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Underwriting Assistant - Political Risk and Credit
Chaucer Syndicates Ltd
London
On-site
GBP 30,000 - 32,000
Full time
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Job summary
An established industry player is seeking an Underwriting Assistant to support Underwriters in managing the Political Risk and Credit portfolio. This exciting role involves assisting in negotiations, preparing financial models, and conducting data analysis to ensure accurate risk assessments. You will engage with brokers, manage customer relationships, and contribute to special projects that enhance operational efficiency. If you are detail-oriented, possess strong communication skills, and thrive in a collaborative environment, this opportunity is perfect for you to grow in the insurance sector.
Qualifications
- Experience within insurance sector as underwriter or broker.
- Excellent communication skills with the ability to liaise at all levels.
Responsibilities
- Assist Underwriters in negotiation and indication of renewals and new business.
- Participate in preparation of special projects and account analysis.
- Manage relationships with Customers, Agents, and Service Providers.
Skills
Education
Tools
Job description
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Join to apply for the Underwriting Assistant - Political Risk and Credit role at Chaucer Group
Job Summary
To assist the Underwriters in all aspects of underwriting and management of the Political Risk and Credit portfolio as well providing support to the team in preparation and analysis of financial models, management information reports and data analysis and carrying out some regular administrative tasks.
- Assist Underwriters in negotiation and indication of renewals and new business
- Agreement of pre-agreed endorsements and policy amendments on behalf of Underwriters
- Daily correspondence with brokers, including attending broker meetings and providing feedback to the team
- Participate in preparation of special projects, including account analysis and review of key statistics for management reports
- Use of account management tools (PowerBI, Charisma, Sequel etc) and coordination with Risk and Exposure Management and Actuarial teams to fulfil data requests from management and/or team
- Ensure underwriting systems are properly updated and risks are accurately recorded
- Assist Underwriters in the office, online and in meetings, including taking notes in team and divisional meetings
- Prepare and present to others in the team specific account analysis, sector or topic research and country and claims reviews
- Complete financial models for own and Underwriters’ review and assist in preparation of sign-off requests
- Liaise with Central Operations Department and assist in quality checking of policy administration
- Liaise with Claims Department and assist Underwriters with potential loss and recovery reporting and management
- Assist with compilation of statistics for annual Reinsurance Report
- Manage the relationships with Customers, Agents and Service Providers:
- Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction;
- Foster positive relationships with Customers and attain an understanding of their needs;
- Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate; and,
- Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers
- Experience within insurance sector as underwriter or broker
To assist the Underwriters in all aspects of underwriting and management of the Political Risk and Credit portfolio as well providing support to the team in preparation and analysis of financial models, management information reports and data analysis and carrying out some regular administrative tasks.
Main duties
- Assist Underwriters in negotiation and indication of renewals and new business
- Agreement of pre-agreed endorsements and policy amendments on behalf of Underwriters
- Daily correspondence with brokers, including attending broker meetings and providing feedback to the team
- Participate in preparation of special projects, including account analysis and review of key statistics for management reports
- Use of account management tools (PowerBI, Charisma, Sequel etc) and coordination with Risk and Exposure Management and Actuarial teams to fulfil data requests from management and/or team
- Ensure underwriting systems are properly updated and risks are accurately recorded
- Assist Underwriters in the office, online and in meetings, including taking notes in team and divisional meetings
- Prepare and present to others in the team specific account analysis, sector or topic research and country and claims reviews
- Complete financial models for own and Underwriters’ review and assist in preparation of sign-off requests
- Liaise with Central Operations Department and assist in quality checking of policy administration
- Liaise with Claims Department and assist Underwriters with potential loss and recovery reporting and management
- Assist with compilation of statistics for annual Reinsurance Report
- Manage the relationships with Customers, Agents and Service Providers:
- Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction;
- Foster positive relationships with Customers and attain an understanding of their needs;
- Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate; and,
- Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers
- Experience within insurance sector as underwriter or broker
- Microsoft Office
- Word
- Excel – minimum Intermediate
- 5 GCSE’s English and Maths grade 6 / C or above (or equivalent)
- 3 ‘A’ Level passes grade B or above (or equivalent)
- Well-presented and business-like
- Professional outlook
- Flexible at all times
- Very good interpersonal skills
- Excellent organisational skills
- Excellent communication skills with the ability to liaise at all levels
- Work as part of a team
- Adapt to a pressured environment
- Self Motivated
- Capable of working to a timetable when required.
Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.
Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
- Seniority levelEntry level
- Employment typeFull-time
- Job functionFinance and Sales
- IndustriesInsurance
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