Insurance Operations Associate - 12 Month FTC

SPE Travelers Management, LTD; Redhill; Hybrid; GBP 25,000 - 35,000; Full time

Job summary

A leading insurance company is seeking an Insurance Operations Associate in Redhill for a 12-month fixed-term contract. In this role, you will provide vital administrative support for underwriting processes while ensuring compliance with regulatory standards. Ideal candidates will have experience in the insurance industry and possess strong communication skills.

Qualifications

• Previous experience in the insurance industry.
• Strong written and verbal communication skills.
• Detail-focused with a high degree of accuracy.

Responsibilities

• Thoroughly review submissions and manage underwriting tasks.
• Ensure accurate data management and compliance with regulations.
• Create and maintain standard operating procedures.

Skills

Communication

Customer-centric approach

Detail-focused

Process improvement mindset

Computer proficiency

Education

Professional insurance qualifications

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.

Job Category

Operations

Target Openings

1

What Is the Opportunity?

We are looking for an Insurance Operations Associate to join our team based in Redhill on a 12-month Fixed Term Contract.

The Operations Associate plays a crucial role in helping to deliver and maintain production services that are aligned with the Travelers Europe's strategic goals.

This role helps to provide comprehensive administrative support to facilitate underwriting processes, delivering new business quotes, renewal terms, and endorsements across all lines of business.

This role involves maintaining standard operating procedures, engaging in operational and regulatory reporting, resolving customer inquiries, and contributing to operational change initiatives.

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?

1. Underwriting Lifecycle Management:

   • Thoroughly review all in-scope submissions and process these in line with agreed service levels.
   • Execute tasks related to the underwriting lifecycle, including new business and renewal quote preparation, submissions analysis, policy debiting and issuance, slip recording, endorsements, lapses adjustments, null declarations, and notice of cancellations.
   • Manage account documentation, including quotations, actuarial pricing models, reinsurance contracts, endorsements, and cancellations.

2. Data Records and Document Management:

   • Ensure underwriting information submitted electronically is stored and updated within service levels.
   • Process underwriting premium corrections efficiently and liaise with underwriters and brokers, as required.
   • Perform data cleansing and input additional risk information, ensuring accuracy in data quality.
   • Complete exception reporting and exceptions clearance to maintain accurate records in our underwriting systems of record.
   • Provide the Claim department with account coverage information as requested.

3. Standard Operating Procedures and Training:

   • Create and maintain standard operating procedures in the agreed format.
   • Deliver training and support to onshore and offshore colleagues and business partners.

4. Regulatory Compliance and Miscellaneous:

   • Meet all regulatory requirements (e.g., treating customers fairly) and align with Travelers Europe values and capabilities.
   • Ensure compliance with sales, marketing, underwriting, and regulatory guidelines.
   • Perform other duties as required.

What is a Must Have?

• Previous experience in the insurance industry; studying towards professional insurance qualifications.
• General knowledge of commercial insurance products and policies.
• Strong written and verbal communication skills.
• Ability to develop effective working relationships across the organization.
• Customer-centric approach.
• Process improvement mindset and adaptability to change.
• Computer proficiency and familiarity with various applications.
• Highly motivated, capable of independent work, and very comfortable in a team environment.
• Detail-focused with a high degree of accuracy in work.

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 contact us 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 our website.