Liability Underwriting Assistant

at  Lloyds Syndicate

OVERVIEW

We are a leading Lloyd’s of London Syndicate specialising in providing bespoke insurance solutions to clients across various sectors. Our commitment to innovation, quality, and risk management has established us as a trusted partner in the insurance industry.

JOB DESCRIPTION:

We are seeking a motivated Engineering or Mathematics Graduate to join our dynamic team as a Underwriting Assistant.

REQUIREMENTS

• Engineering / Mathematics degree essential.
• MSc in Nuclear Engineering / BSc in Engineering / BEng.
• Strong background in maths essential for evaluating risk factors.
• Excellent risk analysis skills.
• Strong attention to detail, organisational skills, and the ability to manage multiple accounts simultaneously.
• Excellent communication skills, both written and verbal, enabling effective collaboration within teams and with clients.

• Underwriting Support: Assist underwriters by providing technical insights that help in the decision-making process for policy issuance, pricing, and terms.
• Analyse Technical Risks: Apply your engineering knowledge to evaluate technical risks associated with projects in industries such as manufacturing, construction, energy and marine.
• Client Interaction: Engage with clients to understand their specific needs, explain complex concepts in an accessible manner, and build long-term relationships.
• Data Analysis and Modelling: Utilise statistical models and data analysis techniques to predict potential risk exposures and outcomes.
• Loss Prevention: Work on strategies to mitigate risk, advising on engineering controls and safety measures that could reduce the likelihood of claims.
• Research and Reporting: Conduct research on emerging technologies, materials, and methodologies in engineering to keep our policies relevant and competitive. Prepare detailed reports on findings.