Underwriting Trainee

Roles and Responsibilities

• Three year rotational underwriting training within major lines of business to include Property, Energy and Construction;
• Attend intensive specialist insurance training courses and external conferences;
• Attend regular meetings with designated mentor as part of learning and discussion forum to ensure retention of knowledge and promote cross-selling;
• Commence studying for CII qualifications;
• Develop understanding of London and International insurance markets;
• Develop understanding of current business strategies and broker contacts in Saudi region;
• Commence studying for CII qualifications;
• Ensure that underwriting files are complete and contains all relevant documents. Obtain any outstanding items from the broker or underwriter in readiness for Peer Review;
• Ensure that signings are accurate and are consistent with written confirmations;
• Liaise with brokers to follow up on outstanding renewals as directed;
• Produce standard and ad-hoc reports as required;
• Fully understand the risk and seek further clarity as required;
• Underwrite profitable business in accordance with business plans;
• Adhere to all Starr underwriting standards as outlined in the Underwriting Manual;
• Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately;
• Operate within the Company’s standards for Treating Customers Fairly;
• Manage any potential conflicts of interest to avoid disrepute to the company’s integrity;
• Advise Compliance of any complaints immediately.

Experience

• Saudi National or dual UK/Saudi citizens likely to have studied at a London or UK business school;
• Good cultural understanding of the UK and Middle East region;
• Insurance knowledge desirable.

Skills

• Fluent Arabic and English essential;
• Analytical and problem solving skills;
• Negotiation, judgment and decision making ability;
• Strong numeracy skills;
• Professional business writing and presentation skills; and
• Strong communicator, both written and oral.

Systems & IT

• MS Office – Excel, Access, Word and Outlook

Qualifications

• Graduate calibre