Underwriting Assistant
Company
Munich Re Specialty - North America
Location
London , United Kingdom
Introduction
Bell & Clements is a leading expert in understanding and connecting US coverholders and brokers to flexible and innovative insurance solutions. We are also a registered Lloyd’s Broker. As a wholly owned subsidiary of Munich Re, we have access to the expertise, products and risk appetite of one of the largest and most successful insurance groups in the world.
We are specialists in offering expertise in underwriting, broking and capacity management for US Excess and Surplus (E&S) lines insurance solutions. The unique combination of broking and underwriting divisions provides the ability to quote and bind risks through inhouse binding authorities, while providing customers with access to Lloyd’s, London Market companies, and Munich Re owned capacity in Germany and the US.
Why join us?
We are a responsible employer, with a reputation for innovation and adding value in the insurance distribution chain. As a wholly owned subsidiary of Munich Re, we have access to the expertise, products, risk appetite and career development opportunities of one of the largest and most successful insurance groups in the world. As our business continues to grow, we are committed to expanding our team and provide development opportunities to ensure we are always supporting our people in their career journey. Our talent pool makes us who we are, and our inclusive culture means we are looking to continue to build our team with broad expertise, diverse backgrounds, and ambitious employees. Being part of Bell & Clements provides access to multiple health and wellbeing benefits, work-life balance initiatives (including hybrid working), financial wellbeing packages as well as training, development and career opportunities.
Overview
To assist the Senior Underwriters, Underwriters and Assistant Underwriters with all administrative and underwriting tasks (within guidelines) for business handled by the Direct Underwriting Property department.
Responsibilities
- Assist in the production of new quotes, renewal quotes and binders.
- Assist in administering correspondence sent to the Property mailbox, as and when required.
- Review of inspection reports and provide support to the Assistant Underwriter when required.
- Review daily post items and produce responses within guidelines.
- Update database information as and when required.
- Prepare submissions for Senior Underwriters, Underwriters and Assistant Underwriters when required.
- Create and action diarised file items.
- Attend monthly and annual departmental meetings actioning any points specific to your role.
- To embrace and actively implement the core principles of Continuous Conversations (Commitments, Feedback and Development) as part of daily activities and with other colleagues.
- Take ownership of and make personal and professional development a priority as part of Continuous Conversations.
- In line with Continuous Conversations, establish and achieve development aspirations and needs through the setting of commitments and giving and receiving frequent, constructive feedback (referring to resources provided for support).
- To abide by the policies and procedures of Bell & Clements Ltd.
Key Skills and Experience
- Accuracy, attention to detail and analytical skills is essential.
- Strong interpersonal, team working and communication skills, both written and verbal.
- The ability to absorb technical information and has a numeracy and statistical skillset.
- Problem-solving skills and a logical approach to work, self-motivation and the ability to work to tight deadlines.
- Experience in an underwriting support role would be advantageous
- North American Property business- desired
- Processing of underwriting endorsements and mid-term adjustments an advantage but not essential.
- Experience of reviewing / underwriting inspection reports – desired
Benefits
This position is offered on a Permanent basis. Annual salary will be dependent on the skills and experience of the successful candidate. Annual leave - 25 days per year (plus bank holidays), increases with length of service. Health & Wellbeing – our offering includes private medical insurance for employees, their partners and their families, a Digital GP service and an annual allowance (currently £550) any activities and/or equipment which supports health and wellbeing. Generous gender-neutral family leave policy - employees with 26 weeks’ continuous service at the Expected Week of Childbirth are eligible to receive 26 weeks full pay. Hybrid and remote working – to support your work balance we have introduced hybrid working. You will be provided with support to work from home up to a maximum of three days per week. Flexible working hours – the opportunity to flex your working hours. Professional Qualification Support – (discretionary) financial support covering the cost of professional qualifications, including institute membership, exams, study materials and completion bonuses. Team fun – warm and social culture with regular get togethers.
Equal Opportunities
Bell and Clements is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, transgender status, religion or belief, marital status, or parental status.
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.
If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.
