Underwriting Assistant

Role Purpose:

Support and assist underwriters in the process of evaluating and underwriting of treaties.  The candidate should be able to perform various administrative and analytical tasks to assist underwriters and team members assess the risk level of treaties (including carrying out all the relevant compliance checks, gathering all the data) to create a short pack for the Underwriters’ review.  One should focus on developing underwriting skills and technical knowledge whilst working alongside Underwriters to manage existing accounts and future profitable growth successfully.

Role Responsibilities:

• Prepare and report figures and statistics for the business unit or to the team.


• Ensure accurate entry of risks onto the underwriting system.


• Ensure accurate entry of policy aggregate information onto the relevant software and spreadsheets, as required.


• Copy/scan slips and other risk information, as requested.


• Ensure the records and files are maintained and up to date.


• Demonstrate the ability to liaise with brokers, clients, reinsurers, and others as necessary.


• Support the preparation of the business plan and any other document/ information as required.


• Support the monitoring and control of the business, as directed by Underwriters.


• Assist underwriters in delivery of their accountabilities and support with efficient operation of the business.


• Prepare and report figures and statistics to the Underwriter on an ad hoc basis.


• Maintain all underwriting records accurately and efficiently.


• Promote the development of the business.


• Liaise with and assist the claims department when required in the settlement of claims.


• Demonstrate awareness of, and adherence to:
  
  
  
  • data governance framework; escalating material issues in a timely manner
  
  
  • risks in your area; working within the parameters of the framework, including recording of losses or near misses.
  
  
  • the document management policy, whether as document author, reviewer, or user
  
  
  
  

Skills & Experience:

Essential:

• Demonstrated understanding of business objectives and the market in which we operate.


• Intellectual curiosity and working as a positive member of the team.


• Ability to plan and organise own role effectively.


• Understanding of accounting principles


• Mathematical and statistical ability


• Strong understanding of risk management and governance framework and how own role fits into it


• Underwriting discipline


• A practical understanding and analysis of risk, pricing, contract wordings, and claims


• Ability to promote own profile and ASR to brokers and clients.


• Demonstrated analytical and problem-solving skills.


• Effective communication and rapport building skills.


• Effective influencing skills

Desirable:

• Ability to be assertive when appropriate.


• Ability to use appropriate systems to the technical level required.


• Two years of insurance / reinsurance experience


• Understanding of insurance / reinsurance terms and meanings