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- Tasks: Join our team to manage daily operations like processing premiums and supporting various departments.
- Company: Work with a prestigious Lloyds Syndicate known for its inclusive culture and employee care.
- Benefits: Enjoy perks like a free canteen, private GP service, and a supportive work environment.
- Why this job: This role offers growth opportunities in a dynamic team with a focus on collaboration and quality.
- Qualifications: 1-4 years in London Insurance Market; CII qualification preferred but not essential.
- Other info: Be part of a company with low staff turnover and a commitment to diversity.
The predicted salary is between 36000 - 60000 £ per year.
We are recruiting for an Underwriting Operations Assistant vacancy on behalf of one of our top client companies. They are an extremely highly regarded and long-established Lloyds Syndicate and re/insurer. This is an extremely varied Global role, in a growing operations team. Embracing inclusion and diversity, this company truly values and looks after their staff. Providing a dynamic, positive and engaging culture and first-class benefits, including some nice extras such as a free quality staff canteen and free City same day private GP service, it’s easy to see why they enjoy low staff turnover rates offering such a great environment for positive, hard working individuals to thrive and grow in.
Key responsibilities:
- Performing day-to-day responsibilities which may include: processing premium, premium adjustments, commissions and claim payments in their accounting systems based on portfolio, Cash Management, Submission, Exports and Underwriting Support.
- Supporting development, implementation and documentation of processes and controls for efficient handling of portfolio of responsibilities.
- Assisting with development and oversight of metrics and KPIs ensuring they align to the goals of the team.
- Helping to support Claims, Reserving, Underwriting and Finance departments.
- External communication with Brokers.
- Support for adherence to contract certainty.
- Assist with implementation and execution of special/ad hoc projects within the Operations Department.
- Provide support to the broader Operations team to help ensure smooth and efficient monthly and quarterly closes.
- Assist with requests from both Internal and External Auditors.
- Ensuring SOX compliance for Operations processes.
- Ensure all responsibilities are carried out with a high degree of quality, in a timely manner.
Required experience:
- 1-4 years experience gained in a London Insurance Market operational role from any discipline, i.e. Underwriting or Claims Support, gained in a Re/Insurer or Brokers.
- A good level of education.
- Ideally CII qualified or keen to study for.
- Must be a collaborative team player, with good communication and analysis/problem solving skills.
Please note that if you have not heard from us within 7 days, your application has not been successful. Bunn Abbott Consulting is acting as an Employment Agency in relation to this vacancy.
Underwriting Operations Assistant-Reinsurance & Lloyds employer: Bunn Abbott Consulting
Contact Detail:
Bunn Abbott Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Operations Assistant-Reinsurance & Lloyds
✨Tip Number 1
Familiarise yourself with the specific processes and terminology used in the Lloyd's market. Understanding terms like premium adjustments, claims payments, and SOX compliance will help you speak confidently during interviews.
✨Tip Number 2
Network with professionals already working in underwriting operations or related fields. Attend industry events or join online forums to connect with others who can provide insights and potentially refer you to opportunities.
✨Tip Number 3
Demonstrate your analytical and problem-solving skills by preparing examples from your past experience where you've successfully handled operational challenges. Be ready to discuss these in detail during your interview.
✨Tip Number 4
Show your enthusiasm for continuous learning, especially regarding CII qualifications. Mention any relevant courses or certifications you're pursuing, as this demonstrates your commitment to professional development in the insurance sector.
We think you need these skills to ace Underwriting Operations Assistant-Reinsurance & Lloyds
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in the London Insurance Market, particularly in operational roles. Emphasise any specific skills related to underwriting, claims support, or cash management that align with the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention your understanding of their commitment to inclusion and diversity, and how your background makes you a great fit for their dynamic culture.
Highlight Relevant Skills: In your application, focus on key skills such as communication, analysis, and problem-solving. Provide examples of how you've successfully collaborated in teams or managed projects in previous roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which is crucial in the insurance industry.
How to prepare for a job interview at Bunn Abbott Consulting
✨Understand the Role
Make sure you thoroughly understand the responsibilities of an Underwriting Operations Assistant. Familiarise yourself with tasks like processing premiums and supporting various departments. This will help you answer questions confidently and demonstrate your knowledge.
✨Showcase Your Experience
Highlight your relevant experience in the London Insurance Market, especially if you've worked in underwriting or claims support. Be prepared to discuss specific examples of how you've contributed to previous teams and projects.
✨Emphasise Teamwork
This role requires collaboration with various departments. Be ready to share examples of how you've successfully worked in a team environment, showcasing your communication and problem-solving skills.
✨Ask Insightful Questions
Prepare thoughtful questions about the company culture, team dynamics, and the specific challenges the operations team faces. This shows your genuine interest in the role and helps you assess if it's the right fit for you.
