Underwriting Assistant (A&H 12M FTC)
Underwriting Assistant (A&H 12M FTC)

Underwriting Assistant (A&H 12M FTC)

City of London Full-Time 30000 - 42000 £ / year (est.) No home office possible
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Starr Insurance Companies

At a Glance

  • Tasks: Support the Underwriting division with data monitoring and compliance checks.
  • Company: Join a leading global insurance organisation with a rich history.
  • Benefits: Gain first-class training, career development, and an inclusive work environment.
  • Why this job: Perfect for those passionate about insurance and eager to learn in a dynamic setting.
  • Qualifications: 1-2 years in General Insurance or recent graduates with strong numerical skills.
  • Other info: Opportunity to build relationships and grow your career in a supportive team.

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

Overview

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 Underwriting division through defined 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

  • Responsibility for aggregate monitoring data Slip Pre bind quality checks Responsibility for Premium monitoring and related queries Manage power BI reporting on performance management and act as Power BI champion for the team Upload exposure data onto Sequal for accumulation monitoring Collate and monitor reinsurance data Bordereaux monitoring (missing BDX) Filing – ensure files are complete and accurate. Oversee accuracy of data entry on system. Assist with compliance queries on renewals and new business. Assist with delegated underwriting queries on renewal and new business. Maintain and present the following reporting – Risk log, renewal reports, top 10 individual exposures, top 10 Group/event exposures, peer review outstanding, top debtors (+/-), decline reports.
  • Wording database management Manage PPL – Pull declarations, endorsements, slips and any leader only agreements to ensure files complete.
  • Manage PPL – Pull declarations, endorsements, slips and any leader only agreements to ensure files complete
  • 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 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 numerical, 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.

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Underwriting Assistant (A&H 12M FTC) 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 through first-class training and development opportunities. With a strong commitment to inclusivity and merit-based recruitment, we foster a culture that values diversity and collaboration, making it an ideal place for individuals passionate about the insurance industry to thrive and build meaningful careers.
Starr Insurance Companies

Contact Detail:

Starr Insurance Companies Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Underwriting Assistant (A&H 12M FTC)

✨Tip Number 1

Network like a pro! Reach out to people in the insurance industry, especially those who work at Starr. A friendly chat can open doors and give you insights that a job description just can't.

✨Tip Number 2

Prepare for interviews by brushing up on your knowledge of underwriting processes and compliance standards. Show us you’re not just a candidate, but someone who’s genuinely interested in the role and the company.

✨Tip Number 3

Don’t forget to showcase your analytical skills! Bring examples of how you've used data in past roles or projects. We love seeing candidates who can think critically and manage data effectively.

✨Tip Number 4

Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows us you’re serious about joining the Starr team. Let’s make it happen!

We think you need these skills to ace Underwriting Assistant (A&H 12M FTC)

Data Monitoring
Premium Monitoring
Power BI Reporting
Exposure Data Management
Reinsurance Data Management
Compliance Knowledge
Attention to Detail
Interpersonal Skills
Numerical Skills
Analytical Skills
File Management
Treating Customers Fairly Standards
Conflict of Interest Management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Underwriting Assistant role. Highlight any relevant experience in General Insurance or the London Market, and don’t forget to showcase your numerical and analytical skills!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to express your passion for the insurance industry and how you can contribute to our team. Be sure to mention any specific skills that align with the responsibilities listed in the job description.

Showcase Attention to Detail: Since this role requires a high attention to detail, make sure your application is free from typos and errors. Double-check everything before hitting send – we love candidates who take pride in their work!

Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to see what you bring to the table!

How to prepare for a job interview at Starr Insurance 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’ve used data in previous roles or projects. This will show your potential employer that you’re not just familiar with numbers but can also analyse and interpret them effectively.

✨Understand the Industry

Familiarise yourself with the insurance industry, especially the specifics of general insurance and the London Market. Research Starr Insurance Companies and their role in the market. Being able to speak knowledgeably about the company and its operations will impress your interviewers and demonstrate your genuine interest in the position.

✨Prepare for Compliance Questions

Since compliance is a key part of the role, be ready to answer questions about regulatory standards and how you would handle compliance queries. Think of examples from your past experience where you ensured compliance or dealt with similar challenges. This will highlight your attention to detail and understanding of the importance of regulations.

✨Showcase Your Interpersonal Skills

Strong interpersonal skills are crucial for building relationships with brokers. Prepare examples of how you've successfully communicated or collaborated with others in previous roles. This could include teamwork experiences or instances where you resolved conflicts. Demonstrating these skills will show that you can thrive in a collaborative environment.

Underwriting Assistant (A&H 12M FTC)
Starr Insurance Companies
Location: City of London
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