At a Glance
- Tasks: Support Underwriters in evaluating risks and managing broker relationships.
- Company: Dynamic insurance firm with a focus on professional growth.
- Benefits: Gain valuable experience in underwriting with potential for career progression.
- Other info: Join a collaborative team and enhance your professional network.
- Why this job: Kickstart your career in insurance and develop essential skills in a supportive environment.
- Qualifications: GCSE Maths grade B or above and interest in further insurance qualifications.
The predicted salary is between 30000 - 40000 £ per year.
Overview
The role supports Underwriters day to day with evaluating and pre-underwriting risks, including pricing, reviewing surveys, broker liaison, attendance at the box supporting Underwriters, adhoc reporting and performance monitoring, broker relationship management, and servicing of new and renewal business. This is an introduction to Underwriting with potential progression to Underwriting.
Responsibilities
- Support Underwriters through all aspects of underwriting new and renewal risks
- Pricing of risks on behalf of Underwriters
- Pre-underwriting risks, including reviewing submissions to establish whether within Underwriting appetite
- High level review of surveys and risk quality
- Assist with triaging of risks
- Assist with Underwriting notes of a risk
- Analysis of CAT exposure per risk, and at portfolio level
- Assist with developing and/or enhancing new Underwriting tools for underwriting analysis
- Attend broker/client Underwriting meetings with Underwriters when required
- Day to day liaison with brokers face to face at the box, by email and via video calls
- Issue quotes to brokers on renewals and new business
- Assist underwriters with general day to day administration, including (once proficient) checking renewal slips and agreeing endorsements (with U/W guidance)
- Responsible for the accuracy and upkeep of all written premium data on Charisma for risks written within the area of responsibility
- Provide statistical information to Underwriters when required
- Prepare renewal lists
- Travel as required
- Be an active participant and contributor within the Underwriting team
- Assist and continue to develop best practice processes for the Underwriting team to work with UW Ops and maintain strong working relationships with the UW Ops team
- Act as gatekeeper/Underwriting point of contact to UW Ops and Outsourcing arrangements
Essential Experience & Qualifications
- Experience working within the Insurance market
- Competent at using Internet Explorer for research
- Competent using Microsoft Office
- Progression towards ACII
- Technical Skills: Competent at using Microsoft Edge (or similar) for research
- A good general knowledge of world geography and basic construction types
- A good understanding of fundamental insurance/reinsurance concepts, slip terms and conditions
Education & Experience
- GCSE Maths grade B or above (or equivalent)
- Minimum of 3 A grade GCSEs or equivalent
- Interest in studying for further insurance qualifications (ACII) – associateship expected in a reasonable period
Personal Skills
- Professional outlook
- Very good interpersonal skills
- Excellent organisational skills
- Excellent communication skills with the ability to liaise at all levels
- Team player
- Adaptable to a pressured environment
- Self-motivated
- Capable of working to a timetable when required
Underwriting Assistant - Property (6 month FTC) in London employer: Chaucer Group
As an Underwriting Assistant at our company, you will be part of a dynamic team that values collaboration and professional growth. We offer a supportive work culture where you can develop your skills in the insurance sector, with opportunities for progression towards underwriting roles. Located in a vibrant area, our company provides a range of benefits including flexible working arrangements and access to ongoing training, making it an excellent employer for those seeking a meaningful career in insurance.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Assistant - Property (6 month FTC) in London
✨Tap into Local Agencies
For temporary roles like the one at Chaucer Group, don't overlook local recruitment agencies that specialise in the insurance sector. They often have inside info on your local market and can help you get your foot in the door quicker!
✨Seasonal Opportunities Are Gold
Insurance companies often ramp up staffing for specific seasons, especially during peak times like annual policy renewals. Keep an eye out for those temporary gigs and be ready to jump in. Make sure you’re on our website regularly to catch those listings!
✨Network with Industry Pros
Join insurance-focused online platforms and forums to connect with professionals who can share insider tips about temporary roles. Attend local industry meetups or workshops to widen your network; sometimes it’s all about who you know!
✨Showcase Your Flexibility
For temp roles, employers are often looking for candidates who can hit the ground running. Highlight any previous experience you have in fast-paced environments on your profile or during interviews, so Chaucer Group knows you can adapt quickly to their needs!
We think you need these skills to ace Underwriting Assistant - Property (6 month FTC) in London
Some tips for your application 🫡
Highlight Relevant Certifications:In the insurance world, having the right qualifications can set you apart. If you've got any certifications like Cert CII or other relevant credentials, make sure they're front and centre on your CV. It shows you're committed to the industry and ready to hit the ground running!
Showcase Your Customer Service Skills:Insurance is all about helping clients through tricky times. Use your application to mention your previous customer service experience or soft skills like problem-solving and empathy. These are crucial for any temporary role in the insurance sector, so don’t shy away from flexing these muscles!
Tailor Your CV for the Temp Role:For a temporary position, it's all about demonstrating your ability to adapt quickly. Tailor your CV to highlight experiences that show you can jump in and make an impact immediately. Mention short projects, freelance gigs, or any fast-paced roles that show you thrive in dynamic environments.
Be Clear About Availability:In your cover letter, clearly state your availability for the temporary role. Since this is a short-term gig, emphasising your flexibility and readiness to start immediately can really catch Chaucer Group's eye. Remember, they need someone who can fit right in, so make it easy for them to see you as that person!
How to prepare for a job interview at Chaucer Group
✨Master the Basics of Underwriting
Since you're aiming for a temporary role in insurance, brush up on the basic principles of underwriting. Be ready to discuss how you would assess risks and make simple decisions on policy issuance, as these are likely to come up in technical questions.
✨Familiarise Yourself with Relevant Regulations
Insurance is heavily regulated, so it helps to be familiar with key regulations that affect the industry. Bring up any specific legislation you're aware of and how it could impact your work at Chaucer Group. This shows you're engaged and knowledgeable.
✨Highlight Your Flexibility
As it's a temporary position, it's crucial to stress your adaptability. Talk about previous experiences where you had to pick up new tasks quickly or adjust to changing needs. Employers will appreciate your willingness to jump in and get the job done without a long onboarding process.
✨Prepare to Discuss Claims Processing
Be ready to dive into discussions around claims processing, as this might be a big part of your role. Bring along examples of how you've approached problem-solving in past roles, especially if you've dealt with customer claims or insurance queries before. It's a great way to show your relevant experience.
