Posted 1mo ago

Underwriting Assistant

@ Fortegra
United Kingdom
OnsiteFull Time
Responsibilities:Supporting underwriting, Drafting wordings, Managing agreements
Requirements Summary:4+ years insurance industry experience; strong underwriting and portfolio management; team player with attention to detail.
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Job Description

The main purpose of the role is: 

  • To service various clients who distribute general/miscellaneous non-life insurance business.
  • Main responsibilities include: -
    • Producing and analysing underwriting reports.
    • Dealing with policy administration and claims handling decisions – supporting TPA’s with process improvement.
    • Draft policy wording and IPID’s – manage version control of the documents.
    • Manage client agreements, ensure partners follow due process and operate under specific guidelines.
    • Attend client meetings, support clients and underwriters with pricing requests.
    • Familiarise yourself with the regulatory framework for which Fortegra Europe operate in.
    • Support the claims function with client reviews and TPA audits.

Primary Job Functions:

  • Support the development of a profitable and sustainable book of GI business.
  • Support the local Sales and Marketing teams to develop a healthy pipeline of new business opportunities.
  • Support underwriters when pricing deals, including drafting risk assessments and pricing assumptions.
  • Assist in relationship management with clients during the underwriting, negotiation, and deal implementation stages.
  • Support the re-negotiation of renewal terms where appropriate, ensuring performance, key metrics and target loss ratios run to plan.
  • Establish, manage, and implement appropriate underwriting guidelines within the business.
  • Ensure claims management process is in line with pricing assumptions and partners are administering business appropriately and in line with policy terms and conditions.
  • Assist in the drafting of policy wordings, IPID’s, marketing material and client presentations.
  • In conjunction with Compliance personnel, ensure products are designed and priced within the general regulatory framework for each territory.
  • Liaise with actuarial, finance, legal, claims, operations and compliance in structuring deals.
  • Production of monthly/quarterly underwriting, sales and claims reports.

The above cited duties and responsibilities describe the general nature and level of work performed by people assigned to the job.  They are not intended to be an exhaustive list of all the duties and responsibilities that an incumbent may be expected or asked to perform

Skills & Competencies Required:

  • 4+ years insurance industry experience.
  • Good technical underwriting and portfolio management skills aligned with strong commercial acumen.
  • Experience in building and managing profitable business.
  • Good technical knowledge of insurance products (preferably warranty/consumer based), policy coverages, including the drafting of compliant wordings.
  • Experience of regulatory bodies and frameworks.
  • Ability to liaise with internal stakeholders at all levels and where relevant, presenting results and findings to boards and committees.
  • Excellent attention to detail and a meticulous eye for identifying inconsistencies or inaccuracies.
  • Trustworthy, loyal, honest with high integrity and a strong commercial acumen.
  • Team player, confident in challenging business leaders in a methodical and constructive manner.
  • Results driven, motivated and takes responsibility for actions and results.
  • Pro-active and willing to take on new challenges, with a continuous improvement mindset.

Fortegra is not accepting unsolicited resumes from search firms for this position.

Recruitment Updates
Fortegra has recently been made aware of unauthorized communications regarding career opportunities by individuals not associated with Fortegra or our recruitment team. Fortegra will only contact you from the Fortegra domain address (@fortegra.com). If you receive a message from someone posing as a Fortegra recruiter via text message, WhatsApp, Telegram or other messaging platform, please report it as phishing and block the sender.

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