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Underwriting Assistant

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Chubb

2mo ago

  • Job
    Full-time
    Entry & Junior Level
  • Media & Journalism
  • London

AI generated summary

  • You need A level (or equivalent) education, Microsoft Office proficiency, strong communication skills, team player mentality, and preferred experience in insurance or administration.
  • You will process submissions, produce policy documents, manage premium invoicing, collaborate with teams, assist underwriters, identify process improvements, and uphold ethical standards.

Requirements

  • Minimum A level standard (or equivalent).
  • Proficient in Microsoft Office.
  • Confident with effective communication and interpersonal skills both in verbal and written forms, with the ability to work in a team environment as well as on own initiative.
  • Previous experience of an insurance operation, underwriting support role or experience in an administrative environment is preferred

Responsibilities

  • Responsible for accurately recording submissions and processing new business, renewals and endorsements, in a punctual and accurate manner, meeting agreed SLA/ agreed time frames.
  • Produce policy documentation under the guidance of the Underwriter ensuring that the documentation is complete and accurate, adopting the right first time principle.
  • Premium administration including invoicing and chasing late payment.
  • Collaborate closely with internal departments such as the overseas offices, credit control, claims and compliance, and external parties such as brokers and clients upon request.
  • Provide general assistance to underwriters with all administrative duties, and any ad hoc duties as agreed with the Operations Manager.
  • To work in conjunction with all respective areas to ensure efficient working practices are in place, e.g. identifying process improvements, providing feedback to reduce rework or errors and escalate any blockages to the Operations Manager where necessary
  • Work within the framework of Chubb ethical and service standards.

FAQs

What is the primary role of an Underwriting Assistant in the Political Risk & Credit division?

The primary role of an Underwriting Assistant is to provide administrative and processing support to the Political Risk & Credit division, working within departmental procedures and guidelines under the supervision of the Operations Manager.

What are the key responsibilities of an Underwriting Assistant?

Key responsibilities include accurately recording submissions, processing new business, renewals and endorsements, producing policy documentation, managing premium administration, collaborating with internal and external parties, assisting underwriters with administrative duties, identifying process improvements, and working within Chubb's ethical and service standards.

What level of education is required for the Underwriting Assistant position?

A minimum A level standard (or equivalent) is required for the Underwriting Assistant position.

What skills are necessary for an Underwriting Assistant?

Necessary skills include proficiency in Microsoft Office, effective communication and interpersonal skills both verbally and in writing, and the ability to work collaboratively in a team environment as well as independently.

Is prior experience in the insurance industry required for this position?

Previous experience in an insurance operation, an underwriting support role, or any administrative environment is preferred, but not strictly required.

What will the Underwriting Assistant be responsible for regarding premium administration?

The Underwriting Assistant will be responsible for premium administration tasks, which include invoicing and chasing late payments.

How important is teamwork in this role?

Teamwork is very important in this role, as the Underwriting Assistant must collaborate closely with internal departments and external parties such as brokers and clients.

What should an Underwriting Assistant do if they encounter blockages in their work?

If an Underwriting Assistant encounters blockages, they should escalate the issues to the Operations Manager as necessary.

Chubb

The world's largest publicly traded property and casualty insurance company

Finance
Industry
10,001+
Employees
1882
Founded Year

Mission & Purpose

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs 31,000 people worldwide.