Trainee Underwriting Assistant – Lloyd’s
Trainee Underwriting Assistant – Lloyd’s

Trainee Underwriting Assistant – Lloyd’s

Trainee 30000 - 35000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Assist in underwriting by analysing client data and supporting underwriters with daily tasks.
  • Company: Join a leading global financial markets trading company in the heart of London.
  • Benefits: Competitive salary, career development opportunities, and exposure to the insurance market.
  • Why this job: Kickstart your career in insurance with hands-on experience and real impact.
  • Qualifications: Graduate level or equivalent, with A level maths and some coding skills preferred.
  • Other info: Dynamic role with opportunities for growth and learning in a fast-paced environment.

The predicted salary is between 30000 - 35000 £ per year.

For a graduate level candidate (or equivalent) looking to develop a career within the Lloyd’s insurance market this would be an excellent opportunity. Previous exposure to the insurance world is highly preferred, possibly through work experience or temping. A level maths and some coding experience (SQL, R, VBA) would be highly beneficial.

Duties/responsibilities:

  • Extracting client data from broker systems.
  • Analysing client data using database reporting and bespoke analytical tools to assist with pricing.
  • Contract data entry.
  • Liaise externally with the broking community.
  • Carry out day-to-day administration in support of the underwriters.
  • Frequent exposure monitoring and reporting.
  • Calculation of loss estimates from both real and theoretical events from current, past and future contracts written by the company.
  • Realistic Disaster Scenario reporting to the board.
  • Catastrophe modelling and data analysis to support reinsurance purchase.
  • Ad hoc project work as required.

Trainee Underwriting Assistant – Lloyd’s employer: Taylor James Resourcing

As a Trainee Underwriting Assistant at our esteemed Lloyd's insurance firm in London, you will be part of a dynamic and supportive work culture that prioritises employee development and growth. We offer competitive salaries, comprehensive training programmes, and the opportunity to engage with industry experts, ensuring that you build a rewarding career in the insurance market while enjoying the vibrant atmosphere of one of the world's leading financial hubs.
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Contact Detail:

Taylor James Resourcing Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Trainee Underwriting Assistant – Lloyd’s

Tip Number 1

Network like a pro! Reach out to people in the insurance industry, especially those connected to Lloyd’s. Attend events, join online forums, and don’t be shy about asking for informational interviews. You never know who might have the inside scoop on job openings!

Tip Number 2

Show off your skills! If you’ve got any coding experience or analytical skills, make sure to highlight them in conversations. Bring examples of how you’ve used these skills in past roles or projects. It’ll set you apart from the crowd!

Tip Number 3

Prepare for interviews by brushing up on your knowledge of the Lloyd’s market. Understand the basics of underwriting and claims adjusting. We recommend doing some research on current trends in the insurance sector to impress your interviewers.

Tip Number 4

Don’t forget to apply through our website! We’ve got loads of opportunities that might just be perfect for you. Plus, applying directly can sometimes give you a better chance of getting noticed. So, what are you waiting for? Get your application in!

We think you need these skills to ace Trainee Underwriting Assistant – Lloyd’s

Data Analysis
SQL
R
VBA
Analytical Skills
Attention to Detail
Communication Skills
Contract Data Entry
Catastrophe Modelling
Pricing Analysis
Project Management
Exposure Monitoring
Liaising with Brokers
Mathematical Skills

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Trainee Underwriting Assistant role. Highlight any relevant experience, especially if you've dabbled in insurance or have a knack for data analysis. We want to see how your skills fit into our world!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the Lloyd’s insurance market and how your background makes you a great fit. Keep it engaging and personal – we love a bit of personality!

Show Off Your Skills: If you've got coding skills in SQL, R, or VBA, make sure to showcase them! Mention any projects or experiences where you've used these skills, as they can really set you apart from other candidates. We appreciate a tech-savvy applicant!

Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any updates. Plus, it’s super easy – just a few clicks and you’re done!

How to prepare for a job interview at Taylor James Resourcing

Know Your Numbers

Since the role involves a lot of data analysis and financial reporting, brush up on your maths skills. Be prepared to discuss how you've used numbers in past experiences, whether in school projects or internships. This will show your potential employer that you can handle the analytical side of the job.

Familiarise Yourself with Lloyd’s

Do some research on the Lloyd’s insurance market and its unique structure. Understanding how it operates will not only impress your interviewers but also help you answer questions more confidently. You might even want to mention any recent news or trends in the industry to demonstrate your interest.

Show Off Your Tech Skills

If you have experience with SQL, R, or VBA, make sure to highlight this during your interview. Prepare examples of how you've used these tools in previous roles or projects. If you haven't had much experience, consider doing a quick online course to get familiar with the basics before your interview.

Prepare Questions for Them

Interviews are a two-way street, so think of insightful questions to ask your interviewers. Inquire about the team dynamics, the types of projects you might work on, or how success is measured in the role. This shows that you're genuinely interested in the position and eager to contribute.

Trainee Underwriting Assistant – Lloyd’s
Taylor James Resourcing
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