At a Glance
- Tasks: Review and prepare applications for Lloyd's, ensuring compliance and providing technical support.
- Company: Pro, a leading outsourcing and consulting firm in the insurance industry.
- Benefits: Flexible hybrid working, training support, pension contributions, and employee referral bonuses.
- Other info: Collaborative culture with opportunities for growth and development.
- Why this job: Join a dynamic team and make a real impact in the insurance sector.
- Qualifications: 2+ years in a delegated function with strong underwriting knowledge.
The predicted salary is between 40000 - 50000 £ per year.
Pro currently has an exciting opportunity for a Delegated Underwriting Analyst to be part of our Insurance Services team. The job holder will be required to take ownership of complex lead binder reviews and new Coverholder applications, to both the company and Lloyd’s. Pro operates a flexible hybrid working policy and this role would be based working at home and at our Gloucester or London office.
Main Duties and Responsibilities
- Reviewing and preparing new applications for Lloyd's; this includes worldwide coverholder applications and branch applications.
- Ensure that all binding contracts, master policies, consortiums, and line slips adhere to company procedures and regulatory requirements both before and after binding.
- Perform technical due diligence risk assessments of Coverholders, ensuring they meet the highest standards required.
- Provide valuable assistance to underwriters, including offering technical advice and assisting with Coverholder approvals.
- Stay ahead of the curve by monitoring and evaluating changes in the regulatory environment. Collaborate with stakeholders to develop solutions that keep the company compliant.
- Drafting direct dealing contracts and endorsements as needed.
- Processing tasks accurately, in an efficient manner, in line with client SLA’s.
- Interacting with clients in a professional manner over the phone or via email.
- Handle and resolve Client, broker and Coverholder queries as well as internal queries from team members.
- Assist with client workflow management and daily/weekly/monthly reporting.
- Have an appreciation of Client KPIs and SLAs.
Skills and Experience
- Minimum of 2 years’ experience in a Delegated function with exposure to delegation in both Lloyds and Company Markets.
- Sound knowledge of underwriting practice.
- Good understanding of the regulatory binder control frameworks.
- Ability to clearly and concisely communicate in writing and verbally.
- High attention to detail with great pragmatism.
- Strong technical skills and ability to prioritise workload to meet deadlines.
- Understanding of principles of insurance and reinsurance is essential.
- Good understanding of London market systems and procedures is desirable.
- Knowledge of Property, Casualty, and Marine business classes desirable but not essential. Likewise, knowledge of the US insurance business would be advantageous.
- Maintain a conscientious, positive and enthusiastic approach to work, maintaining good working relationships with colleagues.
Delegated Underwriting Analyst in London employer: PRO GLOBAL
Pro is an exceptional employer, offering a dynamic work environment that fosters professional growth and development within the insurance and reinsurance sectors. With a flexible hybrid working policy and a commitment to employee training, Pro ensures that team members can thrive while maintaining a healthy work-life balance. The collaborative culture encourages innovation and inclusivity, making it an ideal place for those seeking meaningful and rewarding careers in a supportive setting.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Underwriting Analyst 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 PRO GLOBAL). 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 PRO GLOBAL. 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 Delegated Underwriting Analyst 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 PRO GLOBAL.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at PRO GLOBAL. 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 PRO GLOBAL
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at PRO GLOBAL 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 PRO GLOBAL, 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 PRO GLOBAL'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.
