Location: London/ Hybrid
Salary: Competitive
About the role
The client is headquartered in London and has a presence in Australia, employing over 250 people globally. We are proud of our unique and rich history of trading in the Lloyd’s market, both as a Syndicate and Members’ Agency. Our long-standing workforce are our greatest asset; the expertise and knowledge they bring has resulted in our successful track record and continues to shape our future growth strategy.
Responsibilities:
- Maintain all documentation in relation to the underwriting process to ensure it remains up to date and relevant for the classes of business written.
- Monitor the business written by the Syndicate via open market.
- Assist in the monitoring adherence to Lloyd’s Minimum Underwriting Standards for all managed syndicates in relation to Underwriting.
- Undertake the preparation of appropriate management reports in a timely fashion in accordance with the Company and compliance requirements.
- Provide cover for other Underwriting Assistants, as required.
- Assist the underwriting team in all administrative aspects of the placement of underwriting risk.
- Liaise with the placing broker throughout the underwriting cycle and policy period to ensure receipt of all necessary documents and manage any credit control issues.
- Assist the Credit Control team in investigating outstanding premium, resolving queries and controlling aged debt.
- Undertake any other related duties as may be reasonably required.
- Working for a regulated Company, you will be expected to perform your duties to the highest of standards, in accordance with the following Conduct Rules as specified by the FCA:
- You must act with integrity
- You must act with due care, skill and diligence
- You must be open and co-operative with the FCA, PRA and other regulators
- You must pay due regard to the interests of customers and treat them fairly
- You must observe proper standards of market conduct.
Skills & experience
- Highly organized, service quality and deadline oriented.
- Have a good knowledge of Microsoft Word & Excel.
- Be able to work under pressure and prioritise a busy workload.
- Be a good team player.
- Once taught, maintain a good working knowledge of processes and procedures in
- respect of Syndicate operations and appropriate reporting procedures.
- Once taught, demonstrate an understanding of Company, FCA, Lloyd’s and other
- Regulators’ compliance requirements.
- Capable of developing and maintaining effective relationships at all levels.
- Competent communication skills, both oral and written.