At a Glance
- Tasks: Support underwriting teams by processing insurance transactions and ensuring data accuracy.
- Company: Join a leading underwriting client in the London Market Insurance industry.
- Benefits: Enjoy hybrid working, private medical insurance, and an excellent pension scheme.
- Other info: Opportunities for career growth and a culture of continuous improvement.
- Why this job: Be part of a dynamic team and enhance your skills in a fast-paced environment.
- Qualifications: Experience in insurance operations and strong analytical skills required.
The predicted salary is between 29700 - 36300 £ per year.
Wise May are looking for an Insurance Operations Assistant with experience working within the London Market Insurance industry to join a leading Underwriting client.
As an Insurance Operations Assistant, you will provide operational support to Underwriting teams, ensuring the accurate and efficient processing of insurance transactions.
This role would suit an insurance professional with existing Lloyd's market operations experience who is confident processing slips, handling risk entry and premium messaging, and can quickly become a valued member of a busy team.
This is a full time, permanent role, with hybrid working and the hours are 9am-5pm.
Insurance Operations Assistant duties and responsibilities
- Perform accurate and timely risk and aggregate data entry into the company's key systems.
- Conduct quality control checks on risk and aggregate data to ensure completeness, accuracy and compliance with internal standards.
Identify and resolve discrepancies and queries, escalating where appropriate.
- Process and validate USM (Underwriting Signing Messages) and SCM (Signing & Claims Messages) in line with SLAs, investigate and resolve message failures, exceptions and queries.
- Provide Operational support to Underwriting teams, ensuring efficient processing of transactions.
- Actively contribute to a culture of continuous improvement by identifying opportunities to enhance process efficiency, accuracy and controls.
- Work closely with Underwriting teams, building and maintaining strong stakeholder relationships across the business.
Insurance Operations Assistant key skills and experience required
- Previous Insurance Operations, Underwriting Assistant, Technical Assistant or Broker Operations experience within the Lloyd's/London Market.
- Strong experience with risk entry, premium messaging and data quality control.
- Strong insurance slip processing experience with the ability to accurately interpret and process complex risks.
- Practical knowledge of open market and delegated authority business, including an understanding of the operational and contractual differences between the two.
- Familiarity with London Market systems such as Whitespace, Velonetic or Subscribe.
- Excellent analytical skills and attention to detail with the ability to work accurately in a fast-paced environment
- Good organisational skills, manages own time well and prioritises workload independently whilst considering the workloads of the whole team.
- Effective relationship management and stakeholder engagement skills, confident in engaging with colleagues across different business departments.
Company Benefits
- Excellent pension scheme
- Private medical insurance
- Life assurance
- Season ticket loan
- Hybrid working
- Annual discretionary bonus
Insurance Operations Assistant in London employer: Jobiqo
Bromley Council is an exceptional employer, dedicated to fostering a supportive and inclusive work environment where employees can thrive. With a strong commitment to professional development, flexible working arrangements, and a generous benefits package, including a local government pension scheme and unique discounts, the Council prioritises employee well-being and career growth. Located in the vibrant Bromley Civic Centre, you will be part of a team that plays a crucial role in shaping the future of the borough while enjoying the balance of urban and suburban life.
StudySmarter Expert Advice🤫
We think this is how you could land Insurance Operations Assistant in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Jobiqo). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Jobiqo. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Insurance Operations Assistant in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Jobiqo.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Jobiqo. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Jobiqo
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Jobiqo to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Jobiqo, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Jobiqo's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
