Underwriting Operations Assistant FTC

Avencia Consulting; Greater London; On-site; GBP 26,000 - 34,000; Full time

Job summary

HDI, part of the Talanx Group, is seeking an Underwriting Operations Assistant for a 15 month fixed term contract in London. The role supports pre-bind and post-bind activities, data quality, and operational service within the Long Tail hub, collaborating with Liability, Life Sciences, Motor, Cyber & Ireland Underwriters.

You will work closely with the Operations team to refine support for underwriting and drive efficiency and service levels across the function.

Qualifications

• Previous experience within an insurance role.
• Knowledge of London Market; practices within underwriting are desirable but not essential.
• Intermediate MS Office skills – Outlook, Excel.

Responsibilities

• Transfer underwriting information into the document management system where appropriate.
• Data entry of all policy types and endorsements in Geras on behalf of the team.
• Data entry in to relevant team systems and ensuring timely workflow from start to finish.
• Monitor policy data input in Geras and ensure compliance with data quality protocols.
• Maintain strong relationships with underwriters and brokers by delivering high quality service.
• Ensure risks comply with regulatory checks and underwriting guidelines.
• Contribute to process improvements and assist with underwriting projects as needed.
• Handle accounting queries and support MI/Regulatory reporting when required.

Skills

Insurance experience

London Market knowledge

MS Office (Outlook, Excel)

Education

A-level or higher

Tools

Geras data entry system

Job description

About us

HDI is a Corporate & Specialty Insurer part of the Talanx Group. With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.

This position is a 15 month fixed term contract.

The role

To provide Operational services as part of the \"Long Tail\" hub. This operational hub works very closely with the Liability & Life Sciences, Motor, Cyber & Ireland Underwriters working within the London and Ireland Offices.

The Underwriting Operations Assistant will provide Operational services and provide Pre-Bind and Post-Bind support to our Underwriters.

Additionally, working with the Operations team to help refine the support that we are providing to our Underwriting teams and transforming the way we provide this to ensure high levels of efficiency and service.

This role would suit an individual that has worked within the Insurance industry, with experience or an interest in an Operational role.

Key accountabilities

Underwriting Administration

• Transferral of underwriting information and correspondence into document
  management system where appropriate
• Data entry of all policy types and endorsements using our underwriting data entry system - Geras - on behalf of the team
• Data entry in to any relevant team systems
• Ensuring a timely, efficient and appropriate workflow process is followed to from start to finish

Data Quality

• Monitor and review the Policy data input to Geras, ensure compliance with data
  quality protocols, via the Approval Gate.
• Responsible for individual error rate and ensuring that this is in line with company standards & expectations

Managing Relationships

• Support the Operations team by delivering a high quality service to the business
• Develop and maintain a strong, long-term relationship with our underwriters along with their brokers by providing them with an excellent service

Risk and Controls

• Ensure all risks comply with regulatory and compliance checks, which in turn are all performed within the underwriting guideline adhering to all Local and Group guidelines
• Implement and maintain process controls to ensure the quality of the output of your area within the function. Ensure documentation of the processes and output is accurate, up-to-date and accessible

Process Improvement

• Make suggestions for process improvements within your role
• Enhance and improve the effectiveness of the service and systems used in the Operations team and if needed participate in special underwriting projects if required

Credit Control

• Accounting Queries - Reconcile and investigate accounting queries from Technical operations team

Reporting

• MI Reporting - Understand reporting environment and assist with team KPI/
  Regulatory reporting when required
  Analysis of data and/or preparing reports for own & underwriters purpose

IT

• Ensure full understanding of IT systems utilised within role
• Attendance of UK Key User Group to understand any changes to systems and provide input regarding these

Skills & experience

• Previous experience within an insurance role
• Knowledge of London Market; key practices and principles within the underwriting sector are desirable but not essential
• Intermediate MS Office skills - Outlook, Excel
• A-level or equivalent or higher

Other

As an equal opportunities employer, we are committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace is a creative and prosperous one.