At a Glance
- Tasks: Support underwriting teams by processing risks and ensuring data accuracy.
- Company: Leading UK insurance company with a focus on collaboration and operational excellence.
- Benefits: Flexible working, professional development, and a supportive work environment.
- Other info: Opportunities for growth and a focus on employee wellbeing.
- Why this job: Join a dynamic team and make an impact in the insurance industry.
- Qualifications: Experience in insurance admin and strong Microsoft Excel skills.
The predicted salary is between 30000 - 40000 € per year.
Location: London
Hybrid role - 2/3 days on site per week
Contract Type: Permanent
A major UK insurance company is seeking an Underwriting Assistant to support multiple lines of business within its Financial Risk Solutions portfolio, including Credit Solutions, Short Term Trade Solutions and Political Risk.
You will be responsible for ensuring that risks and amendments are accurately processed on underwriting systems within agreed service levels. The team works closely with underwriting teams, offshore processing partners, cash and credit control, and wider operational stakeholders to deliver timely, accurate and compliant processing. Operations also includes MI & Analytics, Claims Operations, Facilities, Strategic Operations and IT. Data quality, timeliness and accuracy are central to enabling the business to achieve its revenue and growth objectives.
Documentation & Risk Administration
- Create and update documentation required to process policies and endorsements on policy administration systems.
- Maintain accurate Estimated Premium Income (EPI) data in source systems.
- Perform four-eye checks on financial data entered by offshore processing partners.
- Respond to processing and quality control queries within agreed SLAs.
- Monitor and manage personal performance against SLAs and KPIs.
- Identify and resolve data quality and transactional issues within agreed timelines.
- Train offshore processing partners, new starters and other support teams when required.
- Help maintain accurate training and process documentation.
- Contribute ideas to improve processes, data quality and service delivery.
- Support ad hoc projects and system or process change initiatives.
Professional & Regulatory Standards
- Adhere to all relevant regulatory and internal policies, including conduct risk expectations.
- Comply with applicable regulatory frameworks such as SM&CR, Solvency II, data protection, financial crime and fair customer outcomes.
Relevant insurance or Financial Services experience at Admin level. Advanced Microsoft Excel and MS Office capability.
You’ll be joining a leading UK insurance business that values expertise, collaboration and operational excellence. The company offers a supportive and inclusive working environment, opportunities for development, and a strong focus on flexible working and employee wellbeing.
Underwriting Assistant - Insurance in London employer: Lorien
Join a leading UK insurance company in London as an Underwriting Assistant, where you will thrive in a supportive and inclusive work environment that prioritises employee wellbeing and flexible working arrangements. With a strong emphasis on professional development and collaboration, this role offers you the chance to contribute to meaningful projects while enhancing your skills in a dynamic team focused on operational excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Assistant - Insurance in London
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those working in underwriting. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of financial risk solutions. Be ready to discuss how you can contribute to data quality and compliance, as these are key in this role.
✨Tip Number 3
Showcase your Excel skills! Since advanced Microsoft Excel is a must-have, consider creating a portfolio of projects or examples that highlight your capabilities. This will set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Underwriting Assistant - Insurance in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriting Assistant role. Highlight any relevant experience in insurance or financial services, and don’t forget to showcase your advanced Microsoft Excel skills!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention your understanding of the importance of data quality and compliance in underwriting.
Showcase Your Attention to Detail:Since accuracy is key in this role, make sure to demonstrate your attention to detail in your application. You could mention specific examples where you’ve successfully managed data or resolved issues.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and get you on board with our fantastic team!
How to prepare for a job interview at Lorien
✨Know Your Stuff
Make sure you understand the basics of underwriting and the specific lines of business mentioned in the job description. Brush up on terms like Credit Solutions and Political Risk, as well as the importance of data quality and compliance in the insurance sector.
✨Showcase Your Skills
Highlight your experience with Microsoft Excel and any relevant administrative tasks you've handled in the past. Be ready to discuss how you've maintained data accuracy and processed information efficiently, as these are key aspects of the role.
✨Prepare for Teamwork Questions
Since the role involves working closely with various teams, think of examples where you've collaborated effectively. Be prepared to discuss how you’ve trained others or contributed to process improvements, as this will show your ability to work within a team environment.
✨Ask Smart Questions
At the end of the interview, don’t forget to ask insightful questions about the company’s approach to risk management or how they ensure compliance with regulatory standards. This shows your genuine interest in the role and helps you gauge if the company is the right fit for you.
