Underwriting Assistant

Msi Europe; Greater London; Hybrid; GBP 24,000 - 32,000; Full time

Benefits offered by this job

Hybrid Working environment

Private Medical Insurance (family)

Pension: 12.5% non-contributory

Flex Fund: £1,000

Life Assurance: 5x base salary

Volunteer leave: 3 days

Job summary

MSIG UK is seeking an Underwriting Assistant to support the underwriting team in the administration of new and renewal business across multiple classes of insurance. You will assist with risk information, rating activities, catastrophe modelling and maintain underwriting records, while delivering high-quality service to brokers and partners.

The successful candidate will be highly organised, analytical, with strong attention to detail and a proactive approach.

Qualifications

• Recently graduated with a degree in a relevant discipline achieving a minimum 2:1 classification, or completion of an Underwriting Apprenticeship programme.
• Strong numerical and analytical skills with the ability to interpret and work with data accurately.
• Good knowledge of Microsoft Office applications, particularly Excel.
• Excellent organisational and time management skills with the ability to manage multiple priorities effectively.
• Strong attention to detail and commitment to accuracy.
• Effective communication and interpersonal skills with the ability to build positive working relationships.
• A proactive and self-motivated approach, demonstrating initiative and accountability for delivering high-quality work.
• Strong problem-solving skills and an ability to identify practical solutions.
• Professional attitude and strong work ethic, with a genuine interest in developing a career within underwriting and the wider insurance industry.
• Ability to work both independently and collaboratively within a team environment.

Responsibilities

• Assist Underwriters across a range of insurance classes in the administration and servicing of new and renewal business.
• Create and maintain references for new and renewal accounts, ensuring all information is recorded accurately and efficiently.
• Prepare and organise risk information, including setting up underwriting files, supporting rating activities and assisting with catastrophe modelling requirements.
• Present risk information and supporting analysis to Underwriters to assist with underwriting decisions.
• Support ad hoc projects and portfolio reviews through the collection, analysis and reporting of underwriting data.
• Maintain awareness of developments and trends affecting the classes of business supported and escalated relevant matters to Underwriters or Underwriting Management where appropriate.
• Ensure all risks are progressed and recorded accurately within underwriting systems and risk tracking tools, maintaining an appropriate audit trail of underwriting decisions and outcomes.
• Act as a Team Data Steward, supporting data quality initiatives and working collaboratively with colleagues across the business to improve data integrity.
• Assist with late payment reporting, EPI queries and data quality monitoring activities, liaising with Credit Control, Compliance and other stakeholders as required.
• Work closely with Actuarial, Operations, Compliance and other business functions to support underwriting activities and pricing processes.
• Manage internal and external queries in a professional, timely and efficient manner.
• Conduct accuracy checks and prepare underwriting documentation, notes and records to support underwriting sign-off processes.
• Assist in the monitoring of premium payments and liaise with brokers and relevant internal teams regarding outstanding items where necessary.
• Build and maintain effective working relationships with brokers and business partners to support the successful delivery of underwriting objectives.
• Ensure all activities are conducted in accordance with company policies, regulatory requirements and underwriting governance standards.
• Develop proficiency across all relevant underwriting systems, tools and processes.
• Undertake additional duties and projects as required.

Skills

Numerical analysis

Organisational skills

Attention to detail

Communication skills

Proactive

Problem solving

Independent working

Teamwork

Education

Bachelor's degree (2:1)

Tools

Excel

Job description

This position is responsible for supporting the Underwriting team in the effective administration and management of new and renewal business across multiple classes of insurance. The role plays a key part in ensuring underwriting activities are completed accurately, efficiently and in accordance with regulatory, governance and operational requirements.

Working closely with Underwriters and other key stakeholders across the business, the Underwriting Assistant will support the preparation, analysis and presentation of risk information, assist with rating and catastrophe modelling activities, maintain underwriting records and contribute to the delivery of a high-quality service to brokers and business partners.

The successful candidate will be a highly organised and analytical individual with strong attention to detail and a proactive approach to problem solving. They will be comfortable working in a fast-paced environment, managing multiple priorities and building effective relationships both internally and externally. The role provides an excellent opportunity to gain exposure to technical underwriting practices and develop a long-term career within the insurance market.

This is an ideal opportunity for a recent graduate or individual who has completed an Underwriting Apprenticeship and is looking to build a strong foundation within underwriting, working alongside experienced professionals whilst developing technical knowledge and commercial understanding.

Responsibilities

• Assist Underwriters across a range of insurance classes in the administration and servicing of new and renewal business.
• Create and maintain references for new and renewal accounts, ensuring all information is recorded accurately and efficiently.
• Prepare and organise risk information, including setting up underwriting files, supporting rating activities and assisting with catastrophe modelling requirements.
• Present risk information and supporting analysis to Underwriters to assist with underwriting decisions.
• Support ad hoc projects and portfolio reviews through the collection, analysis and reporting of underwriting data.
• Maintain awareness of developments and trends affecting the classes of business supported and escalated relevant matters to Underwriters or Underwriting Management where appropriate.
• Ensure all risks are progressed and recorded accurately within underwriting systems and risk tracking tools, maintaining an appropriate audit trail of underwriting decisions and outcomes.
• Act as a Team Data Steward, supporting data quality initiatives and working collaboratively with colleagues across the business to improve data integrity.
• Assist with late payment reporting, EPI queries and data quality monitoring activities, liaising with Credit Control, Compliance and other stakeholders as required.
• Work closely with Actuarial, Operations, Compliance and other business functions to support underwriting activities and pricing processes.
• Manage internal and external queries in a professional, timely and efficient manner.
• Conduct accuracy checks and prepare underwriting documentation, notes and records to support underwriting sign-off processes.
• Assist in the monitoring of premium payments and liaise with brokers and relevant internal teams regarding outstanding items where necessary.
• Build and maintain effective working relationships with brokers and business partners to support the successful delivery of underwriting objectives.
• Ensure all activities are conducted in accordance with company policies, regulatory requirements and underwriting governance standards.
• Develop proficiency across all relevant underwriting systems, tools and processes.
• Undertake additional duties and projects as required.

Required Skills And Qualifications

• Recently graduated with a degree in a relevant discipline achieving a minimum 2:1 classification, or completion of an Underwriting Apprenticeship programme.
• Strong numerical and analytical skills with the ability to interpret and work with data accurately.
• Good knowledge of Microsoft Office applications, particularly Excel.
• Excellent organisational and time management skills with the ability to manage multiple priorities effectively.
• Strong attention to detail and commitment to accuracy.
• Effective communication and interpersonal skills with the ability to build positive working relationships.
• A proactive and self‑motivated approach, demonstrating initiative and accountability for delivering high-quality work.
• Strong problem‑solving skills and an ability to identify practical solutions.
• Professional attitude and strong work ethic, with a genuine interest in developing a career within underwriting and the wider insurance industry.
• Ability to work both independently and collaboratively within a team environment.

What You Can Expect From Us

• Competitive base salary
• A great team and supportive colleagues
• Hybrid Working environment
• A strong focus on diversity, inclusion and equal opportunities
• A programme of wellbeing and mental health support
• Holiday: 28 days core annual leave
• Pension: 12.5% non-contributory pension contribution
• Private Medical Insurance (family members/dependents can be added)
• Flex Fund: £1,000 (to spend on flexible benefits, including, but not limited to, Dental Care, Holiday Buy, Private GP etc.)
• Life Assurance: 5x annualised base salary
• Continuous Learning Approach: Including study support with professional qualifications.
• Employer Supported Volunteering: 3 days volunteering leave - full pay.

About MSIG UK

MSIG UK is a wholly owned subsidiary of Mitsui Sumitomo Insurance Company, Ltd (“MSI”) and specialises in providing commercial property, casualty, marine and credit insurance products and services to its clients. MSIG UK is also a member of MS & AD Insurance Group Holdings, Inc, one of the world’s largest general insurers.

In February 2024, we celebrated 100 years of MSI’s presence in the UK, and our enduring commitment to our UK based insurance and reinsurance clients. As part of this centenary, we rebranded from MSI EU to MSIG UK. This change aligns our UK business with the rest of our parent company’s international network and better leverages the brand value of the MSI name.

Being part of MSI’s international network of companies gives us significant opportunities to help develop and deliver new solutions for clients. The change in trading name also signals a new growth phase for us as we look to build our presence and portfolio in the London Market.

MSIG UK is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

At MSIG UK, we pride ourselves on maintaining a friendly, collaborative, and supportive work environment. Every individual plays a key role in our success by fostering a culture of mutual respect, open communication, and shared achievement. We value integrity, innovation, and a customer‑first mindset, ensuring that we deliver high‑quality insurance solutions.

Conduct Rules

• Act with integrity
• Act with due care, skill and diligence
• Be open and co‑operative with the FCA, PRA and other regulators
• Pay due regard to the interests of customers and treat them fairly
• Observe proper standards of market conduct
• Act to deliver good outcomes for retail customers

We are committed to creating a diverse and inclusive employee experience for all. Our values underpin our culture and influences the way we interact with each other, our clients and our partners – One Team, Client Focus, Our People, Integrity, Openness, Kaizen. We welcome applications from anyone and promote equal opportunities for growth and development regardless of race, gender, religion or belief, sexual orientation, age, disability, or socio‑economic background.

This role description outlines the key responsibilities for this role. It complies with the Company’s Code of Ethics and Integrity and Security Policies. It is not an exhaustive list and the role holder should be aware that they may be asked to perform additional duties by their line manager as deemed appropriate.