Assistant Underwriter Job Description
Assistant Underwriter Duties & Responsibilities
To write an effective assistant underwriter job description, begin by listing detailed duties, responsibilities and expectations. We have included assistant underwriter job description templates that you can modify and use.
Sample responsibilities for this position include:
Assistant Underwriter Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Assistant Underwriter
Typically a job would require a certain level of education.
Employers hiring for the assistant underwriter job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Education, Business, Finance, Economics, Graduate, Accounting, Business Administration/Management, Business/Administration, Statistics, Mathematics
Skills for Assistant Underwriter
Desired skills for assistant underwriter include:
Desired experience for assistant underwriter includes:
Assistant Underwriter Examples
Assistant Underwriter Job Description
- Help implementing tools and putting in place structured processes for business & budget monitoring train new joiners on tools and procedures
- Support the designated legal entity reporting to Regulators - including surveys and presentations but also Planning, and Budgeting
- Specific assignments such as work on Market presentations & Event organization
- Administrative duties and tasks as required
- Access the breadth of our products and markets
- Binding risk, posting the invoice and processing technical data into ConceptOne other on-line formats
- Order and follow up on inspections and referral to the underwriter as necessary
- Some initial review of the inspection will be done
- Handle endorsement requests and referral to the underwriter as necessary
- Screen renewals and send out renewal letters
- Good command of written spoken English and Cantonese
- Progress towards professional qualifications
- Handling mid-term adjustments within agreed authority
- Resolving queries within agreed authority
- Supporting the Technical Underwriters on more complex and/or non-standard cases within agreed authority
- Liaising with Profit Centre(s) as necessary
Assistant Underwriter Job Description
- Contribute and participate in order to share and develop strategy, knowledge and best practice
- Contribute to the development of business plan in order to maximize productivity and performance
- Maintain product, system and process knowledge
- Provide technical expert support to the identification of issues and opportunities within area of expertise
- Establish strong relationships with stakeholders including customers, brokers, business partners and colleagues, to maximize influence and achieve business objectives
- Understanding of market dynamics and market cycle to drive business performance
- Contribute and influence in the review and analysis of the portfolio to identify progress toward business objectives
- Understanding the strategy and financial targets of XL Catlin and those applicable to the M&A business unit
- Attending and supporting meetings with clients and/or brokers and carrying out additional research in preparation for or as a consequence of these interactions
- Supporting the analysis and underwriting of submissions received from our broking partners
- No underwriting experience is required though other relevant professional experience is desirable
- Degree educated candidates with no prior experience will be considered
- Ability to work independently and in a deadline oriented environment
- Bachelor Degree required (preferably in Mathematics, Statistics, and Actuarial Science)
- Some introductory experience in underwriting insurance classes
- Enthusiastic, positive and a willingness to learn
Assistant Underwriter Job Description
- Works with department leadership to facilitate continued operational improvements and efficiencies
- Will be engaging - phone- email, with agents and brokers
- Underwrite and negotiate business within authority as appropriate and where directed by line manager
- You will be working collaboratively with Trading Underwriters in our London office to deliver and provide full end to end policy management for large complex Motor Corporate Risks
- You will be spotting & driving opportunities for service and process improvements by acting on feedback from customers, sharing ideas with managers, peers via team meetings/systems thinking immersions
- Delivery of business important metrics in conjunction with our management team
- Promote and drive team culture in conjunction with your Manager
- Take personal responsibility for your own development in line with business strategy evidence through verbal and practical application
- Responsibility for governance and risk in conjunction with the Manager/Team
- You will be working collaboratively with Trading Underwriters in our London office to deliver and provide full end to end policy management for large complex Corporate Risks
- Ability to lean new software applications
- Educated to a minimum of GCSE standard
- Industry Qualification or working towards
- Experience of Commercial Insurance environment from either a Company, Agency or Brokerage role
- Project management of the entire new business and renewal process from actuarial and underwriting through to legal, credit, risk management and multinational servicing
- Provide assistance and supervision throughout the process to ensure that service is delivered throughout the year
Assistant Underwriter Job Description
- General assistance to Underwriters / Management in assessing new business submissions and renewals on a monthly basis
- Policy maintenance as and when required (endorsements, cancellations, closings etc)
- Prompt referral of Claims to XL Catlin claims team
- Assistance in the production on monthly Bordereaux and ad-hoc reporting to XL Catlin
- Review and improvement of the online quotation system
- Adherence to agreed Service Standards
- Adherence to all Underwriting Guidelines (when delegated)
- Ensure compliance with XL Catlin corporate regulations and standards
- Credit Control assistance when required
- Systems innovation
- Proficient knowledge of non conventional programme structures, underwriting principles and practice
- Proficient knowledge of key regulatory requirements
- Self-motivated and uses own initiative for both internal and external issues
- Ability to build relationships with clients, brokers and senior management
- Ability to influence others to develop business, negotiate agreement or influence regional management to support decisions and actions
- Takes personal responsibility for career development
Assistant Underwriter Job Description
- Communicates with brokers to obtain information needed to underwrite risks and address issues
- Works closely with Underwriters to manage a book of business as a team to achieve annual Gross Written Premium and loss ratio targets
- Adherence to agreed Service Standards and all Underwriting Guidelines
- Provide administrative assistance to the underwriters
- Coordinate work flow and resources between underwriting offices
- Enter and maintain underwriting submissions
- Create and maintain underwriting files
- Prepare underwriting submissions for review
- Perform in depth submission reviews and evaluate underwriting exposures
- Conduct account research as necessary
- Degree or equivalent qualification preferable
- Extensive knowledge of relevant market conditions for specific class/portfolio
- Thorough understanding of class specific underwriting and reinsurance knowledge
- Intermediate level understanding of relevant software, including Excel
- Strong knowledge of underwriting process and procedures
- Strong level of numeracy and literacy skills