At a Glance
- Tasks: Support the UK Commercial Property division with administrative tasks and underwriting controls.
- Company: Starr Insurance is a leading global insurance and investment organisation, rapidly growing in the industry.
- Benefits: Enjoy flexible working options, first-class training, and a commitment to inclusivity.
- Why this job: Join a dynamic team, develop your skills, and make an impact in the insurance world.
- Qualifications: Ideal for those with 1-2 years in General Insurance or recent graduates eager to learn.
- Other info: Open to discussing reduced hours and remote work during the interview process.
The predicted salary is between 28800 - 43200 £ per year.
Underwriting Assistant (UK Commerical Property – Manchester Office) page is loaded
Underwriting Assistant (UK Commerical Property – Manchester Office)
Apply locations Manchester time type Full time posted on Posted 30+ Days Ago job requisition id JR3068
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 UK Commerical Property 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:
- Oversee the work completed by members of the Underwriting Operations department.
- Perform the following administrating tasks as directed by Underwriting team:
- Data entry into Underwriting systems within a timely fashion;
- Assist in USM matching;
- Ensure all tasks are completed for month-end close; and
- Provide training where applicable.
- Log all bound and quoted risks into the business log immediately.
- Ensure that Underwriting files are complete and accurate. Obtain any outstanding items from the broker or underwriter in readiness for Peer Review.
- Ensure that signings are accurate and are consistent with written confirmations.
- Assist the Credit Control team in investigating outstanding premium, resolving queries and controlling aged debt.
- Produce standard and ad-hoc reporting through the EDW ensuring these are accurate and fit for purpose.
- Assist with company projects as required.
- Ensure that the Peer Review is complete within 30 working days from QA by communicating with the Underwriter.
- Provide PBQA and Contract Certainty oversight ensuring that potential issues are escalated through the appropriate channels.
- Monitor lineslips and binders ensuring that bordereaux/declarations are received and recorded in a timely and accurate fashion.
- Conduct research and analysis on individual transactions of interest.
- Liaise with brokers to discuss new transactions
- Follow up with brokers on outstanding quotes and renewals as directed by the Underwriting team.
- Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately.
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 are 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.
For this role we are open to discussing flexible working options with the possibility of reduced hours, remote working, flexible start and finish times.Please discuss your requirements with us during the interview process and we will explore what’s possible for the role.
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.
About Us
Starr Insurance is a global insurance and investment organization providing property and casualty insurance solutions to business and industry, and one of the fastest-growing insurance companies in the world. Our talented and experienced associates manage risk and ultimately support the profitable growth of organizations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.
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Underwriting Assistant (UK Commerical Property - Manchester Office) employer: Starr Companies
Contact Detail:
Starr Companies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Assistant (UK Commerical Property - Manchester Office)
✨Tip Number 1
Familiarise yourself with the UK commercial property insurance market. Understanding the key players, trends, and regulatory requirements will help you stand out during discussions with interviewers.
✨Tip Number 2
Network with professionals in the insurance industry, especially those working in underwriting. Attend relevant events or join online forums to build connections that could provide insights or referrals for the role.
✨Tip Number 3
Brush up on your analytical skills and IT proficiency, as these are crucial for the role. Consider taking short courses or tutorials that focus on data analysis tools commonly used in underwriting.
✨Tip Number 4
Prepare to discuss your attention to detail and interpersonal skills in interviews. Think of specific examples from your past experiences where you successfully managed tasks that required precision and collaboration.
We think you need these skills to ace Underwriting Assistant (UK Commerical Property - Manchester Office)
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 skills and attention to detail, as these are crucial for the Underwriting Assistant role.
Craft a Strong Cover Letter: In your cover letter, express your passion for the insurance industry and your desire to develop your knowledge. Mention specific skills that align with the responsibilities listed in the job description, such as data entry and analytical abilities.
Highlight Interpersonal Skills: Since building relationships with brokers is key, include examples of how you've successfully communicated or collaborated with others in previous roles or projects. This will demonstrate your strong interpersonal 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 this position.
How to prepare for a job interview at Starr Companies
✨Know Your Numbers
As an Underwriting Assistant, you'll need to demonstrate strong numerical skills. Brush up on your basic maths and be prepared to discuss how you've used these skills in previous roles or studies.
✨Familiarise Yourself with the Industry
Research the UK commercial property insurance market and understand current trends. Being able to discuss recent developments will show your enthusiasm and commitment to the role.
✨Highlight Your Attention to Detail
This role requires a high level of accuracy. Prepare examples from your past experiences where your attention to detail made a significant impact, whether in data entry or project management.
✨Prepare Questions for the Interviewers
Show your interest in the company by preparing thoughtful questions. Ask about their training programmes or how they support career development, which aligns with their commitment to growing talent.