Underwriting Assistant, Contingency

McNeil & Co.; Greater London; On-site; GBP 25,000 - 35,000; Full time

Job summary

Arch Capital Group Ltd. in London seeks an Underwriting Assistant to provide administrative and technical support to the underwriting team, ensuring accurate processing and timely recording of business.

You will maintain files, process submissions and assist with risk research and broker meetings. The role suits an organized, proactive individual with at least 12 months insurance experience, strong MS Office skills, and the ability to work independently within a team.

Qualifications

• Entry standard of education: A Level or equivalent; minimum 12 months in Insurance.
• Experience in underwriting assistance and administrative support preferred.
• Proficient in data entry and documentation processes.

Responsibilities

• Data Input: Enter submissions, rating models, quotes and policies on underwriting systems; perform quality checks.
• Account Administration: assist in binders, lineslips, bordereaux and management reports; liaise with brokers.
• General Administration: filing, photocopying, scanning; daily contact with back office support and answering calls/emails.

Skills

Time management

Organised & systematic

Independent working

Data accuracy

Process improvement

Team collaboration

Attention to detail

Education

A Level or equivalent

Tools

MS Word

MS Excel

PowerPoint

Outlook

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.

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

Role Skills / Competencies

• Strong time management skills
• Very organised and systematic Responsive Good knowledge of MS Word, MS Excel, Power point and Outlook
• Ability to work independently using initiative and without guidance and as part of a team
• 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

Entry Standard of education : ‘A’ Level equivalent or above 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.

14101 Arch Europe Insurance Services Ltd Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career.

Attention Job Seekers: Arch Capital Group Ltd. (Arch) and its affiliates take your interest in working here very seriously. Please be vigilant to fraudulent activity if you receive a communication or email asking you to submit any personal information. Do not send money or pass any details to someone suggesting they can provide employment with Arch. You should only enter your information into our official career portal. Please know the following about our interviewing and hiring practices. We never make job offers without a formal, in person, interview process. We never ask you to send money of any kind.