Assistant Underwriter

TN United Kingdom; London; On-site; GBP 30,000 - 60,000; Full time

Job summary

An established industry player is seeking a dedicated professional to join their Digital Underwriting team. This exciting role involves monitoring portfolio performance, collaborating with various teams, and assisting with underwriting and onboarding of new agreements. You will also play a key role in maintaining guidelines and supporting underwriters throughout the planning process. This position offers a permanent contract with a supportive work environment that values professional development and well-being. With flexible working options and a commitment to diversity and inclusion, this is an opportunity to grow your career in a dynamic setting.

Benefits

Private medical insurance

Digital GP service

Health and wellbeing allowance

Hybrid working options

Flexible working hours

Professional qualification support

Team social events

Qualifications

• Experience in underwriting or assisting with US property insurance.
• Ability to coordinate multiple stakeholders and make timely decisions.

Responsibilities

• Monitor portfolio performance and evaluate trends.
• Collaborate with teams to optimize the portfolio and make recommendations.

Skills

US property insurance underwriting

Stakeholder coordination

Real-time decision making

Insurance terminology knowledge

Job description

Social network you want to login/join with:

• Monitoring the performance of the portfolio and individual Agreements; responsible for checking dashboards and key metrics to evaluate trends and performance.
• Collaborating with other Digital Underwriting teams (actuarial, data science, business intelligence) to optimise the portfolio. Responsible for making recommendations around aggregate optimisation, eligibility rule changes and market pricing.
• Assist with underwriting, onboarding and integration of new Agreements and relationships.
• Maintaining Digital Underwriting guidelines and documentation. Liaising with the Digital Underwriting product team when adapting or creating new product rules and requirements.
• Supporting Underwriters throughout the annual planning process, as well as producing material for Underwriting Committee, Quarterly Business Reviews, and other committees as required.
• Client facing responsibilities; responding to underwriting, accounting and technical queries from customers.
• Diary management, preparation of meetings with both internal and external stakeholders. Making sure all documentation is prepared prior to meetings. Notes are distributed and follow up action points are completed.
• Assisting with Underwriting Reviews as required. This may include collating information, drafting findings and recommendations, providing recommendations to the Coverholder and following up recommendations to ensure they are completed.

Other Responsibilities:

• To embrace and actively implement the core principles of Continuous Conversations (Commitments, Feedback and Development) as part of daily activities and with other colleagues.
• Take ownership of and make personal and professional development a priority as part of Continuous Conversations.
• In line with Continuous Conversations, establish and achieve development aspirations and needs through the setting of commitments and giving and receiving frequent, constructive feedback (referring to resources provided for support).
• To abide by the policies and procedures of Bell & Clements Ltd.

Key Skills and Experience:

• Experience underwriting or assisting with US property insurance or re-insurance.
• A good team player with the ability to co-ordinate the needs of multiple stakeholders concurrently.
• A self-starter with the ability and confidence to make real time decisions.
• A basic understanding of standard insurance terminology, coverages and metrics.

This position is offered on a Permanent basis. Annual salary will be dependent on the skills and experience of the successful candidate. Annual leave - 25 days per year (not including bank holidays), increases with length of service. Health & Wellbeing – our offering includes private medical insurance for employees, their partners and their families, a Digital GP service and an allowance of up to £550 per year for any activities which supports your health and wellbeing and/or for learning a new skill. Hybrid and remote working – to support your work balance we have introduced hybrid working. You will be provided with designated office desk space, with support to work from home up to a maximum of three days per week. Flexible working hours – the opportunity to flex your working hours. Professional Qualification Support – (discretionary) financial support covering the cost of professional qualifications, including institute membership, exams, study materials and completion bonuses. Team fun – warm and social culture with regular get-togethers.

Bell and Clements is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, transgender status, religion or belief, marital status, or parental status.

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.