At a Glance
- Tasks: Support Underwriters by processing risks and ensuring data accuracy.
- Company: Leading London Market Insurer with a focus on innovation.
- Benefits: Gain valuable experience in insurance underwriting and develop key skills.
- Other info: Opportunities for continuous improvement and career growth.
- Why this job: Join a dynamic team and make a real impact in the insurance industry.
- Qualifications: Knowledge of Lloyd’s market processes and strong time management skills.
The predicted salary is between 30000 - 40000 £ per year.
We are supporting a Leading London Market Insurer seeking an Operations Assistant to support their Underwriting Function. This role sits as a key contact for Underwriters and other internal stakeholders to ensure timely and accurate processing of risks. This role sits as an excellent opportunity to develop in insurance underwriting.
Responsibilities
- Perform accurate and timely risk and aggregate data entry into key systems.
- Work confidently alongside Underwriting teams and build stakeholder relationships.
- Strengthen knowledge across multiple classes of business underwritten.
- Conduct quality control checks on risk and aggregate data to ensure completeness, accuracy and compliance with internal standards.
- Identify and resolve discrepancies and queries, escalating where appropriate.
- Process and validate USM (Underwriting Signing Messages) and SCM (Signing & Claims Messages) in line with SLAs (Service Level Agreements), investigate and resolve message failures, exceptions and queries.
- Provide Operational support to Underwriting teams, ensuring efficient processing of transactions.
- Assist the Operations Assistant Team Leaders to deliver good results by maintaining agreed SLAs and meeting team KPIs.
- Actively contribute to a continuous improvement culture and identify opportunities to improve process efficiencies, accuracy and control.
- Be a key contact for Underwriters and other internal stakeholders to ensure timely and accurate processing of risks and resolution of queries.
Skills and Qualifications
- Strong knowledge of the Lloyd’s market processes and Syndicate Operations.
- Demonstrates practical knowledge of delegated authority and open market business and understands the operational and contractual differences.
- Familiarity with London Market Systems (e.g. PPL, Whitespace).
- Ability to manage own time well and work to meet numerous deadlines, both individually and alongside others.
Operations Assistant employer: Weareedenbrook
As a leading London Market Insurer, we pride ourselves on fostering a dynamic and inclusive work environment where our Operations Assistants can thrive. With a strong emphasis on employee development, we offer comprehensive training and growth opportunities within the insurance underwriting sector, alongside a culture that values collaboration and continuous improvement. Our central London location not only provides access to a vibrant professional network but also ensures a stimulating atmosphere for personal and career advancement.
StudySmarter Expert Advice🤫
We think this is how you could land Operations Assistant
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those working in underwriting. A friendly chat can open doors and give you insights that might just land you that Operations Assistant role.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Lloyd’s market processes and Syndicate Operations. We want you to feel confident discussing these topics, as they’re key to the role!
✨Tip Number 3
Showcase your problem-solving skills! Be ready to share examples of how you've identified and resolved discrepancies in past roles. This will demonstrate your ability to handle the responsibilities of the Operations Assistant position.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Operations Assistant
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Operations Assistant role. Highlight any relevant experience you have in underwriting or operations, and don’t forget to mention your familiarity with London Market Systems like PPL and Whitespace.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the insurance industry and how your skills align with the responsibilities of the role. Be sure to mention your ability to build relationships with stakeholders.
Showcase Your Attention to Detail:Since this role involves processing risks and conducting quality control checks, make sure to highlight your attention to detail in your application. Share examples of how you've ensured accuracy and compliance in previous roles.
Apply Through Our Website:We encourage you to apply through our website for the best chance of success. It’s the easiest way for us to keep track of your application and ensures you’re considered for the role as quickly as possible!
How to prepare for a job interview at Weareedenbrook
✨Know Your Stuff
Make sure you brush up on your knowledge of the Lloyd’s market processes and Syndicate Operations. Familiarity with London Market Systems like PPL and Whitespace will definitely give you an edge. Be ready to discuss how these systems work and how you've used them in the past.
✨Showcase Your Team Spirit
This role involves working closely with Underwriters and other stakeholders, so highlight your teamwork skills. Prepare examples of how you've successfully collaborated with others to meet deadlines or resolve issues. This will show that you're not just a lone wolf but someone who thrives in a team environment.
✨Be Detail-Oriented
Since accuracy is key in this role, be prepared to discuss how you ensure quality control in your work. Share specific instances where you've identified discrepancies or improved processes. This will demonstrate your commitment to maintaining high standards and your proactive approach to problem-solving.
✨Ask Smart Questions
At the end of the interview, don’t forget to ask insightful questions about the company culture, the team you'll be working with, or the challenges they face in underwriting. This shows your genuine interest in the role and helps you gauge if it's the right fit for you.
