At a Glance
- Tasks: Support the Underwriting Performance team with data management and reporting.
- Company: Asta, a leading managing agency in the Lloyd's market.
- Benefits: Flexible working, generous holiday, private medical insurance, and competitive pension.
- Other info: Join a supportive and inclusive workplace with excellent career progression opportunities.
- Why this job: Kickstart your career in insurance with hands-on experience and skill development.
- Qualifications: Interest in insurance, strong Excel skills, and a commitment to learning.
The predicted salary is between 60000 - 70089 £ per year.
The Underwriting Performance Assistant provides essential administrative, data and coordination support to the Underwriting Performance Management team. Working closely with the Underwriting Performance Analyst and Senior Analyst, the role contributes to the smooth delivery of regulatory reporting, internal performance monitoring, and business planning activities for Asta’s managed clients. This role is integral to ensuring data accuracy, timely submissions, and effective workflow across the underwriting performance process. It also offers a strong foundation for developing technical and analytical skills within the Lloyd’s market, supporting future progression within the Underwriting Performance function.
Key Responsibilities
- Support the Underwriting Performance team by gathering, preparing and checking data, maintaining documentation and logs; supporting the production of reporting packs; and coordinating routine information exchanges with clients and internal teams.
- Assist in the production of relevant MI as required, notably for board reporting purposes.
- Extract and manipulate data from relevant data warehouses and format into new reports.
- Liaise with Asta clients for operational and analytical requests from Asta clients and Lloyd's within the portfolios.
- Support relationship management with Lloyd’s by preparing materials, tracking queries, and providing background analysis ahead of meetings.
- Assist the team with business planning process, completing templates ensuring completeness and accuracy.
- Assist with the production of regulatory reporting for Lloyd’s syndicates.
- Liaise with the clients and provide accurate and appropriate data as requested within agreed deadline.
- Inputting data into Asta and Lloyd’s systems in line with regulatory requirements.
- Continuously improve analytical and technical skills (Excel, data tools, Lloyd’s systems) to enhance team contributions.
Skills, Knowledge & Expertise
- A demonstrated interest in insurance accompanied by a commitment to expanding expertise in underwriting performance.
- A keen interest in gaining insight into the operations of Lloyd’s within the market and its role as part of a managing agency.
- IT literate; Excel skills a requisite, with a natural ability to pick up new systems quickly.
- Demonstrates a commitment to continuous learning.
Job Benefits
- Work-life balance you can rely on: 35-hour working week with hybrid and flexible working.
- Generous holiday allowance that increases with service.
- Your health & wellbeing covered: Private medical insurance with virtual GP access, annual health screening, dental cover and eye care, subsidised gym or sports club membership.
- Support for you and your family: Enhanced maternity, paternity, adoption and shared parental pay.
- Rewarding your contribution: Highly competitive pension with up to 13% employer contribution, life assurance and income protection, discretionary annual bonus scheme, interest-free season ticket loan and salary sacrifice schemes.
Underwriting Performance Assistant in Home employer: Davies
Davies is an excellent employer, offering a vibrant work culture in Glasgow that fosters professional growth and development for its employees. With a focus on collaboration and innovation, the company provides comprehensive training and mentorship opportunities, ensuring that you can thrive in your role as a Senior Paralegal. Additionally, the dynamic legal environment allows for meaningful contributions to motor litigation cases, making your work both rewarding and impactful.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Performance Assistant in Home
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Davies). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Davies. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Underwriting Performance Assistant in Home
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Davies.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Davies. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Davies
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Davies to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Davies, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Davies's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
