UK Underwriting Assistant in London

UK Underwriting Assistant in London

London Full-Time 30000 - 40000 £ / year (est.) No home office possible
Fortegra Europe Insurance Company Ltd

At a Glance

  • Tasks: Capture and manage insurance risks while supporting the underwriting team with data and compliance checks.
  • Company: Fortegra, a dynamic company in the insurance sector, located in London.
  • Benefits: Gain valuable experience in insurance, with opportunities for professional growth and development.
  • Other info: Office-based role with a focus on collaboration and innovation in a fast-paced environment.
  • Why this job: Join a growing team and make an impact in the insurance industry while developing your skills.
  • Qualifications: Experience in insurance or related fields, strong analytical skills, and a team-oriented mindset.

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

The candidate will work independently to ensure Professional Indemnity & US Liability Insurance risks are captured within Fortegra’s systems. This is imperative to feed Fortegra accounting systems, provide MI to reinsurers, underwriters and for portfolio management purposes.

Key Accountabilities:

  • Data input into IMS policy system & other Fortegra systems
  • Management of underwriting bordereaux systems
  • Sanction / compliance checking of risks
  • Management of input/output of data re market systems e.g., PPL
  • Support underwriting team with underwriting administration as required
  • Management of data from delegated clients and within Fortegra systems
  • Monitoring of EPI against plan
  • Management of underwriting bordereau
  • Close liaison with underwriting team to support
  • Provide underwriting and pricing MI / portfolio management support to the underwriting team and management team
  • Liaise with actuarial, finance, legal, claims, operations, and compliance
  • Production of monthly/quarterly underwriting, sales, and claims reports
  • Assist in the production of distributor Product Oversight and Governance (POG) papers where required
  • Ensure products are designed and priced within the general regulatory framework for each territory
  • Support new business due diligence, onboarding, annual review, and renewal processes
  • Support underwriting audits and technical file reviews including management of action plans
  • Embrace new technology, implementation of systems and processes and support file sharing and document storage
  • Liaise with Operations and Finance around any queries
  • Liaise with Claims and TPA Partners
  • Update all data points monthly via all internal systems
  • Adhere to administrative tasks required within the underwriting team
  • Production of UW MI reports and analysis for risk management and portfolio oversight purposes
  • Production of exposure and risk data for regulatory reporting
  • Management of policy wording and IPID library, ensuring version control across all UW documents through liaison with UWs, MGAs and brokers
  • Supporting lead UWs with review of UW and bdx to ensure understanding of underwriting process and underwriting administration

Skills and Experience:

  • Understanding of insurance contract/slip and terminology
  • London market and/or regional UK market experience essential (Insurer or MGA)
  • Strong work ethic required to work within a dynamic team in growth mode
  • Competent use of Excel & Word
  • Confident in ability, willing to develop personal and business skill set
  • Trustworthy, loyal, honest with high integrity
  • Team player, confident in working with people
  • Knowledge of and ability to collaborate, when necessary, with other departments
  • Results driven, motivated and takes responsibility for actions and results
  • Service orientated
  • Perseverant and hard working
  • Ability to multi-task
  • Excellent organizational skills
  • Strong analytical and problem-solving skills
  • Ability to meet deadlines without compromising consistency in the process
  • Experience dealing and handling sensitive information
  • Ability to work under pressure
  • Ability to prioritize to guarantee that all issues are allocated the required time to be handled in a professional manner

UK Underwriting Assistant in London employer: Fortegra Europe Insurance Company Ltd

Fortegra is an exceptional employer located in the heart of London, offering a dynamic work environment that fosters collaboration and innovation. With a strong emphasis on employee growth, we provide comprehensive training and development opportunities, ensuring our team members can enhance their skills and advance their careers. Our supportive culture values integrity and teamwork, making Fortegra a rewarding place to build a meaningful career in the insurance sector.
Fortegra Europe Insurance Company Ltd

Contact Detail:

Fortegra Europe Insurance Company Ltd Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land UK Underwriting Assistant in London

✨Tip Number 1

Network like a pro! Reach out to people in the industry, especially those working at Fortegra or similar companies. A friendly chat can open doors and give you insights that might just land you an interview.

✨Tip Number 2

Prepare for the interview by brushing up on your knowledge of Professional Indemnity and US Liability Insurance. Show us you know your stuff and can talk confidently about the key areas mentioned in the job description.

✨Tip Number 3

Don’t forget to showcase your analytical skills! Be ready to discuss how you've used data in past roles to make decisions or improve processes. We love candidates who can think critically and solve problems.

✨Tip Number 4

Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you're serious about joining our team at Fortegra.

We think you need these skills to ace UK Underwriting Assistant in London

Data Input Management
Sanction and Compliance Checking
Underwriting Administration
Data Quality Management
Portfolio Management
Communication Skills
Excel Proficiency
Word Proficiency
Understanding of Underwriting Process
Knowledge of Insurance Contracts and Terminology
London Market Experience
Analytical Skills
Problem-Solving Skills
Organisational Skills
Ability to Work Under Pressure

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the UK Underwriting Assistant role. Highlight relevant experience, especially in Professional Indemnity and US Liability Insurance. 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 underwriting and how you can contribute to our team. Keep it concise but impactful – we love a good story!

Showcase Your Skills: Don’t forget to highlight your analytical and organisational skills in your application. Mention any experience with data management or compliance checks, as these are key for the role. We’re all about results-driven individuals!

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 Fortegra Europe Insurance Company Ltd

✨Know Your Stuff

Make sure you understand the key responsibilities of the UK Underwriting Assistant role. Familiarise yourself with Professional Indemnity and US Liability Insurance, as well as the systems mentioned in the job description. This will help you answer questions confidently and show that you're genuinely interested in the position.

✨Show Off Your Skills

Highlight your experience with data management and compliance checks during the interview. Be ready to discuss specific examples where you've successfully managed data quality or supported an underwriting team. This will demonstrate your ability to handle the tasks required for the role.

✨Be a Team Player

Since this role involves close collaboration with various departments, emphasise your teamwork skills. Share instances where you've worked effectively with others, especially in a dynamic environment. This will show that you can thrive in a collaborative setting, which is crucial for this position.

✨Prepare Questions

Have a few thoughtful questions ready to ask at the end of the interview. Inquire about the team's current projects or how they measure success in the role. This not only shows your interest but also gives you valuable insights into the company culture and expectations.

UK Underwriting Assistant in London
Fortegra Europe Insurance Company Ltd
Location: London

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