Underwriting Assistant

Job Title: Underwriter

Purpose of the Role: -

To work in the equinox Lectio team as an underwriter to help deliver growth and expansion of this cross class underwriting facility.

Key Role Accountabilities:

• Delivery of daily tasks in a timely and accurate manner.
• Working compliantly with the Authority delegated by insurers.
• Daily tasks can include, but are not limited to:
  • Review risks and submissions received from the brokers to assess if the risk is in line with the criteria set out in the Delegated Underwriting Agreement (DUA).
  • Liaise with brokers to explain where these risks are outside of this scope and why we are declining.
  • Send formal offers of lines on risks that are in scope, ensuring the line size is within those set out in the DUA, particularly across complex multi-layer programs.
  • Checking firm order slips meet requirements and formally binding lines via PPL or Whitespace.
  • Review and agree or refer endorsements.
  • Send final slips for processing and, where required, aggregate teams for reporting to insurers.
• Build good working relationships with the various broking teams.
• Build good working relationships with capacity providers.
• Participate in regular insurer meetings to review progress of the facility.
• Participate in regular team meetings to:
  • Review our progress against targets.
  • identify and suggest improvements for growth areas.
  • Suggest improvements in process to help efficiency.
• Option to participate in:
  • review of other data and reports if suitable
  • DUA renewal and endorsements throughout the year

Qualifications & Experience:

• Familiar with the layout of the London MRC contract
• Experience with underwriting submissions is desirable.
• Knowledge of Property, Financial Lines, Marine, Specie, Terrorism or Cargo insurance is preferable.
• A-levels with GCSE (or equivalent) passes in Maths and English
• High level proficiency in MS Outlook, Word, and Excel – PowerPoint experience can be beneficial also.
• Strong negotiation, influencing skills, analytical, verbal, and written communication skills are valuable.

Person Specification:

• The role has the option of being a permanent home worker with ability to travel to London when required. As such you should have the ability to be self-motivated/disciplined but also be a team player.
• Accuracy and attention to detail is critical as well as the ability to handle multiple priorities during busy periods.
• You should be comfortable working with employees at all organisational levels.