Underwriting Assistant

Underwriting Assistant London, England

The Ardonagh Group
Full Time London, England 36587 - 47331 GBP ANNUAL Today
Job description

Job Title: Underwriter

Purpose of the Role: -

To work in the equinox Lectio team as an underwriter to help deliver growth and expansion of this cross class underwriting facility.

Key Role Accountabilities:

  • Delivery of daily tasks in a timely and accurate manner.
  • Working compliantly with the Authority delegated by insurers.
  • Daily tasks can include, but are not limited to:
    • Review risks and submissions received from the brokers to assess if the risk is in line with the criteria set out in the Delegated Underwriting Agreement (DUA).
    • Liaise with brokers to explain where these risks are outside of this scope and why we are declining.
    • Send formal offers of lines on risks that are in scope, ensuring the line size is within those set out in the DUA, particularly across complex multi-layer programs.
    • Checking firm order slips meet requirements and formally binding lines via PPL or Whitespace.
    • Review and agree or refer endorsements.
    • Send final slips for processing and, where required, aggregate teams for reporting to insurers.
  • Build good working relationships with the various broking teams.
  • Build good working relationships with capacity providers.
  • Participate in regular insurer meetings to review progress of the facility.
  • Participate in regular team meetings to:
    • Review our progress against targets.
    • identify and suggest improvements for growth areas.
    • Suggest improvements in process to help efficiency.
  • Option to participate in:
    • review of other data and reports if suitable
    • DUA renewal and endorsements throughout the year

Qualifications & Experience:

  • Familiar with the layout of the London MRC contract
  • Experience with underwriting submissions is desirable.
  • Knowledge of Property, Financial Lines, Marine, Specie, Terrorism or Cargo insurance is preferable.
  • A-levels with GCSE (or equivalent) passes in Maths and English
  • High level proficiency in MS Outlook, Word, and Excel – PowerPoint experience can be beneficial also.
  • Strong negotiation, influencing skills, analytical, verbal, and written communication skills are valuable.

Person Specification:

  • The role has the option of being a permanent home worker with ability to travel to London when required. As such you should have the ability to be self-motivated/disciplined but also be a team player.
  • Accuracy and attention to detail is critical as well as the ability to handle multiple priorities during busy periods.
  • You should be comfortable working with employees at all organisational levels.

Underwriting Assistant
The Ardonagh Group

www.ardonagh.com
London, United Kingdom
David Ross
Unknown / Non-Applicable
51 to 200 Employees
Company - Private
Insurance Agencies & Brokerages
Insurance
2017
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