About us
Avencia is partnered with a leading global insurance provider, part of one of the world's largest insurance groups and a leader in the delivery of global insurance solutions for corporate businesses. For over 100 years, their 3,000 employees around the world have offered a broad and needs-based range of insurance solutions and accompanying services to clients across a variety of industries. With a presence in over 150 territories, this partnership ensures that we are everywhere our clients need us to be.
The role
To ensure the efficient and effective administration of technical information for the Liability Team.
Provide support to Underwriters in the Team to enable them to select and underwrite risks aligned to business objectives as well as in compliance with statutory and company requirements/guidelines.
Key accountabilities
To provide comprehensive underwriting and administration support to the Team, including:
- Collation and review of underwriting information relevant to new business and renewals
- Liaison with brokers to ensure information received is to the required standard for underwriting and all queries are promptly resolved
- Validation of data supplied to/from TPA's and/or other external service partners, ensuring that it is complete and accurate, through consultation with underwriters, brokers and other parties as required
- Liaison with other office(s) to ensure UK local policy requirements can be met
- Promptly identify any issues and that are observed and raise these with Underwriters in order to resolve
To ensure that all underwriting data is recorded promptly and accurately within the requisite underwriting systems/file, including:
- Ensuring data to be entered is complete and accurate
- Data entry of underwriting forms/documentation including, policy creation, new business premiums, renewal premiums, endorsements, taxes
- Reviewing data quality as required and ensuring any errors or omissions are corrected promptly, liaising with underwriter, credit control and other teams as appropriate
- Maintenance of accurate records for auditing and regulatory purposes.
To adhere to the agreed technical accounting processes for premium allocation, exchange rate agreement, tax allocations and, in conjunction with the Client Services Team, review existing processes regularly and challenge the status quo.
To liaise with the Claims Team as required to ensure that relevant stakeholders are kept fully appraised of claims developments.
To proactively participate in projects or other initiatives designed to improve effectiveness or efficiency of the business.
To undertake any other tasks as requested by the Director, in order that the Team achieves its objectives.
Skills & experience
- Experienced gained within an insurance role with an understanding of the terminologies used.
- A Level or equivalent qualifications; CII qualified at certificate level or equivalent experience.
- Good communication and interpersonal skills.
- Able to organise own workload effectively to meet service standards.
- Deadline focused; able to work under pressure to meet tight deadlines.
- Knowledge of the Microsoft Suite of applications and a competent user of Excel, Word and Outlook.
- Accuracy and attention to detail.