Assistant Underwriter

GetRecruited UK Ltd; City Of London; Hybrid; GBP 29,000 - 35,000; Full time

Job summary

A growing insurance firm in Central London is looking for an Assistant Underwriter to deliver exceptional support to brokers. The role involves managing new business processes, gaining expertise in underwriting, and building relationships with brokers. Candidates should have at least 2 years of experience within Commercial Insurance. This position offers a salary of up to £35,000 and hybrid working options.

Benefits

Competitive discretionary bonus

Life cover and health plan

Support for Industry qualifications

Hybrid working options

Qualifications

• 2 years of Insurance Experience within Commercial Insurance.
• MGA Experience preferred but not essential.
• Knowledge of underwriting processes.

Responsibilities

• Deliver support to brokers, ensuring accurate assistance.
• Gain expertise in underwriting guidelines.
• Review financial statements and evaluate financial stability.
• Manage processing of new and renewal business.
• Support underwriters in various tasks.

Skills

Insurance Experience

Underwriting Guidelines Knowledge

Data Entry

Financial Statement Review

Relationship Building

Job description

Assistant Underwriter
Central London - Hybrid Working (3 days in the office per week)
Salary - up to £35,000 DoE

The Opportunity

We are excited to be working with a fast growing MGA who value development and growth.

You would be establishing a completely new role in the business, operating across multiple departments and gaining exposure to different lines of business which will give you a strong idea of where you may want to specialise in future. Your development is central to the organisation and they will work towards you getting authority.

Responsibilities

• Deliver outstanding support to brokers, ensuring they receive accurate and timely assistance.
• Gradually gain expertise in underwriting guidelines and strategies, applying them as you expand your authority within the role.
• Review financial statements, enter data, calculate important ratios, and evaluate the financial stability of clients.
• Manage the processing of new and renewal business in line with your authorized limits and company standards.
• Support underwriters in various tasks, helping streamline processes and ensuring documentation is accurate and complete. Build and nurture strong relationships with both current and prospective brokers to drive business growth.
• Continuously engage in learning related to underwriting, compliance, and procedures, ensuring you stay current with industry changes and standards.
• Meet individual KPIs while contributing to team goals and overall success.

Person Specification

• 2 years of Insurance Experience within Commercial Insurance
• MGA Experience preferred but not essential
• Competitive discretionary bonus
• Life cover and health plan

Benefits

• Salary up to £35,000 dependant on experience
• MGA Experience preferred but not essential
• Support for Industry qualifications
• Hybrid working options

To Apply

If you are an Assistant Underwriter or Insurance Professional keen to make your next step, apply here for immediate consideration.

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