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- Tasks: Provide essential support to Underwriters in the Financial Institutions team and manage underwriting admin duties.
- Company: Leading Lloyd's Syndicate known for its dynamic work environment.
- Benefits: Hybrid working model, competitive salary, and opportunities for professional growth.
- Why this job: Join a prestigious team and enhance your skills in the London Market.
- Qualifications: Experience in Underwriting Support within the London Market is essential.
- Other info: Build strong relationships with brokers and contribute to impactful projects.
The predicted salary is between 48000 - 72000 £ per year.
New Vacancy - Senior Underwriting Support Lloyd's Syndicate Hybrid / Flexible City of London
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 in City of London employer: High Finance Limited
Contact Detail:
High Finance Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriting Support - Lloyd\'s Syndicate in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the London Market and let them know you're on the lookout for opportunities. A friendly chat can lead to insider info about roles that might not even be advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your underwriting knowledge. Familiarise yourself with current trends in Financial Institutions risks and be ready to discuss how your experience aligns with the role. Confidence is key!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the position. It keeps you fresh in their minds.
✨Tip Number 4
Apply through our website for the best chance at landing that Senior Underwriting Support role. We make it easy for you to showcase your skills and experience directly to the hiring team!
We think you need these skills to ace Senior Underwriting Support - Lloyd\'s Syndicate in City of London
Some tips for your application 🫡
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 Clear and Concise: When writing your application, keep it clear and concise. Use bullet points where possible to make it easy for us to read through your qualifications and experiences. We appreciate a straightforward approach!
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. We can’t wait to see what you bring to the table!
How to prepare for a job interview at High Finance Limited
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge, especially in the context of Financial Institutions. Understand the key responsibilities listed in the job description and be ready to discuss how your experience aligns with them.
✨Showcase Your Attention to Detail
Since the role involves maintaining compliance and accuracy in documentation, prepare examples that demonstrate your attention to detail. Discuss any past experiences where your meticulousness made a difference in your work.
✨Prepare for Broker Interactions
As you'll be liaising with brokers, think about how you can showcase your communication skills. Prepare scenarios where you've successfully resolved queries or built strong relationships, as this will highlight your ability to deliver a professional service.
✨Familiarise Yourself with Data Management
Data capture and management are crucial in this role. Be ready to talk about your experience with underwriting systems and any data quality initiatives you've been part of. This will show that you're not just familiar with the processes but also proactive in ensuring data integrity.
