Trainee Underwriter - Newcastle upon Tyne, United Kingdom - The Benefact Group

The Benefact Group

Verified Company

Newcastle upon Tyne, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Working hours:35 hours per week, Monday to Friday

Duration:
Permanent

Location:
Newcastle

About the role:

We have a fantastic opportunity to join our business Lycetts Insurance Brokers in Newcastle.

This position will involve supporting the underwriting manager, senior underwriter and underwriters in the management of the insurance and financial services business for Lycetts clients and prospects.

You will be working in a supportive team environment and training will be provided.

Key responsibilities:

Maintain record keeping requirements through use of OpenGI and other systems as required
Create and complete the renewal review template, renewal schedules and claims experience sheets for team underwriters to the required deadline prior to renewal
Assist in the preparation of management information reports to the required deadline
Prepare and issue Mid Term Adjustments as directed (to be signed off by the Underwriting Manager or senior team member)
Input renewal amendments and/or issue renewal confirmations where requested
Develop and maintain relationships with internal stakeholders (underwriters, insurers, other insurance teams, Financial Services and Risk Management Services)
Acquire and maintain knowledge of Lycetts products, as applicable to product licences
Develop knowledge of industry and sector with reference to trade and industry media
Answer queries in relation to bordereau reports
Ensure that the delegated authority limits set out within delegated authority agreements are not exceeded
Process documentation for digital archiving
Correspond with fellow team members and colleagues as appropriate and directed
Maintain electronic files
Work within Compliance Framework required by the Company/Financial Conduct Authority (FCA)
Identify and resolve any complaints and manage in line with company policy
Comply with all applicable sections of the Lycetts compliance manual

***:
Knowledge, skills and experience
***:

Clear communication skills with the ability to work well in a team environment
Competent IT skills familiar with Word, Outlook and Excel
Strong numeracy skills
The ability to build and manage cooperative and productive relationships
A quick learner with strong problem solving abilities
Must be prepared to develop insurance technical knowledge (Study towards Cert CII)
Position would suit someone satisfied in an officebased role and happy to work within a tight knit team.
Experience with OpenGI broking software (advantageous)
Insurance qualifications (The company holds Chartered Status and all staff are required to achieve formal qualifications with Cert CII as a minimum standard)

What we offer
***:

A competitive salary
Flexible and hybrid working available upon successful completion of probation
Competitive Personal Pension
Annual Bonus scheme (Discretionary based on individual and company performance)
Life Assurance cover up to 4 x salary
25 days annual leave plus bank holidays (rising to 26 and 27 for 5 and 10 years' service respectively)
Career development opportunities with funded support and financial incentives for all professional qualifications.

About us:

Committed to making a difference:

We think that people are looking for something worthwhile in a company beyond the workplace.

Our employees are encouraged to take at least one day a year to help a charity of their choice, offering practical and professional support, as part of our MyGiving programme.

Our staff know how to work hard but also how to enjoy themselves We pride ourselves on creating an appropriate work-life balance, valuing wellbeing, flexibility and being part of a team.