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- Tasks: Join our team to support underwriting operations and manage daily tasks like processing premiums and claims.
- Company: Work for a prestigious Lloyds Syndicate known for its inclusive culture and employee care.
- Benefits: Enjoy perks like a free canteen, private GP service, and a dynamic work environment.
- Why this job: This role offers growth opportunities in a supportive team with a focus on diversity and inclusion.
- Qualifications: 1-4 years in London Insurance Market; CII qualification preferred but not essential.
- Other info: Be part of a low turnover company where hard work is recognised and rewarded.
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 to 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.
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 systems used in underwriting operations. Understanding how premium processing, claims payments, and cash management work will give you a significant edge during interviews.
✨Tip Number 2
Network with professionals in the London Insurance Market. Attend industry events or join relevant online forums to connect with people who can provide insights into the role and potentially refer you to opportunities.
✨Tip Number 3
Demonstrate your commitment to continuous learning by mentioning any relevant courses or certifications you are pursuing, such as CII qualifications. This shows your dedication to the field and enhances your profile.
✨Tip Number 4
Prepare to discuss your problem-solving skills and teamwork experiences in detail. Be ready to share specific examples of how you've collaborated with others to achieve goals, as this is crucial for the role.
We think you need these skills to ace Underwriting Operations Assistant-Reinsurance & Lloyds
Some tips for your application 🫡
Understand the Role: Read the job description carefully to understand the key responsibilities and required experience. Tailor your application to highlight how your skills and experiences align with the specific tasks mentioned, such as processing premiums and supporting various departments.
Highlight Relevant Experience: Emphasise any previous experience you have in the London Insurance Market, particularly in operational roles related to underwriting or claims support. Use specific examples to demonstrate your familiarity with processes and controls relevant to the position.
Showcase Your Skills: Make sure to showcase your communication, analytical, and problem-solving skills in your application. Provide examples of how you've successfully collaborated with teams or managed projects, as these are crucial for the role.
Craft a Strong Cover Letter: Write a compelling cover letter that not only reiterates your interest in the Underwriting Operations Assistant position but also reflects your understanding of the company's values, such as inclusion and diversity. Mention why you would thrive in their dynamic culture.
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 terms like premium processing, cash management, and SOX compliance, as these will likely come up during your interview.
✨Showcase Your Experience
Be prepared to discuss your previous experience in the London Insurance Market. Highlight specific examples where you've successfully supported underwriting or claims processes, as this will demonstrate your suitability for the role.
✨Emphasise Teamwork
This role requires collaboration with various departments. Share examples of how you've worked effectively in a team setting, showcasing your communication skills and ability to support others in achieving common goals.
✨Ask Insightful Questions
Prepare thoughtful questions about the company culture, their approach to diversity and inclusion, and how they measure success within the operations team. This shows your genuine interest in the role and the organisation.
