Underwriting Analyst

Company:  Michael James Associates
Location: London
Closing Date: 17/10/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
Our client an insurance company is looking for a Senior Associate to join their underwriting operations team.Key Responsibilities:1. Underwriting Support:Review and monitor submission processing and clearance according to service levels.Manage tasks related to the underwriting lifecycle, including analysis, quote preparation, non-renewals, accounting, document issuance, endorsements, and cancellations.Handle account documentation and storage, including policies, reports, pricing models, and reinsurance contracts.2. Data and Document Management:Ensure underwriting submissions are stored and indexed within service levels.Enter policy data accurately and on time.Perform data cleansing and input additional risk information as needed.Collaborate with underwriters and brokers to correct premiums efficiently.3. Compliance and Controls:Support the operations team in addressing audit actions and internal controls.Monitor and adhere to regulatory compliance and internal policies.4. Procedures and Training:Create, maintain, and review standard operating procedures.Oversee training and onboarding for operations and other business functions.Promote process standardization and best practices.5. Stakeholder Engagement and Change Management:Represent operations in stakeholder meetings as needed.Support the design and implementation of process, systems, data, and regulatory changes.6. Additional Duties:Perform other tasks as assigned.Assist with the recruitment process for the operations management team.What Are We Looking For in the Ideal Candidate?Excellent written and verbal communication skills.Ability to establish strong working relationships across the organization.A customer-first mindset with a focus on continuous improvement and openness to change.Ability to thrive in dynamic business environments and adapt to changing business needs.Self-driven, capable of working independently, and effective in a team environment.Attentive to detail with a high level of accuracy in tasks.Proficient in IT, particularly with the Microsoft Office suite.Experience in supporting recruitment, selection, onboarding, and staff development.Actively engaged in pursuing professional insurance qualifications.Key Requirements:Prior experience with commercial insurance (business-to-business) products and services.Proven ability to use data analysis and insights to track operational performance.Proven experience in documenting processes, including procedures and process mapping.Familiarity with top-tier underwriting and support systems, based on previous experience.
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Michael James Associates
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