Key accountabilities Underwriting Administration Manage the team mailbox and ensure correspondence is handled efficiently Transfer underwriting information and correspondence into the document management system where appropriate Input data for all policy types and endorsements using the underwriting data entry system on behalf of the team Enter data into any relevant team systems Ensure timely, efficient and accurate workflow processes are followed from start to finishData Quality Monitor and review policy data input, ensuring compliance with data quality protocols Maintain error rates in line with company standards and expectationsManaging Relationships Support the Operations team by delivering high-quality service to the business Develop and maintain strong, long-term relationships with underwriters and brokers through excellent serviceRisk and Controls Ensure all risks comply with regulatory and compliance checks, in line with underwriting guidelines and group policies Implement and maintain process controls to ensure accuracy and quality of outputProcess Improvement Make suggestions for process improvements within your role Enhance the effectiveness of services and systems used in the Operations team Participate in special underwriting projects where requiredCredit Control Reconcile and investigate accounting queries, including regular reports and account-specific queriesReporting Support MI and regulatory reporting when required Analyse data and prepare reports for underwriters and the wider businessIT Develop a strong understanding of IT systems used within the role Attend key user groups to remain informed of system changes and provide feedback Skills & experience Essential Previous experience in an insurance role Intermediate MS Office skills (Outlook, Excel) A-levels or equivalent (higher qualifications desirable) Desirable Knowledge of the London Market and underwriting practices (desirable) Working towards CII or another industry-recognised qualification (desirable) Benefits 28 days annual leave plus bank holidays Private medical and dental Company pension scheme Study support package for CII qualifications
Underwriting Operations Analyst employer: Avencia Consulting Services
Contact Detail:
Avencia Consulting Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Operations Analyst
✨Tip Number 1
Familiarise yourself with the specific processes and systems used in underwriting operations. Understanding the tools and software that underwriters rely on will give you an edge during interviews and show your commitment to the role.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work in underwriting or operational roles. Attend industry events or join relevant online forums to build connections that could lead to valuable insights or referrals.
✨Tip Number 3
Stay updated on the latest trends and changes in the insurance market, particularly in the London Market. This knowledge will not only help you in interviews but also demonstrate your proactive approach to understanding the industry.
✨Tip Number 4
Prepare to discuss specific examples of how you've improved processes or enhanced service quality in previous roles. Highlighting your problem-solving skills and ability to optimise workflows will resonate well with hiring managers.
We think you need these skills to ace Underwriting Operations Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in the insurance industry, particularly any operational roles. Emphasise skills that align with the job description, such as data management and process optimisation.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific experiences that demonstrate your ability to support underwriting teams and improve processes.
Highlight Relevant Skills: In your application, clearly outline your intermediate MS Office skills, especially in Excel, as well as any knowledge of the London Market and underwriting practices. This will show you meet the essential and desirable criteria.
Showcase Process Improvement Experience: If you have experience in suggesting or implementing process improvements, make sure to include this in your application. Provide examples of how your contributions led to enhanced efficiency or service quality.
How to prepare for a job interview at Avencia Consulting Services
✨Show Your Understanding of Underwriting Processes
Make sure to demonstrate your knowledge of underwriting processes during the interview. Discuss any relevant experience you have in managing underwriting administration or data quality, as this will show that you understand the core responsibilities of the role.
✨Highlight Your Process Improvement Skills
Be prepared to talk about specific examples where you've suggested or implemented process improvements in previous roles. This is crucial for the Underwriting Operations Analyst position, as the company values operational excellence and efficiency.
✨Emphasise Relationship Management
Since the role involves developing strong relationships with underwriters and brokers, share experiences where you've successfully built and maintained professional relationships. This will illustrate your ability to deliver high-quality service and support the operations team.
✨Familiarise Yourself with Relevant IT Systems
Research the IT systems commonly used in underwriting operations. Being able to discuss your familiarity with these systems or your willingness to learn will show that you're proactive and ready to adapt to the company's technological environment.