At a Glance
- Tasks: Support Underwriters in evaluating risks and pricing for new and renewal business.
- Company: Join a diverse and inclusive insurance company committed to your growth.
- Benefits: Gain valuable experience, develop skills, and work in a supportive team environment.
- Other info: Dynamic role with opportunities for professional development and teamwork.
- Why this job: Kickstart your career in insurance while making meaningful contributions to the team.
- Qualifications: GCSE Maths grade B or above and interest in further insurance qualifications.
The predicted salary is between 30000 - 40000 £ per year.
The primary function of this role is to support the Underwriters on a day‑to‑day basis with evaluating and pre‑underwriting risks. Responsibilities include pricing risks, reviewing surveys, liaising with brokers, attending the box to support Underwriters, ad‑hoc reporting and performance monitoring, broker relationship management, and general servicing of new and renewal business.
Responsibilities
- Act as a key member of the Underwriting team, supporting Underwriters through all aspects of new and renewal risks.
- Price risks on behalf of Underwriters.
- Conduct pre‑underwriting risk reviews, determining if submissions fall within Underwriting appetite.
- Review surveys for high‑level risk quality assessments.
- Assist with triaging risks.
- Prepare underwriting notes and analyses of risk; analyze CAT exposure at both risk and portfolio levels.
- Help develop or enhance underwriting tools for analysis.
- Attend broker/client underwriting meetings with Underwriters as required.
- Liaise with brokers face‑to‑face at the box, by email, and via video calls.
- Issue quotes to brokers for both renewals and new business.
- Perform general day‑to‑day administrative duties, including checking renewal slips and agreeing endorsements under Underwriter guidance.
- Ensure 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 requested.
- Prepare renewal lists and travel as required.
- Contribute actively to the Underwriting team, developing best‑practice processes and maintaining strong working relationships with the Underwriting Operations team.
- Act as a point of contact for Underwriting Operations and outsourcing arrangements.
Qualifications
- Essential experience working within the insurance market.
- Competent at using the Internet to conduct research.
- Proficient with Microsoft Office applications.
- Progression toward ACII Technical skills.
- Competent using Microsoft Edge (or similar) for research.
- Good general knowledge of world geography and basic construction types.
- Strong 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); job holders will be expected to achieve an Associateship within a reasonable period.
Personal Skills
- Very good interpersonal skills.
- Excellent organisational skills.
- Excellent communication skills at all levels.
- Ability to work as part of a team.
- Capacity to work under pressure.
- Self‑motivated and capable of meeting deadlines.
EEO Statement
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 and free from bias.
Underwriting Assistant - Property (6 month FTC) employer: Chaucer Underwriting Services Limited
Chaucer is an exceptional employer that fosters a collaborative and inclusive work culture, making it an ideal place for aspiring Underwriting Assistants. With a strong commitment to employee development, you will have access to opportunities for professional growth, including support for further insurance qualifications like ACII. Located in a vibrant area, the company values diversity and encourages a supportive environment where every team member can thrive and contribute meaningfully to the underwriting process.
Contact Details:
Chaucer Underwriting Services Limited Recruitment Team
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 who work in underwriting. Attend events or webinars, and don’t be shy about asking for informational interviews. You never know who might have a lead on a job!
✨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 a candidate, but a valuable addition to their team!
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. Plus, it’s a great chance to reiterate why you’d be a perfect fit for the team.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of resources to help you land that Underwriting Assistant role. Plus, applying directly shows your commitment and interest in being part of our team at StudySmarter.
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 insurance experience and your proficiency with Microsoft Office applications, 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 the role and how your background makes you a great fit. Don’t forget to mention your enthusiasm for furthering your insurance qualifications!
Show Off Your Interpersonal Skills:Since this role involves liaising with brokers and supporting Underwriters, make sure to showcase your excellent communication and organisational skills in your application. We love candidates who can work well in a team!
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’s super easy!
How to prepare for a job interview at Chaucer Underwriting Services Limited
✨Know Your Underwriting Basics
Before the interview, brush up on fundamental insurance concepts and terminology. Understanding slip terms and conditions will show that you're serious about the role and can speak the language of underwriting.
✨Research the Company and Its Culture
Take some time to learn about the company’s values and culture. This will help you tailor your answers to align with their mission and demonstrate that you’re a good fit for their team.
✨Prepare for Practical Scenarios
Think about how you would handle specific underwriting tasks, like pricing risks or conducting pre-underwriting reviews. Be ready to discuss your thought process and any relevant experiences that showcase your skills.
✨Showcase Your Interpersonal Skills
Since the role involves liaising with brokers and working as part of a team, be prepared to highlight your communication and relationship-building skills. Share examples of how you've successfully collaborated in previous roles.
