Insurance Operations Specialist
Insurance Operations Specialist

Insurance Operations Specialist

Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support underwriting by managing operational tasks and ensuring smooth workflow.
  • Company: Join a diverse and inclusive team at Ryan Specialty in London.
  • Benefits: Competitive salary, training opportunities, and a supportive work environment.
  • Why this job: Make an impact in the insurance industry while developing your skills.
  • Qualifications: Experience in underwriting operations and strong Excel skills required.
  • Other info: Great opportunity for career growth and collaboration with various teams.

The predicted salary is between 36000 - 60000 £ per year.

The Technical Insurance Operations Specialist is responsible for supporting the underwriting process by managing operational tasks, coordinating with various teams, and ensuring efficient workflow. This role requires a strong understanding of underwriting operations, excellent organisational skills, and the ability to manage multiple tasks simultaneously. This role also actively manages bordereaux and compliance tasks for the team.

Location: London - UK - Fenchurch

What will your job entail?

  • Support the underwriting process by managing operational tasks such as data entry, document management, bordereaux management and compliance monitoring.
  • Coordinate with underwriters, brokers, and clients to gather necessary information and documents.
  • Ensure efficient workflow by prioritising tasks, managing timelines, and resolving bottlenecks.
  • Maintain accurate records of underwriting decisions, policy changes, and client interactions in the company’s database.
  • Assist in the development and implementation of underwriting operations policies and procedures.
  • Provide training and guidance to junior staff on operational tasks and best practices.
  • Participate in quality assurance activities to ensure the accuracy and consistency of underwriting operations.
  • Collaborate with other departments such as claims, finance, and legal to ensure seamless service delivery.
  • Stay updated with changes in industry regulations and company policies that impact underwriting operations.
  • Contribute to continuous improvement initiatives to enhance the efficiency and effectiveness of underwriting operations.

Work Experience and Education:

Previous experience in an underwriting or broking operations role is essential along with strong excel skills and bordereaux knowledge. Experience with supporting junior members of the team is also preferred but not essential.

Insurance Operations Specialist employer: Ryan Specialty

At Ryan Specialty, we pride ourselves on being an exceptional employer, offering a dynamic work environment in the heart of London. Our commitment to employee growth is evident through comprehensive training programmes and opportunities for career advancement, all while fostering a culture of inclusivity and collaboration. Join us to be part of a team that values your contributions and supports your professional journey in the insurance industry.
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Contact Detail:

Ryan Specialty Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Insurance Operations Specialist

✨Tip Number 1

Network like a pro! Reach out to people in the insurance industry, especially those who work in underwriting or operations. 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 underwriting processes and compliance tasks. We recommend practising common interview questions and having examples ready that showcase your organisational skills and ability to manage multiple tasks.

✨Tip Number 3

Don’t just apply anywhere; focus on companies that align with your values. Check out our website for roles that excite you, and tailor your approach to show how you can contribute to their underwriting operations.

✨Tip Number 4

Follow up after interviews! A quick thank-you email can keep you top of mind. It shows your enthusiasm for the role and gives you another chance to highlight why you’re the perfect fit for their team.

We think you need these skills to ace Insurance Operations Specialist

Underwriting Operations Knowledge
Organisational Skills
Data Entry
Document Management
Bordereaux Management
Compliance Monitoring
Task Prioritisation
Timeline Management
Record Keeping
Policy Development
Training and Guidance
Quality Assurance
Collaboration Skills
Regulatory Knowledge
Continuous Improvement

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your experience in underwriting operations and any relevant skills. We want to see how your background aligns with the role, so don’t be shy about showcasing your strengths!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how you can contribute to our team. Keep it concise but engaging – we love a good story!

Show Off Your Organisational Skills: Since this role requires excellent organisational skills, make sure to mention any experiences where you’ve successfully managed multiple tasks or projects. We’re looking for evidence that you can keep things running smoothly!

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re keen on joining our team at StudySmarter!

How to prepare for a job interview at Ryan Specialty

✨Know Your Underwriting Basics

Make sure you brush up on your understanding of underwriting operations. Familiarise yourself with key terms and processes, especially around bordereaux management and compliance tasks. This will show that you're not just interested in the role but also have a solid grasp of what it entails.

✨Show Off Your Organisational Skills

Since this role requires excellent organisational skills, be prepared to discuss how you've managed multiple tasks in previous jobs. Use specific examples to illustrate how you prioritised tasks and resolved bottlenecks. This will demonstrate your ability to keep things running smoothly.

✨Prepare for Team Coordination Questions

Expect questions about how you would coordinate with underwriters, brokers, and clients. Think of examples where you've successfully collaborated with different teams. Highlight your communication skills and how you ensure everyone is on the same page.

✨Stay Updated on Industry Changes

Research recent changes in industry regulations and company policies related to underwriting. Being knowledgeable about current trends shows your commitment to continuous improvement and your proactive approach to the role. It’s a great way to impress your interviewers!

Insurance Operations Specialist
Ryan Specialty
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