Underwriting Assistant

London - UK

Monthly Salary: Not Disclosed

Posted on: 15 hours ago

Vacancies: 1 Vacancy

Job Summary

We have the opportunity for two Underwriting Assistants to join our Special Risks department here at Tokio Marine Kiln. Reporting into the Departmental Manager you will assist the Managers and Underwriters to carry out all tasks relating to the underwriting operations and reinsurance of the Department in order to provide appropriate customer focused products and maximise profitability always bearing in mind the relationship between risk and return in respect of all underwriting activities.

Key responsibilities include:

Assist in the underwriting operations in accordance with the department managers instructions in respect of premiums terms and conditions which are set in order to secure the planned underwriting profits in accordance with the Departments agreed Business Plans.
To accurately and efficiently review relevant Binding Authorities (where applicable) to monitor rating budgets compliance and performance alongside underwriters.
To establish and develop business relationships with the Departments intermediaries agents and business partners in order to secure business portfolios for the Departments that meet with the Business Plans and which are effectively handled to reduce the risk of mal-administration in the distribution process.
Partnership with underwriters and maintenance of a general understanding of the account in order to assist underwriters departmental manager and other stakeholders.
To assist in coaching and training provided to graduates working with the Departments to ensure that they obtain a full understanding of the rating methodology risk assessment and underwriting management processes used by the division.
Data entry and retrieval including report set-up and analysis. Departmental administration. Maintaining the underwriting and office filing system. Scanning and photocopying. Other Ad hoc tasks as required.
Monitoring and reporting of aggregations including analysis of output.

The successful candidate will have good general office administration experience and will be accomplished using Microsoft Word Excel and Outlook. Knowledge of Lloyds and the insurance market is also advantageous but not essential. We are looking for a team player who works with excellent attention to detail and can adhere to strict deadlines. They should be confident to work with a wide variety of people and be able to prioritise their own workloads.

The successful candidate will be welcomed into the TMK family to help us further our purpose of enabling our clients to fulfil their ambitions whilst benefiting society and our people. We are committed to ensuring a safe open inclusive and empowering environment in which all of our people can thrive. All employees have the opportunity to join one or a number of inclusion network groups or take part in CSR and charitable activities. TMK is signed up to the Disability Confident Employer Scheme and we also accommodate flexible working subject to the TMK flexible working policy.

As an underwriting firm with over 140 years experience of protecting clients from changing risks we put our confidence in the ability and talent of our people. We aim to be a Good Company and this means being a great and inclusive company to do business with and being a great place to work. Our culture is founded on our core values of empowerment inclusion excellence integrity teamwork and innovation. We seek to recruit the best talent by endeavouring to reach diverse talent pools offering dynamic working arrangements and investing in development.

To make your experience as comfortable as possible please let us know if you require any reasonable adjustments or additional assistance during your application process. At Tokio Marine Kiln we are here to support you please be reassured that we will do all that we can to ensure that your specific needs are met. Please reach out to in confidence to discuss any specific assistance or requirements that you have.

If you encounter difficulties submitting your application please email.

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Required Experience:

Junior IC

We have the opportunity for two Underwriting Assistants to join our Special Risks department here at Tokio Marine Kiln. Reporting into the Departmental Manager you will assist the Managers and Underwriters to carry out all tasks relating to the underwriting operations and reinsurance of the Departme...

Key responsibilities include:

Assist in the underwriting operations in accordance with the department managers instructions in respect of premiums terms and conditions which are set in order to secure the planned underwriting profits in accordance with the Departments agreed Business Plans.
To accurately and efficiently review relevant Binding Authorities (where applicable) to monitor rating budgets compliance and performance alongside underwriters.
To establish and develop business relationships with the Departments intermediaries agents and business partners in order to secure business portfolios for the Departments that meet with the Business Plans and which are effectively handled to reduce the risk of mal-administration in the distribution process.
Partnership with underwriters and maintenance of a general understanding of the account in order to assist underwriters departmental manager and other stakeholders.
To assist in coaching and training provided to graduates working with the Departments to ensure that they obtain a full understanding of the rating methodology risk assessment and underwriting management processes used by the division.
Data entry and retrieval including report set-up and analysis. Departmental administration. Maintaining the underwriting and office filing system. Scanning and photocopying. Other Ad hoc tasks as required.
Monitoring and reporting of aggregations including analysis of output.