Assistant Underwriter

Job Description
Job vacancy: Assistant Underwriter
Job reference: GP203

Our insurance-based client has had a fantastic opportunity for an Assistant Underwriter to join the Commercial Underwriting team based in Malta.

This is an exciting opportunity to take on an interesting and varied role. Underwriting is a combination of risk assessment, sales, commercial awareness, and negotiation with clients; and is key to the success of the business.

Underwriters underwrite high net worth commercial legal indemnity risks, negotiating and maximising business profitability by means of effective and flexible underwriting decisions and techniques. They have significant limits and authority on cases of technical complexity and increase sales through developing relationships with new and existing clients, solicitors, and brokers. You will underwrite commercial cases under the direction of a more senior underwriter to ensure that new business is secured whilst providing a consistently high level of service all the while increasing underwriting and technical knowledge.

Role Profile:
You will assist with the daily underwriting and processing of commercial risks ensuring that new business is secured in addition to learning about the various risks and underwriting them effectively.

Your key responsibilities will include:

• Reviewing/summarising files, gathering information for the Underwriter and dealing with new enquiries and queries via the telephone and through written contact;
• You will be involved in checking policy wording, demonstrating an in-depth knowledge of policy coverage and being able to discuss this confidently with external and internal clients;
• You will also need to ensure that systems are maintained and updated as required;
• Importantly, you will develop and maintain excellent working relationships with key clients and brokers across Europe ensuring a consistently high level of service.   

*This is an excellent opportunity to grow your career within Underwriting. Their internal training programme will equip you with the knowledge and skills to progress your underwriting career. They also encourage employees to seek professional growth and development sponsoring staff who want to pursue professional qualifications.  

Your responsibilities will include:

• Assist with the daily underwriting and processing of commercial risks for Europe;
• Review and summarise files gathering information on cases for referral to a more senior underwriter;
• Ensure policy wording is correct and demonstrate an in-depth knowledge of policy coverage and be able to discuss this confidently with external and internal clients;
• Deal with new enquiries and queries via telephone and in writing and adhere to service standards;
• Input, update and maintain data so systems accurately reflect the current position;
• Develop and maintain excellent working relationships with clients and maintain high levels of service in order to maximise business and conversion rate;
• Work within prescribed objectives and procedures ensuring that all the requirements of department guidelines, service, regulatory and technical standards are met;
• Be proactive in considering the department’s processes and in highlighting the need for change/improvement;
• Understand external/internal clients needs and work with the team to meet these needs;
• Model and promote the Company Values in all aspects of your daily work (Integrity, Commitment, Teamwork, Service, and Leadership);
• Achieve and maintain technical competence in accordance with company standards;
• Undertake legal research, projects, and other reasonable duties as assigned by the line manager;
• Continually develop industry and marketplace knowledge;
• Travel to other locations in Europe as required.

About You:
To be successful, candidates should possess the following:

• A good degree, minimum 2:1 in Accounting and Finance, Law, Mathematics, Economics, History, Geography, Business Studies or a legal/insurance/property professional qualification or relevant experience;
• Excellent communication skills with the ability to liaise at all levels;
• Ability to develop business relationships;
• Strong organisational and analytical skills;
• The ability to prioritise your workload often within tight deadlines whilst still maintaining high attention to detail;
• Flexibility in providing help and support for others and building good working relationships with your team colleagues;
• A positive, can-do approach;
• European languages desirable;
• Be willing to work in Malta on a permanent basis.

*You will need to demonstrate an interest in a sales/client facing role, be comfortable in a commercial negotiating environment, have a strong desire to succeed and be willing and able to gain knowledge quickly in order to successfully analyse risks, devise commercially viable solutions and manage relationships.

*Above all, to be successful in this role you need to show enthusiasm, drive, and a positive working attitude.  For this, you will be rewarded with the opportunity for a very successful career within an expanding global company.

Graduate Planet CIC:
Graduate Planet CIC is an award-winning Social Enterprise Recruitment Consultancy with over 20 years of experience. As a Social Enterprise and a Community Interest Company (CIC) we have a clear environmental mission, reinvesting 100% of our profit into teaching children how they can achieve long-term environmental sustainability.