At a Glance
- Tasks: Support underwriting teams with data entry, quality checks, and project assistance.
- Company: Join a leading insurance company committed to inclusivity and career growth.
- Benefits: Gain valuable experience, competitive salary, and opportunities for professional development.
- Other info: Dynamic team environment with opportunities for advancement and learning.
- Why this job: Kickstart your career in the insurance sector while making a real impact.
- Qualifications: Ideal for recent graduates or school leavers with strong analytical skills.
The predicted salary is between 25000 - 32000 £ per year.
Role Purpose: To support the Financial Lines Underwriting divisions through defined administrative responsibilities.
Responsibilities:
- Enter risk and policy data into the Underwriting system(s) within defined Service Level Agreements (SLAs).
- Undertake peer-to-peer quality assurance checks within defined SLAs.
- Ensure all risk and policy queries are communicated through the appropriate channels and responded to in a timely manner.
- Process unmatched USMs within defined SLAs and elevate any issues through the appropriate channels.
- Ensure all tasks are completed for month-end close.
- Assist with credit control and support 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 into 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.
- Maintain 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.
- 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.
Qualifications:
- 6 months to 1 year of office experience, a recent graduate, or a well-qualified school leaver.
- Highly numerate with strong work ethic, high attention to detail, and excellent IT and analytical skills.
- Drive to advance career within the Insurance sector.
EEO Statement: Starr is an equal opportunity employer, and we 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 are committed to an inclusive environment for all employees.
Underwriting Administrator - Financial Lines employer: Starr Underwriting Agents Limited
At Starr, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and professional growth. Our commitment to employee development is evident through comprehensive training programmes and opportunities for career advancement within the insurance sector. Located in a vibrant area, we provide a supportive environment where diversity is celebrated, ensuring that every team member feels valued and empowered to contribute meaningfully.
Contact Details:
Starr Underwriting Agents Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Administrator - Financial Lines
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and role thoroughly. Understand their values and how you can contribute. Practise common interview questions and have your own ready to show your interest.
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. It shows your enthusiasm and professionalism, which is always a plus.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you, and applying directly can sometimes give you an edge over other candidates.
We think you need these skills to ace Underwriting Administrator - Financial Lines
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriting Administrator role. Highlight any relevant experience, especially in administrative tasks or the insurance sector, and don’t forget to showcase your attention to detail!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your skills align with the responsibilities listed. Keep it concise but engaging!
Showcase Your Skills:We love seeing strong IT and analytical skills! Be sure to mention any software or tools you’re familiar with that relate to data entry or document management, as these are key for this position.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Starr Underwriting Agents Limited
✨Know Your Numbers
As an Underwriting Administrator, you'll be dealing with a lot of data. Brush up on your numerical skills and be ready to discuss how you've handled data in previous roles or projects. This will show your potential employer that you’re not just detail-oriented but also comfortable with the analytical side of the job.
✨Familiarise Yourself with SLAs
Service Level Agreements (SLAs) are crucial in this role. Make sure you understand what SLAs are and how they apply to underwriting processes. You could even prepare examples of how you've met deadlines or managed tasks within set timeframes in past experiences.
✨Show Your Team Spirit
This position involves a lot of teamwork and communication. Be prepared to talk about your experience working in teams, how you’ve built relationships, and any instances where you’ve helped train or support colleagues. Highlighting your collaborative skills will resonate well with the interviewers.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific situations, like managing aged debt or processing unmatched USMs. Think through some scenarios beforehand and outline your thought process. This will demonstrate your problem-solving abilities and readiness for the challenges of the role.
