Role: Assistant Underwriter - Financial Lines Reinsurance (Credit/Political Risk)
Location: London
Position type: Full time, permanent
Our Assistant Underwriters are at the heart of everything we do, without them our business wouldn’t function.
The Assistant Underwriter is a key member of the underwriting team, the individual will have a level of authority in collaboration with the senior underwriters to help make sound underwriting decisions and contribute thinking and output to operational delivery of the strategy.
About The Job
What you’ll spend your time doing:
1. Assist in arranging and attending client meetings.
2. Assist in the pricing of risks and the development of pricing models with the aid of the actuaries.
3. Keep up to date with claims situations, liaising with claims team as appropriate.
4. Ensure all required risk documents are scanned onto the underwriting workflow system and indexed accurately and in a timely manner
5. Enter all risk details on to the underwriting system where required, ensuring high levels of accuracy
6. Ensure the effective development of client / broker relationships – beginning to demonstrate a good understanding of the clients and the market in which they operate and how we can best meet their needs, or drive their risk needs.
7. Manage all queries in a professional and efficient manner
8. Represent MS Amlin at corporate / networking events, ensuring that the MS Amlin values and behaviours are upheld at all times
9. Remain alert to developments affecting the business of the class. Report on such matters, as appropriate.
10. Participate in the monitoring of premium payments and liaise with Brokers and CRT where necessary
11. Assistance with redevelopment of exposure management and aggregate capture work taking ownership of this process going forward
12. Conduct role in accordance with the Company’s Business Ethics policy and all regulated entities as appropriate
You’re going to enjoy this job if you also…
13. Keen learner, keeping up to date with trends of the market.
14. High attention to detail and accuracy
15. Are a strong problem solver, ability to question status quo and ability create and implement solutions.
What you’ll need:
16. Good knowledge and relevant underwriting experience ideally in Reinsurance
17. Ability to effectively influence and negotiate skills
18. Excellent communication skills
19. Sound financial and commercial acumen
20. Strong excel/numeracy skills.
What you can expect from us:
A competitive salary and benefits package is a given, but you can also expect:
21. A great team and supportive colleagues
22. An open mind (especially to new ideas and ways of doing things)
23. A strong focus on diversity, inclusion and equal opportunities
24. A programme of wellbeing and mental health support
25. Employer-supported volunteering (ESV)
26. Flexible working
27. Continuous learning
28. Study support
29. Structured career development
About Ms Amlin
MS Amlin is part of a global top-10 insurance group, MS&AD. We’re made up of four distinct businesses covering global reinsurance, Lloyds franchise, local specialty insurer, and business services.
This role sits within our Reinsurance Franchise at Lloyd’s (MS AUL) which specialises in Mergers & Acquisitions and Property & Casualty across London, the Middle East, the Far East and continental Europe.
Conduct Rules
With the implementation of the SM&CR (Senior Managers & Certification Regime), the Financial Services and Markets Act gave the FCA new powers to write conduct rules and apply them to all employees within a firm. The Conduct Rules set basic standards of good personal conduct. They stipulate that you must:
30. Act with integrity
31. Act with due care, skill and diligence
32. Be open and co-operative with the FCA, PRA and other regulators
33. Pay due regard to the interests of customers and treat them fairly
34. Observe proper standards of market conduct
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