At a Glance
- Tasks: Support the underwriting team with policy records, communications, and administrative duties.
- Company: Join an award-winning international underwriting group experiencing rapid growth.
- Benefits: Gain valuable experience in a dynamic environment with opportunities for career advancement.
- Other info: No prior insurance experience required; just bring your motivation to learn!
- Why this job: Be part of a revolutionary company transforming the insurance industry while developing your skills.
- Qualifications: Strong organisational skills, attention to detail, and a proactive attitude are essential.
The predicted salary is between 30000 - 42000 £ per year.
Volante Global are an award winning, multi-class, international underwriting group, delivering niche, specialist (re)insurance products to a broad distribution network. Employing underwriters with a proven track record in Europe, the Middle East and Canada, we have seen unprecedented growth since starting in 2018, growth that is set to continue over the next 3 – 5 years. In January 2022, Volante’s syndicate 1699 was approved by Lloyd’s under the management of Asta, adding an insurance carrier to the existing MGA model. Guided by market-leading practitioners and powered by A+ to AA++ capacity, Volante revolutionised the MGA model by ensuring that we align with the interest of our stakeholders. Costs and commissions are kept low to ensure competitiveness, and underwriting is focused on profit, rather than income, through a business model that sees us sharing profits with capacity providers. This ethos carries through to the syndicate where support services are centralised and outsourced, and systems are modern and flexible, all adding to an agile style of working.
Provide accurate and timely support to the team, ensuring that policy records are kept up to date. To undertake work and meet the agreed minimum standards and key performance indicators. Internal and external coordination and communications, both written and spoken, in support of efficient and effective risk entry, processing and solving of queries. This includes, but is not limited to, communication with senior management, brokers, credit controllers, and other external stakeholders. General administrative duties. Assist with the completion of pricing models, where necessary. Be the main point of contact for internal underwriting administrative queries, escalating to underwriters where necessary. Awareness of the workloads of others, assisting when necessary to ensure SLAs (Service Level Agreements) are met. Production and drafting of reports as and when required. Sending out renewal reminders to brokers on a monthly basis. Also liaise with brokers for policy documents and primary documents to ensure that contract certainty requirements are met.
Experience required
- Previous insurance industry knowledge and experience is desirable but not essential.
- Ability to work efficiently, accurately, and methodically with a high attention to detail.
- Strong organisational and prioritisation skills with good planning/time management skills to achieve tight deadlines/targets.
- Ability to work independently, and take reasonable initiative, whilst being a team player.
- Analytical ability. A high level of numeracy and literacy.
- Motivated to develop and proactiveness to learn.
- Strong interpersonal and communication skills.
- Competent IT skills, including but not limited to Microsoft Word, Excel and Outlook.
- All round awareness of those aspects of the insurance industry that have a direct bearing on key responsibilities and accountabilities.
Underwriting Assistant in Nottingham employer: Volante Global
Volante Global is an exceptional employer, offering a dynamic work environment that fosters growth and innovation in the insurance sector. With a commitment to keeping costs low and sharing profits with stakeholders, employees benefit from a culture that prioritises collaboration and efficiency. Located in a thriving market, Volante provides ample opportunities for professional development, ensuring that team members can advance their careers while contributing to the company's continued success.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Assistant in Nottingham
✨Dive into Insurance Networking Events
Get your foot in the door by attending local insurance networking events or job fairs. These gatherings are perfect for us to meet potential employers in a casual setting, and you might just find a great connection to help land that entry-level role!
✨Join Online Insurance Communities
Hop onto platforms like LinkedIn or specialised forums centred on insurance. Engage with discussions, ask questions, and showcase your eagerness to break into the industry. This visibility can make you stand out to hiring managers scouring these spaces for fresh talent.
✨Leverage University Resources
If you're fresh out of uni, make sure to utilise your university’s career services. They can connect us with companies looking for entry-level candidates, often before jobs are even advertised. Keep an eye on internship opportunities, as they can lead to full-time positions down the line!
✨Apply Directly Through Us!
Don't forget to check our website for any entry-level openings at Volante Global! Applying directly can give you a better chance to showcase your enthusiasm and passion for the insurance field, plus, it shows you’re keen to take the initiative.
We think you need these skills to ace Underwriting Assistant in Nottingham
Some tips for your application 🫡
Show Your Customer Service Skills:In the insurance industry, customer service is key! Highlight any experience you have in dealing with clients or customers, whether it's through a part-time job or volunteer work. Remember, we love seeing your potential to communicate effectively and empathise with clients in your application!
Tailor Your CV to Insurance Basics:When crafting your CV, don't forget to include any relevant courses or certifications you've taken in insurance or finance. If you've studied topics related to risk assessment or policy management, mention those! It shows us you're serious about getting into the insurance game.
Craft a Compelling Cover Letter:For entry-level roles, your cover letter is your chance to shine! Share why you're passionate about insurance and how you’re eager to learn and grow in this field. We want to see that you're genuinely excited about building your career with Volante Global!
Highlight Your Analytical Mindset:Insurance is all about assessing risks and understanding numbers. Make sure to mention any coursework or experience you have with data analysis or critical thinking. Even if it’s from school projects or personal interests, we want to see that you can think analytically!
How to prepare for a job interview at Volante Global
✨Know Your Basics: The Insurance Fundamentals
Understand the core concepts of insurance, such as risk assessment, underwriting, and claims processes. This knowledge will help us demonstrate our familiarity with the industry and prepare us for any technical questions that might pop up during the interview.
✨Prepare for Behavioural Questions
Insurance companies love behavioural interviews! We should think about times we've shown teamwork, problem-solving, and customer service skills. Reflecting on specific experiences will help us come across as reliable candidates who can handle the challenges of the role.
✨Show Enthusiasm for Learning
As this is an entry-level position, it's crucial to express our eagerness to learn and grow within the company. Employers like Volante Global want to see that we're enthusiastic about diving into the insurance world and building our knowledge base over time.
✨Research Industry Trends
Staying updated on the latest trends in the insurance sector, like digital transformation and regulatory changes, can set us apart. Mentioning these trends during the interview shows that we’re engaged and have a forward-thinking mindset, aligning well with the company’s goals.
