Aim of the role
We are seeking a highly motivated Assistant Underwriter with a focus on quantitative analysis, process optimisation and data and analytics. This is an exciting opportunity to join a dynamic and valued team in a well established marketplace.
Our Assistant Underwriters will underwrite business within assigned underwriting authority, and work within the underwriting team to achieve the business plan. They will also conduct some underwriter support activities when required.
Responsibilities
Day-to-day
- Building and maintaining relationships with customers, brokers, business partners and colleagues to achieve business objectives
- Underwriting (re)insurance risks in accordance with the business plan and personal authority to meet business objectives
- Assisting with rating of account by analysis, interpretation and input of underwriting information into pricing models (e.g. geographical exposure)
- Calculating appropriate risk premium by using company pricing tools for the specific line of business
- Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports
- Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters
- Providing timely service of new and renewed accounts according to quality standards
- Reviewing loss control reports and managing policy endorsement/adjustment requests (of higher complexity) to process any necessary changes to the policy (if cannot be completed by Ops)
- Overseeing monitoring of service levels
Ad hoc
- Supporting Underwriters for renewals and client meetings
- Contributing to and following the business planning process for the Underwriting division in order to make appropriate decisions
- Supporting other functions as and when required
Qualifications
- A collaborative approach with an innovative mindset who provides creative solutions and ideas for resolution
- A relentless curiosity along with excellent analytical and technical skills
- Excellent written and oral communication skills
- Ability to manage time, meet deadlines and prioritise effectively
- Intermediate level understanding of relevant software including Excel
- Experience of using AI, of creating models as well as some basic knowledge of computer programming will be beneficial
