At a Glance
- Tasks: Support Underwriters with admin duties and maintain compliance for Financial Institutions risks.
- Company: Leading Lloyd's Syndicate known for its dynamic work culture.
- Benefits: Hybrid working, competitive salary, and opportunities for professional growth.
- Why this job: Join a vibrant team and make an impact in the financial sector.
- Qualifications: Experience in London Market Underwriting Support is essential.
- Other info: Build strong relationships with brokers and enhance your career in a supportive environment.
The predicted salary is between 36000 - 60000 £ 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.
Underwriting Technician employer: High Finance (UK) Limited T/A HFG
Contact Detail:
High Finance (UK) Limited T/A HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Technician
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with Lloyd's Syndicates. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your underwriting knowledge. Familiarise yourself with the latest trends in Financial Institutions risks and be ready to discuss how you can support Underwriters effectively.
✨Tip Number 3
Showcase your skills! When you get the chance to meet potential employers, whether at networking events or interviews, highlight your experience with underwriting admin duties and your ability to maintain strong relationships with brokers.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities that might just be the perfect fit for you. Plus, it’s a great way to ensure your application gets noticed by the right people.
We think you need these skills to ace Underwriting Technician
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriting Technician role. Highlight your experience in underwriting support, especially within the London Market. We want to see how your skills match the key responsibilities listed in the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the Financial Institutions team. Share specific examples of your past experiences that relate to the tasks mentioned, like managing documentation or liaising with brokers.
Showcase Your Attention to Detail: Since this role involves maintaining compliance and accuracy, make sure to showcase your attention to detail in your application. Whether it's through your CV format or the way you present your achievements, we want to see that you can keep things organised and precise.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at High Finance (UK) Limited T/A HFG
✨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 like risk analysis, policy documentation, and compliance standards. This will show that you're not just familiar with the role but genuinely interested in it.
✨Showcase Your Experience
Prepare specific examples from your past roles where you've successfully supported underwriting teams. Highlight instances where you’ve chased brokers for premiums or maintained accurate documentation. This will help demonstrate your hands-on experience and how it aligns with what the company is looking for.
✨Ask Insightful Questions
Come prepared with questions that show your interest in the company and the role. Ask about their approach to data quality initiatives or how they handle relationships with brokers. This not only shows your enthusiasm but also helps you gauge if the company is the right fit for you.
✨Demonstrate Strong Communication Skills
Since you'll be liaising with brokers and internal stakeholders, it's crucial to showcase your communication skills during the interview. Practice articulating your thoughts clearly and confidently, and be ready to discuss how you would handle queries or resolve issues professionally.