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- Tasks: Support Underwriters 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 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 industry.
- Qualifications: Knowledge of Lloyd’s market processes and strong time management 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 London employer: Edenbrook
Contact Detail:
Edenbrook Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operations Assistant (underwriting) in 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 lead to insider info about job openings and even referrals.
✨Tip Number 2
Show off your skills! When you get the chance to meet potential employers, whether at networking events or interviews, be ready to discuss how your experience aligns with their needs. Highlight your knowledge of Lloyd’s market processes and any relevant systems you've used.
✨Tip Number 3
Be proactive! If you see a role that fits you, don’t just wait for the application window to open. Reach out directly to the hiring manager or team leader via LinkedIn or email to express your interest and ask about the position.
✨Tip Number 4
Keep learning! Stay updated on industry trends and best practices in underwriting. This not only boosts your confidence but also shows potential employers that you're committed to growing in the field. Plus, we have resources on our website to help you out!
We think you need these skills to ace Operations Assistant (underwriting) in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the Operations Assistant role. Highlight any experience you have with underwriting, data entry, and working with stakeholders. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the insurance industry and how you can contribute to our team. Keep it concise but engaging – we love a good story!
Showcase Your Attention to Detail: Since this role involves processing risks and conducting quality control checks, make sure to highlight your attention to detail in your application. We want to know how you've successfully managed accuracy in past roles!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates. Plus, it’s super easy!
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.
✨Show Your Team Spirit
This role is all about collaboration, so be prepared to talk about your experience working with Underwriting teams and other stakeholders. Share examples of how you've built relationships and contributed to team success, especially in meeting SLAs and KPIs.
✨Attention to Detail is Key
Since you'll be conducting quality control checks and processing data, highlight your attention to detail. Bring up specific instances where you've identified discrepancies or improved processes. This will show that you can maintain accuracy and compliance with internal standards.
✨Embrace Continuous Improvement
The company values a culture of continuous improvement, so think of ways you've contributed to process efficiencies in previous roles. Be ready to discuss any ideas you have for improving operations in underwriting, as this shows you're proactive and forward-thinking.