At a Glance
- Tasks: Support underwriting processes and manage data for insurance risks in a dynamic team.
- Company: Fortegra, a leading insurance provider with a focus on innovation.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity for career growth and to embrace new technologies.
- Why this job: Join a growing team and make an impact in the insurance industry.
- Qualifications: Experience in insurance or underwriting, strong analytical skills, and teamwork.
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
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 employer: 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
✨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 aspects of the role.
✨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 genuinely interested in joining our team at Fortegra.
We think you need these skills to ace UK Underwriting Assistant
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!
Show Off Your Skills: Don’t forget to showcase 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 candidates!
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.
✨Ask Smart Questions
Prepare thoughtful questions about the underwriting process and how the team collaborates with other departments like finance and claims. This shows that you're not only interested in the role but also in how you can contribute to the team's success.
✨Be a Team Player
Emphasise your ability to work within a dynamic team environment. Share examples of how you've collaborated with others in previous roles, especially in high-pressure situations. This will reassure the interviewers that you can thrive in their growth-focused culture.