Underwriting Assistant

The Travelers Indemnity Company; Greater London; Hybrid; GBP 30,000 - 38,000; Full time

Benefits offered by this job

Private Medical Insurance

Company Pension Plan

Holiday entitlement (min 25 days)

Wellness programme

Job summary

The Travelers Indemnity Company UK offers an Insurance Professional Development Program designed to build skills through mentorship, qualifications, and on-the-job training within a collaborative underwriting team.

Role involves triaging New Business, Renewals, and mid-term adjustments, inputting data accurately, and supporting underwriters while contributing to pricing and risk classification. Hybrid work policy applies, with three days in office and two at home.

Qualifications

• Demonstrates initiative and ability to learn the industry, product lines and internal systems.
• Excellent verbal and written communication skills.
• Strong analytical and critical thinking abilities.
• Collaborates effectively with people from diverse backgrounds.
• Able to synthesize information and present to the team.
• Adaptable to new technology and systems.

Responsibilities

• Triage, process and input New Business, Renewals and mid-term adjustments on IT systems.
• Enter quotes, risks and endorsements accurately for reporting.
• Obtain information for local policies with the team and underwriters.
• Support underwriters by handling queries and preparing renewal documentation.
• Assist with pricing and risk classification per underwriting guidelines.
• Collaborate with Risk Control, Claims, Marketing and Finance as required.
• Resolve overdue premium or tax queries with credit control.
• Prepare loss reports for brokers.

Skills

Initiative

Communication skills

Analytical thinking

Diversity & inclusion

Presentations

Technology adaptability

Education

A-Levels

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.

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 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