Assistant Underwriter in London

The primary purpose of the role is to provide support and administration for the underwriting of Lancashire's lines of business, including involvement in Syndicate 2010, and undertake preliminary underwriting under the supervision and authority of senior underwriting staff.

Specific Responsibilities

• Receive submissions from brokers, complete initial basic risk analysis, complete pre-underwriting documentation and when required present information within team Peer Review.
• Issue terms to brokers as directed and authorised.
• Start to develop basic knowledge of wording and technical understanding, market environments as well as building basic risk analysis capabilities.
• Set-up system records and maintain underwriting systems and controls including LIPPS, Spring, DMS and other relevant systems.
• General spreadsheet work including statistics and data analysis and generation of reports.
• Monitor and follow up on payments for outstanding premiums.
• Work in collaboration with Group Underwriting teams in order to obtain and provide any required information.
• Investigate queries produced by Underwriters, Operations, Finance and Legal and liaise with brokers as directed to resolve issues as necessary.
• Assist Underwriters with the running and recording of peer review.
• Agree endorsements within your limited underwriting authority.
• Ensure risks offered and bound are within modelled tolerances or that exceptions are approved.
• Monitor modelling results for individual accounts and aid Underwriters in overview of monthly portfolio.
• Assist with ad hoc projects and research work as required.

Specific Skills & Knowledge

• Good level of formal education - Degree desirable.
• Progression towards Cert CII / DIP CII or ACII is an advantage.
• Proficient with Microsoft Office applications, particularly Excel and Word (intermediate).
• Knowledge of Power BI desirable.
• Excellent attention to detail, self-discipline and time management.
• Good verbal and written communication skills.
• Strong work ethic.
• Self-starter with the ability to liaise with individuals at all levels.
• Team player.
• Ability to work flexibly to meet business needs including extended hours if required.

The Lancashire Way

At Lancashire, we believe our culture sets us apart. The way we behave and approach our work day-to-day is what makes us unique and creates a positive experience for our people, business partners and other stakeholders. Honesty and integrity in all we do is a given and The Lancashire Way reflects our true character and spirit.

• Straight-talking: We feel empowered to share thoughts and ideas, because everyone's voice matters.
• Collaborative: We work together towards common goals, share knowledge and support each other.
• Hard-working: We all have a stake in the company's success and are proactive in contributing to our goals and vision.
• Responsible: We focus on achieving tangible results with consistent standards across the Group.
• Positive: We engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.

About The Lancashire Group

Lancashire are a provider of global specialty insurance and reinsurance products operating in Bermuda, London, the U.S. and Australia, across three delivery platforms: rated company, Lloyd's and collateralised security. Our focus is on short-tail, specialty (re)insurance risks within four general segments: Property and Casualty, Aviation, Energy and Marine, and Specialty.