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Assistant Underwriter

DCR 1149

An exciting new opportunity is available with this household name based in the City of London for an Assistant Underwriter (Property insurance background required).  Should have the relevant background and a Bachelors Degree or the equivalent in insurance.

Initially this is a 1 year contract with potentially a full time opportunity becoming available.

Excellent benefits and working conditions

Fixed-term contract (12 months)

  • - Notice period: Prefers those who start immediately. 
  • - Salary: £30K - £40K (depends on experience)
  • - Discretionary bonus
  • - Pension Scheme
  • - Annual leave entitlement of 28 days holiday (inclusive of 8 public and bank holidays)
  • - Lunch allowance
  • - Group Life Assurance Scheme
  • - Private Medical Insurance

ASSISTANT UNDERWRITER

Main purpose and objective of the role

The principle purpose of the role is to develop new business and use their in-depth knowledge of risks and the insurance market to arrange suitable insurance policies for the clients and advise clients on making a claim and their risk management.

Key responsibilities

  • Develop business relationships and networking with the Company’s business partners (brokers, agents and intermediaries).
  • Building and maintaining ongoing relationships with clients including scheduling and attending meetings and understanding the nature of their business.
  • Understand specific accounts in order to assist Underwriters and other stakeholders.
  • Work closely with Underwriters to support the portfolios and increase technical underwriting knowledge.
  • Assist Underwriters with business development and market intelligence research.
  • Statistical analysis and interpretation of data, completing regular and ad-hoc reporting.
  • Adhere to underwriting standards, authority and good practice to minimise risk and maximise efficiency whilst ensuring compliance with internal and external regulations and guidelines.
  • Liaise with internal departments ensuring requests for information and guidance are handled effectively.
  • Gathering information from clients to assess their insurance needs and risk profile.
  • Foreseeing clients’ insurance needs such as policy renewals.
  • Renewing or amending existing policies.
  • Collecting premiums and processing accounts.
  • Advising clients on risk management and helping to devise new ways to mitigate risks, for example, by adding security measures to commercial properties.
  • Transcribe data to worksheets and enter data into in-house systems for use in preparing documents and adjusting accounts.
  • Calculate premiums, refunds, commissions, adjustments and new reserve requirements.
  • Marketing and acquiring new clients against competitors.
  • Organise and host presentations and customer visits.
  • General and administrative tasks such as dealing with correspondence and keeping detailed records.

Any other tasks that the company may reasonably assign from time to time, according to business needs.

Qualifications:

  • Bachelor’s Degree or equivalent in insurance, business or related field preferred

Skills & Experience:

  • Good knowledge of the insurance market (property insurance knowledge/experience preferred)
  • Strong communication and interpersonal skills
  • Strong analytical and numerical skills
  • Excellent organisational skills with ability to work to deadlines
  • Sales and negotiation skills
  • Business networking skills and presentation skills
  • Competent IT skills including MS Office (highly proficient in Excel desirable)

 Key Competencies:

  • Accuracy and attention to details
  • Strong customer service focus
  • Drive and motivation for meeting targets
  • Proactive and able to work within a team environment
  • Good business sense
  • Reliability and excellent time management
  • Confidence working with senior members of the insurance market
  • Confidentiality
Underwriter experience/ Property/ Degree
Contract
London
£30-40,000
2021-08-31
2021-09-30
Zoë Calver or Tracey Di Valentine
01784 450 111 or 0203 2430077
info@divalentinecalver.co.uk

Contact Details

Essex: 0203 2430077
Heathrow: 01784 450 111
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.