Location: London
Salary Range: £32,500
Type: Hybrid, 12-month Fixed-Term Contract
This role provides essential support to the Underwriting division by carrying out a variety of operational and administrative responsibilities. The Underwriting Assistant will ensure all tasks are performed within the scope of delegated authority, while maintaining compliance with internal standards, industry regulations, and underwriting controls.
Experience:
- Minimum of 2 years’ experience in a similar role
- Familiarity with Lloyd’s and London Market premium and claims processing
- Understanding of Lloyd’s Franchise Board standards
- Knowledge of Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) frameworks
- Exposure to casualty or accident & health lines of business
- Understanding of slip and file construction standards
- Awareness of reinsurance principles
- Working knowledge of underwriting clauses and wordings
- Good knowledge of underwriting processes and lines of business
- High accuracy in data entry
- Advanced numeracy and analytical skills
- Strong verbal and written communication
- Ability to resolve problems and think critically
- Professional business writing and presentation skills
- Proficient in Microsoft Office, particularly Excel, Word, and Outlook
- Familiarity with Power BI – ability to act as team champion
- Experience using underwriting systems such as Eclipse and Sequel
- Cert CII (Certificate in Insurance) or working towards it
- Maintain and monitor aggregate exposure data
- Conduct pre-bind slip quality checks
- Monitor premiums and respond to related queries
- Manage Power BI reporting and performance dashboards
- Upload exposure data onto internal systems for accumulation tracking
- Collate and monitor reinsurance information
- Monitor bordereaux submissions and highlight missing data
- Ensure accurate and complete file maintenance and document filing
- Validate data entry across internal systems
- Support compliance checks for renewals and new business submissions
- Assist with delegated underwriting authority reviews and compliance
- Maintain and regularly present key reporting including:
- Risk log
- Renewal pipeline
- Top 10 individual exposures
- Top 10 group/event exposures
- Outstanding peer reviews
- Top debtors
- Decline activity reports