Underwriting Assistant - Tech Onshore (6M FTC)

ZipRecruiter; London; On-site; GBP 30,000 - 40,000; Full time

Job summary

A leading insurance company is seeking an Administrative Support role within their Underwriting division. The candidate will assist with key tasks such as risk logging, budget creation, and reconciliation processes. Ideal for those with 1-2 years' experience or recent graduates looking to develop in the insurance industry, strong numerical and analytical skills are required.

Qualifications

• Candidates should be highly numerate with strong analytical skills.
• Experience in General Insurance or London Market is preferred.
• Attention to detail and interpersonal skills are essential.

Responsibilities

• Log all bound, quoted, working, and declined risks into SFDC.
• Assist the Credit Control team in investigating outstanding premiums.
• Produce and monitor department NOC's and assist Underwriters.

Skills

Numeracy

Interpersonal skills

Analytical skills

Attention to detail

Education

1-2 years' experience in General Insurance or London Market

Recent graduates or qualified school/college leavers

Job description

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 worldwide.

Founded by Cornelius Vander Starr in Shanghai, China, in 1919, we are now one of the world's fastest-growing insurance organizations, operating in 128 countries across 6 continents.

Role Purpose

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

Responsibilities:

• Log all bound, quoted, working, and declined risks into SFDC immediately to ensure effective use as a clearance and budgeting tool.
• Liaise with Underwriters to produce the weekly Production Report.
• Assist in creating 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.
• Perform data entry into Underwriting Systems as requested by senior stakeholders.
• Assist Underwriters and Underwriting Operations with month-end reconciliation.
• Produce standard and ad-hoc reports through 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 current.
• 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 company projects as needed.
• Track and report on Engineering status. Liaise with Broking Houses to chase engineering payments.
• Work with Engineers to review upcoming renewals. 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, 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, or recent graduates/qualified school/college leavers. Candidates should be highly numerate, eager to develop their knowledge of this technical field, possess strong interpersonal skills to build broker relationships, and have excellent IT and analytical skills. Attention to detail is essential.

Starr is an equal opportunity employer. We consider all qualified applicants regardless of race, gender, age, religion, disability, or other protected characteristics. We are committed to creating an inclusive environment and offer comprehensive training and development opportunities to foster growth and talent development.