At a Glance
- Tasks: Support the Underwriting team with data entry, quality checks, and policy queries.
- Company: Join Starr Insurance, a global leader in insurance and investment since 1919.
- Benefits: Enjoy comprehensive training, diverse work culture, and opportunities for growth.
- Other info: This role is perfect for high school and college students looking to kickstart their careers.
- Why this job: Be part of a fast-growing company making an impact across 128 countries.
- Qualifications: No specific experience required; just a willingness to learn and grow.
The predicted salary is between 36000 - 60000 £ per year.
Role Purpose
To support the Financial Lines Underwriting divisions through defined administrative responsibilities
Responsibilities
Enter risk and policy data in to the Underwriting system(s) within the defined Service Level Agreements.
Undertake peer-to-peer quality assurance checks within the defined Service Level Agreements.
Ensure all risk and policy queries are communicated through the appropriate channels and responded to in a timely manner.
Process unmatched USMs within the defined Service Level Agreements and escape any issues through the appropriate channels.
Ensure all tasks are completed for month-end close.
Assist with credit control and provide support to the credit control team with aged debt and excess cash queries when required.
Attend team, departmental and divisional meetings to build, and maintain, internal relationships and continue understanding of the business.
Scan and store all documentation in to the document management storage folders as required.
Ensure that Underwriting files are complete and accurate. Obtain any outstanding items from the underwriting team.
Assist with, and drive forward, company projects as required.
Assist with the training of new team members and act as a Subject Matter Expert as requested by the management team.
Undertake other appropriate ad-hoc tasks as requested by the management team.
Maintaining business logs and renewal pipeline spreadsheets.
Assist with peer review
Ensure PBQA/CC is complete
Assist with collating information for binder/lineslip renewals
Assist FL Portfolio analyst as required
Responsibilities are all internal focused, UWAs will be required to deal with brokers and external third parties.Thinking aged debt, chasing brokers for missing file documents, etc.
Assist with internal and external audits
Ad hoc reporting as required
Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately.
Operate within the Company’s standards for Treating Customers Fairly.
Manage any potential conflicts of interest to avoid disrepute to the company’s integrity.
Advise Compliance of any complaints immediately.
Experience
This is the perfect opportunity for a candidate with 6 months’ – 1 years office experience or a recent graduate or a well qualified school leaver.The ideal candidate will be highly numerate, have a strong work ethic, high attention to detail, excellent IT and analytical skills and possess the drive to advance their career within the Insurance sector.
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.
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Underwriting Administrator - Financial Lines in London employer: Starr Insurance Companies
Starr Insurance Companies is an exceptional employer, offering a dynamic work environment in the heart of London where employees are encouraged to grow and develop their skills. With a strong commitment to diversity and inclusion, we provide comprehensive training and development opportunities, ensuring that our team members thrive in their careers while contributing to meaningful projects within a globally recognised organisation.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Administrator - Financial Lines in London
✨Tip Number 1
Familiarise yourself with the insurance industry, particularly financial lines. Understanding key concepts and terminology will help you engage in meaningful conversations during interviews and demonstrate your enthusiasm for the role.
✨Tip Number 2
Network with professionals in the underwriting field. Attend industry events or join relevant online forums to connect with current employees at Starr Insurance Companies. This can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare for potential interview questions by practising your responses to common scenarios faced in underwriting administration. Think about how you would handle data entry errors or manage communication with clients regarding policy queries.
✨Tip Number 4
Showcase your organisational skills and attention to detail during any interactions with the company. Whether it's through emails or conversations, demonstrating these traits will align well with the responsibilities of the Underwriting Administrator role.
We think you need these skills to ace Underwriting Administrator - Financial Lines in London
Some tips for your application 🫡
Understand the Role:Read the job description thoroughly to understand the responsibilities and requirements of the Underwriting Administrator position. Tailor your application to highlight relevant experience and skills that align with these duties.
Craft a Strong CV:Ensure your CV is up-to-date and clearly outlines your administrative experience, particularly in underwriting or insurance. Use bullet points to make it easy to read and focus on achievements that demonstrate your ability to handle tasks like data entry and quality assurance.
Write a Compelling Cover Letter:In your cover letter, express your enthusiasm for the role and the company. Mention specific aspects of Starr Insurance Companies that attract you, and explain how your background makes you a suitable candidate for the Underwriting Administrator position.
Proofread Your Application:Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for the administrative tasks involved in this role.
How to prepare for a job interview at Starr Insurance Companies
✨Understand the Role
Make sure you thoroughly understand the responsibilities of an Underwriting Administrator. Familiarise yourself with tasks like data entry, quality assurance checks, and compliance regulations. This will help you answer questions confidently and demonstrate your knowledge.
✨Prepare for Technical Questions
Expect questions related to underwriting processes and financial regulations. Brush up on relevant terminology and procedures, as well as any software tools commonly used in the industry. Showing that you have a grasp of these concepts will impress your interviewers.
✨Showcase Your Communication Skills
As the role involves responding to queries and participating in meetings, highlight your communication skills. Prepare examples of how you've effectively communicated in previous roles, especially in resolving issues or collaborating with team members.
✨Demonstrate Attention to Detail
Since accuracy is crucial in underwriting, be ready to discuss how you ensure attention to detail in your work. You might want to share specific examples where your meticulousness has led to successful outcomes or prevented errors.
