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Underwriting Apprentice, Marine

Arch Capital Group Ltd. • Apprenticeship • London, England, United Kingdom • £40.50k - £81.88k / year • 6d ago

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Arch Insurance International, part of the Arch Capital Group, is a market-leading insurer located in the UK. We provide a range of property, casualty, and specialty insurance for corporations, professional firms, and financial institutions across the UK, Europe and Internationally, with a significant presence in the Lloyd’s and London Underwriting market.
Arch Insurance recognises the need to be a digital insurer and as such has shifted focus from traditional technology initiatives to agile driven digital initiatives, leading the commercial & specialty insurance space. Arch offers an entrepreneurial work environment that empowers the individual and encourages constant learning and growth.
People are at the centre of everything we do at Arch, and we are passionate about investing in the future talent of the insurance industry. From day one, you’ll be empowered to contribute, grow, and make a difference. Our apprenticeship roles are crafted to give you the tools, experiences, and support you need to thrive.

Key Duties

To provide administrative and technical support to the Underwriting team as required.
Administrative and Technical support includes but is not limited to the maintenance of files and the processing, recording of business accounts accurately and in a timely manner on the Company’s IT and administrative systems in accordance with processing standards and procedures.
Assisting the team in day-to-day ad hoc tasks when required (risk research, broker meetings, country overview reports etc. and providing updates to underwriters).
Gain Level 3 Insurance Practitioner apprenticeship (CII Cert)

Data Input

Enter submissions, rating models, quotes and bound policies onto the Arch underwriting systems
Conduct account clearance procedures with other parts of the company for risks or clash, as may be required – including catastrophe analysts, risk capture and data management teams
Review quality control output from Global Services. Liaising with both to ensure accounts are processed on a timely basis

Account Administration

Assist the Underwriters with day-to-day underwriting operations
Assist in preparation of monthly & management reports
Undertake research activities, as directed by underwriters, for additional underwriting information from the Internet or other external sources
Maintenance of appropriate business activity logs to record submission activity or premium activity
Prepare Standard policy Documentation for underwriters’ sign off reports

Account Query resolution

Assist in the resolution of outstanding premium receivable issues, as may be directed
Liaise with brokers on any outstanding information requirements
Resolve weekly processing reports

General Administration

File preparation, photocopying, scanning, document management
Assisting underwriters at Lloyd's Box
Have daily contact with other teams, e.g. binder management team, finance and compliance
Answering telephone calls, responding to emails

Apprenticeship Eligibility

To start an apprenticeship, the learner will need to be:

16 or over
Living in England and not in full time education

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

14101 Arch Europe Insurance Services Ltd