Underwriting Assistant - Yachts in London

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 170 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.

What Is the Opportunity? Business Insurance Specialty provides highly specialised insurance solutions for clients throughout the world and in a variety of industry sectors traded via brokers, through our syndicate at Lloyd's of London and the London market. We are looking for an Underwriting Assistant to support the Yachts underwriting team by administering and logging data, preparing underwriting information and dealing with queries. This is an amazing opportunity to build an Insurance skillset through a blend of mentorship, professional qualifications through an apprenticeship, and on-the-job training. You will work with a collaborative team of underwriters that will provide you with the opportunity to build a unique and successful career within a highly competitive area of the insurance industry.

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?

• Provide administrative support to underwriters, including file maintenance, creating front sheets/workbooks and ensuring the accuracy of quotes, risk and endorsements across all relevant systems dealing with queries if they arise.
• Gather and analyse pertinent information to assist the underwriters to evaluate risks, including sending risks for pricing, monitoring responses to ensure underwriters obtain pricing results in good time.
• Monitor actions from internal and external meetings and follow up with underwriters to ensure points are actioned in a timely manner.
• Assist Operations or Credit Control with resolving queries on overdue premium or aged debt.
• Review and action as appropriate weekly reports to ensure data has been accurately recorded for risks and ensure any outstanding actions highlighted by the reports are completed by you or your underwriting team as required.
• Assist in reviewing broker submissions, endorsements and renewals to ensure accuracy and completeness. Assist underwriters in preparation for broker meetings.
• Communicate with brokers, coverholders, and other stakeholders to gather additional information, clarify underwriting requirements, and address inquiries in a professional and timely manner.
• Ensure that underwriting decisions comply with our underwriting guidelines, Lloyd’s underwriting guidelines, regulatory requirements and enterprise standards.
• Undergo extensive training in order to underwrite, sell to, negotiate with, and influence brokers to manage a profitable book of business.
• Begin to build and understand relationships with Travelers employees within the business unit and across the enterprise in order to share information, discuss cases and begin to create sales plans.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Knowledge: Takes initiative on tasks with the ability to learn the industry, product line, and internal programs and platforms.
• Communication: Demonstrates effective verbal, written and listening communication skills.
• Analytical/Critical thinking: Ability to leverage analytical skills to interpret complex data and assess risk factors.
• Organisation: Detail-oriented, organised and ability to effectively manage your time.
• Inclusion: Ability to work with people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives.
• Presentations: Synthesise and present exhibits, results, and observations to direct manager and team members.
• Technology: Ability to adapt and learn new technology to use it as efficiently as possible.

What is a Must Have?

• A-Levels or similar qualification.

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.

Employment Practices: Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences. If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you. Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit our benefits page.