Description
This entry-level role supports the full underwriting lifecycle, from new-business triage and preliminary research through quotation, binding, policy administration and portfolio monitoring.
The successful candidate will combine dependable administration with intellectual curiosity, numerical confidence, sound judgement and a solid work ethic. Responsibilities will increase with demonstrated knowledge and capability, providing a strong foundation for progression in specialist underwriting.
Key Responsibilities:
- Underwriting and transaction support:
+ Support Underwriters through assessment, quotation, binding and post-bind management of transactions. + Receive, record and organise submissions; check completeness and obtain missing financial, commercial, contractual or policy information. + Prepare underwriting files, transaction summaries, indications, quotations and endorsements; track subjectivities, conditions and approvals and support general administrative needs of the team as needed. + Maintain clear underwriting records and support pre-bind controls, peer review and the team’s four-eyes approach.
- Research and preliminary analysis:
+ Research companies, banks, sovereigns, public agencies, countries and sectors using appropriate internal and external sources. + Collect and organise financial statements, credit ratings, market information and transaction documents; prepare concise factual summaries. + Undertake preliminary financial, commercial, country and political-risk analysis under guidance, including transaction structure, payment obligations, security and recovery routes. + Monitor developments that may affect insured transactions and distinguish verified facts, third-party opinion and matters requiring further investigation.
- Data, systems and exposure management:
+ Maintain accurate risk, premium, policy and exposure data, including amendments, endorsements, cancellations and other changes. + Monitor exposure by insured, obligor/group, country, industry, transaction type and policy period; support authority and aggregate controls. + Prepare and reconcile bordereaux, pipeline, conversion, premium and management information; identify and resolve data inconsistencies. + Produce accurate Excel analysis and reports for Underwriters, management and capacity providers.
- Policy, broker and portfolio support:
+ Prepare, check and file policy documentation; compare final documents with approved terms and process endorsements accurately. + Maintain complete electronic files, monitor outstanding documents and premium information, and liaise with Operations and Finance on processing or reconciliation issues. + Communicate promptly and professionally with brokers; assist with live submissions, enquiries, meetings, agendas and follow-up notes. + Monitor counterparties, countries, sectors and transactions; maintain watchlists, support portfolio reviews and escalate adverse information, approaching deadlines or potential breaches.
- Governance and controls:
+ Operate within underwriting authorities, guidelines, delegated authority requirements and internal policies. + Complete required sanctions, financial crime, regulatory and compliance checks, escalating matches, conflicts, discrepancies and exceptions promptly. + Support quality assurance, audit and management reporting; protect confidential and commercially sensitive information. + Contribute to process improvement, data quality and an open control culture in which potential mistakes are raised early.
Candidate Profile:
- Essential capabilities:
+ Intellectual curiosity and an active interest in international business and current affairs. + Strong numeracy, accuracy and attention to detail. + Ability to organise multiple live transactions and prioritise effectively under pressure. + Clear, concise written and verbal communication. + Confidence to ask questions, obtain missing information, raise errors and take ownership. + Collaborative style and genuine motivation to build a specialist insurance career.
- Technical skills and experience:
+ Good Excel skills, including formulas, sorting, filtering and structured datasets; competent in Word, Outlook and PowerPoint. + Strong written English and ability to handle detailed financial, contractual and transactional information. + Strong academic record or equivalent evidence of capability; a degree is preferred although no specific subject is required. + Insurance or financial-services experience is useful but not required. + Additional language skills may be advantageous.
What do we offer in return?
A career that you define. Of course, we offer a competitive range of rewards and benefits to support you, but we know you expect all that. What you might not expect is a job where everyone has a voice, where volunteering in the community is part of the day job, and where everyone is encouraged to play a part towards our sustainability goals. We want people who want to make a difference - not just in the workplace, but in the industry and in the wider community.