Underwriting Assistant

Tokio Marine Kiln; London; On-site; GBP 25,000 - 30,000; Full time

Job summary

A leading underwriting firm in London is seeking an Underwriting Assistant to support underwriting tasks and manage relationships with stakeholders. The role involves assisting in the underwriting process, ensuring compliance, and maintaining accurate records. Ideal candidates will have office administration experience and proficiency in Microsoft Office. The firm values inclusion and empowerment, providing a supportive environment for all employees.

Benefits

Opportunity to join inclusion network groups

Flexible working arrangements

Corporate social responsibility activities

Qualifications

• General office administration experience is ideal.
• Comfortable using Microsoft Office Suite.
• Knowledge of Lloyd’s and the insurance market is advantageous.

Responsibilities

• Assist in underwriting to meet business plans.
• Review Binding Authorities for compliance.
• Develop business relationships with intermediaries.
• Assist underwriters and facilitate stakeholder communication.
• Support coaching and training for graduates.
• Record insurance business accurately for reporting.
• Maintain departmental administration and filing systems.

Skills

Office administration experience

Microsoft Word

Microsoft Excel

Microsoft Outlook

Attention to detail

Team player

Job description

Overview

We have the opportunity for a Underwriting Assistant to join our Liability department here at Tokio Marine Kiln. Reporting into the Departmental Manager of Liability, you will assist the Managers and Underwriters to carry out all tasks relating to the underwriting and reinsurance of the Department in order to provide appropriate customer focused products and maximize profitability, always bearing in mind the relationship between risk and return in respect of all underwriting activities.

Responsibilities

• To assist in the underwriting in accordance with the department manager’s instructions in respect of premiums, terms and conditions which are set in order to secure the planned underwriting profits in accordance with the Department's agreed Business Plans.
• To accurately and efficiently review relevant Binding Authorities (where applicable) to monitor rating, budgets, compliance and performance.
• To establish and develop business relationships with the Departments intermediaries, agents and business partners in order to secure business portfolios for the Departments that meet with the Business Plans and which are effectively handled to reduce the risk of mal-administration in the distribution process.
• Partnership with underwriters and maintenance of a general understanding of the account in order to assist underwriters, divisional manager and other stakeholders.
• To assist in coaching and training provided to graduates working with the Departments to ensure that they obtain a full understanding of the rating methodology, risk assessment and underwriting management processes used by the division.
• To liaise in a timely manner with internal departments to ensure requests for information, feedback or guidance are dealt with effectively and efficiently.
• To accurately record all insurance business within Tokio Marine Kiln’s systems so that risks can be properly monitored and reviewed by the Department and that data required for all external and internal reporting requirements is accurately captured and in accordance with relevant time limits.
• To provide relevant information for independent review and compliance with regulatory requirements.
• Specific activities in respect of the underwriting, management and reinsurance of the Departments business portfolio, as determined by the Departmental Head, Departmental Manager and Divisional Head.
• Data entry and retrieval including report set-up and analysis. Departmental administration. Maintaining the underwriting and office filing system. Scanning and photocopying. Other Ad hoc tasks as required.

Qualifications and profile

Ideally, the successful candidate will have some general office administration experience and will be comfortable using Microsoft Word, Excel and Outlook. Knowledge of Lloyd’s and the insurance market is also advantageous but not essential. We are looking for a team player who has good attention to detail and confidence to work with a wide variety of people.

Company and benefits

The successful candidate will be welcomed into the TMK family to help us further our purpose of enabling our clients to fulfil their ambitions whilst benefiting society and our people. We are committed to ensuring a safe, open, inclusive and empowering environment in which all of our people can thrive. All employees have the opportunity to join one or a number of inclusion network groups or take part in CSR and charitable activities. TMK is signed up to the Disability Confident Employer Scheme and we also accommodate flexible working, subject to the TMK flexible working policy.

As an underwriting firm with over 140 years’ experience of protecting clients from changing risks we put our confidence in the ability and talent of our people. We aim to be a ‘Good Company’ and this means being a great and inclusive company to do business with and being a great place to work. Our culture is founded on our core values of empowerment, inclusion, excellence, integrity, teamwork and innovation. We seek to recruit the best talent by endeavouring to reach diverse talent pools, offering dynamic working arrangements and investing in development.

Adjustments and contact

To make your experience as comfortable as possible, please let us know if you require any reasonable adjustments or additional assistance during your application process. At Tokio Marine Kiln we are here to support you, please be reassured that we will do all that we can to ensure that your specific needs are met. Please reach out to [e-mail] in confidence, to discuss any specific assistance or requirements that you have.

If you encounter difficulties submitting your application, please email [e-mail].

Application

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