Underwriting Assistant - Tech Onshore (6M FTC)

Starr Insurance Companies; London; On-site; GBP 30,000 - 55,000; Full time

Job summary

An established industry player is seeking a motivated individual to support its Onshore division. This role involves a variety of administrative responsibilities, including data entry, report generation, and budget assistance. Ideal for candidates with 1-2 years of experience in General Insurance or recent graduates eager to develop their skills. The company is committed to nurturing talent and fostering an inclusive environment, offering first-class training and development opportunities. This is a chance to grow in a dynamic field while contributing to important projects within a global organization.

Qualifications

• 1-2 years' experience in General Insurance or the London Market preferred.
• Strong analytical and IT skills with a focus on detail.

Responsibilities

• Log all risks into the SFDC for effective clearance and budgeting.
• Assist in creating annual budgets and month-end reconciliation.
• Produce reports and ensure compliance with regulatory standards.

Skills

Analytical Skills

Interpersonal Skills

Attention to Detail

IT Skills

Numeracy

Education

Bachelor's Degree or Equivalent

Tools

SFDC

Underwriting Systems

EDW

Job description

Starr Insurance Companies

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, utilizing 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 premiums, resolving queries, and controlling aged debt.
• Produce and monitor department NOC's.
• Undertake data entry into the Underwriting Systems as requested by senior stakeholders.
• Assist Underwriters and Underwriting Operations with month-end reconciliation.
• Produce standard and ad-hoc reports through the EDW and SFDC, ensuring accuracy and purposefulness.
• Complete Underwriting Frontsheets promptly and ensure the completeness of Underwriting files.
• Calculate the material impact of Endorsements and produce Endorsement Frontsheets. Monitor and log endorsements.
• Manage 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.
• Collaborate 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 and liaise with Broking Houses to chase engineering fee payments.
• Work with Engineers to review upcoming renewals and chase brokers for necessary engineering reports.
• Assist engineers in formatting and proofreading technical reports.
• Help engineers arrange travel when necessary.
• Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately.
• Produce monthly UW reports covering loss ratios, rate changes, lapsed/churn, commissions, and Fac spend.

Experience

This role is ideal for candidates with 1-2 years' experience in General Insurance or the London Market, or recent graduates/college leavers. Candidates should be highly numerate, eager to develop their knowledge of this technical field, possess strong interpersonal skills, have excellent IT and analytical skills, and demonstrate high attention to detail.

Starr is an equal opportunity employer committed to creating an inclusive environment. We offer first-class training and development opportunities aimed at nurturing talent and bringing out the best in our employees.