Underwriting Assistant

Travelers; Greater London; Hybrid; GBP 25,000 - 35,000; Full time

Benefits offered by this job

Private medical insurance

Pension plan

Holiday entitlement

Wellness programme

Volunteer rewards

Job summary

Travelers offers a structured Insurance Professional Development Program in London with a blend of mentorship, on-the-job training, and professional qualifications. This role sits in Bond and Specialty Insurance and involves working with underwriters on new business, renewals, and mid-term adjustments.

The program supports hybrid work with three days in office and two at home. You will learn industry knowledge, participate in the apprenticeship, and build a career in a competitive insurance

Qualifications

• Takes initiative on tasks and learns industry quickly.
• Strong verbal and written communication skills.
• Ability to think analytically and critically about data and processes.
• Work with diverse teams and cultures to achieve goals.
• Able to prepare and present findings to managers and teams.
• Comfort with learning new technology and tools.

Responsibilities

• Triage and process New Business, Renewals and mid-term adjustments.
• Enter quotes, risks and endorsements accurately in IT systems.
• Enter risks timely into systems via Shared Services.
• Review aggregation data and respond to queries.
• Gather information for local policies with the team and underwriters.
• Support underwriters by handling queries and preparing renewals documentation.
• Assist with pricing and classifying risks per guidelines.
• Collaborate with Risk, Claims, Marketing, Distribution, Finance teams.
• Help resolve overdue premium and tax queries with Operations or Credit Control.
• Prepare loss reports for Brokers.
• Research for Senior Underwriters as needed.

Skills

Initiative

Communication

Analytical thinking

Inclusion

Presentations

Technology adaptability

Education

A-Levels or equivalent

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 170 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

Underwearing

Target Openings

1

What Is the Opportunity?

Bond and Specialty Insurance provides Financial Lines insurance for Small, Medium and Large sized businesses through our Broker networks. In the Insurance Professional Development Program, you will build Insurance skillsets through a blend of mentorship, professional qualifications through an apprenticeship, and on-the-job training. You will work with a collaborative team of underwriters that will provide you with the opportunity to build a unique and successful career within a highly competitive area of the insurance industry.
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?

• Triage, process and input New Business, Renewals and mid-term adjustments on the relevant IT systems.
• Utilise appropriate systems to accurately enter quotes, risks and endorsements, so as to ensure correct management, statistical and regulatory reporting.
• Ensure timely entry of risks into the relevant systems via Shared Services
• Review aggregation data, respond to queries and ensure it is accurately entered into the systems where required.
• Obtain required information for local policies, liaising with the local team and underwriters.
• Support Underwriters by handling queries and preparing documentation for renewals and broker meetings.
• Assist with pricing and classifying risks in accordance with the Underwriting Guidelines and rating considerations.
• Liaison with the Risk Control, Claims, Marketing, Distribution, Financial and Actuarial departments as required.
• Assist Operations or Credit Control with resolving queries on overdue premium, tax queries or aged debt.
• Prepare loss reports for Brokers.
• Conduct research for Senior Underwriters as directed e.g. review of trade press, financial/credit scoring information etc.
• Work effectively with colleagues at all levels within Underwriting and across the business support functions such as Operations, Actuarial and Finance.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Knowledge: Takes initiative on tasks with the ability to learn the industry, product line, and internal programs and platforms.
• Communication: Demonstrates effective verbal, written and listening communication skills.
• Analytical/Critical thinking: Ability to leverage analytical skills.
• Inclusion: Ability to work with people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives.
• Presentations: Synthesize and present exhibits, results, and observations to direct manager and team members.
• Technology: Ability to adapt and learn new technology to use it as efficiently as possible.

What is a Must Have?

• A-Levels or similar qualification.

What Is in It for You?

• Private Medical Insuran** ce: 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.

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/.