Assistant Underwriter - Lloyds Property Binders

Travelers Canada; London; Hybrid; GBP 30,000 - 45,000; Full time

Job summary

A leading insurance company is looking for an Assistant Underwriter to join their Property Binders team in London. The role involves supporting Underwriters with new business, renewals, and data analysis, while ensuring adherence to company policies and underwriting standards. Candidates should have some prior experience in the London Insurance Market and be prepared to work in a hybrid capacity, balancing office and remote work. Opportunities for professional development and a supportive work environment are also provided, along with a competitive salary and benefits.

Benefits

Private Medical Insurance

Retirement Contributions

25 days annual holiday entitlement

Wellness Programme

Volunteer Encouragement Programme

Qualifications

• Previous experience in a similar role required.
• Willingness to study towards ACII qualification through an apprenticeship.

Responsibilities

• Support the Underwriters by processing new business and renewals.
• Analyse data and respond to queries from stakeholders.
• Ensure compliance with company policies and underwriting standards.

Skills

Communication

Teamwork

Data Analysis

Education

Secondary level education or equivalent

Tools

Microsoft Office

Job description

Assistant Underwriter - Lloyds Property Binders page is loaded

Assistant Underwriter - Lloyds Property Binders

Apply remote type Hybrid locations LON - London time type Full time posted on Posted Yesterday job requisition id R-45732

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.

Job Category

Underwriting

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.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/ .

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