Senior Underwriting Assistant
SENIOR UNDERWRITING ASSISTANT to £40,000 plus bonus
City with Flexible WFH
Reporting to the Operations Team Leader - The Underwriting Assistant shall be responsible for but not limited to analysing and processing all aspects of underwriting/reinsurance contracts and claims information in our risk and accounting systems for all books of business written on the London platform.
Working closely with the Underwriting, Finance and Operations team:
* Manage all incoming submissions according to specific procedures for new and / or renewals policies, ensuring information is available to underwriters in a timely manner and accurately reflects the terms of the deals.
* Process initial premium, premium bordereaux, premium adjustments and future endorsements updating account information in both the risk and operations systems.
* Export contract details from SICS using the SICS export tool and ensure that reference data in SICS is correct and reflects the final contractual terms.
Process and review Quota Share statements including claims information into Operations systems.
*Review, analyze and process EPI adjustments against targeted incomes on our Proportional book.
*Review, analyze and process contracts on our ceded book. Working with Underwriters and Finance to manage allocation splits across multiple balance sheets.
*Review, analyze and process e messages in the SICS system.
* Liaise with Brokers, Underwriters, and Analysts to ensure that technical account information is current, accurate and complete.
*Maintain electronic document files for all contracts.
*Participating in any special projects or adhoc tasks that may be required by either Internal or external parties.
*Ownership of specific quarter end tasks and reports ensuring this is available to the Assistant Manager for review in an accurate and timely manner.
*Ensure all functions are carried out with a high degree of quality, in a timely manner.
QUALIFICATIONS, SKILLS & EXPERIENCE:
*Strong computer skills (Excel, Word, SICS).
*Strong organizational skills with the ability to handle a variety of duties in a timely and accurate manner.
*Strong problem-solving skills and ability to analyze and process complex accounts and transactions.
*Strong communication skills.
*Lloyds/ London Market Knowledge essential.
*Reinsurance experience essential
*Prioritises responsibilities, makes effective use of time and remains flexible to changing work needs/demands.
*Works toward team goals and end result and contributes in ways that benefit the entire team.
*Capitalises on opportunities to further develop subject-matter expertise and/or professional growth; seeks out new information and work assignments that stretch and challenge.
This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach.
MW Appointments is acting as an Employment Agency in relation to this vacancy.
Apply for Senior Underwriting Assistant
Already uploaded your CV? Sign in to apply instantly