Job Description

KOTRA London provides recruitment services to companies based in the UK and South Korea. As part of its services, we place job advertisements on behalf of our clients, review applications, and provide application details to our clients.

Our client

Samsung Fire & Marine Insurance Europe

is recruiting an

Assistant Underwriter

to join their business in the UK.

1. Main Work

Develop business relationships and networking with the Company's business partners (brokers, agents and intermediaries). Building and maintaining ongoing relationships with clients including scheduling and attending meetings and understanding the nature of their business. Understand specific accounts in order to assist Underwriters and other stakeholders. Work closely with Underwriters to support the portfolios by providing technical underwriting knowledge and account's history. Assist Underwriters with business development and market intelligence research. Statistical analysis and interpretation of data, completing regular and ad-hoc reporting. Adhere to underwriting standards, authority and good practice to minimise risk and maximise efficiency whilst ensuring compliance with internal and external regulations and guidelines. Liaise with internal departments ensuring requests for information and guidance are handled effectively. Gathering information from counterparties to assess their insurance needs and risk profile. Foreseeing clients' insurance needs such as policy renewals. Renewing or amending existing policies. Supporting premium collection and processing cash clearing Advising clients on risk management and helping to devise new ways to mitigate risks, for example, by adding security measures to commercial properties. Transcribe data to worksheets and enter data into in-house systems for use in preparing documents and adjusting accounts. Calculate premiums, refunds, commissions, adjustments and new reserve requirements. Marketing and acquiring new clients against competitors. Organise and host presentations and external visits. General and administrative tasks such as dealing with correspondence and keeping detailed records. Any other tasks that the company may reasonably assign from time to time, according to business needs.

2. Qualifications

Bachelor's Degree or equivalent in insurance, business or related field preferred

3. Skills & Experience

Good knowledge of the insurance market (Property, Cargo insurance knowledge/experience preferred) Strong communication and interpersonal skills Strong analytical and numerical skills Excellent organisational skills with ability to work to deadlines Sales and negotiation skills Business networking skills and presentation skills Competent IT skills including MS Office (highly proficient in Excel desirable)

4. Key Competencies

Accuracy and attention to details Strong customer service focus Drive and motivation for meeting targets Proactive and able to work within a team environment Good business sense Reliability and excellent time management Confidence working with senior members of the insurance market Confidentiality

5. Other working conditions

Must have a Visa that allows them to work legally in the UK for at least 2 years*
Salary: ?40,000 ~ ?50,000 + benefits / depending on experience Full-time / contract worker 12 months, renewal possible after contract expiration

6. How to proceed

1st: Document review (Written review of submitted documents such as resume, self-introduction letter, and certificate) 2nd: Interview involves the team manager (comprehensive evaluation of skills required for job performance through interview and foreign language evaluation) 3rd: Interview with CEO
? Interview candidates will be notified individually only to those who pass the document screening

Job Type: Full-time

Pay: 40,000.00-50,000.00 per year

Schedule:

Monday to Friday
Language:

Korean (required) English (required)
Work authorisation:

United Kingdom (required)
Work Location: In person

Application deadline: 22/06/2025