At a Glance
- Tasks: Provide essential underwriting support for Financial Institutions, ensuring smooth operations and compliance.
- Company: Join a leading Lloyd's Syndicate with a dynamic and flexible work culture.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for professional growth.
- Why this job: Make a real impact in the financial sector while developing your skills in a supportive environment.
- Qualifications: Experience in London Market Underwriting Support and strong communication skills are essential.
- Other info: Be part of a collaborative team with excellent career advancement opportunities.
The predicted salary is between 36000 - 60000 Β£ per year.
I am currently partnered with a leading Lloyd's Syndicate who are seeking an experienced Underwriting Support individual to join their team. This role will act as an Underwriting Assistant for the Financial Institutions team and will be required to help out with Underwriting Admin duties including but not limited to chasing brokers for premiums/renewals, maintaining documents, peer reviews and much more. My client is looking for someone with strong London Market Underwriting Support experience.
Key Responsibilities
- Provide day-to-day underwriting support to FI Underwriters across a portfolio of Financial Institutions risks.
- Assist with the preparation, review, and processing of new business, renewals, endorsements, and mid-term adjustments.
- Support Underwriters with accurate data capture, risk analysis, and presentation of underwriting information to ensure informed decision making.
- Ensure underwriting files are complete, compliant, and maintained to Lloyd's and internal standards.
- Draft, issue, and check policy documentation, endorsements, binders, and certificates for accuracy and timeliness.
- Liaise with brokers to resolve queries, obtain outstanding information, and ensure documentation reflects agreed terms.
- Monitor and chase outstanding subjectivities, premium payments, and signed lines.
- Accurately enter and maintain risk and policy data within underwriting systems.
- Produce underwriting and portfolio reports to support performance monitoring, renewals, and capacity management.
- Assist with data quality initiatives and support regulatory and internal audits as required.
- Act as a key point of contact for brokers, delivering a professional and responsive service.
- Build and maintain strong working relationships with brokers and internal stakeholders, supporting the FI team's market presence.
- Support Underwriters during renewal seasons and market meetings, including preparation of submission packs and analysis.
Senior Underwriting Support - Lloyd\'s Syndicate employer: HFG
Contact Detail:
HFG Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Senior Underwriting Support - Lloyd\'s Syndicate
β¨Tip Number 1
Network like a pro! Reach out to your connections in the London Market and let them know you're on the hunt for a Senior Underwriting Support role. A friendly chat can lead to insider info about openings that aren't even advertised yet.
β¨Tip Number 2
Prepare for those interviews by brushing up on your underwriting knowledge. Be ready to discuss your experience with financial institutions and how you've tackled underwriting admin duties in the past. Confidence is key!
β¨Tip Number 3
Donβt forget to showcase your relationship-building skills! In this role, you'll be liaising with brokers, so share examples of how you've successfully managed those relationships in previous positions.
β¨Tip Number 4
Apply through our website for the best chance at landing that job! We want to see your application and help you get your foot in the door. Plus, it shows you're serious about joining our team!
We think you need these skills to ace Senior Underwriting Support - Lloyd\'s Syndicate
Some tips for your application π«‘
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriting Support role. Highlight your experience in underwriting support, especially within the London Market. We want to see how your skills match what we're looking for!
Showcase Relevant Experience: In your cover letter, showcase your relevant experience with Financial Institutions and any specific underwriting admin duties you've handled. We love seeing concrete examples that demonstrate your expertise!
Be Professional Yet Personable: While we appreciate professionalism, donβt be afraid to let your personality shine through. A friendly tone can make your application stand out, so feel free to express your enthusiasm for the role and our team!
Apply Through Our Website: We encourage you to apply directly through our website. Itβs the best way for us to receive your application and ensures youβre considered for the role. Plus, itβs super easy!
How to prepare for a job interview at HFG
β¨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge, especially in the context of Financial Institutions. Understand key terms and processes related to underwriting support, as this will show your familiarity with the role and impress the interviewers.
β¨Showcase Your Experience
Prepare specific examples from your past roles that highlight your experience in the London Market. Discuss how you've successfully managed underwriting admin duties, liaised with brokers, or maintained compliance with standards. This will demonstrate your capability and fit for the position.
β¨Ask Insightful Questions
Come prepared with questions that show your interest in the company and the role. Inquire about their approach to risk analysis or how they maintain relationships with brokers. This not only shows your enthusiasm but also helps you gauge if the company aligns with your career goals.
β¨Demonstrate Attention to Detail
Since accuracy is crucial in underwriting, be ready to discuss how you ensure precision in your work. You might want to mention any systems or processes you use to maintain data quality and compliance. This will reassure them that you can handle the responsibilities of the role effectively.