Underwriting Assistant, Contingency

Arch; Greater London; On-site; GBP 32,000 - 42,000; Full time

Job summary

Arch Europe Insurance Services Ltd in London recruiting an Underwriting Assistant for a 12-month fixed-term contract. You will provide administrative and technical support to the underwriting team, handling data entry, file maintenance and processing of submissions and policies.

The role covers account administration, report preparation, binder management, data quality checks and liaison with brokers. Strong MS Office skills and at least 12 months in Insurance are required.

Qualifications

• Minimum 12 months experience in Insurance, ideally as an Underwriting Assistant.
• Strong time management skills.
• Good knowledge of MS Word, MS Excel, PowerPoint and Outlook.
• Ability to interrogate data to look for errors and anomalies.
• Ability to review processes and look for areas for improvement.
• Familiar with Pivot Tables and data management

Responsibilities

• Enter submissions, rating models, quotes and bound policies onto underwriting systems.
• Conduct account clearance procedures with other parts of the company.
• Review quality control output from Global Services and provide feedback to the underwriting team.
• Assist underwriters with day-to-day underwriting operations and management reports.
• Assist in the management of binders and lineslips, including processing bordereaux and data checks.
• Undertake research for underwriting information from the Internet or external sources.
• Maintain business activity logs of submissions and premiums.
• Prepare standard policy documentation for underwriters’ sign-off reports.
• Resolve outstanding premium receivable issues and liaise with brokers.

Skills

Underwriting support experience

Time management

Data interrogation

Process improvement

Tools

MS Word

MS Excel

PowerPoint

Outlook

Pivot Tables

Job description

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility.

This role is a 12 month fixed term contract opportunity

Role Purpose

• To provide administrative and technical support to the underwriting team as required.
• Administrative and Technical support includes but is not limited to the maintenance of files and the processing, recording of business accounts accurately and in a timely manner on the Company’s IT and administrative systems in accordance with processing standards and procedures.
• Assisting the team in day-to-day ad hoc tasks when required (risk research, broker meetings, country overview reports etc. and providing updates to underwriters).

Key Responsibilities

1. Data Input

• Enter submissions, rating models, quotes and bound policies onto the Arch underwriting systems
• Conduct account clearance procedures with other parts of the company for risks or clash, as may be required – including catastrophe analysts, risk capture and data management teams
• Review quality control output from Global Services and provide regular feedback to the underwriting team.

2. Account Administration

• Assist the Underwriters with day to day underwriting operations
• Assist in preparation of regular and ad hoc management reports
• Assist in the management of binders and lineslips, including the processing of bordereaux and quality control checks on the data.
• Undertake research activities, as directed by underwriters, for additional underwriting information from the Internet or other external sources
• Maintenance of appropriate business activity logs to record submission activity or premium activity
• Prepare Standard policy Documentation for underwriters’ sign off reports

3. Account Query resolution

• Assist in the resolution of outstanding premium receivable issues, as may be directed
• Liaise with brokers on any outstanding information requirements
• Resolve weekly processing reports

4. General Administration

• File preparation, photocopying, scanning, document management
• Assisting underwriters at Lloyd’s Box
• Have daily contact with back office support staff, e.g. binder management team, finance and compliance
• Answering telephone calls, responding to emails

Skills / Competencies

• Strong time management skills
• Good knowledge of MS Word, MS Excel, Powerpoint and Outlook
• Ability to interrogate data to look for errors and anomalies.
• Ability to review processes and look for areas for improvement.
• Familiar with Pivot Tables and data management
• Minimum 12 months experience in Insurance, ideally as an Underwriting Assistant.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

14101 Arch Europe Insurance Services Ltd