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Underwriting Support (Energy)

elseco
Dubai, UAE
Full Time
Entry
1 weeks ago
Underwriting SupportPolicy DocumentationCompliance ChecksPremium ReconciliationData EntryMicrosoft Office
Free

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Underwriting SupportPolicy DocumentationCompliance Checks
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Introduction

  • elseco is a technology enabled specialty (re)insurance group operating across space, aviation, energy, and accident & health lines.
  • The group combines disciplined underwriting, proprietary technology, and a strong brand identity to serve clients and capacity providers across global specialty markets.
  • The group operates across Dubai, the United Kingdom, and international markets, with a multicultural team of approximately 120 people.

Job Purpose

  • Reporting to the Head of Underwriting support, the Energy Underwriting Support will handle a wide range of underwriting administrative and procedural tasks, coordinate within the company, work alongside Client Advocates and Dubai based Underwriters, and ensure all deadlines are met.

Specific Duties and Responsibilities

  • Process accounting aspects associated with underwriting, such as premium reconciliation and tracking, premium aging, and updating systems.
  • Assist underwriters in processing all contract documentation accurately and on time.
  • Verify pool members’ subjectivities and conduct database checks to support underwriters.
  • Ensure the accuracy, completeness, and currency of data in elseco’s underwriting systems, both existing and new.
  • Coordinate and oversee the training of Underwriting Support team members.
  • Upon receiving policy documentation, book the policy in the Policy Operating System.
  • Perform compliance checks relevant to each specific policy.
  • Ensure all policies are booked with utmost attention to detail in the Policy Operating System or any designated system.
  • Confirm that slips are signed as instructed by the underwriter, sent to the producer/broker, and appropriately filed, including slips, wordings, closings, email communications, and technical notes.
  • Scan and send documents to brokers, producers, or cedents.
  • Support Client Advocates and underwriters in managing and reporting country and regional aggregates, including data entry into elseco’s aggregation control systems and coordinating external partners while quality controlling their services.
  • Upon receiving signed line confirmations from brokers, liaise with their accounting teams regarding the final premium calculations.

Knowledge and Skill Requirements

  • Minimum of 3 years’ relevant experience in insurance accounts, underwriting and claims support administration.
  • Qualification: Degree or diploma in a financial, mathematics or accounting related subject or professional qualification in insurance, eg. CII.
  • Computer literacy: Microsoft office.
  • Highly numerate.
  • Access, SQL and VBA knowledge is a plus.
  • General attitude: problem solver, self driven and motivated to get a job done well. The role requires to be confident and to have the ability to operate in a dynamic and multicultural environment.
  • Communication: perfect English is a must. Articulate. Ability to communicate to all levels well.
  • Attention to detail, good judgement, and a hands on approach are required.
  • Manage and provide guidance to Energy Underwriting Support Team colleagues, ensuring the team operate as a cohesive team and meeting internal deadlines set by senior colleagues.
  • Team player and willingness to get on and succeed.

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