At a Glance
- Tasks: Support underwriting teams with administration, data management, and process improvements.
- Company: Reputable Lloyd’s London Market Insurer with a collaborative culture.
- Benefits: Professional development, career progression, and supportive team environment.
- Other info: Mentorship opportunities and involvement in continuous improvement initiatives.
- Why this job: Gain broad exposure to underwriting while making a real impact in a fast-paced environment.
- Qualifications: Previous insurance experience and strong organisational skills required.
The predicted salary is between 40000 - 50000 £ per year.
A well-known Lloyd’s London Market Insurer is seeking a Senior Underwriting Assistant to join its Reinsurance Operations team in London. This is an excellent opportunity for an experienced insurance professional to work closely with underwriters, brokers, and operational teams, providing high-quality underwriting support and ensuring the accurate and timely processing of reinsurance business. The successful candidate will gain broad exposure to the underwriting process while playing a key role in supporting business performance, service delivery, and operational excellence.
As a Senior Underwriting Assistant, you will be responsible for supporting the reinsurance underwriting teams through effective administration, data management, policy processing, and stakeholder engagement. You will also act as a subject matter expert within the team, mentoring colleagues and helping drive process improvements. This role offers exposure to a fast-paced London Market environment and provides an excellent platform for candidates looking to further develop their underwriting and operational expertise.
Key Responsibilities- Support Underwriting Assistants and underwriting teams with operational queries and processes.
- Act as a mentor and provide guidance on procedures and best practice.
- Assist management with administrative activities, reporting, and meetings.
- Identify operational issues and recommend process improvements.
- Represent the underwriting support function in meetings when required.
- Accurately and efficiently process premiums, policies, endorsements, quotes, renewals, and submissions.
- Maintain underwriting databases and ensure data quality standards are met.
- Monitor and manage workload against agreed SLAs and KPIs.
- Support month-end accounting and reporting activities.
- Assist with the resolution of transactional issues, including cash allocations, debt management, and signing queries.
- Ensure document management standards are maintained.
- Respond promptly to underwriting information requests.
- Build strong relationships with underwriters and brokers to ensure service expectations are met.
- Liaise with brokers to manage accounts and resolve queries.
- Proactively identify and escalate significant business issues.
- Support colleagues across Operations, Claims, Risk Engineering, Exposure Management, and Finance functions.
- Monitor risks throughout the year and assist with renewal planning.
- Prepare renewal packs and maintain renewal tracking information.
- Support underwriting teams with ad hoc requests and portfolio management activities.
- Support internal and external audit activities.
- Assist with compliance and management reporting.
- Ensure adherence to all applicable regulatory requirements, internal policies, and conduct standards.
- Maintain confidentiality and exercise sound judgment when handling sensitive information.
- Deliver formal and informal coaching to team members where appropriate.
- Contribute to continuous improvement, system enhancements, and operational change initiatives.
- Actively participate in team meetings and knowledge sharing.
- Support the wider team to achieve quality and service objectives.
- Previous insurance experience, ideally within the London Market or Lloyd’s environment.
- Strong understanding of underwriting support and policy administration processes.
- Excellent attention to detail and organisational skills.
- Strong written and verbal communication skills.
- Ability to manage multiple priorities and work to tight deadlines.
- Advanced Microsoft Office skills, particularly Excel.
- Strong stakeholder management and relationship-building abilities.
- Reinsurance experience.
- Experience using insurance platforms such as Genius, IRIS, or similar underwriting systems.
- Experience mentoring or supporting junior team members.
- Progress towards or interest in obtaining professional insurance qualifications (e.g., ACII).
Opportunity to join a highly regarded Lloyd’s Market insurer with a strong reputation in reinsurance. Exposure to a broad range of underwriting activities and market participants. Supportive and collaborative team environment. Professional development and qualification support. Clear opportunities for career progression within underwriting operations and the wider business.
If you are an experienced Underwriting Assistant looking to take the next step in your London Market career, we would welcome your application.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriting Assistant (Permanent) 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 Lorien). 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 Lorien. 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 Senior Underwriting Assistant (Permanent) 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 Lorien.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Lorien. 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 Lorien
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Lorien 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 Lorien, 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 Lorien'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.
