Apprentice Underwriting Assistant BERKLEY OFFSHORE UNDERWRITING MANAGERS UK, LIMITED

As an Apprentice Underwriting Assistant, you will gain experience in the underwriting process by supporting the business in policy submission, creation, renewal and booking process.

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Closing date: 30 Apr 2024

Apprenticeship summary

  • Annual wage

    £25,000.00

  • Working week

    9.00am - 5.00pm, Days to be confirmed. (1 hour for lunch)

    Total hours per week: 35.0

  • Expected duration

    18 Months

  • Possible start date

    06 May 2024

  • Date posted

    26 Mar 2024

  • Apprenticeship level

    Advanced
    Level 3 (A level)

  • Reference number

    VAC1000240137

  • Positions

    1 available

What you will do in your working day

Role of Applicant:

  • As an Apprentice Underwriting Assistant, you will gain experience in the Underwriting process by supporting the business in policy submission, creation, renewal and booking process
  • You will provide administrative support to BOUM's Property Underwriting department
  • You will learn about Upstream Energy insurance

Core Responsibilities:

  • Assisting the Underwriters with policy renewal and booking into underwriting system
  • General administrative support within underwriting process including file management
  • Creation of references and electronic folders for new and renewal submissions
  • Awareness of all submissions and their nature (e.g. new; quote / new; written / renewal; quote / renewal; written)
  • Monitoring/Allocation of premium messages
  • Learn about basic underwriting principles and factors used to assess risk
  • Understand basic regulatory and compliance regulations involved in the underwriting process
  • Learn about the main stakeholder relationships in the Insurance process for example Insureds, Brokers, Loss Adjusters and Lawyers
  • Complete all scanning and saving of documents to FileNet
  • Assist with monthly booking process
  • Process minor endorsement changes
  • Provide support with audits and compliance checks (i.e. collate folders/info for UA or UW to review)
  • Assist UA with Agents Balance Report and accounts queries Contact brokers where required
  • Perform other duties as assigned

Responsibilities specific to the Property Team:

  • Maintain File Log
  • To be overseen by UA or SUA
  • Upon policy completion, perform destruction checklist

The training you will be getting

Insurance Practitioner Level 3 Apprenticeship Standard:

  • Fully and part funded learning and development programme that includes the Cert CII
  • Develop the knowledge, skills and behaviours of successful Insurance Practitioners

Role-specific route ways tailor the apprenticeship to the job role:

  • Claims Handler/Loss Adjuster
  • Assistant Underwriter
  • Junior Broker

Free CII membership for non-members through the CII Aspire Apprenticeship Programme:

  • Includes the CII study books and exam entries
  • Resit costs for CII exams and End-Point-Assessment will be covered by the employer
  • Fortnightly workshops for each CII exam
  • All workshops recorded and available on-demand
  • Interactive chat, forums and class notebooks for real time support and assistance from experienced and qualified insurance professionals
  • Exam tips, tricks, and strategies
  • Regular tutorials and assessments with your dedicated trainer

What to expect at the end of your apprenticeship

  • Should the business have opportunities available, and candidate complete the apprenticeship, opportunity to develop and progress further in the Exposure & Aggregations division or the Property Underwriting division

Requirements and prospects

Desired skills and personal qualities

Communication skills, IT skills, Attention to detail, Organisation skills, Customer care skills, Team working, Detail oriented

Qualifications

GCSE or equivalent Maths and English (Grade 4/C or above) Essential
A Level or equivalent Any (Grade C or above) Essential

About the employer

We are a Specialist Global Underwriter of Energy Property, Marine and Liability Risks with offices in New York, London and Houston. To be the market of choice for worldwide Energy Property, Marine, and Liability risks by providing superior security, service and expertise in our specialty fields.

Employer

BERKLEY OFFSHORE UNDERWRITING MANAGERS UK, LIMITED

Address

Level 13 52 Lime Street

London

EC3M 7AF

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Training

Training provider

SKILLS EDGE TRAINING LTD

Adjustments for experience

You could reduce your training time, or finish your apprenticeship faster, if you have relevant prior learning or experience. This could be relevant:

  • training
  • qualifications, like an NVQ in a relevant field
  • industry or sector experience

Contact

Paige Waistell

paige.waistell@skillsedge.co.uk

0333 358 3559

Apprenticeship standard

Insurance practitioner

Level 3 (A level)

Demonstrating experience

If your application is successful, you will have a chance to discuss your relevant prior learning or experience with your training provider and employer. You will all need to agree any adjustments to your training plan.

You should be prepared to show your competence, and evidence of relevant qualifications


Before you apply

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