Underwriting Assistant - Tech Onshore (6M FTC)

-; London; On-site; GBP 25,000 - 45,000; Full time

Job summary

An established industry player is seeking a detail-oriented administrative support professional to join their Onshore division. This role involves a variety of responsibilities, from logging risks and producing reports to assisting with budgets and managing departmental logs. Ideal candidates will have a strong analytical mindset, excellent IT skills, and the ability to build relationships with brokers. This opportunity is perfect for those looking to grow their expertise in the insurance sector while contributing to a collaborative and inclusive environment. Join a team dedicated to nurturing talent and driving success in the insurance industry.

Qualifications

• 1-2 years' experience in General Insurance or the London Market.
• Recent graduates or school leavers are encouraged to apply.

Responsibilities

• Log all risks into the SFDC for effective clearance and budgeting.
• Assist Underwriters with month-end reconciliation and reporting.

Skills

Analytical Skills

Interpersonal Skills

Attention to Detail

Technical Knowledge

IT Skills

Education

CII Qualifications

Degree in Relevant Field

Tools

SFDC

EDW

Eclipse

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 utilising 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 the 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. 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.
• Assist engineers in arranging travel when necessary.
• Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately.
• Produce monthly UW reports encompassing loss ratios, rate changes, lapses/churn, commissions, and Fac spend.

Experience

This is an excellent opportunity for candidates with 1-2 years' experience in General Insurance or the London Market, aiming to attain CII qualifications, or recent graduates/qualified school/college leavers. We seek highly numerate candidates with a passion for developing technical knowledge, strong interpersonal skills for building broker relationships, and excellent IT and analytical skills. Attention to detail is essential.

Starr is an equal opportunity employer, considering all qualified applicants regardless of gender identity, ethnicity, nationality, religion, age, sexual orientation, disability, or other protected characteristics. We are committed to creating an inclusive environment, offering first-class training and development opportunities to nurture talent and bring out the best in our people.