Underwriting Technician - London, United Kingdom - Avencia Consulting

Avencia Consulting

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

The Role
Underwriting Technician

London (hybrid working available 2-3 days in the office)

£ Competitive + Bonus and benefits

Are you looking for your next career step working on large international programmes within the insurance sector?

We have an excellent opportunity as part of the growth in HDI Global Specialty for you to join our life sciences team in our Global Client Services department.

We are looking for someone with experience of international programmes/ multinational accounts who is looking to take the next step in your career.

If you're looking to further your career then this may be the role for you

What is the role's responsibilities?

Responsible for supporting the International Programmes and Compliance Specialists in liaising with all servicing offices of the Global Network and / or the regional hubs to:
Validate that instructions are complete and clear, all required actions from servicing office are completed in a timely manner and address discrepancies in the information provided by local parties
Make records of market intelligence in respect of local regulation, local practice and corporate directives that may impact / conflict with the procedures of the Global Network business model.
To ensure the efficient and effective handling of multinational business, on behalf of the HDI Group Global Network and processing of technical information for the UK Branch, including any other branches or entities for which the UK Branch is responsible.

This includes acting within agreed operational and underwriting authorities, meeting agreed service and data quality standards, both internal and external.

Liaising with servicing offices of the HDI Global Network to understand how features of their markets limit or extend the scope of the implementation of the programmes, to learn and disseminate regulatory issues, and facilitate communication and servicedelivery.

What you will be doing?

To evaluate complex risks and determine appropriate insurance premiums for Terrorism and use calculation tools, actuarial information, other statistics and own judgement, within own authority level, to make necessary referrals in accordance with companypolicy.
Ensure that all complex underwriting data is recorded promptly and accurately within the requisite systems;
Ensure data to be entered is complete and accurate, by liaison with producing offices; brokers; coinsurers; other HDI offices etc as required.
Issue or review the Request of Coverage (RoC) forms created and ensure that all fields are accurately completed by the underwriter. Any missing, incomplete or unclear items to be queried with the underwriter before processing the form.
Data entry includes, but is not exclusively: policy creation; new business premiums; renewal premiums; endorsements; terrorism; coinsurances; reinsurances, taxes, other deductions, lead office expenses, risk management fees etc.
Regularly produce reports from Global Network Portal and Business Objects in order to identified pending queries, missing information and provide claims information to external clients
Answer complex underwriting queries, cash queries received from credit control, liaising with the producing office and processing correcting entries as appropriate.

What we are looking for?

Experience in multiple line of business
A Level or equivalent qualifications; CII qualified at certificate level/ part qualified at Certificate or equivalent experience.
Good systems knowledge, particularly experience of using various company bespoke systems to capture and monitor data
Good understanding of insurance cover and the terminologies used, across all lines of business
Good understanding about underwriting policy construction, able to read underwriting files and understand what data needs to be recorded
Able to organise own workload effectively to meet service standards
Deadline focused; able to work under pressure to meet tight deadlines
Accuracy and attention to detail
Competent user of Excel & Word
Understand financial impact of technical data processed
Excellent communication skills

About us and what next?
**Avencia Consulting are an RPO who provide a recruitment service to our client HDI Global.