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- Tasks: Support Underwriters with property treaty portfolio management and data analysis.
- Company: Chaucer Group is a leading insurance group at Lloyd’s, protecting industries globally.
- Benefits: Flexible working arrangements and a commitment to diversity and inclusion.
- Why this job: Gain hands-on experience in the insurance sector while fostering positive customer relationships.
- Qualifications: 5 GCSEs and 3 A Levels required; insurance experience preferred.
- Other info: Opportunity for growth in a diverse and inclusive workplace.
The predicted salary is between 30000 - 42000 £ per year.
Underwriting Assistant – Property Treaty
Join to apply for the Underwriting Assistant – Property Treaty role at Chaucer Group
Job Summary
To assist the Underwriters in all aspects of underwriting and management of the North American Property Treaty portfolio as well as providing support to the team in preparation and analysis of financial models, management information reports and data analysis, and carrying out some regular administrative tasks.
Main Duties
- Assist Underwriters in negotiation and indication of renewals and new business
- Agreement of pre-agreed endorsements and policy amendments on behalf of Underwriters
- Daily correspondence with brokers, including attending broker meetings and providing feedback to the team
- Participate in preparation of special projects, including account analysis and review of key statistics for management reports
- Use of account management tools (CRM, Analytics, Charisma, Sequel) to fulfil data requests from management and/or team
- Ensure underwriting systems are properly updated and risks are accurately recorded
- Assist Underwriters in the office, online and in meetings, including taking notes in team and divisional meetings
- Prepare and present to others in the team specific account analysis, sector or topic research and country and claims reviews
- Complete financial models for review by Underwriters and assist in preparation of sign-off requests
- Liaise with Central Operations Department and assist in quality checking of policy administration
- Liaise with Claims Department and assist Underwriters with potential loss and recovery reporting and management
- Assist with compilation of statistics for annual Reinsurance Report
Regulatory Responsibilities
- Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction
- Foster positive relationships with Customers and attain an understanding of their needs
- Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate
- Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers
Our Requirements
Relevant Experience
- Experience within insurance sector
Technical Skills
- Microsoft Office, basic Word & minimum intermediate Excel
Education & Experience
- 5 GCSE’s English and Maths grade ‘C’ or above (or equivalent)
- 3 ‘A’ Level passes grade B or above (or equivalent)
- Lloyd’s Introductory Test
About Us
Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world.
Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognizes that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Seniority Level
Entry level
Employment Type
Full-time
Job Function
Finance and Sales
Industries
Insurance
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Underwriting Assistant - Property Treaty employer: Chaucer Syndicates Ltd
Contact Detail:
Chaucer Syndicates Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Assistant - Property Treaty
✨Tip Number 1
Familiarize yourself with the insurance sector, especially focusing on property treaty underwriting. Understanding the nuances of this area will help you engage more effectively during interviews and discussions.
✨Tip Number 2
Brush up on your Excel skills, as you'll be working with financial models and data analysis. Being comfortable with intermediate functions can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the insurance industry, particularly those involved in underwriting. Attend relevant events or join online forums to gain insights and make connections that could benefit your application.
✨Tip Number 4
Prepare to discuss your understanding of customer service principles, especially in relation to treating customers fairly. This is a key aspect of the role, and demonstrating your knowledge can impress interviewers.
We think you need these skills to ace Underwriting Assistant - Property Treaty
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Underwriting Assistant position. Understand the key responsibilities and required skills, especially those related to underwriting, data analysis, and customer service.
Tailor Your CV: Customize your CV to highlight relevant experience in the insurance sector. Emphasize any technical skills you possess, particularly with Microsoft Office, and ensure your educational qualifications are clearly stated.
Craft a Strong Cover Letter: Write a cover letter that reflects your enthusiasm for the role and the company. Mention specific experiences that relate to the duties listed, such as assisting in negotiations or preparing financial models.
Highlight Soft Skills: In your application, emphasize soft skills that are crucial for this role, such as communication, teamwork, and problem-solving abilities. These will be important for liaising with brokers and working within a team.
How to prepare for a job interview at Chaucer Syndicates Ltd
✨Understand the Role
Make sure you have a clear understanding of the Underwriting Assistant role and its responsibilities. Familiarize yourself with the North American Property Treaty portfolio and be ready to discuss how your skills can assist Underwriters in their tasks.
✨Showcase Your Technical Skills
Highlight your proficiency in Microsoft Office, especially Excel. Be prepared to discuss any relevant experience you have with account management tools like CRM or data analysis software, as these are crucial for the role.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities and how you would handle specific situations related to underwriting and customer service. Think of examples from your past experiences that demonstrate your ability to foster positive relationships with customers.
✨Demonstrate Your Teamwork Skills
Since the role involves collaboration with Underwriters and other departments, be ready to discuss your experience working in teams. Share examples of how you've contributed to team projects and how you handle feedback during meetings.
