Location: London
Salary Range: £32,000
Reporting to: Senior Underwriter
Type: Permanent
This role supports Underwriters in the day-to-day administration and management of their portfolio. The Underwriting Assistant ensures accurate and timely entry of risk data, maintains organised records, and contributes to various operational and reporting processes. The role also involves liaising with brokers and internal stakeholders to help ensure the smooth operation of underwriting activities.
- Input underwriting risk data into internal systems (e.g., SIMON), including setting up, amending, and completing risk entries.
- Scan and file documents and correspondence in document management systems (e.g., DOCO).
- Prepare peer reviews, pricing sheets, and risk summaries, ensuring documents are signed off and appropriately archived.
- Maintain accurate and up-to-date paper and electronic files, following up on missing documentation as needed.
- Monitor reports for incomplete entries or data errors and liaise with Underwriters or brokers to resolve them.
- Track premium payments and issue notices of cancellation for non-payment, including managing credit control data.
- Maintain and issue notices to review for hull war business as directed by Underwriters.
- Enter and track auto bind declarations, ensuring timely receipt and record updates.
- Assist in compiling data for reinsurance packs, internal reports, and meeting materials.
- Support the preparation of data for Quarterly Business Reviews.
- Contribute to periodic analysis for updating pricing/rating models.
- Begin to build working relationships with market peers, including brokers and underwriters.
- Attend relevant market presentations and industry sessions to build awareness and knowledge.
Skills and Attributes:
- Strong written and verbal communication skills.
- Excellent attention to detail, numerical accuracy, and organisational ability.
- Proactive, with a willingness to learn and take initiative.
- Professional and confident in approach; able to interact with all levels of stakeholders.
- Team-oriented, with a collaborative mindset and a strong work ethic.
- Able to manage multiple tasks and prioritise effectively.
- A developing understanding of the (re)insurance industry and market dynamics.
- Ability to represent the organisation professionally in external communications and meetings.
- Interest in contributing to the company’s values, culture, and strategic goals.
- Eagerness to develop strong networks across the industry.
- Numerate degree not required however A-level Maths is a must
This role is subject to the conduct standards under the Senior Managers & Certification Regime, which include:
- Acting with integrity.
- Acting with due skill, care and diligence.
- Being open and co-operative with regulators.
- Paying due regard to the interests of customers and treating them fairly.
- Observing proper standards of market conduct.
- Ensuring effective delegation and oversight where applicable.
- Appropriately disclosing relevant information to regulatory bodies.