Trainee Underwriter, Equine

Convex Insurance London, United Kingdom

Posted 3 days ago Permanent Competitive

Trainee Underwriter, Equine

Department: Underwriting - Insurance

Employment Type: Permanent - Full Time

Location: London, UK

Description

To support the Equine team and the Underwriting Support Assistant team in delivering a high quality client service. To ensure that new and renewal business are processed to agreed service standards.

The ideal candidate should have 1 to 2 years of insurance experience alongside a passion for the equestrian industry.

Key Responsibilities

The Equine team provide comprehensive Equestrian & Bloodstock insurance and reinsurance protection for clients worldwide.

Convex are unique in the London insurance market in that we have Underwriters who have first-hand practical equine experience. This gives us an awareness and understanding of the requirements of this niche sector.

Reporting directly to the Head of the ELA Team, your key responsibilities will include:

Build good working relationships with Underwriting teams and ensure that Underwriting management are regularly communicated with and kept up to date.
Support the Underwriting Support Assistant team who will be taking ownership of all aspects of the administration and referrals.
Learn and develop an understanding of the Equine line of business.
Pre-underwriting calculations and work as directed by the Underwriter.
Attend peer review meetings and participate in discussions on risks within the division.
To ensure peer review packs/meeting preparation is completed and logged on the Underwriting system.
Produce and collate data for business planning.
To manage the flow of bound risks received from the Underwriters.
Run Underwriting and MI reports as required.
To ensure all processing and credit control queries are answered within SLA timeframes.
To provide general assistance to Underwriters with all administrative duties.
To liaise with brokers upon request in additional to internal departments such as credit control, claims & compliance.
To work in conjunction with the Underwriting teams to ensure efficient working practices are in place e.g., identifying process improvements, providing feedback to reduce rework or errors and escalate any blockages to the team leader.
To be aware of the regulatory impact and ensure all underwriting activity is always within the guidelines.
Learning the technical aspects of pricing and insurance terms and conditions alongside and within the Underwriting team.
Understanding market and competitor dynamics.
To work within the Company's code of conduct.

Skills Knowledge and Expertise

Very strong numeracy and analytical skills are essential.
Strong verbal and written communication skills.
Able to use discretion in working to resolve issues.
Possess a continuous improvement mindset.
Ability to work flexibly in order to complete duties of the role, particularly during peak underwriting periods.
Proven ability to prioritise and organise effectively.
Proven ability to work with speed and accuracy, particularly under pressure.
Experience supporting work allocation and working to SLAs/tight deadlines.
Proven experience of building and maintaining good working relationships.
Committed to developing a career in Underwriting & studying or committed to studying CII exams.