Underwriting Assistant

Bell&Clements; London; Hybrid; GBP 30,000 - 40,000; Full time

Job summary

A leading insurance firm in London seeks an Underwriting Assistant to support the Managed Underwriting department. The role includes assisting Underwriters with Binding Authority agreements and requires strong attention to detail and interpersonal skills. This position offers a permanent contract with hybrid working options and a range of employee benefits.

Benefits

Private medical insurance

Digital GP service

£550 health and wellbeing allowance

Professional qualification support

Flexible working hours

Qualifications

• Accuracy and attention to detail are crucial.
• Strong interpersonal and communication skills required.
• Problem-solving skills with a logical approach to work.

Responsibilities

• Monitor performance of portfolios and assist with underwriting processes.
• Support Underwriters in collating information and drafting reports.
• Manage diaries and prepare meetings with stakeholders.

Skills

Attention to detail

Interpersonal skills

Communication skills

Negotiation skills

Problem-solving skills

Education

Experience in an underwriting support role

Job description

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Bell & Clements is a specialist insurance company offering expertise in underwriting, broking and capacity management provisions for Excess and Surplus (E&S) lines insurance solutions. The unique combination of broking and underwriting divisions provides the ability to quote and bind risks through inhouse binding authorities, while providing customers with access to Lloyd’s, US and international markets. Bell & Clements has been part of the Munich Re Group since 2007 and is a registered Lloyd’s broker. There are over 150 staff based across the London headquarters and two U.S offices in Virginia and New Jersey with close collaboration throughout.

Bell & Clements offers industry leading technology solutions that benefit both customers and inhouse processes. Being part of the Munich Re Group enables an inclusive culture that is progressive and ambitious with an established employee benefits program.

We are a responsible employer, a value-adding partner, and an innovative name in the insurance market. Building on a proven industry background over 35 years, we have developed and grown a unique and market-leading brand. As a wholly owned subsidiary of Munich Re, we have access to the expertise, products and risk appetite of one of the largest and most successful insurance groups in the world. Our business is continuing to grow, and a key commitment is to not only expand our team through recruiting new roles but also through development opportunities to ensure we are always supporting our talented experts in their career journey.Our talent pool makes us who we are, and our inclusive culture means we are looking to continue to build our team with broad expertise, diverse backgrounds, and ambitious employees. Being part of Bell & Clements provides access to multiple health and wellbeing benefits, work and life balance initiatives (including hybrid working), financial wellbeing packages as well as training, development and career opportunities.

Overview

As an Underwriting Assistant you will report into our Senior Underwriter you will support our team in the Managed Underwriting department. You will be working alongside a team of thirteen employees. We are looking for someone to assist Underwriters with all aspects of the management of Binding Authority agreements. You will work on a hybrid working model.

Responsibilities

• Monitoring the performance of the portfolio and individual Agreements. Triaging and assisting with the underwriting of new and renewal risks submitted for special acceptance under the Agreements.
• Help monitor the performance of the portfolio and individual Agreements, underwriting of new Agreements and amendments to existing Agreements. Assist in the maintaining of databases and documents relating to the underwriting process.
• Supporting Underwriters throughout the annual planning process.
• Assist Underwriters with collating information, drafting findings and recommendations, providing recommendations to the Coverholder and following up recommendations to completion.
• Regular production, distribution and analysis of statistical reports.
• Extraction and manipulation of data from B&C systems to assist Underwriters with review and analysis of the portfolio and individual Binding Authority Agreements.
• Prevision of supplementary information to assist in the underwriting of Agreements and individual risks.
• Diary management, preparation of meetings with both internal and external stakeholders. Making sure all documentation is prepared prior to meetings. Notes are distributed and follow up action points are completed.

Experience

• Accuracy and attention to detail
• Strong interpersonal, team working and communication skills, both written and verbal
• Negotiation skills and the ability to influence others
• The ability to absorb technical information
• Problem-solving skills and a logical approach to work
• Self-motivation
• The ability to work to tight deadlines
• Experience in an underwriting support role
• Numeracy, analytical and statistical skills
• Experience in Delegated Authority business
• Exposure to Property business

This position is offered on a Permanent basis. Annual salary will be dependent on the skills and experience of the successful candidate. Annual leave - 25 days per year (not including bank holidays), increases with length of service. Health & Wellbeing – our offering includes private medical insurance for employees, their partners and their families, a Digital GP service and an allowance of up to £550 per year for any activities which supports your health and wellbeing and/or for learning a new skill. Hybrid and remote working – to support your work balance we have introduced hybrid working. You will be provided with designated office desk space , with support to work from home up to a maximum of three days per week. Flexible working hours – the opportunity to flex your working hours. Professional Qualification Support – (discretionary) financial support covering the cost of professional qualifications, including institute membership, exams, study materials and completion bonuses. Team fun – warm and social culture with regular get togethers

Bell and Clements is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, transgender status, religion or belief, marital status, or parental status.