At a Glance
- Tasks: Support underwriting processes and ensure accurate risk management in a dynamic insurance environment.
- Company: Join a leading UK insurance company that values collaboration and operational excellence.
- Benefits: Enjoy a hybrid work model, competitive salary, and opportunities for professional development.
- Other info: Flexible working hours and a focus on employee wellbeing create a great work-life balance.
- Why this job: Make a real impact in the insurance industry while developing your skills in a supportive team.
- Qualifications: Experience in insurance administration and strong Microsoft Excel skills are essential.
The predicted salary is between 30000 - 40000 € per year.
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.
- 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 Administration 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 operational excellence while enhancing your skills in a dynamic team focused on delivering high-quality service across multiple lines of business.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Assistant /Insurance Administration 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 Administration in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriting Assistant role. Highlight relevant experience in insurance or financial services, and showcase your skills in data management and documentation. We want to see how you can contribute to our team!
Showcase Your Skills:Don’t forget to emphasise your advanced Microsoft Excel and MS Office capabilities. These are crucial for the role, so give us examples of how you've used these tools effectively in past positions.
Be Clear and Concise:When writing your application, keep it clear and concise. Use bullet points where possible to make it easy for us to read. We appreciate straightforward communication, especially when it comes to processing information accurately!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
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 regulatory frameworks like SM&CR and Solvency II. This will show that you're not just interested in the role but also knowledgeable about the industry.
✨Showcase Your Excel Skills
Since advanced Microsoft Excel skills are a must for this role, be prepared to discuss your experience with data analysis and management. Bring examples of how you've used Excel in previous roles, whether it's for tracking performance against SLAs or managing financial data. If possible, practice some common Excel functions beforehand to feel confident.
✨Demonstrate Team Spirit
This role involves working closely with various teams, including offshore processing partners. Be ready to share examples of how you've collaborated with others in past positions. Highlight any experience you have in training new starters or improving processes, as this shows your commitment to teamwork and operational excellence.
✨Ask Smart Questions
At the end of the interview, don’t forget to ask insightful questions. Inquire about the company’s approach to data quality and how they measure success in the Underwriting Assistant role. This not only shows your interest but also gives you a better understanding of what’s expected and how you can contribute to their goals.
