Underwriting Administration Assistant

  • Location

    City of London, London

  • Sector:

    General Insurance

  • Job type:

    Permanent

  • Salary:

    £22000 - £25000 per annum

  • Contact:

    Teri Mortier

  • Contact email:

    tmortier@mbfitzgerald.co.uk

  • Job ref:

    BBBH2825_1615293031

  • Published:

    about 1 month ago

  • Expiry date:

    2021-04-08

  • Consultant:

    #

Role: Underwriting Administration Assistant

To provide reliable, accurate and efficient support to the Underwriting Operations team.

  • Dealing with enquiries, quotes, new and renewal business and endorsements into core underwriting administrative system within agreed timelines and accuracy targets;
  • Ensure timely scanning of core risk documentation to relevant folders or document management systems;
  • Assist in the provision of data verification and integrity checks;
  • Photocopying, filing and archiving of key documentation in a timely manner at the Office and at the box in Lloyds;
  • Research submissions using appropriate sources e.g. Exclusive Analysis and the Internet;
  • Work with the Delegated Underwriting Authority Manager to ensure accurate and timely capture of estimated income, declaration and bordereaux on binding authorities for reporting requirements as and when required
  • Assist in tracking the live status of all risks through every stage in the risk cycle;
  • Provide assistance with the monitoring of upcoming renewals and risks in the new business pipeline;
  • Provide assistance in the chasing and capture of risk, premium and claims bordereaux for binders for the team on a weekly basis for upload into our DUA software.

Broker/Client Interaction

  • Provide a professional service to brokers, clients and external suppliers in person, writing, email and telephone as and when required;
  • Maintain and develop key relationships, responding to queries in a timely fashion;
  • prepare, attend and note for client meetings as required;
  • Liaise with brokers to ensure all slips and additional information received is accurate and complete as and when required.

Reporting & Operational Requirements:

  • Assist in providing accurate management information to the Underwriting team and senior management when required;
  • Assist in producing ad hoc reports, presentations and other team literature for key relations as and when requested;
  • Assist in the monitoring of credit control aged debt ensuring the timely collection of premiums as and when requested;
  • Assist Data Quality Analyst with clearing exception report items where risks have data integrity anomalies;
  • Ad hoc reporting for weekly meetings;
  • Assist with the month end process to ensure that all activities are completed within required timeframes to facilitate operational reporting to Lloyds including the following activities:

o USM messages assigned to all risks

o PMD information: Risks moved to status of written for PMD capture and renewal information is up to date on core Underwriting system

o All checks and peer reviews are complete and updated on the core Underwriting administration system in a timely matter for the reporting period

o Assist in identifying the differences in premium on the underwriting administration system

o All referrals have been completed and evidenced accordingly

o All declarations and bordereaux are up to date on the core delegated underwriting authority system

Experience Required

  • Strong academics A'level or Degree
  • Solid experience within Administration with good attention to detail
  • Background in accurate, high volume data entry
  • 1yrs experience in the London Insurance Market - Desirable
  • Lloyd's Market test - Desirable