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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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 valuable experience, training opportunities, and a supportive work environment.
  • Why this job: Kickstart your career in insurance and develop your skills in a dynamic industry.
  • Qualifications: Ideal for recent graduates or those with 1-2 years in General Insurance.
  • Other info: Embrace diversity and inclusion in a company that values your growth.

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.

Equality and inclusion

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 Underwriting

Starr Insurance Companies is an exceptional employer, offering a dynamic work environment that fosters professional growth and development. With a commitment to inclusivity and merit-based advancement, employees benefit from first-class training opportunities and the chance to build meaningful relationships within the industry. Located in a vibrant city, this role as an Underwriting Assistant provides a unique opportunity to be part of a rapidly growing global organisation, where your contributions directly impact the success of the team.
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Contact Detail:

Starr Underwriting 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 working in underwriting. A friendly chat can lead to insider info about job openings and even referrals.

✨Tip Number 2

Prepare for interviews by brushing up on your knowledge of underwriting processes and regulations. Show us you’re keen by discussing recent trends in the insurance market during your chat with potential employers.

✨Tip Number 3

Don’t just apply anywhere; focus on companies that align with your values. At StudySmarter, we believe in finding the right fit, so make sure to check out our website for roles that excite you!

✨Tip Number 4

Follow up after interviews! A quick thank-you email can keep you top of mind. It shows your enthusiasm and professionalism, which is exactly what we look for in candidates.

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 Collation
Bordereaux Monitoring
Data Entry Accuracy
Compliance Knowledge
Interpersonal Skills
Numerical Skills
IT Skills
Analytical Skills
Attention to Detail
Knowledge of General Insurance

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 analytical skills and 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 underwriting and how your skills align with our needs. Keep it concise but engaging – we want to see your personality!

Show Off Your Tech Skills: Since the role involves Power BI reporting, make sure to mention any experience you have with data analysis tools. If you’ve worked with similar software, let us know – we love tech-savvy candidates!

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts!

How to prepare for a job interview at Starr Underwriting

✨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 a numbers person, but someone who can apply those skills effectively.

✨Familiarise Yourself with Power BI

Since the role involves managing Power BI reporting, it’s crucial to have a basic understanding of this tool. If you haven’t used it before, consider watching some tutorials or reading up on its functionalities. Being able to speak about your familiarity with Power BI during the interview will definitely give you an edge.

✨Understand Compliance Standards

Compliance is key in the insurance industry. Make sure you understand the basics of compliance standards and regulations relevant to underwriting. You could even prepare a few examples of how you’ve ensured compliance in past experiences, as this will demonstrate your attention to detail and integrity.

✨Show Your Passion for Learning

The job description mentions a desire for candidates who are keen to develop their knowledge. Be ready to discuss any steps you’ve taken to further your education or skills, such as pursuing CII qualifications or attending relevant workshops. This will highlight your commitment to growth and development in the field.

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

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