Underwriting Controls Assistant

Underwriting Controls Assistant

Department: Managing Agency

Employment Type: Permanent

Location: London

Reporting To: Head of Underwriting Controls

Compensation: £40,000 - £50,000 / year

Description

We are seeking a detail-oriented and proactive professional to support the Head of Underwriting Controls in ensuring robust oversight and controls across all managed syndicates. This role will play a key part in maintaining high standards of underwriting governance and assisting in the seamless onboarding of new syndicates into the Underwriting Controls Framework. If you thrive in a dynamic environment and have a keen eye for regulatory and operational excellence, we'd love to hear from you.

This role can be based in either London or Cheltenham.

Key Responsibilities

1. To report to the Head of Underwriting Controls and assist in the delivery of the managing agency underwriting operations and controls framework, including the onboarding of new syndicates into the framework.
2. Support the Head of Underwriting Controls in the enabling of a robust operating and controls framework for all managed syndicates.
3. To aid the Head of Underwriting Controls in the preparation of underwriting performance and exception reporting and in providing analysis and insights into syndicate underwriting performance and activities.
4. To assist in the advancement and efficiency of underwriting dashboards and reporting.
5. To work with the Head of Underwriting Controls and colleagues in the Cheltenham office to help ensure the smooth incorporation of new syndicate data into the 'tech stack' and delivery of syndicate reports, accurately and on time. This includes carrying out Data Quality Checks as appropriate and identifying areas of concern and deviations from standards.
6. To assist in the preparation of regulatory returns as required.
7. To conduct ad hoc reviews and projects as required.
8. To maintain compliance with Lloyd's Principles for Doing Business and any applicable UK or International statutory or regulatory obligations as required by the role.

Skills, Knowledge & Expertise

1. Some experience in the Lloyd's or Company market in an underwriting support function role.
2. Some knowledge of underwriting systems and underwriting management information.
3. Self-motivated and proactive.
4. Ability to adapt to changing priorities and manage multiple deadlines.
5. Excellent level of IT skills including Excel.
6. Highly numerate with strong analytical and problem-solving skills.
7. Excellent written and verbal communication skills with strong interpersonal skills.
8. Ability to work collaboratively and develop strong relationships internally and externally. Preferably graduate and progress towards ACII qualification or interest in the ACII qualification.
9. Some understanding of underwriting oversight and controls.
10. May have previous experience of working in a Managing Agent or in the Company market.
11. Demonstrates behaviours aligned to the Polo Works PRIDE values:

• Pioneering - we don't stand still
• Responsible - We do the right thing
• Inclusive - we all play a role
• Delivery Focused- we provide services we are proud of
• Empowering - we equip people to be their best

Job Benefits

As well as a competitive salary, discretionary annual bonus, and 25 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay.

You will also have access to company volunteering days, an employee assistance programme with retail discounts and savings, a generous employee referral scheme, regular sports and social events, and free Cheltenham bus travel.