Underwriting Assistant - Tech Onshore (6M FTC)

Starr Underwriting; City Of London; On-site; GBP 25,000 - 35,000; Full time

Job summary

An insurance organization is seeking an Administrative Support role within the Underwriting division. The successful candidate will help manage and log risks, produce departmental reports, and work with underwriters. Ideal for those with 1-2 years of experience in General Insurance or recent graduates aiming for CII qualifications, the role requires strong analytical skills and attention to detail.

Benefits

First class training and development opportunities

Qualifications

• 1-2 years’ experience in General Insurance or the London Market.
• Recent graduate or well-qualified school/college leaver.
• Strong IT and analytical skills required.

Responsibilities

• Log all bound, quoted, working and declined risks into the SFDC.
• Assist Underwriters with month-end reconciliation.
• Produce and monitor department reports encompassing loss ratios and commission.

Skills

Interpersonal skills

Analytical skills

Numeracy

Attention to detail

Education

CII qualifications (or equivalent)

Job description

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.

Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.

Role Purpose

To support the Onshore division through defined administrative responsibilities, providing support within Underwriting Controls and utilise the Underwriting Authority granted, within the set parameters, and ensuring compliance with regulatory and Company standards.

Responsibilities:

• Log all bound, quoted, working and declined risks into the SFDC immediately to ensure effective use as a clearance and budgeting tool.
• Liaise with Underwriters to produce the weekly Production Report.
• Assist in the creation of Annual budgets for GWP, Fac RI and Expenses.
• Assist the Credit Control team in investigating outstanding premium, resolving queries and controlling aged debt.
• Produce and monitor department NOC’s.
• Undertake data entry in to the Underwriting Systems as requested by senior stakeholders.
• Assist Underwriters and Underwriting Operations with the month end reconciliation.
• Produce standard and ad-hoc reporting through the EDW and SFDC ensuring these are accurate and fit for purpose.
• Complete Underwriting Frontsheets in a timely manner and ensure completeness of Underwriting files.
• Calculation of material impact of Endorsements and producing Endorsement Frontsheets. Monitoring and logging of endorsements.
• Management of Starr360 process, ensuring electronic files are kept up-to-date.
• Manage the departmental Fac RI log.
• Produce Fac RI documentation including calculation sheets, mud-maps and order forms.
• Work with the Tech Controller and Fac RI team to reconcile errors between the Fac RI Log and Eclipse.
• Assist with, and drive forward, company projects as required.
• Track and report on Engineering fee status. Liaise with Broking Houses to chase engineering fee payment.
• Work with Engineers to review up-coming renewals. Chase the relevant brokers for the necessary engineering reports.
• Assist the engineers in formatting and proofreading the technical reports they produce.
• Assist the engineers in arranging travel where necessary.
• Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately.
• Produce a suite of monthly UW reports encompassing loss ratios, rate change, lapsed / churn, commission and Fac spend.

Experience:

This is the perfect opportunity for a candidate who has 1 – 2 years’ experience in General Insurance or the London Market and is looking to attain CII qualifications, or a recent graduate / well-qualified school/college leaver. We are looking for a candidate who is highly numerate and demonstrates a passion for developing their knowledge of this technical class. The successful candidate will possess strong interpersonal skills in order to build good relationships with brokers and excellent IT and analytical skills. They should also demonstrate a high attention to detail.

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.