Underwriting Assistant, Reinsurance

• Locations Floor 36, London, EC2N 4BQ, GB (On-site)
• Job Schedule Full time

About Us

Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd's of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets.

Key Accountabilities & Role Requirements

• To liaise with operational functions on the processing of Reinsurance policies.
• To assist underwriters in the completion of modelling submissions, pricing tools and account documentation.
• To assist in exposure management and portfolio data analysis.
• To engage in underwriting training and development, both internally and externally, with the ultimate aim of attaining underwriting authority.
• Engage with brokers and clients, building market relationships.
• To monitor and respond to changes in regulation and compliance.
• Prepare for and attend peer review meetings.
• Undertake analysis/tracking of QS bordereaux.
• Communication skills - ability to communicate clearly with internal stakeholders and external clients and brokers at all levels, both verbally and in writing.
• Administrative skills - highly organised and able to prioritise tasks effectively. Applicants should have excellent attention to detail and an ability to meet deadlines.
• Presentation skills - ability to present to internal and external stakeholders
• Analytical skills - numerically literate and able to analyse data.
• Compliance - ability to ensure compliance with all management and regulatory controls.

As part of the applicant's progression to attaining underwriting authority, the additional competencies expected include:

Judgement / Decision-making skills - ability to approach problems logically and rationally and evaluate quantitative and qualitative data to make measured risk decisions.

Relationship building - ability and confidence to establish and maintain excellent relationships with external stakeholders (such as brokers, clients, and reinsurers) in a client-facing role.

Qualifications & Experience

ACII qualifications or willing to work towards.

A Levels or equivalent.

Excellent IT skills - including intermediate Excel (ability to use formulas effectively and produce graphical data), and other Windows Office and Adobe applications.

Strong numerical skills.

Lloyd's market experience preferable.

This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.

Westfield Specialty International Culture

Our culture is centred around three core values:Excellence, focused on high performance, agility and embracing change;Ambition, where inquisitiveness, challenge and a bold approach isencouraged; andCollaboration, delivering shared goals through collective expertise,diversity of thoughtand transparency. All three are underpinned byReward & Recognition,where people are supported & respected, and success is celebrated.

EQUAL OPPORTUNITY EMPLOYER

United States: All applicants receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran.

United Kingdom: Westfield is committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships.