Underwriting Operations Assistant

Underwriting Operations Assistant

Full-Time 29700 - 36300 £ / year (est.) Home office (partial)
Polo

At a Glance

  • Tasks: Support the Underwriting Operations team in managing syndicates and reporting performance.
  • Company: Join a dynamic managing agency with a focus on innovation and teamwork.
  • Benefits: Enjoy competitive salary, flexible working, private health insurance, and generous leave.
  • Other info: Experience a vibrant workplace with social events and volunteering opportunities.
  • Why this job: Make an impact in underwriting while developing your skills in a supportive environment.
  • Qualifications: Ideal for graduates or those interested in ACII qualification with analytical skills.

The predicted salary is between 29700 - 36300 £ per year.

To support the Underwriting Operations team in all matters relating to the delivery of robust oversight and controls of all managed syndicates, and the subsequent reporting of underwriting performance and controls to external regulatory bodies and PMA governance forums.

Assist the Underwriting Operations team in the onboarding of new syndicates into the Underwriting Operations and Controls Framework.

Key Responsibilities
  • To report to the Underwriting Operations Manager and assist in the delivery of the managing agency underwriting operations and controls framework, including the onboarding of new syndicates into the framework.
  • Support the Underwriting Operations team in the enabling of a robust operating and controls framework for all managed syndicates.
  • To aid the Underwriting Operations team in the preparation of underwriting performance and exception reporting and in providing analysis and insights into syndicate underwriting performance and activities.
  • To assist in the advancement and efficiency of underwriting dashboards and reporting.
  • To work with the Underwriting Operations team and colleagues in the Cheltenham office to help ensure the smooth incorporation of new syndicate data into the ‘tech stack’ and delivery of syndicate reports, accurately and on time. This to include the carrying out of Data Quality Checks as appropriate and identifying areas of concern and deviations from standards.
  • To assist in the preparation of regulatory returns as required.
  • To conduct ad hoc reviews and projects as required.
  • To maintain compliance with Lloyd’s Principles for Doing Business and any applicable UK or International statutory or regulatory obligations as required by the role.
Key Relationships
  • Head of Underwriting Operations
  • Underwriting Operations Manager
  • Chief Operations Officer
  • Director of Underwriting and Underwriting Management Team
  • Polo Managing Agency and Polo Commercial Insurance Services Staff
Skills, Knowledge and Expertise
  • Experience in the Lloyd’s or Company market in an underwriting support function role.
  • Knowledge of underwriting systems and underwriting management information.
  • Previous experience dealing directly with clients and managing client relationships.
  • Self-motivated and proactive.
  • Ability to adapt to changing priorities and manage multiple deadlines.
  • Excellent level of IT skills including Excel.
  • Highly numerate with strong analytical and problem-solving skills.
  • Excellent written and verbal communication skills with strong interpersonal skills.
  • Ability to work collaboratively and develop strong relationships internally and externally.
Demonstrates behaviours aligned to the Polo Works PRIDE values:
  • Pioneering – we don’t stand still
  • Responsible – We do the right thing
  • Inclusive – we all play a role
  • Delivery Focused- we provide services we are proud of
  • Empowering – we equip people to be their best
Knowledge & Qualifications
  • Preferably graduate and progress towards ACII qualification or interest in the ACII qualification.
  • Some understanding of underwriting oversight and controls.
  • May have previous experience of working in a Managing Agent or in the Company market.
Benefits

As well as a competitive salary, discretionary annual bonus, and a minimum 24 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay. You will also have access to company volunteering days, an Electric Vehicle (EV) leasing scheme, an employee assistance programme with retail discounts and savings, a generous employee referral scheme, regular sports and social events, and free Cheltenham bus travel.

Underwriting Operations Assistant employer: Polo

As a Syndicate Underwriting Manager in London, you will join a dynamic team that prioritises employee growth and well-being. Our company offers a competitive salary, flexible hybrid working arrangements, and a comprehensive benefits package including private health insurance and generous annual leave. With a strong focus on collaboration and professional development, we foster a supportive work culture that encourages innovation and community involvement.

Polo

Contact Details:

Polo Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Underwriting Operations Assistant

Tap into Campus Networks

If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.

Get Certified

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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.

Apply Directly and Be Proactive

Don’t shy away from reaching out directly to firms like Polo. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.

We think you need these skills to ace Underwriting Operations Assistant

Underwriting Systems Knowledge
Analytical Skills
Problem-Solving Skills
Data Quality Checks
Regulatory Compliance
Client Relationship Management
IT Skills (Excel)

Some tips for your application 🫡

Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.

Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Polo.

Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.

Research and Reflect:Before hitting that 'apply' button on Polo's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!

How to prepare for a job interview at Polo

Brush Up on Financial Analysis Skills

Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Polo.

Prepare for Case Studies

Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.

Show Your Passion for Finance

Since this is a full-time position, employers at Polo will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.

Network with Industry Professionals

Before your interview, reach out to current or former Polo employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.