Assistant Underwriter

Ardonagh Specialty; City Of London; Hybrid; GBP 35,000 - 50,000; Full time

Job summary

A financial services company is seeking an Assistant Underwriter to focus on Financial Lines business in a hybrid role based in London. The ideal candidate will have at least 2 years of insurance experience and be familiar with the London MRC contract. Responsibilities include reviewing risk submissions and liaising with brokers. The role offers competitive salary, benefits, and a supportive work environment.

Benefits

Employer pension contribution of 10%

Good work-life balance

Competitive salary

Life Assurance at X4 of your base salary

Generous Annual Leave entitlement

Private Medical Insurance

Group annual bonus scheme

Qualifications

• Minimum 2 years Insurance experience desired.
• Familiar with the layout of the London MRC contract.
• Experience with underwriting submissions.
• Knowledge of Financial Lines insurance is desired.
• High level proficiency in MS Outlook, Word and Excel.

Responsibilities

• Review risks and submissions from brokers to assess alignment with criteria.
• Send formal offers of lines on risks that are in scope.
• Oversight of portfolio accumulation including limits.

Skills

Negotiation skills

Analytical skills

Communication skills

Attention to detail

Education

A-levels with GCSE passes in Maths and English

Tools

MS Outlook

MS Word

MS Excel

Job description

Overview

Job Title: Assistant Underwriter

Location: London/Hybrid (Typically 2/3 days in the office)

Type: Full time – Permanent (If you are a job share partnership, work reduced hours, or any other way of working flexibly, please do still get in touch)

At Ardonagh Specialty, we provide much more than just a workplace. We are dedicated to fostering skill development and knowledge within a team that is passionate about their work, values their Employees, and truly celebrates diversity.

Working at Ardonagh Specialty means you’ll be part of The Ardonagh Group. We are proud of our innovative environment offering many opportunities for growth across the wider group. Employees regularly move between our united teams, and we encourage you to make your role your own.

Our offices are lively and exciting places to be, but we understand that life needs flexibility, and offer a genuinely flexible approach to working. If you are looking to join a thriving, energetic business with exciting plans, this role could be an ideal fit for you.

What we can offer:

We offer much more than just an inclusive culture with apprenticeships, study support, participation in our annual Spotlight Awards, Community Trust, Sports Teams, office socials, events and so much more. All of this with a supportive management team as well as working alongside some of the industry’s top talent.

You’ll have access to wellbeing programs, fantastic discounts across many big-name businesses including supermarkets, gym memberships, restaurants, and healthcare cash plans etc.

Further perks of working with us (Fixed benefits):

• Employer pension contribution of 10% (providing you, the Employee provides 5%).
• Good work life balance - flexibility to suit you.
• Competitive salary.
• Life Assurance at X4 of your base salary.
• Group Income Protection.
• Generous Annual Leave entitlement.
• Private Medical Insurance.
• Group annual bonus scheme.

Purpose of the Role:

To work in the equinox Lectio team as an underwriter focusing on Financial Lines business to help deliver growth and expansion of this cross class underwriting facility.

Key Role Accountabilities:

Daily tasks can include, but are not limited to:

• Review risks and submissions received from the brokers to assess if the risk is in line with the criteria set out in the Delegated Underwriting Agreement (DUA).
• Liaise with brokers to explain where these risks are outside of this scope and why we are declining
• Send formal offers of lines on risks that are in scope, ensuring the line size is within those set out in the DUA, particularly across complex multi-layer programs
• Checking firm order slips meet requirements and formally binding lines via PPL or Whitespace.
• Review and agree or refer endorsements.
• Send final slips for processing and, where required, aggregate teams for reporting to insurers.
• Oversight and management of portfolio accumulation including contractual catastrophe aggregate limits.
• Build good working relationships with the broking teams.
• Build good working relationships with capacity providers.
• Manage a team of Lectio underwriters and underwriting assistants.

Participate in regular team meetings to:

• Review our progress against targets
• identify and suggest improvements for growth areas.

Option to participate in:

• review of other data and reports if suitable
• DUA renewal and endorsements throughout the year
• Delivery of daily tasks in a timely and accurate manner.

• Working compliantly with the Authority delegated by insurers

Qualifications & Experience:

• Minimum 2 years Insurance experience desired.
• Familiar with the layout of the London MRC contract.
• Experience with underwriting submissions.
• Knowledge of Financial Lines insurance is desired
• A-levels with GCSE (or equivalent) passes in Maths and English
• High level proficiency in MS Outlook, Word and Excel – PowerPoint experience can be beneficial also.
• Strong negotiation, influencing skills, analytical, verbal and written communication skills are valuable.

Person Specification:

You should be comfortable working with employees at all organisational levels, and will be the contact person for Financial Lines business, and working with them to provide solutions for their clients.

The role will be hybrid, split between the office and working from home. As such you should have the ability to be self-motivated/disciplined.

Accuracy and attention to detail is critical as well as the ability to handle multiple priorities during busy periods.

You should be prepared to teach the junior team members features of Financial Lines classes and help them understand so they can develop and assist more with your when workloads required.

Think you don’t meet every requirement?

We are dedicated to creating a diverse, inclusive, and authentic workplace where everyone can thrive . If you’re excited about this role, but your experience doesn’t perfectly match what we are looking for, please apply anyway. You might just be the right fit for the job, or other opportunities we may have within the wider Group.

Interview Process:

At Ardonagh Specialty, we have a straightforward interview process to ensure the best fit for both you and the company:

• Submit your application with your CV, emphasising your skills and experience related to the job.
• Our Talent Acquisition team will then arrange a call where they can tell you more about the role and the team. We want to learn about your motivation and goals, what you can bring to Ardonagh Specialty, and answer any immediate questions.
• If successful, you will generally be invited to engage in a 1-hour interview with the Hiring Manager and selected team members, via teams or in person. We will discuss our technologies, key skills, and team dynamics and provide further opportunity to ask any questions. This is your chance to voice your thoughts on the role and we will outline our expectations and ensure this role aligns with your ambitions for the future.
• Depending on the role, you may be invited to attend a second stage interview with further members of the team.

We truly value the diversity of our teams and as a Group, we are committed to supporting and welcoming individuals from all backgrounds, as we appreciate every perspective is a significant part of our success. Should you require any reasonable adjustment throughout the recruitment process, please do not hesitate to let a member of the Talent team know.

#AS