Assistant Underwriter - Cyber

Beazley; Greater London; On-site; GBP 30,000 - 45,000; Full time

Job summary

A leading insurance firm in the UK is seeking an Assistant Underwriter for a 12-month secondment. The role involves supporting Underwriters by managing account activities and undertaking underwriting tasks. The ideal candidate must be fluent in German and English, with strong analytical and communication skills. Experience in administrative roles within insurance or financial services is preferred. This role offers the opportunity to develop relationships with brokers and clients while adhering to company values.

Qualifications

• Fluency in German and English required.
• Demonstrated ability to build relationships with stakeholders.
• Experience in accurate, high volume data entry.

Responsibilities

• Provide underwriting support for new and renewal business.
• Assist underwriters with risk analysis.
• Maintain and develop relationships with brokers and clients.

Skills

Fluency in English and German

Strong analytical skills

Effective communication skills

Attention to detail

Good working knowledge of MS Office

Education

Proven administrative experience in insurance or financial services

Job description

Job Title: Assistant Underwriter – Cyber (12-month secondment)

Must speak German fluently

Division: Underwriting Operations

Reports To: As per Beazley Org Structure

Key Relationships: Underwriters, Brokers, Underwriting Assistants, UCO, and external clients and suppliers.

Job Summary

To provide support and assistance to Underwriters by reviewing new and renewal business, approving policy changes, and managing account activities throughout the underwriting process.

Key Responsibilities

Underwriting Support

• Undertake lower complexity tasks that have traditionally sat within Underwriting, that require a UAL in order to administer
• Ensuring underwriting controls are present and completed within the agreed SLA for all risks that you have underwritten.
• Triage submissions including Vulnerability scanning and Ransomware Application checks
• Manual population of Beazley Quote Tools
• Produce Quote Documentation as per the underwriting guidelines
• Assist Underwriters with risk analysis, consistent with underwriting guidelines
• Make underwriting decisions, within pre-defined limits and revenue thresholds
• Confirm pricing and binding conditions are met
• Attend underwriting training and meetings as appropriate
• Other duties assigned from time to time
• Establishing and developing broker relationships with stakeholders that consistently submit low complexity business to Beazley
• Ensuring any delegated authority business is only underwritten via approval from Beazley when outside of the exception terms
• Ensuring any underwriting decisions made that exceed your UAL are appropriately referred and signed off prior to binding.

Broker/Client Interaction

• Provide professional service to brokers via email, telephone, and face to face
• Serve as the first point of contact for customer inquiries during the account life cycle
• Maintain and develop key relationships by responding to all client queries in a timely and accurate fashion

General

It is important that within all your interactions both internally and externally you adhere Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers.

We also expect Beazley employees to:

• Adopt the Beazley culture of Professionalism, Integrity, Effectiveness and Dynamic that contributes to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
• Comply with Beazley procedures, policies and regulations including the code of conduct.Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People development or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Talent Management or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system.These may include membership of any Beazley committees or working groups.

Personal Specification

This role requires someone result focused, self-motivated, flexible and enthusiastic. This role would be ideal for somebody with a professional approach to interact successfully with other clients, building relationships and an ability to negotiate with both internal and external parties.

Skills and Abilities

• Fluency in English and other languages based on regional business requirements
• Demonstrated ability to build relationships with a wide range of stakeholders
• Accurate and numerate
• Computer skills – good working knowledge of MS Office
• Strong analytical skills with attention to detail
• Effective communication skills (written, verbal, active listening)
• Ability to manage time, meet deadlines and prioritize

Knowledge and Experience

• Proven administrative experience, preferably within the insurance or financial services sectors
• Proven background in accurate, high volume data entry
• Underwriting Assistant experience is advantageous

Competencies

• Achievement drive
• Analytical thinking
• Information seeking
• Customer focus
• Initiative
• Collaborative
• Problem solving
• Detail oriented
• Team working
• Time management
• Relationship development
• Effective communication

Aptitude and Disposition

• Result/outcome focused, self-motivated, flexible and enthusiastic
• Ability to negotiate with both internal and external parties
• Professional approach to interact successfully with managers/colleagues/external suppliers
• Team worker and also able to work on own initiative
• Values continuous personal and professional development