Assistant Underwriter

Starr Underwriting; London; On-site; GBP 30,000 - 40,000; Full time

Job summary

A global insurance provider in London is seeking an Assistant Cyber Underwriter to support their Cyber team. The successful candidate will manage submissions, assist with claims analysis, and maintain essential documents. The role offers comprehensive training and development opportunities, along with a competitive salary and benefits package.

Benefits

Annual bonus and strong benefits package

25 days paid holiday plus Bank Holidays

Pension scheme, private medical and dental cover

Opportunities for skill development

Qualifications

• Strong understanding of Cyber product coverage across competitor wordings.
• Ability to log, process, and analyze new business and renewal submissions.
• Proficiency in producing reports and navigating IT platforms.

Responsibilities

• Log and process new business and renewal submissions.
• Support Underwriters with claims analysis and report production.
• Maintain documents and spreadsheets for Underwriting operations.

Skills

Underwriting Data Analysis

Claims Service and Data Analysis

Wording Comprehension and Improvement

Customer Mind-Set

Relationship Management

Technology and Workflow Tool Proficiency

Financial Data Comprehension

Job description

Come and progress your career working with our dedicated Cyber Division in our London office here at Markel as an Assistant Cyber Underwriter!

What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.

Join us and play your part in something special!

The opportunity:

We have an exciting opportunity for an Assistant Cyber Underwriter to join the Markel Cyber team. We have been writing Cyber for over 10 years, across 6 proprietary Cyber products, on globally licensed company and syndicate paper. Our portfolio is large and diverse, consisting of primary and excess of loss business, for SME and large corporate, across 50 countries, including the US and UK. We pride ourselves on our leading Open Market offering, supplemented by delegated business via Coverholders and market facilities. This role is based within the Cyber team, of which there are twelve dedicated members. This expert team is dedicated to providing best-in-breed service and are empowered to offer flexible and innovative solutions to our brokers and clients. We give our Underwriters commercial freedom and ever-improving tools, training and intelligence, to help them operate effectively and take smart, calculated risks.

What you’ll be doing:

• Receive new business & renewal submissions from Underwriters, and log, process, sanction screen and enter them into the rater
• Support Underwriters in the renewing of policies, this may include claims analysis, as well as producing Cyber reports via IT platforms that we use within the Markel Cyber team
• Develop and understanding of the Cyber product, and Cyber product coverage across competitor wordings
• On occasion, specific reports or management information may be required by Underwriters or Managers, be prepared to produce such information upon request
• Develop positive relationships across the various Markel teams that the Cyber Underwriting team works with, for example, the premium processing team, the sanctions team, compliance team and Underwriting Oversight team
• Handle and maintain central documents and spreadsheets that the Underwriting team rely upon for the day-to-day operation of the team, such as the Outstanding Slips spreadsheet and Renewal sheet
• Keep abreast of Cyber product development and knowledge
• Ensure continuous professional development is undertaken
• With Underwriter guidance & instruction, produce Markel Cyber policy documentation, including endorsements

Our must-haves:

• Underwriting Data Analysis
• Claims Service and Data Analysis
• Wording Comprehension and Improvement
• Customer Mind-Set
• Relationship Management
• Technology and Workflow Tool Proficiency
• Financial Data Comprehension

Who we are:

Markel Group (NYSE – MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.

We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further

What’s in it for you?

• A great starting salary plus annual bonus & strong benefits package…
• 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave
• Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer
• There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!

Are you ready to play your part?

Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.

Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.

We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at [e-mail] or call us at 0161 507 5827 to request any accommodations that may be needed. This includes any alternative formats of any documents or information on how to apply offline.

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