Senior Underwriting Assistant 2

We’re thrilled that you are interested in joining us here at the Amynta Group!

The Senior Underwriting Assistant will contribute to the management and development of the General Liability and Excess Casualty insurance portfolio as well as supporting an established team of underwriters on new business through underwriting, client retention and sales support.

The Senior Underwriting Assistant is responsible for processing and facilitating various comprehensive underwriting support functions including but not limited to; validating account information, pursuing supporting risk documentation directly from producers, inputting and interpreting premium and loss data, reconciling figures, technical processing, policy administration, mid-term adjustments, and organizing electronic records.

The Senior Underwriting Assistant may also train and/or supervise third-party vendor/s providing service and support to the department. Furthermore, this role will prove an opportunity to learn the more technical aspects of commercial insurance which in turn will provide the basis for developing an underwriting skill set for potential advancement.

Underwriting / Production

•    Data validation – Troubleshoot data issues as they arise to ensure the proper new and renewal premium and loss data are provided for technical processing and underwriting pre-work.
•    Data entry – transfer application data to rating modules and deliver to underwriters to enable risk pricing and analysis.
•    To enter, update and transfer key underwriting data in quote and policy systems
•    Track and maintain submission log activity
•    Document production – Ensure production is timely, accurate, and meets SLA agreements with partners– troubleshoot systems issues should they arise during the preparation of policy documents, quotes, endorsements and invoices for Underwriter approval and liaise with brokers accordingly. 
•    Develop a process for the organization of underwriting documentation and electronic records.
•    Liaise with brokers to follow up on status of pending renewal and new business, current quotes and outstanding documents.
•    Maintain list of issues and enhancements needed for consideration as policy issuance upgrades are undertaken; participate and advise IT application working groups when enhancements and data flow interdependencies are to be developed.
•    Ensure timely and accurate production of premium bordereaux.
Related Business Functions
•    Process Development – assist in developing process and procedures for the new Excess Casualty and General Liability team, including systems, rating workbooks, reports and database feeds.
•    Credit Control - using independent judgment and discretion, ensure accurate and timely receipt of premium in accordance with BGSU’s payment terms, Reconcile payments with monthly bordereaux.
•    Premium Accounting - work independently to prepare monthly written and signed premium bordereaux in conjunction with Underwriters and Finance team.
•    Capacity - establish and maintain knowledge of internal controls and all procedures relating to management, underwriting and credit control.
•    Cash Application - ensure accurate and prompt premium payments / adjustments
•    MI - Produce management reports including premium, production, retention ratios, reinsurance submissions etc. as required. 
Compliance
•    Work with the underwriting team in the preparation of statistics, analyses of business trends, new business proposals, data entry and data processing as well as to assist with the production of business reports both for use within the team and for reporting purposes to Senior Management: (e.g. income analysis, loss Ratio reports etc.)
•    Work independently to maintain all underwriting records and ensure quality of entries into our underwriting system and other systems as appropriate.
•    Regulatory issues - To be aware of the regulatory impact and work always within the guidelines.
•    Adhere to granted underwriting authority levels. 

Regulatory Conduct Rules:

1.    Act with integrity.
2.    Act with due skill, care and diligence.
3.    Be open and co-operative with Lloyd’s, the FCA, the PRA, and other regulators.
4.    Pay due regard to the interests of customers and treat them fairly. 
5.    Observe proper standards of market conduct. 
Education, Qualifications, Knowledge, Skills and Experience

•    High school diploma with good overall educational passes required.  Degree is preferred.
•    Sound working knowledge of the commercial insurance market and practices, ideally with the knowledge of the relevant class of business. 
•    Experience in understanding and preparing complex underwriting documents, entering appropriate data and reconciling payments. 
•    Basic commercial awareness, with a knowledge of the insurance market and external changes which would impact on our business.
•    Basic knowledge of regulatory and legal compliance issues.
•    Excellent numeric, analytical and written skills.
•    Excellent prioritisation and organisational skills.
•    Excellent communication skills, both written and oral. 
•    Excellent IT skills, including Microsoft Word, Excel and Outlook.
•    Ability to accurately and efficiently enter data in a fast-paced environment.
•    Experience of working within a commercial office environment ideally within insurance.
•    Business travel may be required.
 

The Amynta Group (the “Company”) is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of any ground of discrimination protected by applicable human rights legislation. The information collected is solely used to determine suitability for employment, verify identity and maintain employment statistics on applicants.

Applicants with disabilities may be entitled to reasonable accommodation throughout the recruitment process in accordance with applicable human rights and accessibility legislation. A reasonable accommodation is an adjustment to processes, procedures, methods of conveying information and/or the physical environment, which may include the provision of additional support, in order to remove barriers a candidate may face during recruitment such that each candidate has an equal employment opportunity. The Company will accommodate a candidate to the point of undue hardship. Please inform the Company's personnel representative if you require any accommodation in the application process.