Assistant Underwriter

The posting

Job Title: Underwriter

Location: London/Hybrid (Typically 2/3 days in the office)

Type: Full time – Permanent (If you are a job share partnership, work reduced hours, or any other way of working flexibly, please do still get in touch)

At Price Forbes, we provide much more than just a workplace. We are dedicated to fostering skill development and knowledge within a team that is passionate about their work, values their Employees, and truly celebrates diversity.

Working at Price Forbes means you’ll be part of The Ardonagh Group. We are proud of our innovative environment offering many opportunities for growth across the wider group. Employees regularly move between our united teams, and we encourage you to make your role your own.

Our offices are lively and exciting places to be, but we understand that life needs flexibility, and offer a genuinely flexible approach to working. If you are looking to join a thriving, energetic business with exciting plans, this role could be an ideal fit for you.

What we can offer:

We offer much more than just an inclusive culture with apprenticeships, study support, participation in our annual Spotlight Awards, Community Trust, Sports Teams, office socials, events and so much more. All of this with a supportive management team as well as working alongside some of the industry’s top talent.

You’ll have access to wellbeing programs, fantastic discounts across many big-name businesses including supermarkets, gym memberships, restaurants, and healthcare cash plans etc.

Further perks of working with us (Fixed benefits):

• Employer pension contribution of 10% (providing you, the Employee provides 5%).
• Good work life balance - flexibility to suit you.
• Competitive salary.
• Life Assurance at X4 of your base salary.
• Group Income Protection.
• Generous Annual Leave entitlement.
• Private Medical Insurance.
• Group annual bonus scheme.

Purpose of the Role:

To ensure the delivery of accurate and timely underwriting services to the Lectio Client Base. This requires an in-depth awareness of the Lectio Underwriting Parameters and the regulatory responsibilities of a Lloyds’ Coverholder. Whilst aligned to the Casualty line of business, the role requires commitment, awareness and support of all Lectio GWP growth targets.

Key Role Accountabilities:

· Maintain a thorough knowledge and continued awareness of the Lectio DUA and Underwriting Parameters. This knowledge will enable an understanding of Lectios’ contractual responsibilities to capacity providers.

· Support the Senior Underwriter in delivering a high-quality underwriting service on the PFP Casualty book. This includes first class turnaround times & professional and proactive communication skills

· Maintain a detailed understanding of the referral rules relative to the book and, where appropriate ensure professional and clear issuance of referrals to the panel

· Proactively monitor the utilisation performance relative to the Casualty Line of Business

· Proactively support the senior underwriters and other Lectio colleagues in fostering a positive and respectful team environment.

· Understand and support the end-to-end process relative to the Lectio book. This includes compliance with all processes and taking a proactive role in supporting the Assistant UW’s and UW Assistants.

Qualifications & Experience:

· Minimum of 5 years within the London Insurance Market

· Experience and knowledge of a Lloyds’ Coverholder environment

· Experience as an Assistant UW within a Coverholder or Underwriting environment

· High level proficiency in MS Outlook, Word and Excel – PowerPoint experience can be beneficial also.

· Strong, analytical, verbal and written communication skills are valuable.

Person Specification:

The role would be split between home working and the London office. As such you should have the ability to be self-motivated/disciplined but also be a team player.

This role requires a continued proactive mindset, including a desire to learn, whilst also encouraging and supporting team members.

A commitment to support other lines of business as, and when required by the Lectio leaders. In this way, the role requires awareness and support of the broader Lectio objectives.

The candidate is expected to demonstrate professional and proactive communication and engagement with key stakeholders

Think you don’t meet every requirement?

We are an equal opportunities Employer, dedicated to creating a diverse, inclusive, and authentic workplace where everyone can thrive, bring their whole self to work, and reach their full potential. If you’re excited about this role, but your experience doesn’t perfectly match what we are looking for, please apply anyway. You might just be the right fit for the job, or other opportunities we may have within the wider Group.

Interview Process: At Price Forbes, we have a straightforward interview process to ensure the best fit for both you and the company:

• Submit your application with your CV, emphasising your skills and experience related to the job.
• Our Talent Acquisition team will then arrange a call where they can tell you more about the role and the team. We want to learn about your motivation and goals, what you can bring to Price Forbes, and answer any immediate questions.
• If successful, you will generally be invited to engage in a 1-hour interview with the Hiring Manager and selected team members, via teams or in person. We will discuss our technologies, key skills, and team dynamics and provide further opportunity to ask any questions. This is your chance to voice your thoughts on the role and we will outline our expectations and ensure this role aligns with your ambitions for the future.
• Depending on the role, you may be invited to attend a second stage interview with further members of the team.

If successful or unsuccessful, we always try and move quickly in presenting an offer or providing feedback.

We truly value the diversity of our teams and as a Group, we are committed to supporting and welcoming individuals from all backgrounds, as we appreciate every perspective is a significant part of our success. Should you require any reasonable adjustment throughout the recruitment process, please do not hesitate to let a member of the Talent team know.

#PFI

If your application is successful, we will conduct relevant employment checks prior to you commencing employment with us. These will include verifying your recent employment, address, credit history, and a standard criminal record check.

Note to recruiters and employment agencies:

We will not pay for unsolicited CV's from recruiters and employment agencies unless we have a signed agreement and have requested assistance, in writing, for a specific vacancy.