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- Tasks: Provide essential underwriting support and assist with financial institutions' risk management.
- Company: Leading Lloyd's Syndicate known for its dynamic work environment.
- Benefits: Hybrid working, competitive salary, and opportunities for professional growth.
- Why this job: Join a collaborative team and make a real impact in the insurance industry.
- Qualifications: Experience in London Market Underwriting Support and strong communication skills.
- Other info: Flexible working arrangements and a chance to build valuable industry relationships.
The predicted salary is between 36000 - 60000 £ per year.
New Vacancy - Senior Underwriting Support at 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 (UK) Limited
Contact Detail:
High Finance (UK) 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 Lloyd's market and let them know you're on the lookout for opportunities. A friendly chat can lead to insider info about openings that aren't even advertised yet.
✨Tip Number 2
Prepare for 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!
✨Tip Number 3
Showcase your skills! Create a portfolio or a presentation that highlights your achievements in underwriting support. This can really set you apart from other candidates when you get the chance to meet potential employers.
✨Tip Number 4
Don't forget to apply through our website! We have loads of great roles, including the Senior Underwriting Support position. It's a quick and easy way to get your application in front of the right people.
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 London Market Underwriting Support and any relevant skills that match the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that relate to underwriting admin duties and your ability to liaise with brokers effectively. We love a good story!
Showcase Your Attention to Detail: In underwriting, attention to detail is key. Make sure your application is free from typos and errors. We appreciate candidates who take the time to ensure their documents are polished and professional, just like the work we do at StudySmarter.
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 get all the updates directly. Plus, it shows you're keen on joining our team at StudySmarter!
How to prepare for a job interview at High Finance (UK) Limited
✨Know Your Underwriting Stuff
Make sure you brush up on your knowledge of the London Market and underwriting processes. Be ready to discuss specific examples from your past experience that demonstrate your understanding of underwriting support, especially in relation to Financial Institutions.
✨Showcase Your Attention to Detail
Since this role involves maintaining compliance and accuracy in documentation, be prepared to highlight instances where your attention to detail made a difference. Bring examples of how you've ensured that underwriting files are complete and compliant in previous roles.
✨Build Rapport with Brokers
This position requires strong relationships with brokers, so think about how you can demonstrate your interpersonal skills. Share stories about how you've successfully liaised with brokers in the past to resolve queries or obtain information.
✨Prepare for Data Discussions
As data capture and risk analysis are key parts of the job, be ready to talk about your experience with data management systems. Discuss any tools or software you've used and how you've contributed to data quality initiatives in your previous roles.
