Underwriting Assistant - Transactional Liability

QBE Insurance Group; Greater London; Hybrid; GBP 30,000 - 40,000; Full time

Job summary

A leading insurance company is seeking an Underwriting Assistant in London to provide administrative and technical support to the Transactional Liability team. The role involves assisting with policy administration and ensuring exceptional customer service. The successful candidate will benefit from a hybrid working model and a range of employee benefits.

Benefits

30 days holiday a year

Flexible working

Pension with employer contributions

Private medical insurance

Family friendly policies

Short term remote work abroad

Cycle-to-Work scheme

Qualifications

• Previous experience in Transactional Liability, M&A, legal or law.
• High level of numeracy and literacy.
• Excellent verbal and written communication skills.

Responsibilities

• Support policy lifecycle from new business to cancellation.
• Assist with underwriting new business and renewals.
• Provide customer service support to clients.

Skills

Analytical Thinking

Collaboration Tools

Communication

Problem Solving

Risk Management

Job description

Underwriting Assistant - Transactional Liability page is loaded

Underwriting Assistant - Transactional Liability

Apply locations GBR - London time type Full time posted on Posted Yesterday job requisition id 338448

Primary Details

Time Type: Full timeWorker Type: Employee

Underwriting Assistant - Transactional Liability

London with hybrid working

We are currently looking for an Underwriting Assistant to support our Financial Lines team based in our London office with hybrid working.

The purpose of this role is to provide efficient and timely administrative and technical support to the Transactional Liability Underwriting team, ensuring exceptional customer service and resolution of enquiries from Brokers/partners. The role involves assisting underwriters with policy administration, underwriting new business and renewals within set guidelines and service standards, and contributing to the achievement of business objectives.

Q BE’s European Operations Transactional Liability team has significant Mergers & Acquisitions (M&A) experience and works alongside our accomplished North American team to provide a truly global service.

Responsibilities:

• Support the lifecycle of policies from new business, Mid Term Adjustments (MTAs), and renewals through to their cancellation or lapse, including managing credit control activities and ensuring timely closings are received.
• Assist with underwriting new business, MTAs, and renewals following Governance Underwriting Standards and Product rules.
• Develop and maintain system and process knowledge within Distribution.
• Maintain current knowledge of insurance guidelines, policy changes, and modifications.
• Provide underwriting and claims customer service support to intermediary and direct customers.
• Comply with all legislation, industry codes, and company policies.
• Develop good working relationships and ensure timely communication with internal customers and stakeholders.
• Assist in identifying and implementing 'best practice' and process improvements to reduce expenses.
• Participate in internal and external meetings to share and develop strategy, knowledge, and best practices.

About you:

• Previous transferable experience within Transactional Liability, M&A, legal or law, and a desire to pursue a career in insurance
• A high level of numeracy and literacy
• Good organisational and prioritisation skills
• Team player with the ability to work collaboratively and develop successful working relationships
• Excellent verbal and written communication skills with the ability to produce detailed reports at various levels
• Problem solving skills – demonstrates tenacity in handling and resolving queries

Why QBE? At My Best

At QBE, we want our people to feel rewarded and inspired to perform at their best, that’s why we have created “At My Best”. It’s our connection, our way of showing we have your back. We understand that one size doesn’t fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It’s in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA.

We’re an international insurer that’s building momentum towards realising our vision of becoming the most consistent and innovative risk partner. We can never really predict what’s around the corner, but at QBE we’re asking the right questions to enable a more resilient future – helping those around us build strength and embrace change to their advantage.

QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation ( https://qbeeurope.com/careers/flex-qbe/ ).

With more than more than 13,000 people working across 27 countries, we’re big enough to make a real impact, but small enough to provide a friendly workplace, where people are down-to-earth, passionate, and kind.

To find out more about why you should work for QBE, visit our careers website.

At My Best - QBE Benefits

You are more than your work – and QBE is more than a workplace, which is why we provide you with the benefits, support and flexibility to help you concentrate on living your best life personally and professionally. FOR UK ONLY: As well as the benefits below we also offer an extensive choice of other options to suit you!

• 30 days holiday a year with the option to buy up to 2 additional days.
• Flexible working - balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.
• Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.
• Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.
• Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.
• Short term remote work abroad - you can request up to 20 days per year to work remotely from certain locations abroad.
• Sustainable investing - we believe sustainable integration is important for long term financial, environmental, and social outcomes. Our pension strategy supports our net-zero goal to achieve year-on-year reductions in carbon footprint, by investing more in green businesses than the broader market, so your savings are looking after the planet's future, as well as your own.
• Cycle-to-Work – benefit from regular exercise whilst making your commute greener and cheaper, select and bike and/or accessories up to the value of £5,000.

To find out more visit our Reward Page

QBE Awards

Some of the award’s QBE are proud to have won, been a finalist for, and shortlisted for include;

AXCO Global Insurance Awards 2024 Winner: Network Management of the Year

Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer

UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year

Working Dads Employer Awards 2023 Winner: Parental Policies Award

Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee

You can view all our awards here

Inclusion of Diversity

We are striving to create a workplace culture where all our people feel included, and we are committed to building a diverse workforce that is reflective of the communities we operate in. We are proud to have partnerships with organisations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter, the UN Women’s Empowerment Principles and Race at Work charter helps keep us accountable and transparent. For more information on our strategy targets please take a look at our Careers Page

Accessibility

Here at QBE, we are promoting an accessible workplace for all, which includes supporting candidates to perform at their best during their recruitment process. If you require any accommodations, please make your Talent Acquisition contact aware.

ESG & Sustainability

At QBE, we believe that integrating sustainability into our business helps us deliver on our purpose of enabling a more resilient future. Our three key focus areas include fostering an orderly and inclusive transition to a net-zero economy, enabling a sustainable and resilient workforce, and partnering for growth through innovative, sustainable, and impactful solutions. For further information regarding QBE’s sustainability targets, including our net-zero pledges and inclusion of diversity targets, and our award-winning impact investment initiative ‘Premiums4Good’, please visit our Sustainability homepage and read our latest Sustainability Report

What next?If you have a passion to contribute to QBE’s vision of enabling a more resilient future for our customers and the community, we encourage you to apply! Simply click the “apply” button to submit your CV and other relevant documents, and a member of our friendly Talent Acquisition team will be in contact to discuss your interest further if you meet the requirements of the role.

We believe this is our moment – what if it was yours too?

APPLY NOW and let’s make it happen!

Skills:

Analytical Thinking, Business Management, Collaboration Tools, Communication, Critical Thinking, Decision Making, Financial Advising, Financial Products, Intentional collaboration, Managing performance, Portfolio Management, Problem Solving, Regulatory Compliance, Risk Management, Stakeholder Management

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

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We are an international insurer and reinsurer offering a diverse portfolio of commercial, personal and specialty products, as well as risk management solutions. Our product portfolio includes property, motor, crop, energy, marine and aviation. We employ a team of around 13,000 people in 27 countries around the world.