Trainee Underwriting Assistant – Lloyd’s

Trainee Underwriting Assistant – Lloyd’s £26,000-£32,000

For a graduate level candidate (or equivalent) looking to develop a career within the Lloyd’s insurance market this would be an excellent opportunity. A level leavers would be considered with strong grades. Previous exposure to the insurance world is highly preferred, possibly through work experience or temping. A level Maths and advanced Excel would be beneficial.

Duties/responsibilities:

Assist Underwriters to produce class of business underwriting plan in accordance with performance targets

Support Underwriters writing business within personal underwriting authority and in accordance with key business plan targets (i.e. business mix, line utilisation, aggregation, GWP, loss ratios, direct expenses)

Regularly monitor and review progress against plan with Underwriters/other senior management and through market knowledge and reserving exercise. Propose changes to the plan as appropriate to maximise returns

Build and maintain good relationships with brokers, clients, regulators as appropriate and deliver high quality service as part of means to deliver profit to the company and value to customer

Identify and implement ways to improve the quality of people, and performance of the account through new ideas, processed, approaches, etc.

Ensure compliance with all Group, regulatory and Lloyd’s requirements

Where necessary, travel supporting Underwriters and to assist in developing the portfolio