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- Tasks: Support underwriting processes, manage data entry, and assist with reporting and compliance.
- Company: Join Starr Insurance, a global leader in insurance and investment since 1919.
- Benefits: Enjoy first-class training, development opportunities, and a commitment to inclusivity.
- Why this job: Gain hands-on experience in a dynamic environment while building relationships in the insurance industry.
- Qualifications: Ideal for those with 1-2 years in General Insurance or recent graduates eager to learn.
- Other info: This is a 6-month fixed-term contract based in London.
The predicted salary is between 28800 - 43200 £ per year.
Underwriting Assistant – Tech Onshore (6M FTC) page is loaded
Underwriting Assistant – Tech Onshore (6M FTC)
Apply locations 30 Fenchurch Avenue, London, UK time type Full time posted on Posted 30+ Days Ago job requisition id JR3213
Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Role Purpose
To support the Onshore division through defined administrative responsibilities, providing support within Underwriting Controls and utilise the Underwriting Authority granted, within the set parameters, and ensuring compliance with regulatory and Company standards.
Responsibilities:
- Log all bound, quoted, working and declined risks into the SFDC immediately to ensure effective use as a clearance and budgeting tool.
- Liaise with Underwriters to produce the weekly Production Report.
- Assist in the creation of Annual budgets for GWP, Fac RI and Expenses.
- Assist the Credit Control team in investigating outstanding premium, resolving queries and controlling aged debt.
- Produce and monitor department NOC’s.
- Undertake data entry in to the Underwriting Systems as requested by senior stakeholders.
- Assist Underwriters and Underwriting Operations with the month end reconciliation.
- Produce standard and ad-hoc reporting through the EDW and SFDC ensuring these are accurate and fit for purpose.
- Complete Underwriting Frontsheets in a timely manner and ensure completeness of Underwriting files.
- Calculation of material impact of Endorsements and producing Endorsement Frontsheets. Monitoring and logging of endorsements.
- Management of Starr360 process, ensuring electronic files are kept up-to-date.
- Manage the departmental Fac RI log.
- Produce Fac RI documentation including calculation sheets, mud-maps and order forms.
- Work with the Tech Controller and Fac RI team to reconcile errors between the Fac RI Log and Eclipse.
- Assist with, and drive forward, company projects as required.
- Track and report on Engineering fee status. Liaise with Broking Houses to chase engineering fee payment.
- Work with Engineers to review up-coming renewals. Chase the relevant brokers for the necessary engineering reports.
- Assist the engineers in formatting and proofreading the technical reports they produce.
- Assist the engineers in arranging travel where necessary.
- Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately.
- Produce a suite of monthly UW reports encompassing loss ratios, rate change, lapsed / churn, commission and Fac spend.
Experience:
This is the perfect opportunity for a candidate who has 1 – 2 years’ experience in General Insurance or the London Market and is looking to attain CII qualifications, or a recent graduate / well-qualified school/college leaver. We are looking for a candidate who is highly numerate and demonstrates a passion for developing their knowledge of this technical class. The successful candidate will possess strong interpersonal skills in order to build good relationships with brokers and excellent IT and analytical skills. They should also demonstrate a high attention to detail.
Starr is an equal opportunity employer, which means we\’ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we\’re committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
Similar Jobs (1)
Underwriting Assistant (Tech Offshore)
locations 30 Fenchurch Avenue, London, UK time type Full time posted on Posted 30+ Days Ago
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Underwriting Assistant - Tech Onshore (6M FTC) employer: Starr Companies
Contact Detail:
Starr Companies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Assistant - Tech Onshore (6M FTC)
✨Tip Number 1
Familiarise yourself with the insurance industry, particularly the London Market. Understanding key terms and processes will help you engage in meaningful conversations during interviews and demonstrate your enthusiasm for the role.
✨Tip Number 2
Network with professionals in the insurance sector, especially those working in underwriting. Attend industry events or join relevant online forums to build connections that could provide insights or even referrals for the position.
✨Tip Number 3
Brush up on your analytical skills and become proficient in data entry software and reporting tools like SFDC and EDW. Being able to showcase your technical abilities can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your attention to detail and interpersonal skills in interviews. Think of specific examples where you've successfully managed relationships or handled complex data, as these are crucial for the Underwriting Assistant role.
We think you need these skills to ace Underwriting Assistant - Tech Onshore (6M FTC)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in general insurance or the London Market. Emphasise any administrative roles and skills that align with the responsibilities listed in the job description.
Craft a Strong Cover Letter: Write a cover letter that showcases your passion for the insurance industry and your desire to develop your knowledge in this technical class. Mention specific skills such as attention to detail and analytical abilities that are crucial for the role.
Highlight Relevant Experience: If you have 1-2 years of experience in general insurance, make sure to detail your achievements and responsibilities in previous roles. If you're a recent graduate, focus on relevant coursework or projects that demonstrate your numeracy and analytical skills.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is essential for the Underwriting Assistant role.
How to prepare for a job interview at Starr Companies
✨Know Your Numbers
As an Underwriting Assistant, you'll be dealing with a lot of numerical data. Brush up on your numerical skills and be prepared to discuss how you handle data entry and analysis. Highlight any experience you have with financial reports or budgeting.
✨Familiarise Yourself with the Industry
Make sure you understand the basics of general insurance and the London Market. Research Starr Insurance Companies and their role in the industry. Being knowledgeable about the company will show your genuine interest and help you stand out.
✨Demonstrate Attention to Detail
This role requires a high level of accuracy. Be ready to provide examples from your past experiences where your attention to detail made a difference. You might even want to prepare a few scenarios where you caught errors or improved processes.
✨Showcase Your Interpersonal Skills
You'll need to build relationships with brokers and other stakeholders. Prepare to discuss how you've successfully collaborated with others in previous roles. Think of specific instances where your communication skills helped resolve issues or improve teamwork.
