Underwriting Administrator - Leeds or Sheffield | Hybrid

Role: Underwriting Administrator - Leeds or Sheffield | Hybrid

Location: Leeds (Hybrid)

Start Date: ASAP

End Date:  3-6 Months (initially)

Daily Rate: Competitive (Inside IR35)

Role Overview:

An Underwriting Administrator plays a crucial support role within the underwriting department of insurance companies or financial institutions. Their primary responsibility is to assist underwriters by managing administrative tasks that facilitate the underwriting / lending process.

Key Responsibilities

• Documentation Management: Organizing, reviewing, and maintaining underwriting files and records to ensure accuracy and compliance.
  
• Take responsibility for assessing the current financial circumstances of our customers who are applying for a lending facility and to provide well-reasoned and responsible credit lending decisions.
  
• Work with related business areas to provide guidance and feedback in respect of improving the customer service journey
  
• Ensure all procedures and internal controls are adhered to, minimising fraud, losses and bad debt. Continuously critically review policies and procedures providing evidence-based recommendations for change.
  
• Reviewing data, checking policy & procedure, and following a decision tree approach to either accept or decline the low risk / non-complex mortgage applications
  
• Data Entry and Processing: Inputting client and policy information into underwriting systems and databases.
  
• Communication Coordination: Acting as a liaison between underwriters, brokers, clients, and other departments to gather necessary information and provide updates.
  
• Policy Preparation: Assisting in the preparation and issuance of insurance policies and related documents.
  
• Compliance Support: Ensuring that all underwriting activities adhere to company policies and regulatory requirements.
  
• Scheduling and Workflow Management: Coordinating meetings, deadlines, and workflow to support underwriting efficiency.
  

Skills and Qualifications

• Strong organizational and administrative skills.
  
• Administrative experience working within a Financial Services organisation
  
• Attention to detail and accuracy.
  
• Good communication and interpersonal skills.
  
• Familiarity with insurance terminology, lending underwriting processes would be an advantage but not essential
  
• Proficiency in relevant software and databases.
  

To be successful in this role you should meet the following requirements:

• You will contribute to the team performance expectations, through excellent customer service, the provision of lending standards, fraud identification, and good customer outcomes.
  

• Drive achievement against expectations for revenue generation, customer satisfaction and cost containment
  

Value to the Organization

By efficiently handling administrative duties, the Underwriting Administrator enables underwriters to focus on risk assessment and decision-making, thereby improving overall productivity and service quality.