Delegated Underwriting Apprentice

Arch Insurance; Greater London; On-site; GBP 20,000 - 30,000; Full time

Job summary

A prominent insurance company based in the UK is seeking an individual to assist the Delegated Underwriting Authority team. This role focuses on the administration, oversight, and monitoring of delegated underwriting facilities, supporting due diligence processes, and maintaining accurate records. Candidates should possess excellent communication skills, attention to detail, and experience with MS Office. The position is suitable for aspiring apprentices looking to foster their careers in the insurance industry. You'll thrive in a collaborative work environment that promotes growth and responsibility.

Qualifications

• Strong interpersonal skills and teamwork abilities.
• Excellent verbal and written communication skills with attention to detail.

Responsibilities

• Assist in administration and monitoring of underwriting facilities.
• Manage due diligence review process for underwriting facilities.
• Maintain accurate records in management tool Intarga.

Skills

MS Office

Excel intermediate

Excellent communication skills

Attention to detail

Strong interpersonal skills

Team working skills

Job description

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

• Arch Insurance International, part of the Arch Capital Group, is a market-leading insurer located in the UK. We provide a range of property, casualty, and specialty insurance for corporations, professional firms, and financial institutions across the UK, Europe and Internationally, with a significant presence in the Lloyd’s and London Underwriting market
• Arch Insurance recognises the need to be a digital insurer and as such has shifted focus from traditional technology initiatives to agile driven digital initiatives, leading the commercial & specialty insurance space. Arch offers an entrepreneurial work environment that empowers the individual and encourages constant learning and growth
• People are at the centre of everything we do at Arch, and we are passionate about investing in the future talent of the insurance industry. From day one, you’ll be empowered to contribute, grow, and make a difference. Our apprenticeship roles are crafted to give you the tools, experiences, and support you need to thrive

Role Overview

• To assist the Arch Delegated Underwriting Authority team in the administration, oversight and monitoring of delegated underwriting facilities at Arch Insurance
• Supporting the Delegated Underwriting Authority team in managing the due diligence review process for new and renewing delegated underwriting facilities and the continuous oversight throughout the life cycle of each facility

Key Tasks and Responsibilities

Administration of coverholder and binding authority due diligence reviews, including pre-bind quality assurance checks and completion of due diligence review forms

• Collation of due diligence related documentation from coverholders and Market systems (Lloyd’s Atlas) as appropriate
• Monitor the upcoming renewal cycle for delegated facilities
• Liaise with internal and external stakeholders to resolve issues arising from the due diligence process
• Maintain coverholder and binding authority records in the coverholder and binding authority management tool (Intarga).
• Monitoring the DUA Team mailbox, sharing communications with the appropriate teams
• Assist with the production of regular and ad hoc reports for the business
• Assist the DUA Audit Manager in the life cycle management of the Arch Coverholder Audit Schedule

Role Requirements & Skills

• MS Office, Excel intermediate
• Excellent skills, both verbal and written with strong attention to detail
• Strong interpersonal and team working skills

Apprenticeship Eligibility

To start an apprenticeship, the learner will need to be:

• Aged 16 or over
• Living in England and not in full time education

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

14101 Arch Europe Insurance Services Ltd