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- Tasks: Support underwriting teams and manage Delegated Authority contracts with precision.
- Company: Prestigious London Market Insurer with a strong reputation.
- Benefits: Up to £65,000 salary, benefits package, and a 15% bonus.
- Why this job: Join a dynamic team and make a real impact in the insurance industry.
- Qualifications: 4+ years in Delegated Underwriting, strong Microsoft Office skills.
- Other info: Hybrid work model with opportunities for professional growth.
The predicted salary is between 39000 - 65000 £ per year.
A fantastic opportunity has arisen for a Senior Delegated Underwriting Assistant to join a prestigious London Market Insurer on a permanent basis. The key purpose of this role is to assist the Delegated UW Manager in managing the administration of all business written under Delegated Authority contracts. The role is working within the DUA team and providing effective oversight of all Delegated business.
This role will suit an Underwriting Assistant with 4+ years' experience of Delegated UW business in a Lloyd's, London Market or Broking firm.
Key responsibilities:- Provide guidance and support to underwriting units in relation to Delegated authority business and ensuring compliance with Lloyd's code of practice and minimum standards.
- Develop and maintain appropriate approval and review processes for new and existing Coverholders & Delegated authority contracts.
- Provide regular reporting, including monitoring of key performance indicators, addressing DUA performance, controls and exception reporting for the DUA team and other stakeholders.
- 4+ years' experience of Delegated UW business from a previous DUA role in a Lloyd's, London Market or Broking firm.
- Microsoft Office including Outlook, PowerPoint, Word, Excel, Dynamics to a high standard.
- Lloyd's Systems - Atlas and DCOM.
- Ability to follow processes and procedures.
- Ability to analyse data and present results in a clear and concise manner as appropriate to the audience.
Senior Delegated Underwriting Assistant in City of London employer: I3 Resourcing Limited
Contact Detail:
I3 Resourcing Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Delegated Underwriting Assistant 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 hunt for a Senior Delegated Underwriting Assistant role. You never know who might have the inside scoop on openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Lloyd's code of practice and the latest trends in Delegated Underwriting. We want you to be able to showcase your expertise and how you can add value to the team!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your career goals. Use our website to find roles that excite you, and tailor your approach to each one. Show them why you’re the perfect fit for their DUA team!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Remind them of your enthusiasm for the role and how your experience aligns with their needs.
We think you need these skills to ace Senior Delegated Underwriting Assistant in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your 4+ years of experience in Delegated Underwriting. We want to see how your background aligns with the role, so don’t be shy about showcasing relevant skills and achievements!
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 Senior Delegated Underwriting Assistant role. We love seeing enthusiasm and a clear understanding of the responsibilities involved.
Showcase Your Technical Skills: Since this role requires proficiency in Microsoft Office and Lloyd's Systems, make sure to mention your experience with these tools. We appreciate candidates who can demonstrate their ability to analyse data and present results effectively.
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 this fantastic opportunity in the London Insurance Market!
How to prepare for a job interview at I3 Resourcing Limited
✨Know Your Delegated Authority Inside Out
Make sure you brush up on your knowledge of Delegated Underwriting and the specific processes involved. Familiarise yourself with Lloyd's code of practice and minimum standards, as these will likely come up during the interview. Being able to discuss your previous experience in managing Delegated Authority contracts will show that you're the right fit for the role.
✨Showcase Your Analytical Skills
Since the role involves monitoring key performance indicators and presenting data, be prepared to discuss how you've successfully analysed data in your past roles. Bring examples of reports you've created or insights you've provided that led to improvements in DUA performance. This will demonstrate your ability to handle the analytical aspects of the job.
✨Demonstrate Your Team Spirit
This position requires collaboration with various underwriting units, so it's essential to highlight your teamwork skills. Share examples of how you've supported colleagues in the past, especially in relation to compliance and oversight of Delegated business. This will show that you can work effectively within a team environment.
✨Prepare Questions That Matter
Interviews are a two-way street, so think of insightful questions to ask about the company culture, the DUA team's goals, and how success is measured in this role. This not only shows your interest in the position but also helps you gauge if the company aligns with your career aspirations.