Delegated Authority Underwriter
Delegated Authority Underwriter

Delegated Authority Underwriter

Chelmsford Entry level 36000 - 60000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Underwrite diverse insurance lines, process risks, and build relationships with brokers.
  • Company: Aon is a global leader in insurance, dedicated to better decision-making and client success.
  • Benefits: Enjoy hybrid work flexibility, Global Wellbeing Days, and a supportive, inclusive culture.
  • Why this job: Gain unique experience across 19 business lines while working in a dynamic team environment.
  • Qualifications: A-levels or equivalent, strong communication skills, and a passion for underwriting.
  • Other info: Spanish speaking is a plus, but not essential; we value diversity and inclusion.

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

Delegated Authority Underwriter

Do you have an insurance background and/or experience in the Lloyds of London Market?

Do you have passion for Underwriting and want to Underwrite the markets leading multi-line facility?

Aon Client Treaty (ACT) is AUM\’s flagship facility and writes 19 different lines of business from Property to Marine to D&O and Product Recall. A role in Underwriting team will give a junior Underwriter the opportunity to write 19 lines gaining invaluable experience that is unique in the market, building relationships with a wide variety of broking teams to ensure Aon\’s client needs are met.

This is a hybrid role with the flexibility to work both virtually and from our Chelmsford office.

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed.

Aon Underwriting Managers

AUM undertakes underwriting and claims handling services on behalf of insurers and delivers expertise in specific product ranges or trade sectors. AUM focuses on commercial insurance products across Accident and Health, Property and Casualty, Financial Lines and Marine sectors. AUM fulfils many of the roles of an insurance company – underwrites (evaluates the risks and exposures of potential clients against the insurance covers), prices (determines the premium that is charged to insure that risk), issues policies, mid-term adjustments and renewals and on some facilities, manages the claims handling and settlement.

AUM has an in-depth understanding of the diverse range of solutions that we offer, and our insurance products are specially designed and unique to Aon.

What the day will look like

  • Underwriting a portfolio of multiple lines of business: Assessing, processing, and binding new and renewal business and endorsements within agreed timescales.
  • Timely completion of pre-bind and post bind administrative processes.
  • Ensuring that individual risks are processed promptly and in accordance with the Delegated Underwriting Authority.
  • Recording of risk details on a Policy Administration System in an accurate and timely fashion.
  • Liaise with brokers and internal departments for risk information.
  • Building an excellent working relationship with the Global Broking Centre Team.
  • Referring risks to our insurer panel where necessary.
  • Participating in regular meetings to ensure the ongoing success and adoption of ACT.

Skills and experience that will lead to success

  • Prior experience in an underwriting support role will be looked upon favourably.
  • Minimum A level standard (or equivalent).
  • Good written and oral communication skills.
  • Self-disciplined and organised.
  • Team player.
  • High level of numeracy.
  • Computer literacy including competent in Microsoft Office.
  • Professional – CII or partially CII qualified would be an advantage.
  • Spenish Speaking- not essential but desirable

How we support our colleagues

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two \”Global Wellbeing Days\” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com

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Delegated Authority Underwriter employer: BMO Harris Bank

Aon is an exceptional employer, offering a dynamic and inclusive work culture that prioritises employee wellbeing and professional growth. With the flexibility of a hybrid working model from our Chelmsford office, employees benefit from a comprehensive benefits package, including Global Wellbeing Days, and opportunities to underwrite a diverse portfolio across 19 lines of business, fostering invaluable experience and strong relationships within the industry.
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Contact Detail:

BMO Harris Bank Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Delegated Authority Underwriter

✨Tip Number 1

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

✨Tip Number 2

Network with professionals in the insurance industry, especially those who work in underwriting or have experience with Aon. Attend industry events or join relevant online forums to build connections that could provide insights or referrals.

✨Tip Number 3

Brush up on your numeracy and analytical skills, as these are crucial for assessing risks and pricing policies. Consider taking a short course or using online resources to enhance these skills before your interview.

✨Tip Number 4

Prepare to discuss your previous experiences in underwriting support roles, focusing on specific examples where you successfully managed multiple tasks or built relationships with brokers. This will help you stand out as a strong candidate.

We think you need these skills to ace Delegated Authority Underwriter

Insurance Knowledge
Underwriting Skills
Risk Assessment
Numeracy Skills
Attention to Detail
Communication Skills
Relationship Building
Organisational Skills
Computer Literacy
Microsoft Office Proficiency
Team Collaboration
Time Management
Problem-Solving Skills
CII Qualification (or partially qualified)
Familiarity with Lloyd's of London Market

Some tips for your application 🫡

Highlight Relevant Experience: Make sure to emphasise any previous experience in underwriting or the Lloyds of London Market. Use specific examples to demonstrate your skills and knowledge in these areas.

Tailor Your CV: Customise your CV to align with the job description. Focus on your skills in risk assessment, communication, and teamwork, as these are crucial for the Delegated Authority Underwriter role.

Craft a Strong Cover Letter: Write a compelling cover letter that showcases your passion for underwriting and your understanding of Aon's unique offerings. Mention how your background fits with their multi-line facility.

Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, as well as ensuring that all information is clear and concise.

How to prepare for a job interview at BMO Harris Bank

✨Show Your Insurance Knowledge

Make sure to brush up on your insurance knowledge, especially regarding the Lloyds of London Market. Be prepared to discuss specific lines of business and demonstrate your understanding of underwriting principles.

✨Highlight Relevant Experience

If you have prior experience in an underwriting support role, be sure to highlight this during the interview. Discuss specific tasks you've handled that relate to assessing risks, processing policies, or liaising with brokers.

✨Demonstrate Communication Skills

Since good written and oral communication skills are essential for this role, practice articulating your thoughts clearly. You might be asked to explain complex concepts, so being concise and clear is key.

✨Emphasise Teamwork and Organisation

Aon values team players, so be ready to share examples of how you've successfully worked in a team environment. Additionally, showcase your organisational skills by discussing how you manage multiple tasks and deadlines effectively.

Delegated Authority Underwriter
BMO Harris Bank
B
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