Underwriting Assistant
Underwriting Assistant

Underwriting Assistant

Full-Time 30000 - 42000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support the UK Insurance Market by managing data, documentation, and process coordination.
  • Company: Join Sompo International, a global leader in insurance and reinsurance.
  • Benefits: Enjoy competitive pay, flexible working, and family-friendly policies.
  • Why this job: Kickstart your career in insurance with hands-on experience and growth opportunities.
  • Qualifications: Strong communication skills and a proactive mindset are essential.
  • Other info: Be part of a diverse team committed to excellence and innovation.

The predicted salary is between 30000 - 42000 £ per year.

As a leading provider of insurance and reinsurance with worldwide operations, we recognise that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.

Sompo has a unique opportunity for an Underwriting Assistant in our Insurance Operations team to support our UK Insurance Market, on a 6-months FTC basis. This role will sit within our London and UK Regions COO function. The Service Delivery team play a vital role in supporting the various business lines within our Underwriting team based in our London, UK office whilst at the same time undertaking transformation activities to broaden and better control the services provided. This exciting opportunity will allow the incumbent to play an integral part in strengthening the operational resilience of the services provided by the Operations function, whilst laying the foundations for a career in Insurance.

Location: This position will be based out of our London office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

What you’ll be doing:

  • Data Collection and Entry: Gathering, validating, and inputting data will include the transposing of policy information from various documents to pricing platforms, policy administration systems or any other relevant systems.
  • Documentation Management: Preparing, organising, and maintaining policy documentation and underwriting files with a functional and working knowledge of ImageRight, Guidewire, Workflow, Document Management Systems, and pricing platforms.
  • Process Coordination: Coordinating with various departments and Outsourced providers to facilitate smooth workflow and timely processing as defined within Standard Operating Procedures. This will include:
  • The management of policies from submission management to booking.
  • Assistance in the preparation of renewals.
  • The management of cash balances.
  • Ensuring KPIs are met in relation to speed and quality.
  • Issue / Query resolution: Supporting effective service delivery, queries will be resolved within established timeframes. This includes:
    • Follow-up on missing documents/information from brokers to ensure completeness of the underwriting information.
    • Management of Outsourced providers queries and errors.
  • Compliance Adherence: Ensuring Standard Operating Procedures are followed, with related controls completed. Support will also be provided to internal/external audit teams and any auditing requirements.
  • Reporting: Input into the operational management dashboard in an accurate and timely manner.
  • Continuous Improvement: Working with other UAs in the Operations department to identify and document opportunities for continuous improvement and efficiency. This will include:
    • Performing functional testing of required IT & Process changes.
    • Participation in change / transformation activities as a Subject Matter Expert.
  • Training: Undertake all required training so as to understand the underwriting process, enabling effective support of the Underwriters. Also, support the training of new team members as they join the team.
  • What you’ll bring:

    • Working knowledge of Insurance Underwriting systems would be useful.
    • Strong problem solving and decision-making abilities.
    • Excellent written and oral communication skills.
    • Exceptional interpersonal skills with the ability to work with a team oriented approach.
    • Ability to work effectively in a fast-paced environment.
    • Proactive mindset.
    • Eye for detail.
    • Logical thinker.
    • Strong time management.
    • Ability to organise efficiently.
    • Confidence to challenge.
    • Competent computer skills – must include Microsoft Excel, Microsoft Word and Microsoft Outlook as a minimum.

    We strive to create exceptional value for our clients and shareholders while maintaining Sompo as an attractive place to work. We foster an environment of ongoing, open dialogue between managers and their direct reports, and believe in an organisational environment where everyone belongs. We proudly are a multi-racial, multi-cultural, global enterprise. We reject all forms of racism, bigotry, prejudice and injustice and continue to invest in building out an inclusive and diverse work environment.

    Underwriting Assistant employer: Sompo

    At Sompo International, we pride ourselves on being an exceptional employer, offering a dynamic work environment in our London office where collaboration and innovation thrive. Our commitment to employee growth is reflected in our comprehensive training programmes and diverse career opportunities, alongside competitive compensation and family-friendly policies that support work-life balance. Join us to be part of a global team that values integrity and excellence, while making a meaningful impact in the insurance industry.
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    Contact Detail:

    Sompo Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Underwriting Assistant

    ✨Tip Number 1

    Network like a pro! Reach out to current employees at Sompo through LinkedIn or industry events. A friendly chat can give you insider info and maybe even a referral!

    ✨Tip Number 2

    Prepare for the interview by knowing your stuff! Research Sompo's values and recent projects. Show them you’re not just another candidate, but someone who truly gets their mission.

    ✨Tip Number 3

    Practice makes perfect! Get a friend to do mock interviews with you. Focus on those tricky questions about teamwork and problem-solving – they love to see how you handle challenges.

    ✨Tip Number 4

    Don’t forget to follow up! After your interview, shoot a thank-you email to express your appreciation. It’s a small gesture that can leave a big impression!

    We think you need these skills to ace Underwriting Assistant

    Data Collection and Entry
    Documentation Management
    Process Coordination
    Issue / Query Resolution
    Compliance Adherence
    Reporting
    Continuous Improvement
    Training
    Knowledge of Insurance Underwriting Systems
    Problem-Solving Skills
    Written and Oral Communication Skills
    Interpersonal Skills
    Time Management
    Organisational Skills
    Proactive Mindset

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV is tailored to the Underwriting Assistant role. Highlight relevant experience and skills that match the job description, like data entry and documentation management. We want to see how you can contribute to our team!

    Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the insurance industry and how your skills align with our values at Sompo. Keep it concise but engaging – we love a good story!

    Show Off Your Attention to Detail: In underwriting, attention to detail is key. Make sure your application is free from typos and errors. A clean, well-organised application reflects your ability to manage documentation effectively, which is crucial for this role.

    Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the info you need about the role and our company culture there!

    How to prepare for a job interview at Sompo

    ✨Know Your Stuff

    Before the interview, make sure you understand the basics of insurance underwriting and the specific systems mentioned in the job description, like ImageRight and Guidewire. Brush up on your knowledge of data collection and documentation management, as these are key aspects of the role.

    ✨Show Off Your Problem-Solving Skills

    Prepare examples from your past experiences where you've successfully resolved issues or improved processes. This will demonstrate your strong problem-solving abilities and proactive mindset, which are crucial for an Underwriting Assistant.

    ✨Communicate Clearly

    Practice articulating your thoughts clearly and concisely. Since excellent written and oral communication skills are essential for this role, consider doing mock interviews with a friend to refine your responses and ensure you can convey your ideas effectively.

    ✨Be a Team Player

    Highlight your ability to work collaboratively in a team-oriented environment. Think of instances where you've worked well with others, especially in fast-paced settings, and be ready to discuss how you can contribute to the collaborative culture at Sompo.

    Underwriting Assistant
    Sompo
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    • Underwriting Assistant

      Full-Time
      30000 - 42000 £ / year (est.)
    • S

      Sompo

      1000-5000
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