Underwriting Assistant

Travelers Insurance Co. Ltd.; London; On-site; GBP 30,000 - 50,000; Full time

Job summary

A leading company in the insurance industry is seeking an Underwriting Assistant to support their underwriting controls and wordings team. The ideal candidate will assist with administrative functions, internal audits, and regulatory compliance while developing essential skills in the insurance field. This full-time position offers a variety of responsibilities aimed at ensuring underwriting excellence and operational efficiency. A positive attitude and basic understanding of insurance principles are essential for success.

Benefits

Private Medical Insurance

Retirement contribution of 9% of salary

Minimum of 25 days holiday entitlement

Wellness Programme

Volunteering opportunities

Qualifications

• Basic knowledge of insurance areas: Property & Casualty, Specialty Lines.
• Good working knowledge of MS Office and IT applications.

Responsibilities

• Assist with internal underwriting reviews and audits.
• Provide administrative support for underwriting authority updates.
• Track and monitor underwriting reviews and authority breaches.

Skills

Communication

Interpersonal skills

Education

GCSE level or equivalent including English and Maths

Tools

MS Office

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 160 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.

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 160 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?

Business Insurance helps companies in the UK & Ireland identify, prepare for and mitigate risks by offering a broad array of industry-specific, combined property and casualty insurance solutions to customers.

Our Underwriting Controls and Wordings team ensure that we can offer underwriting excellence to our customers. You will support the Underwriting Controls Manager and team to ensure the required standards and underwriting controls are executed for Europe Business Insurance teams so that all relevant decision makers are made aware of any upcoming challenges.

You will support work that ensures our controls are reviewed and revised where necessary to balance Corporate underwriting standards with day to day operational needs. You will also provide administrative support to the Wordings team and support the records management process with the Records Management Officer.

What Will You Do?

Internal Underwriting Reviews:

• Assist with the coordination and administration of Underwriting Reviews. This includes, prompt and effective reporting, monitoring findings and fostering best practice. Underwriting Reviews include (but are not limited to) Peer Review, Independent Peer Review, Underwriter Level Reviews & Thematic Reviews.
  
  

Underwriting Authorities:

• Assist with the control and administration of Underwriting Authorities annual update.
• Administer technical underwriting assessments which includes the marking of the multiple choice assessments.
  
  

Monitoring and Reporting:

• Track, monitor and assist with reporting on Underwriting Reviews, authority breaches, exception reports, policy reformation etc. so that reports and information is timely, accurate and effective.
• Take notes from monthly control meetings and quarterly delegated authority panel meeting and follow up action items to conclusion
• Complete reporting eg. Lloyd’s Part VII report
  
  

External Audits:

• Assist with the coordination of both internal and external Underwriting Audits, including; Internal Audit / Enterprise Audit / Corporate Reviews / Pool Re / Gareat.
  
  

Be the appointed Records Coordinator and work with the Records Management Officer to manage the records for Business Insurance Underwriting Office.

Provide administrative support to the Wordings team.

Business Insurance Underwriting Guidelines/Guides:

• As required develop / deliver / maintain Underwriting Procedural Notes.
• Administer process for guidelines and arrange circulation and sign off.
• Maintain, update and publish Business Charters.
• Administer review process for Enterprise Guidelines.
• Prepare and issue a weekly communication to Underwriters
• Maintain Guidelines control spreadsheets and storage including archiving and identification of review/update need.
• Liaise with Authors.
• Maintain Manuscript Endorsement Library
  
  

Document Storage:

• Maintain storage of signoffs and other approvals
• Proactively manage SharePoint for Europe Underwriting (Underwriting Centre, CURE).
• Add/remove new sub-sites/individuals/documents.
• Provide other support as necessary to the team to ensure controls & standards are administered, coordinated and maintained
  
  

Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Basic knowledge of any of the following insurance areas - Property & Casualty, Specialty Lines, Global Property, Marine Classes, Aviation, Power and Utilities, Professional Risks or Personal Lines.
• Basic communication and interpersonal skills, capable of providing precise focused responses to stakeholders.
• Works effectively with all levels, which includes building new relationships and confident interaction with all levels within the Group or externally.
• Takes responsibility for decisions and actions.
• 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.
  
  

What is a Must Have?

• Educated to GCSE level or equivalent including English and Maths.
• A general understanding of Insurance practices and principles.
• Good working knowledge of MS Office and other IT applications.
  
  

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 basic contribution of 9% of pensionable salary to your Group Personal Pension Plan (“GPPP”). If you decide to contribute an additional amount from your salary, you will receive an increased company contribution up to a maximum of 3%. This would bring the total company contribution to 12%.
• 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 and resources that empower you to achieve your wellness goals. In addition, our Employee Assistance programme provides access to professional counseling services and other resources to support your daily life needs. Through the EAP, you’re eligible for five free counseling sessions with a licensed therapist.
• 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.
  
  

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 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.

If you are a candidate and have specific questions regarding the physical requirements of this role, 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/.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Business Development

• Industries

  Insurance

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