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 develop essential skills in a fast-paced environment.
- Why this job: Kickstart your career in insurance and learn from industry experts.
- 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) 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 market while working closely with experienced Underwriters. Located in a vibrant area, we provide opportunities for career progression and continuous learning, making us an excellent employer for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Assistant - Property (6 month FTC)
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those working in underwriting. Attend events or webinars, and don’t be shy about introducing yourself. You never know who might have a lead on that perfect Underwriting Assistant role!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of underwriting processes and risk assessment. Be ready to discuss how you can support Underwriters effectively. Show them you’re not just interested in the job, but that you’re keen to grow within the field!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in making a lasting impression. It shows your enthusiasm for the role and keeps you fresh in their minds.
✨Tip Number 4
Check out our website for the latest job openings! Applying directly through us not only gives you access to exclusive roles but also shows your commitment to joining our team. Let’s get you started on your underwriting journey!
We think you need these skills to ace Underwriting Assistant - Property (6 month FTC)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Underwriting Assistant role. Highlight any relevant experience in the insurance market and your proficiency with Microsoft Office, as these are key for us.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're interested in underwriting and how your background makes you a great fit. Don’t forget to mention your enthusiasm for further qualifications like ACII!
Show Off Your Communication Skills:Since this role involves liaising with brokers and Underwriters, make sure your application showcases your excellent communication skills. Use clear and concise language, and don’t shy away from sharing examples of your interpersonal skills.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Chaucer Group
✨Know Your Underwriting Basics
Before the interview, brush up on fundamental insurance concepts and terminology. Understanding slip terms, risk evaluation, and pricing will show your potential employer that you're serious about the role and ready to contribute from day one.
✨Showcase Your Interpersonal Skills
Since this role involves liaising with brokers and supporting Underwriters, be prepared to discuss examples of how you've effectively communicated in previous roles. Highlight any experiences where you’ve built relationships or resolved conflicts, as these skills are crucial in underwriting.
✨Demonstrate Your Organisational Skills
The job requires excellent organisational abilities, so come prepared with examples of how you've managed multiple tasks or projects simultaneously. Discuss any tools or methods you use to stay organised, as this will resonate well with the interviewers.
✨Express Your Willingness to Learn
Mention your interest in pursuing further qualifications like ACII. Employers love candidates who are eager to grow and develop their skills. Share any steps you’ve already taken towards this goal, such as relevant courses or self-study.
