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For Companies At a Glance
- 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 hours and a chance to build valuable industry relationships.
The predicted salary is between 48000 - 72000 £ per year.
Overview
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: HJF Promotional Products
Contact Detail:
HJF Promotional Products 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 insurance industry, especially those who work with Lloyd's Syndicates. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your underwriting knowledge. Be ready to discuss specific experiences where you’ve supported underwriters or managed documentation. We want to see how you can bring value to the Financial Institutions team!
✨Tip Number 3
Showcase your skills in data management and compliance during conversations. Highlight any experience you have with maintaining underwriting files and ensuring they meet standards. This will set you apart as a candidate who understands the importance of accuracy.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
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!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our Financial Institutions team. Share specific examples of your past experiences that relate to the key responsibilities mentioned in the job description.
Showcase Your Attention to Detail: In underwriting, accuracy 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 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!
How to prepare for a job interview at HJF Promotional Products
✨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, premium payments, and policy documentation. This will help you speak confidently about your experience and how it relates to the role.
✨Showcase Your London Market Experience
Since the role requires strong London Market Underwriting Support experience, be ready to discuss specific examples from your past roles. Highlight any relevant projects or tasks you've handled that align with the responsibilities listed in the job description.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle certain situations, like liaising with brokers or managing outstanding subjectivities. Think of examples where you've successfully navigated similar challenges and be prepared to explain your thought process.
✨Demonstrate Your Communication Skills
As a key point of contact for brokers, effective communication is crucial. Practice articulating your thoughts clearly and concisely. You might even want to prepare a few questions to ask the interviewers about their team dynamics and how they communicate with stakeholders.
