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- Tasks: Join our Financial Lines team as an Assistant Underwriter, focusing on Commercial D&O.
- Company: Be part of a dynamic Lloyds Syndicate with a strong reputation in the industry.
- Benefits: Enjoy a collaborative team culture and opportunities for professional growth.
- Why this job: Gain hands-on experience in underwriting while developing valuable skills in a supportive environment.
- Qualifications: Experience as an Underwriting Assistant or similar role is essential; strong communication and analytical skills required.
- Other info: Engage in broker events and contribute to team discussions while representing the Syndicate.
The predicted salary is between 36000 - 60000 £ per year.
Company Details
- Experience working within Financial Lines as an Underwriting Assistant or Assistant Underwriter
- Passionate about commercial D&O
- Presentable
- Proactive
- Good communication skills, both verbally and in writing
- Ability to manage time, meet deadlines and prioritise
- Accuracy
- Computer literate with good working knowledge of the Microsoft Office suite
- Good numeric and analytical skills
- Team working
- Customer focused
Responsibilities
We are looking for an experienced Assistant Underwriter to join our Financial Lines team, focusing on Commercial D&O for our Lloyds Syndicate.
- Underwrite within limited underwriting authority and underwriting guidelines to aid senior underwriters;
- Proactive engagement with the underwriters and their brokers to develop individual experience whilst maintaining team culture;
- Monitoring income, signings, chasing late payments and renewals, as required;
- To prepare and provide statistics and information in order to serve the requirements of the underwriting team and clients;
- Provide efficient and timely administrative support for the underwriting team, including photocopying, scanning and entry of risk information where applicable;
- Control of risk information received, including ensuring that it is appropriately and electronically filed;
- Ensuring risk information is kept up to date and correct, and obtaining additional risk information as required;
- Take an active role in departmental meetings and team discussions;
- Participate in Broker entertainment events and positively represent the Syndicate within the marketplace;
- Comply with external and internal regulatory and statutory policies, procedures and regulations;
- Train junior staff as and when required;
- To be aware of all matters relating to the underwriting team and report on this and when required by the business.
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Assistant Underwriter employer: W. R. Berkley Corporation
Contact Detail:
W. R. Berkley Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Underwriter
✨Tip Number 1
Familiarize yourself with the specific requirements and trends in Commercial D&O insurance. This will not only help you understand the role better but also allow you to engage more effectively with underwriters and brokers during discussions.
✨Tip Number 2
Enhance your communication skills by practicing how to present complex information clearly and concisely. This is crucial for both verbal interactions and written reports, as you'll need to convey important data to your team and clients.
✨Tip Number 3
Get comfortable with Microsoft Office tools, especially Excel, as you'll be required to prepare statistics and manage risk information. Consider taking an online course or tutorial to sharpen your skills if needed.
✨Tip Number 4
Network within the industry by attending relevant events or joining professional groups. Building relationships with brokers and other professionals can provide valuable insights and opportunities that may help you stand out in your application.
We think you need these skills to ace Assistant Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience as an Underwriting Assistant or in Financial Lines. Emphasize your skills in commercial D&O and any relevant achievements that showcase your proactive approach and good communication skills.
Craft a Strong Cover Letter: In your cover letter, express your passion for the role and the company. Mention specific experiences that demonstrate your ability to manage time, meet deadlines, and work effectively within a team. Show how you can contribute to the underwriting team.
Highlight Technical Skills: Clearly outline your computer literacy, especially your proficiency with Microsoft Office. If you have experience with risk information management or statistical analysis, be sure to include that as well.
Prepare for Potential Questions: Think about common interview questions related to underwriting and customer focus. Be ready to discuss how you've handled challenges in previous roles and how you can positively represent the Syndicate in the marketplace.
How to prepare for a job interview at W. R. Berkley Corporation
✨Show Your Passion for D&O
Make sure to express your enthusiasm for commercial Directors and Officers (D&O) insurance during the interview. Share any relevant experiences or insights that demonstrate your understanding of this niche within financial lines.
✨Highlight Your Communication Skills
Since good communication is key in this role, prepare examples of how you've effectively communicated with underwriters, brokers, or clients in the past. This will showcase your ability to engage proactively with stakeholders.
✨Demonstrate Your Analytical Skills
Be ready to discuss your numeric and analytical skills. You might be asked to analyze data or provide statistics, so think of specific instances where you've successfully used these skills in previous roles.
✨Emphasize Teamwork and Culture Fit
The company values a strong team culture, so be prepared to talk about your experiences working in teams. Highlight how you contribute to a positive team environment and how you can support junior staff when needed.
