Underwriting Assistant London, England
Starr Companies
Full Time
London, England
29617 - 36431 GBP ANNUAL Today
Job description
Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Role Purpose
To support the UK Commerical Property division through defined administrative responsibilities, providing support within Underwriting Controls and utilise the Underwriting Authority granted, within the set parameters, and ensuring compliance with regulatory and Company standards.
Responsibilities:
- Oversee the work completed by members of the Underwriting Operations department.
- Perform the following administrating tasks as directed by Underwriting team:
- Data entry into Underwriting systems within a timely fashion;
- Assist in USM matching;
- Ensure all tasks are completed for month-end close; and
- Provide training where applicable.
- Log all bound and quoted risks into the business log immediately.
- Ensure that Underwriting files are complete and accurate. Obtain any outstanding items from the broker or underwriter in readiness for Peer Review.
- Ensure that signings are accurate and are consistent with written confirmations.
- Assist the Credit Control team in investigating outstanding premium, resolving queries and controlling aged debt.
- Produce standard and ad-hoc reporting through the EDW ensuring these are accurate and fit for purpose.
- Assist with company projects as required.
- Ensure that the Peer Review is complete within 30 working days from QA by communicating with the Underwriter.
- Provide PBQA and Contract Certainty oversight ensuring that potential issues are escalated through the appropriate channels.
- Monitor lineslips and binders ensuring that bordereaux/declarations are received and recorded in a timely and accurate fashion.
- Conduct research and analysis on individual transactions of interest.
- Liaise with brokers to discuss new transactions
- Follow up with brokers on outstanding quotes and renewals as directed by the Underwriting team.
- Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately.
Experience:
This is the perfect opportunity for a candidate who has 1 – 2 years’ experience in General Insurance or the London Market and is looking to attain CII qualifications, or a recent graduate / well-qualified school/college leaver. We are looking for a candidate who is highly numerate and demonstrates a passion for developing their knowledge of this technical class. The successful candidate will possess strong interpersonal skills in order to build good relationships with brokers and excellent IT and analytical skills. They should also demonstrate a high attention to detail.
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
