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Underwriting Assistant - Marine

 

 

 

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Underwriting Assistant - Marine

London – Hybrid

 

Who We Are

SiriusPoint is a global underwriter of insurance and reinsurance. We utilize deep risk capabilities to protect our customers and provide intelligent risk solutions to clients and brokers around the world. Bermuda-headquartered and listed on the New York Stock Exchange (SPNT), we work as ‘One SiriusPoint’, to apply expertise and underwrite risks across our four operational areas - International Insurance, North American Insurance, Global Accident and Health, and Global Reinsurance.

We have underwriting hubs in Bermuda, Liege, London, New York, Stockholm and Toronto, and licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. 

Join Our Team  

You will be an Underwriting Assistant - Marine. You will report to the Head of Marine in London.

The role will support the underwriting team in the Marine market, with a focus on Cargo, Hull & Machinery. This role involves assisting in the evaluation, selection, and pricing of risks, as well as maintaining and developing broker relationships.

Key Responsibilities:

  • Assist underwriters in the preparation and processing of underwriting documentation, including policy wordings, endorsements, and certificates.
  • Maintain accurate and up-to-date records of underwriting activities and ensure compliance with Lloyd's regulations and internal policies.
  • Conduct preliminary analysis of risks and provide support in the assessment and evaluation of marine insurance proposals.
  • Liaise with brokers, clients, and other stakeholders to gather necessary information and ensure timely communication.
  • Support the underwriting team in the preparation of reports, presentations, and other documentation for internal and external meetings.
  • Assist in the coordination and administration of underwriting projects and initiatives.
  • Provide general administrative support to the underwriting team, including scheduling meetings, managing correspondence, and maintaining filing systems.

United behind common goals

At SiriusPoint we work as one team across our global business, and we unite that team behind common goals, understanding the positive impact we can all make at SiriusPoint. We aim to retain and attract great people, knowing they can achieve a rewarding and enriching career.

Our Purpose is to provide security and resilience in an uncertain world.

Our Vision is to be recognized as a best-in-class insurer and reinsurer utilizing deep risk capabilities to protect our customers. Blending our talent, expertise and data to provide intelligent risk solutions.

Our culture is one of performance and accountability. Our people are our experts and you will be empowered to apply your expertise in a supportive, collaborative and purposeful environment.

Our Values are at the heart of our business, and which guide every day actions and decision making.

  • Integrity: Integrity, respect and trust are our core principles
  • Customer Focused: Our customers are the reason we exist
  • Solution Driven: Creating solutions is our mindset
  • Diversity: Diversity, inclusion and allyship make us stronger
  • Collaboration: Collaboration drives outperformance
     

Your skills and abilities should include:

  • Previous experience in an underwriting support role or administrative position within the Marine Insurance industry is preferred.
  • Basic understanding of marine insurance and underwriting principles.
  • Knowledge of Lloyd's market and regulatory requirements is an advantage.
  • Strong organizational and time management skills with the ability to prioritize tasks and meet deadlines.
  • Excellent communication and interpersonal skills, with the ability to build and maintain relationships with internal and external stakeholders.
  • Attention to detail and accuracy in documentation and data management.
  • Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint) and other relevant software applications.
  • Ability to work independently and as part of a team in a fast-paced environment.

 

Why Should You Join SiriusPoint?
Our people are our experts, and from day one you will be empowered to apply your expertise in a supportive, collaborative, and purposeful environment. Our Values - Integrity, Customer Focused, Solution Driven, Diversity, and Collaboration - are at the heart of our business, and they guide our everyday actions and decision making. We also unite our global team behind common goals, ensuring you can make a meaningful impact.

We aim to retain and attract great people, knowing they can achieve a rewarding and enriching career. We offer a competitive and above market compensation package.

 

We Achieve More Together
At SiriusPoint, we know that diversity, inclusion and allyship make us stronger. We value and are committed to supporting the unique voices, backgrounds, cultures, lifestyles, and contributions of the diverse global employee base that make up our business.

We know that a diverse and equitable culture, where all voices are included and heard, is critical to our success as an employer. We are committed to developing our DE&I strategy to ensure that SiriusPoint remains a supportive and empowering place of work.

Average salary estimate

$60000 / YEARLY (est.)
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$50000K
$70000K

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What You Should Know About Underwriting Assistant - Marine, SiriusPoint Ltd.

Are you ready to dive into the exciting world of marine insurance? At SiriusPoint, we're looking for an enthusiastic Underwriting Assistant - Marine to join our dynamic team in London! As an Underwriting Assistant, you'll support our underwriting experts in evaluating, selecting, and pricing marine risks, including Cargo and Hull & Machinery. Your role will involve preparing essential underwriting documentation and maintaining accurate and organized records, all while ensuring compliance with Lloyd's regulations. You'll also have the opportunity to build strong relationships with brokers and clients, aiding in the communication and collection of crucial information. This is a collaborative position where you'll assist the underwriting team with reports, presentations, and various initiatives, all while enhancing your understanding of marine insurance principles. Working alongside industry leaders in a hybrid environment, you'll have a chance to grow professionally while contributing to our mission of providing intelligent risk solutions globally. Join us at SiriusPoint and become part of a supportive, diverse, and performance-driven culture where your skills and ideas are valued. Together, we deliver resilience in an uncertain world, making this an amazing opportunity to further your career while surrounded by passionate professionals!

Frequently Asked Questions (FAQs) for Underwriting Assistant - Marine Role at SiriusPoint Ltd.
What does an Underwriting Assistant - Marine at SiriusPoint do?

The Underwriting Assistant - Marine at SiriusPoint plays a crucial role in supporting the underwriting team by evaluating and processing marine insurance proposals. You will assist in preparing documentation, maintaining accurate records, and liaising with brokers to gather necessary information. This position is ideal for those looking to gain insights into the marine insurance field while working in a collaborative environment.

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What qualifications are needed for the Underwriting Assistant - Marine position at SiriusPoint?

Candidates for the Underwriting Assistant - Marine role at SiriusPoint should ideally have previous experience in an underwriting support role or a related administrative position. A basic understanding of marine insurance principles and Lloyd's market regulations is preferred, along with strong organizational skills and excellent communication abilities.

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Is there a career growth opportunity for the Underwriting Assistant - Marine at SiriusPoint?

Absolutely! At SiriusPoint, we believe in nurturing our employees' potential. As an Underwriting Assistant - Marine, you will receive mentorship from seasoned professionals, and there are pathways to advance within the organization as you gain more experience and expertise in the marine insurance realm.

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What is the work environment like for an Underwriting Assistant - Marine at SiriusPoint?

The work environment at SiriusPoint is supportive and collaborative, emphasizing teamwork and shared goals. This hybrid role allows for flexibility, giving you a chance to balance onsite and remote work while engaging with a diverse team of experts dedicated to delivering top-notch insurance solutions.

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How does SiriusPoint promote diversity and inclusion for the Underwriting Assistant - Marine role?

SiriusPoint is committed to diversity and inclusion, ensuring that all voices are heard and valued. We believe that a diverse workforce enhances creativity and innovation, allowing us to better serve our clients. In the Underwriting Assistant - Marine role, you will be part of a team that embraces different backgrounds and perspectives.

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What skills are essential for an Underwriting Assistant - Marine at SiriusPoint?

Essential skills for the Underwriting Assistant - Marine position include strong organizational capabilities, attention to detail, proficiency in Microsoft Office Suite, and excellent interpersonal communication. The ability to prioritize tasks in a fast-paced environment and a collaborative mindset will also be critical to your success.

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What makes the Underwriting Assistant - Marine position at SiriusPoint unique?

The Underwriting Assistant - Marine position at SiriusPoint offers a unique blend of challenge and growth, allowing you to specialize in marine insurance while being part of a globally recognized company. You will work closely with experienced underwriters, gaining invaluable insights and contributing to innovative risk management solutions.

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Common Interview Questions for Underwriting Assistant - Marine
Can you explain your understanding of marine insurance and its key components?

When answering this question, focus on defining marine insurance and its primary components, such as Cargo, Hull & Machinery, and the specific risks these cover. Discuss the importance of underwriting in assessing and managing these risks and how it applies to the role of an Underwriting Assistant.

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What role does an Underwriting Assistant play in the marine insurance process?

To respond effectively, describe the tasks an Underwriting Assistant performs, such as preparing documentation, assisting in risk evaluation, and maintaining records. Emphasize the assistant's role in facilitating communication with brokers and clients to ensure smooth underwriting operations.

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How do you prioritize tasks when dealing with multiple underwriting requests?

Discuss the importance of time management and prioritization skills. You can mention methods such as categorizing tasks by urgency and importance, using a task management system, and effective communication with the underwriting team to ensure deadlines are met.

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What software tools do you have experience with that are relevant to underwriting support?

Highlight your proficiency in Microsoft Office Suite, particularly Excel for data management, and any underwriting-specific software you've used. Mention how these tools help streamline administrative tasks and enhance reporting accuracy.

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Describe your approach to maintaining accurate underwriting records.

Emphasize your attention to detail, methodical record-keeping practices, and the importance of compliance with Lloyd's regulations in maintaining underwriting accuracy and transparency.

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How would you handle a challenging broker relationship?

Explain your approach to conflict resolution, emphasizing communication, understanding broker needs, and building rapport. Share an example if possible, reinforcing your capability to maintain positive professional relationships.

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What motivates you to work in the marine insurance industry?

Articulate your interest in marine insurance, perhaps mentioning your passion for the maritime industry or the excitement of evaluating complex risks. Connect your motivation back to how it aligns with SiriusPoint's goals and values.

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How do you stay updated with marine insurance regulations and industry trends?

Discuss your commitment to continuous learning and professional development. Mention specific resources you use, such as industry publications, seminars, and professional memberships that help you stay informed.

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What qualities do you think are essential for someone in an underwriting assistant role?

Debate qualities like organization, attention to detail, adaptability, and strong communication skills. Relate these qualities back to how they contribute to efficient underwriting operations and successful team collaborations.

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Can you describe a time when you had to support a team project under tight deadlines?

Share a specific example showcasing your teamwork, the actions you took to meet deadlines, and the successful outcome. Focus on your ability to work effectively under pressure while contributing to team goals.

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SiriusPoint is a global insurance and reinsurance company, created from the merger of Third Point Reinsurance and Sirius Group. SiriusPoint is headquartered in Pembroke, Bermuda.

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Full-time, hybrid
DATE POSTED
November 29, 2024

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