2x Underwriting Assistant

Company/ Firm Name

Arch Insurance

Location

London, UK

Published Date

20 July 2022

About the job:

There are 2 Underwriting roles, within 2 different classes of business, being Contingency and Warranty.




Role purpose


  • To provide administrative and technical support to the underwriting team as required.

  • Administrative and Technical support includes but is not limited to the maintenance of files and the processing, recording of business accounts accurately and in a timely manner on the Company’s IT and administrative systems in accordance with processing standards and procedures.

  • Assisting the team in day-to-day ad hoc tasks when required (risk research, broker meetings, country overview reports etc. and providing updates to underwriters).



Key Responsibilities



Data Input



  • Enter submissions, rating models, quotes and bound policies onto the Arch Underwriting systems

  • Conduct account clearance procedures with other parts of the company for risks or   clash, as may be required – including catastrophe analysts, risk capture and   data management teams

  • Review quality control output from Global Services. Liaising with both to ensure   accounts are processed on a timely basis





Account Administration



  • Assist the Underwriters with day to day underwriting operations

  • Assist in preparation of monthly & management reports

  • Undertake research activities, as directed by underwriters, for additional underwriting   information from the Internet or other external sources

  • Maintenance of appropriate business activity logs to record submission activity or   premium activity

  • Prepare Standard policy Documentation for underwriters’ sign off reports





Account Query resolution



  • Assist in the resolution of outstanding premium receivable issues, as may be directed

  • Liaise with brokers on any outstanding information requirements

  • Resolve weekly processing reports




General Administration



  • File preparation, photocopying, scanning, document   management

  • Assisting underwriters at Lloyds Box

  • Have daily contact with back office support staff, e.g. binder management team, finance and compliance

  • Answering telephone calls, responding to emails




Role Requirements



Skills / Competencies



  • Strong time management skills (this is a high volume job)

  • Very organised and systematic

  • Responsive

  • Basic knowledge of MS Word, MS Excel, Power point and Outlook

  • Ability to input information on all Arch business systems and experience with reporting systems

  • General Knowledge of Arch Compliance

  • Organisational discipline with ability to work independently using initiative and without guidance

  • Regulatory and compliance awareness




Qualifications


  • Entry Standard of education : ‘A’   Level equivalent or above




Experience


  • Basic Knowledge of Insurance   preferred

  • 12 months previous office experience advantageous



Only successful candidates will be contacted