Assistant Underwriter, HNW (Fixed Term Contract)

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

Job summary

A leading insurance company in London is seeking an Assistant Underwriter to manage underwriting tasks on their Continental European Book. This entry-level role does not require previous underwriting experience, but fluency in French and experience in household or motor insurance are desirable. Competitive salary and comprehensive benefits are offered including private medical cover and additional annual leave.

Benefits

Competitive Salary

Non-Contributory Pension

Annual Bonus Scheme

25 days Annual Leave plus ability to Purchase 5 Additional Days

Private Medical Cover

Employee Share Purchase Plan

Life Assurance

Subsidised Gym Membership

Learning & Development Offerings

Employee Assistance Program

Qualifications

• Fluency in French and English is necessary; additional European languages are a plus.
• Desirable experience in HNW insurance, preferably from a Motor or Household background.
• Demonstrate excellent customer service skills.
• Ability to build strong relationships internally and externally.
• Strong communication and negotiation skills.
• Well organised with the ability to prioritise workload.

Responsibilities

• Underwrite renewal business up to your agreed authority limits.
• Assist the Underwriting team with MP24 referrals for New Business.
• Manage underwriting queries via telephone & e-mail.
• Proactively manage relationships with broker partners.
• Collaborate with the underwriter in the conversion of New Business.
• Ensure all communications with broker partners are sales-focused.

Skills

Fluency in French

Excellent customer service skills

Strong communication and negotiation skills

Ability to build strong relationships

Well organised

Job description

We are recruiting an Assistant Underwriter to form a key part of Chubb's High Net Worth Underwriting Team in London. You will be responsible to underwrite new and existing business accounts on our Continental European Book whilst providing world class service to our broker partners.

This is an entry level underwriting role and previous underwriting experience is not required however some experience in multiline Household and Motor insurance is desirable. The role will also require to build and maintain strong working relationships both externally and internally.

Your Responsibilities for this role may include, but are not limited to:

• Transactional: Underwrite renewal business up to your agreed authority limits as well a lower level appraisals.
• Assist the Underwriting team with MP24 referrals for New Business.
• Actively seek to round out existing accounts and cross-sell other classes of business.
• Managing underwriting queries via telephone & e-mail.
• Liaise with different departments (Claims, marketing, IT,…) to troubleshoot a wide variety of queries.

• Broker Management: Demonstrate a good level of proficiency in the use of the management information systems to be able to understand the data, analyse any trends and report on the underwriting performance.
• Proactively manage relationships with broker partners.

• Sales Disciplines: Collaborate with the underwriter in the conversion of New Business, through pre-qualification of target prospects.
• Assist in a wider variety of tasks as part of a project team to launch new products across the region.
• Work with the Underwriter and Account Manager to ensure all target quotes are monitored and pursued to ensure conversion rates influenced positively.
• Ensure all communications with broker partners are collaborative and sales focused to ensure both retention & new business opportunities are maximised.

Qualifications

• Fluency in French and English is necessary (additional european languages, particularly Dutch or German is a plus).
• HNW insurance industry experience is desirable – preferably from a Motor or Household background.
• Demonstrate excellent customer service skills.
• Ability to build strong relationships internally and externally.
• Strong communication and negotiation skills.
• Well organised with the ability to prioritise workload.

What can you expect in return?

• Competitive Salary, Non-Contributory Pension & Annual Bonus Scheme.
• 25 days Annual Leave plus ability to Purchase 5 Additional Days.
• Private Medical Cover, Employee Share Purchase Plan, Life Assurance & Subsidised Gym Membership.
• Learning & Development Offerings, Networking, Mentoring & Development Opportunities.
• 1-day annual Charitable leave, Cycle to Work Scheme, Active Sports & Social Committee, Employee Assistance Program.

Integrity. Client focus. Respect. Excellence. Teamwork

Our core values dictate how we live and work. We’re an ethical and honest company that’s wholly committed to its clients. A business that’s engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that’s collaborative and supportive.

Diversity & Inclusion. At Chubb, we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request.