Apprentice Underwriting Assistant

Company: Victor

Victor - Underwriting Assistant Apprentice

Victor and its businesses operate as Managing General Agency (MGA), offering a wide range of property, liability, motor and specialty insurance products in the UK.

Victor Insurance is part of Marsh and McLennan Companies (MMC) – a global network of experts in risk, strategy and people. For over 140 years, Marsh & McLennan Companies (MMC) has supported enterprise, helping clients realise, survive and grow in changing times.

We have a fantastic opportunity for a motivated and enthusiastic individual to join our team as an Underwriter Assistant Apprentice. This apprenticeship offers a unique opportunity to gain hands-on experience in the insurance industry while working alongside experienced underwriters. You will learn the fundamentals of underwriting, risk assessment, and policy management, contributing to the overall success of our underwriting team.

What can you expect?

• We offer a platform to build on existing skill sets and knowledge and also an opportunity to learn new skills in a continuous improvement environment.
• To build and maintain excellent relationships with our colleagues across the business.
• A team that strives to deliver best practice, market leading service and solutions with a focus on client service excellence.
• To build and maintain an excellent rapport with our clients, providers and colleagues across Marsh.
• Excellent training and development with ongoing career opportunities.

We will count on you to:

• Assist underwriters in evaluating insurance applications and assessing risks by gathering and analysing relevant information.
• Support the preparation of underwriting documentation, including policy proposals, endorsements, and renewal notices.
• Perform data entry tasks accurately and efficiently, ensuring that all information is up-to-date in the underwriting system.
• Maintain accurate records of policies, endorsements, and claims, ensuring compliance with company standards and regulatory requirements.
• Communicate with clients, brokers, and other stakeholders to gather necessary information and clarify details related to applications.
• Conduct research and analysis to support underwriting decisions, including market trends and competitor analysis.
• Assist in the review of policy terms and conditions, ensuring they align with company guidelines and risk appetite.
• Collaborate with team members to ensure efficient workflow and timely processing of applications, including prioritizing tasks based on urgency.
• Participate in training sessions and workshops to enhance your knowledge of underwriting principles, practices, and industry regulations.
• Stay updated on industry trends, regulations, and best practices to contribute to continuous improvement within the underwriting team.

What you need to have:

• Previous experience within a client/customer facing role, this can be gained from within a similar role or working in environments such as (but not limited to) retail, hospitality, food & beverage etc.
• 5 GCSE’s at Grades 9 – 4 (including English & Maths).
• Right to Work in the UK or Republic of Ireland (no visa sponsorship provided).

What makes you stand out:

• Team player with a willingness to share ideas, knowledge and experiences.
• Demonstrate enthusiasm and pride in maintaining a high standard of work.
• Keen interest to work in a diverse and collaborative environment.
• Good attention to detail.
• Ability to multitask and prioritise responsibilities.
• Ability to work independently.

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.