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- Tasks: Support underwriters by processing new business and analysing data for Lloyds Property Binders.
- Company: Join Travelers, a leading property casualty insurer with a culture of innovation.
- Benefits: Enjoy 25+ days holiday, private medical insurance, and a wellness programme.
- Why this job: Make an impact in the insurance industry while developing your career in a supportive environment.
- Qualifications: Previous experience in insurance and willingness to study for ACII qualification.
- Other info: Flexible hybrid work arrangements and opportunities for community involvement.
The predicted salary is between 36000 - 60000 £ per year.
Who Are We?
Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.
Target Openings
1
What Is the Opportunity?
We are looking for an Assistant Underwriter to join our Property Binders portfolio team in London. You’ll ideally have some previous experience in a similar role within Lloyds Property Binders and use this experience to support the Underwriters by processing new business, renewals and mid term adjustments. You’ll be responsible for analysing data, responding to ad hoc queries from stakeholders internally and externally and liaising with brokers.
Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.
What Will You Do?
- Support the overall profitability, growth and retention of your assigned Line of Business and consistency of all related underwriting initiatives.
- Ensure that business is written in accordance with the Company’s policies, procedures and controls (including audit requirements) at all times, and adheres to Lloyds Underwriting Management Standards ensuring business is only accepted in accordance with individual underwriting authority where relevant, with approval under the Lloyds Individual Registration Byelaw, and the Unit’s business plan for the relevant year.
- Utilise appropriate systems to accurately enter quotes, risks and endorsements, so as to ensure correct management, statistical and regulatory reporting.
- Assist the underwriters on a day to day basis to ensure a timely and professional service to clients.
- Promote Travelers Line of Business, distribution strategy and philosophy and provide guidance on the Company’s underwriting philosophy, procedures and requirements by building strong partnerships with Agents, Brokers and Customers.
- May gather data and prepare reports to support the professional execution of corporate/business underwriting policies/standards.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- Previous experience working within London Insurance Market preferred.
- Able to effectively share information and build team support.
- Able to communicate clearly.
- Able to develop effective working relationships internally and externally.
- Able to perform in a business professional manner with a positive attitude.
- Able to determine priorities and effectively schedule time.
- Able to ask for assistance in setting deadlines.
- Expected to either already be studying, or be willing to study towards ACII qualification through an apprenticeship.
What is a Must Have?
- Previous work experience required.
- Previous experience of Windows MS Office.
- Secondary level education or equivalent required.
What Is in It for You?
- Private Medical Insurance:On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
- Retirement:Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
- Holiday Entitlement:Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
- Wellness Programme:The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
- Volunteer Encouragement:We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.
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Assistant Underwriter – Lloyds Property Binders employer: Travelers
Contact Detail:
Travelers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Underwriter – Lloyds Property Binders
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who have experience with Lloyds Property Binders. A friendly chat can lead to valuable insights and even job referrals.
✨Tip Number 2
Prepare for interviews by researching Travelers and understanding their culture. We want to see your enthusiasm for innovation and collaboration, so think of examples from your past that showcase these qualities.
✨Tip Number 3
Practice your communication skills! As an Assistant Underwriter, you'll need to liaise with brokers and stakeholders. Role-play common scenarios with a friend to boost your confidence and clarity.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining our team at Travelers.
We think you need these skills to ace Assistant Underwriter – Lloyds Property Binders
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Assistant Underwriter role. Highlight any relevant experience in Lloyds Property Binders and showcase your skills that align with the job description. We want to see how you can contribute to our team!
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 previous experience makes you a great fit. Remember, we love innovation and collaboration, so let that enthusiasm come through!
Be Clear and Concise: When filling out your application, keep your language clear and to the point. Avoid jargon unless it's relevant to the insurance industry. We appreciate straightforward communication, so make it easy for us to see your qualifications.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to the right people. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Travelers
✨Know Your Stuff
Make sure you brush up on your knowledge of Lloyds Property Binders and the insurance market. Familiarise yourself with key terms, recent trends, and the specific responsibilities of an Assistant Underwriter. This will help you answer questions confidently and show that you're genuinely interested in the role.
✨Showcase Your Experience
Prepare to discuss your previous experience in underwriting or related roles. Think of specific examples where you've successfully processed new business or handled renewals. Highlight how your skills can directly support the underwriters and contribute to the team's success.
✨Build Rapport
During the interview, focus on building a connection with your interviewers. Ask insightful questions about their team dynamics and the company culture. This not only shows your interest but also helps you gauge if you'd be a good fit for their collaborative environment.
✨Be Ready for Scenarios
Expect scenario-based questions that assess your problem-solving skills and decision-making process. Prepare by thinking through potential challenges you might face as an Assistant Underwriter and how you would approach them. This will demonstrate your analytical abilities and readiness for the role.