Operations Assistant (underwriting) in City of London
Operations Assistant (underwriting)

Operations Assistant (underwriting) in City of London

City of London Full-Time 30000 - 40000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support Underwriting teams by processing risks and ensuring data accuracy.
  • Company: Leading London Market Insurer with a focus on innovation.
  • Benefits: Gain valuable experience in insurance underwriting and develop key industry skills.
  • Other info: Opportunities for continuous improvement and career growth.
  • Why this job: Join a dynamic team and make a real impact in the insurance sector.
  • Qualifications: Knowledge of Lloyd’s market processes and strong organisational skills.

The predicted salary is between 30000 - 40000 £ per year.

We are supporting a Leading London Market Insurer seeking an Operations Assistant to support their Underwriting Function. This role sits as a key contact for Underwriters and other internal stakeholders to ensure timely and accurate processing of risks. This role sits as an excellent opportunity to develop in insurance underwriting.

The successful candidate will:

  • Perform accurate and timely risk and aggregate data entry into key systems.
  • Work confidently alongside Underwriting teams and build stakeholder relationships.
  • Strengthen knowledge across multiple classes of business underwritten.
  • Conduct quality control checks on risk and aggregate data to ensure completeness, accuracy and compliance with internal standards.
  • Identify and resolve discrepancies and queries, escalating where appropriate.
  • Process and validate USM (Underwriting Signing Messages) and SCM (Signing & Claims Messages) in line with SLAs (Service Level Agreements), investigate and resolve message failures, exceptions and queries.
  • Provide Operational support to Underwriting teams, ensuring efficient processing of transactions.
  • Assist the Operations Assistant Team Leaders to deliver good results by maintaining agreed SLAs and meeting team KPIs.
  • Actively contribute to a continuous improvement culture and identify opportunities to improve process efficiencies, accuracy and control.
  • Be a key contact for Underwriters and other internal stakeholders to ensure timely and accurate processing of risks and resolution of queries.

The skills you will need are:

  • Strong knowledge of the Lloyd’s market processes and Syndicate Operations.
  • Demonstrates practical knowledge of delegated authority and open market business and understands the operational and contractual differences.
  • Familiarity with London Market Systems (e.g. PPL, Whitespace).
  • Ability to manage own time well and work to meet numerous deadlines, both individually and alongside others.

Operations Assistant (underwriting) in City of London employer: Edenbrook

As a leading London Market Insurer, we pride ourselves on fostering a dynamic and inclusive work culture that prioritises employee development and collaboration. Our Operations Assistant role offers a unique opportunity to gain invaluable experience in insurance underwriting while working closely with Underwriters and internal stakeholders in a supportive environment. With a commitment to continuous improvement and a focus on achieving excellence, we provide our employees with the tools and resources needed to thrive and advance their careers in the insurance industry.
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Contact Detail:

Edenbrook Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Operations Assistant (underwriting) in City of London

✨Tip Number 1

Network like a pro! Reach out to people in the insurance industry, especially those working in underwriting. A friendly chat can open doors and give you insights that job descriptions just can't.

✨Tip Number 2

Prepare for interviews by brushing up on your knowledge of Lloyd’s market processes and Syndicate Operations. We want you to feel confident discussing these topics, as they’re key to the role!

✨Tip Number 3

Showcase your problem-solving skills! Be ready to share examples of how you've identified and resolved discrepancies in past roles. This will demonstrate your ability to handle the operational challenges of the job.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.

We think you need these skills to ace Operations Assistant (underwriting) in City of London

Risk Data Entry
Stakeholder Relationship Management
Quality Control Checks
Discrepancy Resolution
USM Processing
SCM Processing
Operational Support
Lloyd’s Market Knowledge
Syndicate Operations Understanding
Delegated Authority Knowledge
London Market Systems Familiarity
Time Management
Deadline Management
Continuous Improvement Mindset

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Operations Assistant role. Highlight any relevant experience in underwriting or insurance, and don’t forget to mention your familiarity with London Market Systems like PPL and Whitespace.

Showcase Your Skills: In your cover letter, emphasise your strong knowledge of Lloyd’s market processes and your ability to manage time effectively. We want to see how you can contribute to our team and help maintain those all-important SLAs.

Be Clear and Concise: When writing your application, keep it clear and to the point. Use bullet points where necessary to make it easy for us to see your key achievements and skills. We appreciate a well-structured application!

Apply Through Our Website: Don’t forget to apply 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 to join our team at StudySmarter!

How to prepare for a job interview at Edenbrook

✨Know Your Stuff

Make sure you brush up on your knowledge of the Lloyd’s market processes and Syndicate Operations. Familiarity with London Market Systems like PPL and Whitespace will definitely give you an edge. Be ready to discuss how these systems work and how you've used them in the past.

✨Showcase Your Team Spirit

This role is all about collaboration, so be prepared to talk about your experience working alongside Underwriting teams. Share examples of how you've built relationships with stakeholders and contributed to team success. Highlight your ability to manage your time effectively while meeting deadlines.

✨Attention to Detail is Key

Since you'll be handling risk and aggregate data entry, it's crucial to demonstrate your attention to detail. Bring up any experiences where you conducted quality control checks or resolved discrepancies. This shows that you understand the importance of accuracy and compliance in underwriting.

✨Embrace Continuous Improvement

The company values a culture of continuous improvement, so think of ways you've identified opportunities to enhance processes in previous roles. Be ready to discuss how you can contribute to improving efficiencies and controls within the underwriting function.

Operations Assistant (underwriting) in City of London
Edenbrook
Location: City of London

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