Sr Underwriting Assistant

We're thrilled that you are interested in joining us here at the Amynta Group The Senior Underwriting Assistant will contribute to the development and implementation of a Public & Non Profit specialty insurance portfolio and support an established team of underwriters with respect to underwriting, client retention and sales support. The Senior Underwriting Assistant is responsible for processing and facilitating various comprehensive underwriting support functions including but not limited to; validating account information, pursuing supporting risk documentation directly from producers, inputting and interpreting premium and loss data, reconciling figures, technical processing, policy administration, mid-term adjustments, month-end premium reporting and organizing electronic records. Typically, this position involves mentoring, coaching, some supervision and training of junior Underwriting Assistants as needed. The Senior Underwriting Assistant may also train and/or supervise third-party vendor/s providing service and support to the department. Furthermore, this role will prove an opportunity to learn the underwriting processes for this class of business which in turn will provide the basis for developing an underwriting skill set for potential advancement. Underwriting Technical Support / Production Data validation - Troubleshoot data issues as they arise to ensure the proper new and renewal premium and loss data are provided for technical processing and underwriting pre-work. Track and maintain submission log activity; oversee such activity if managed by third-party outsource providers. Underwriting support - check, interpret and transfer application data to rating modules and interact with underwriters and producers to enable risk pricing and analysis; oversee such activity if managed by third-party outsource providers. Utilize rating platform to manage pricing workbooks. Ensure critical pricing data is captured for management pricing MI. Underwriting technical support - enter, update and transfer key underwriting data into policy admin systems; ensure all critical data points are included with a focus on data quality. Document production - create quotes, binders, policies, invoices and endorsements for Underwriter approval and liaise with brokers accordingly. Ensure production is timely and accurate - troubleshoot systems issues should they arise during the preparation of documents. Document management - Develop a process for the organization of underwriting documentation and electronic records. Liaise with brokers to follow up on status of pending renewal and new business, current quotes and outstanding documents. Maintain list of issues and enhancements needed for consideration as policy issuance upgrades are undertaken; participate and advise IT application working groups when enhancements and data flow interdependencies are to be developed. Ensure timely and accurate production of premium bordereaux. Related Business Functions Process Development - assist in developing process and procedures for the team, including systems, rating workbooks, reports and database feeds. Credit Control - using independent judgment and discretion, ensure accurate and timely receipt of premium in accordance with Ambridge payment terms, Reconcile payments with monthly bordereaux. Premium Accounting - work independently to prepare monthly written and signed premium bordereaux in conjunction with Underwriters and Finance team. Good with excel, basic accounting (debits/credits) and reconciling figures. System testing - participate and provide feedback during system upgrade testing. Controls - establish and maintain knowledge of internal controls and all procedures relating to management, underwriting and credit control. MI - produce management reports including premium, production, retention ratios, reinsurance submissions etc. as required. Help develop solutions / trouble shoot MI issues in data warehouse reporting. Reporting and analysis - Work with the underwriting team in the preparation of statistics, analyses of business trends, new business proposals, and business reports both for use within the team and for reporting purposes to Senior Management / Board. Broker management - initiate new broker due diligence; work with Legal and outsource providers to on-board and monitor new producers. Compliance Regulatory issues - be aware of all regulatory requirements, conduct risk, Company protocols and work always within the guidelines. Learn and understand Lloyd's regulatory requirements. Adopt procedures to comply with OFAC / sanctions implications for accounts with potential exposure to corruption and financial conduct risk. Work independently to maintain all underwriting records and ensure quality of entries into our underwriting system and other systems as appropriate. Education, Qualifications, Knowledge, Skills and Experience High school diploma with good overall educational passes required. Degree is preferred. Sound working knowledge of the commercial insurance market and practices, ideally with the knowledge of the relevant class of business. Experience in understanding and preparing complex underwriting documents, entering appropriate data and reconciling payments. Basic commercial awareness, with a knowledge of the insurance market and external changes which would impact on our business. Basic knowledge of regulatory and legal compliance issues. Excellent numeric, analytical and written skills. Excellent prioritization and organizational skills. Very good communication skills, both written and oral. Very good IT skills, including Microsoft Word, Excel and Outlook. Experience of working within a commercial office environment ideally within insurance. The Amynta Group (the " Company ") is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of any ground of discrimination protected by applicable human rights legislation. The information collected is solely used to determine suitability for employment, verify identity and maintain employment statistics on applicants. Applicants with disabilities may be entitled to reasonable accommodation throughout the recruitment process in accordance with applicable human rights and accessibility legislation. A reasonable accommodation is an adjustment to processes, procedures, methods of conveying information and/or the physical environment, which may include the provision of additional support, in order to remove barriers a candidate may face during recruitment such that each candidate has an equal employment opportunity. The Company will accommodate a candidate to the point of undue hardship. Please inform the Company's personnel representative if you require any accommodation in the application process.