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For Companies At a Glance
- Tasks: Support the Underwriting division and manage insurance documentation.
- Company: Join a leading global insurance organisation with a rich history.
- Benefits: Comprehensive training, professional development, and inclusive work culture.
- Why this job: Kickstart your career in insurance with real-world experience and growth opportunities.
- Qualifications: No prior experience needed; just a passion for learning and teamwork.
- Other info: Dynamic environment with a clear path to becoming an Underwriter.
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 Description
Role Purpose
To support the Underwriting 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. To write profitable business in line with the underwriting plan, using professional judgement to achieve the target premium revenue, return on premium and business growth and to operate in line with the Underwriting Manual, authorisation limits and general compliance/regulatory and Company procedures.
Responsibilities
- Undertake the Graduate Trainee Programme with the aim of becoming an Underwriter within a 2 year period achieving the industry recognised ACII professional qualification.
- Develop an understanding of the technical underwriting principles and the operation of both Lloyds and company platforms and the identification and assessment of risk.
- Develop an understanding of the Risk Engineering principles involved in Power & Process Industries. Create, update and manage Starr systems as appropriate. Evaluate and prepare quotes, renewals and policies. Triage new submissions from brokers.
- Issue documentation in a timely manner. Ensure that the file is complete and contains all relevant documents. Obtain any outstanding items from the broker or underwriter in readiness for Peer Review.
- Establish relationships with junior brokers, discuss policies and insurance coverages with the goal of helping clients manage their risk while protecting Starr’s bottom line. Interact with brokers with a view to securing new busines.
- Attend client meetings, accompanied by an experienced member of the team.
- Provide support to the team leader and other team members where required.
- Perform any other duties which management may, from time to time, reasonably request.
- Participate fully in the educational and scholarly activities of the training program as specified by the program, including attendance at conferences/seminars, and other responsibilities which includes a scholarly project deemed suitable for publication, completion of examinations, maintenance of procedure logs, or other items.
- Learn about other areas of the business and how they work individually and in partnership with various underwriting teams.
Equal Opportunity
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 (Onshore) employer: Starr Underwriting
Contact Detail:
Starr Underwriting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Assistant (Onshore)
✨Tip Number 1
Network like a pro! Reach out to current employees at Starr Insurance on LinkedIn or through mutual connections. A friendly chat can give us insights into the company culture and might even lead to a referral!
✨Tip Number 2
Prepare for the interview by understanding the underwriting process inside out. Brush up on technical terms and recent trends in the insurance industry. We want to show that we’re not just interested, but genuinely passionate about the role!
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or family. This will help us articulate our thoughts clearly and confidently when discussing our skills and experiences related to underwriting.
✨Tip Number 4
Don’t forget to follow up after the interview! A quick thank-you email expressing our appreciation for the opportunity can leave a lasting impression. It shows we’re keen and professional, which is always a plus!
We think you need these skills to ace Underwriting Assistant (Onshore)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriting Assistant role. Highlight any relevant experience or skills that align with the job description, especially in underwriting principles and risk assessment.
Craft a Compelling Cover Letter: Your cover letter should tell us why you’re passionate about insurance and how you can contribute to our team. Use specific examples from your past experiences that demonstrate your understanding of underwriting and compliance.
Showcase Your Attention to Detail: In underwriting, attention to detail is key! Make sure your application is free from typos and errors. This shows us that you can handle the meticulous nature of the role and understand the importance of accuracy.
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 without any hiccups!
How to prepare for a job interview at Starr Underwriting
✨Know Your Underwriting Basics
Before the interview, brush up on your understanding of underwriting principles and the specific responsibilities of an Underwriting Assistant. Familiarise yourself with terms like risk assessment and compliance standards, as this will show your genuine interest in the role.
✨Showcase Your Communication Skills
Since you'll be interacting with brokers and clients, practice articulating your thoughts clearly. Prepare examples of how you've successfully communicated complex information in the past, as this will demonstrate your ability to build relationships and manage client expectations.
✨Prepare Questions About the Company
Research Starr Insurance Companies and prepare insightful questions about their operations, especially regarding their approach to risk management in Power & Process Industries. This shows that you're not just interested in the job, but also in the company’s mission and values.
✨Demonstrate Your Willingness to Learn
As this role involves a Graduate Trainee Programme, express your eagerness to learn and grow within the company. Share any relevant experiences where you’ve taken initiative to develop your skills, as this aligns perfectly with their commitment to training and development.
