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Assistant Underwriter - CAT Treaty

MW Appointments
Closing date
24 Sep 2021

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Assistant Underwriter - Reinsurance CAT Treaty

Salary to £40,000

City office & WFH split agile working

The Assistant Underwriter is a key member of the underwriting team, the individual will have a level of authority in collaboration with the senior underwriters to help make sound underwriting decisions and contribute thinking and output to operational delivery of the strategy.

Role summary:
  • Profitably assist underwriters to issue a quote, underwrite and service allocated accounts and operate within agreed authority parameters.
  • Work closely with Claims in reviewing and recommend action on contentious claims and to monitor claims movements on accounts.
  • Ensure all risk documents are scanned onto the underwriting workflow system and indexed accurately and in a timely manner
  • Enter all risk details on to the underwriting system, ensuring high levels of accuracy
  • Prepare base rating files for review and discussion
  • Conduct accuracy checks on the work of the other underwriting assistants
  • Ensure the effective development of client / broker relationships.
  • Participate in the monitoring of premium payments.
  • Participate in the monitoring of underwriting against the Business Plan drawing attention to exceptions where identified.
  • Assistance with exposure management and aggregate capture work as well as RDS (Realistic Disaster Scenario)
  • Liaison with Modelling (RMS AIR etc...)
  • Liaison with Actuarial
  • Assistance with resolving standard risk review queries

The ideal candidate will possess:
  • A technical understanding of Property Catastrophe reinsurance.
  • Familiarity with the functions of the Lloyds/Company market
  • High attention to detail and accuracy
  • Be a strong and confident communicator
  • Problem solving skills
  • Enjoy learning and developing new skills

Ref - 8235

MW Appointments is acting as an Employment Agency in relation to this vacancy.
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