Assistant Underwriter – Lloyds Property Binders

Travelers; City Of London; Hybrid; GBP 30,000 - 40,000; Full time

Job summary

A leading insurance company in London is looking for an Assistant Underwriter to join its Property Binders portfolio team. The role involves supporting underwriters with processing new business and liaising with brokers. The ideal candidate will have previous experience in the London Insurance Market, strong communication skills, and a willingness to pursue ACII qualification. Flexibility for hybrid work is also available.

Benefits

Private Medical Insurance

Retirement contribution

25+ days holiday entitlement

Wellness Programme

Volunteer encouragement programme

Qualifications

• Previous work experience required.
• Effective communication and relationship-building skills.
• Ability to perform in a business professional manner.

Responsibilities

• Support profitability and growth of assigned Line of Business.
• Ensure compliance with company policies and controls.
• Assist underwriters with timely service.
• Gather data and prepare reports for underwriting policies.

Skills

Previous experience working within London Insurance Market

Communication skills

Team support

Relationship building

Education

Secondary level education or equivalent

Willingness to study towards ACII qualification

Tools

Windows MS Office

Job description

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Target Openings

1

What Is the Opportunity?

We are looking for an Assistant Underwriter to join our Property Binders portfolio team in London. You’ll ideally have some previous experience in a similar role within Lloyds Property Binders and use this experience to support the Underwriters by processing new business, renewals and mid term adjustments. You’ll be responsible for analysing data, responding to ad hoc queries from stakeholders internally and externally and liaising with brokers.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.

What Will You Do?

• Support the overall profitability, growth and retention of your assigned Line of Business and consistency of all related underwriting initiatives.
• Ensure that business is written in accordance with the Company’s policies, procedures and controls (including audit requirements) at all times, and adheres to Lloyds Underwriting Management Standards ensuring business is only accepted in accordance with individual underwriting authority where relevant, with approval under the Lloyds Individual Registration Byelaw, and the Unit’s business plan for the relevant year.
• Utilise appropriate systems to accurately enter quotes, risks and endorsements, so as to ensure correct management, statistical and regulatory reporting.
• Assist the underwriters on a day to day basis to ensure a timely and professional service to clients.
• Promote Travelers Line of Business, distribution strategy and philosophy and provide guidance on the Company’s underwriting philosophy, procedures and requirements by building strong partnerships with Agents, Brokers and Customers.
• May gather data and prepare reports to support the professional execution of corporate/business underwriting policies/standards.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Previous experience working within London Insurance Market preferred.
• Able to effectively share information and build team support.
• Able to communicate clearly.
• Able to develop effective working relationships internally and externally.
• Able to perform in a business professional manner with a positive attitude.
• Able to determine priorities and effectively schedule time.
• Able to ask for assistance in setting deadlines.
• Expected to either already be studying, or be willing to study towards ACII qualification through an apprenticeship.

What is a Must Have?

• Previous work experience required.
• Previous experience of Windows MS Office.
• Secondary level education or equivalent required.

What Is in It for You?

• Private Medical Insurance:On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
• Retirement:Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
• Holiday Entitlement:Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
• Wellness Programme:The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
• Volunteer Encouragement:We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.