Assistant Underwriter
Posted on :
11-11-2024
Employer Active
1 Vacancy
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Job Description
- Follow up on receipt of agreement terms for member companies based on class of business.
- Prepare cover notes for member companies.
- Assist in the underwriting process for different classes of business.
- Coordinate and follow up on receiving signed copies of treaty cover notes.
- Analyze offers and propose rates and terms according to technical underwriting procedures and guidelines.
- Study submitted claims and provide technical opinions and analysis.
- Prepare technical accounts according to agreement terms and covers in force, presenting them to the departmental manager for audit and approval.
- Underwrite facultative risks with proper risk analysis.
- Enter data for accepted policies into both the new SAP system and the existing system.
- Coordinate with the technical accounts department to renew annual covers and confirm receipt of all relevant premium closings and settlements.
- Keep the team updated on the latest applicable London Circulars published by the Joint Hull Committee and the latest versions of the Watchlist.
- Issue and document relevant internal circulars in line with the latest updates, circulating them to all AWRIS member companies.
- Follow up on receipt of premium closings for sabotage and terrorism/political violence covers.
- Ensure payment of premiums for sabotage and terrorism/political violence covers by member and non-member companies.
- Collaborate with brokers and insurance members to gather and review renewal information for insurance arrangements.
- Work with the technical team to update the policies and procedures manual.
- Handle other tasks related to the department as assigned by the department head or the CEO.
Employment Type
Full Time
Department / Functional Area
Key Skills
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