Trainee Underwriting Assistant – Lloyd’s

Taylor James Resourcing; City Of London; On-site; GBP 30,000 - 35,000; Full time

Job summary

A leading recruitment agency in London seeks a Trainee Underwriting Assistant for the Lloyd's insurance market. This role is ideal for graduates looking to start their careers in insurance. Key responsibilities include data extraction and analysis, administration support for underwriters, and communication with brokers. Candidates should have strong mathematical skills and some coding knowledge. A salary of £30,000 to £35,000 per annum is offered.

Qualifications

• Graduate level candidate desired for a role in the Lloyd's insurance market.
• Previous exposure to the insurance industry is preferred.
• A level in mathematics and some coding experience is beneficial.

Responsibilities

• Extract client data from broker systems.
• Analyze client data using analytical tools.
• Perform contract data entry.
• Liaise with the broking community.
• Carry out administration tasks for underwriters.
• Monitor and report on exposures.
• Calculate loss estimates for contracts.
• Report disaster scenarios to the board.
• Support catastrophe modeling and data analysis.

Skills

Analytical skills

Data entry

Communication

Mathematics

Coding (SQL, R, VBA)

Education

Graduate level or equivalent

Job description

Trainee Underwriting Assistant – Lloyd’s

Date: 20 Jun 2024
Sector: INSURANCE
Type: Permanent
Location: London
Salary: £30000 - 35000 per annum
Email: [e-mail]
Ref: BT8433

Trainee Underwriting Assistant – Lloyd’s £30,000-£35,000

For a graduate level candidate (or equivalent) looking to develop a career within the Lloyd’s insurance market this would be an excellent opportunity. Previous exposure to the insurance world is highly preferred, possibly through work experience or temping. A level maths and some coding experience (SQL, R, VBA) would be highly beneficial.

Duties/responsibilities:

• Extracting client data from broker systems.
• Analysing client data using database reporting and bespoke analytical tools to assist with pricing.
• Contract data entry.
• Liaise externally with the broking community.
• Carry out day-to-day administration in support of the underwriters.
• Frequent exposure monitoring and reporting.
• Calculation of loss estimates from both real and theoretical events from current, past and future contracts written by the company.
• Realistic Disaster Scenario reporting to the board.
• Catastrophe modelling and data analysis to support reinsurance purchase.
• Ad hoc project work as required.