Underwriting Assistant, BSI

Full Job Description

Underwriting1Bond and Specialty Insurance provides Financial Lines insurance for Small, Medium and Large sized businesses through our Broker networks. In the Insurance Professional Development Program, you will build Insurance skillsets through a blend of mentorship, professional qualifications through an apprenticeship, and on-the-job training. You will work with a collaborative team of underwriters that will provide you with the opportunity to build a unique and successful career within a highly competitive area of the insurance industry.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.What Will You Do?

• Triage, process and input New Business, Renewals and mid-term adjustments on the relevant IT systems.
• Utilise appropriate systems to accurately enter quotes, risks and endorsements, so as to ensure correct management, statistical and regulatory reporting.
• Ensure timely of risks into the relevant systems via Shared Services
• Review aggregation data, respond to queries and ensure it is accurately entered into the systems where required.
• Obtain required information for local policies, liasing with the local team and underwriters.
• Support Underwriters by handling queries and preparing documentations for renewals and broker meetings.
• Assist with pricing and classifying risks in accordance with the Underwriting Guidelines and rating considerations.
• Liaison with the Actuarial department as required.
• Assist Operations or Credit Control with resolving queries on overdue premium, tax queries or aged debt.
• Prepare loss reports for Brokers.
• Conduct research for Senior Underwriters as directed e.g. review of trade press, financial/credit scoring information etc.
• Work effectively with colleagues at all levels within Underwriting and across the business support functions such as Operations, Actuarial and Finance.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Knowledge: Takes initiative on tasks with the ability to learn the industry, product line, and internal programs and platforms.
• Communication: Demonstrates effective verbal, written and listening communication skills.
• Analytical/Critical thinking: Ability to leverage analytical skills.
• Inclusion: Ability to work with people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives.
• Presentations: Synthesize and present exhibits, results, and observations to direct manager and team members.
• Technology: Ability to adapt and learn new technology to use it as efficiently as possible.

What is a Must Have?

• A-Levels or similar qualification.

What Is in It for You?

• Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
• Retirement: Travelers will make a basic contribution of 9% of pensionable salary to your Group Personal Pension Plan (“GPPP”). If you decide to contribute an additional amount from your salary, you will receive an increased company contribution up to a maximum of 3%. This would bring the total company contribution to 12%.
• Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
• Wellness Programme: The Travelers wellness programme is comprised of tools and resources that empower you to achieve your wellness goals. In addition, our Employee Assistance programme provides access to professional counseling services and other resources to support your daily life needs. Through the EAP, you’re eligible for five free counseling sessions with a licensed therapist.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.