Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: As a Senior Underwriter, you'll manage broker relations and underwrite marine cargo risks.
- Company: Join Chaucer, a leading insurance group at Lloyd’s, protecting industries globally.
- Benefits: Enjoy flexible working arrangements and a supportive, inclusive culture.
- Why this job: This role offers growth opportunities and the chance to make a real impact.
- Qualifications: You need proven underwriting experience and at least 5 GCSEs including Maths and English.
- Other info: We welcome applicants from all regions in the UK.
The predicted salary is between 36000 - 60000 £ per year.
Working within the Lonham Group Ltd as a Senior Underwriter for Marine Cargo and Freight Liability business. This role offers flexibility in location within the UK, as we manage a countrywide book of business. We welcome applications from candidates based in any region.
Main duties
- Develop existing broker relations to maintain and expand current book of business
- Generate new business opportunities in line with Lonham growth strategy
- Gain knowledge of and articulate Lonham client proposition
- Underwrite, review new and renewal risks, considering risk type, cargo nature, limits, voyages, stock locations, turnover, rating guidelines, and claims experience
- Produce and distribute policy documentation
- Input and maintain accurate records within the Underwriting and Accounts systems; capture relevant data for monitoring and analysis
- Monitor risks due for renewal
- Prepare reports and statistical information as required by Underwriters
- Liaise with brokers and policyholders to obtain information, provide quotes, and produce insurance documentation; chase for outstanding premiums, adjustments, and declarations
- Raise invoices/credits as needed according to policy wording
- Collaborate with other departments within Lonham and Chaucer
- Build and maintain good relationships with brokers and clients
- Attend training sessions and meetings as required
Regulatory responsibilities
- Sanction check all new and existing customers
- Adhere to FCA rules regarding insurance premiums
- Issue policy documentation within industry deadlines
- Promptly identify, record, and refer customer complaints
- Uphold principles of Treating Customers Fairly with agents and service providers
- Write policies within Chaucer/Lloyds guidelines
Our requirements
Relevant experience
- Essential: Proven underwriting experience with good knowledge of Cargo and Freight Liability insurance; ability to develop strong client relationships
Technical skills
- Microsoft Office (Word, Excel or equivalents)
Education & Experience
- Essential: Minimum of 5 GCSE passes (Grade C or 5), including Maths and English
- Desirable: A.C.I.I. qualification or part-qualified
- Experience with AI technologies such as co-pilot or similar
Personal skills
- Ability to work independently and as part of a team
- Effective interpersonal and communication skills
- Professional, well-presented, and self-motivated
- Organized, accurate, enthusiastic
ABOUT US
Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries worldwide from various risks. Our clients include major airlines, energy companies, shipping groups, global manufacturers, and property groups. Our headquarters are in London, with international offices in Bermuda, Copenhagen, Dubai, and Singapore to serve our global clients. Chaucer values diversity, actively promotes inclusion, and is committed to fair employment practices in accordance with UK legislation. We encourage flexible working arrangements and invite you to discuss your needs during the interview process.
Senior Underwriter - Marine/Cargo & Freight (UK based) employer: Chaucer
Contact Detail:
Chaucer Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Marine/Cargo & Freight (UK based)
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in Marine Cargo and Freight Liability insurance. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those involved in marine underwriting. Attend relevant events or join online forums to build connections that could lead to referrals or insider information about the role.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully developed broker relationships in the past. Highlighting your interpersonal skills and ability to generate new business will set you apart from other candidates.
✨Tip Number 4
Research Lonham Group Ltd and their client proposition thoroughly. Understanding their unique selling points and how they differentiate themselves in the market will allow you to articulate why you're a great fit for their team.
We think you need these skills to ace Senior Underwriter - Marine/Cargo & Freight (UK based)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant underwriting experience, particularly in Marine Cargo and Freight Liability insurance. Use specific examples to demonstrate your ability to develop client relationships and manage risks.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role at Lonham Group Ltd. Mention how your skills align with their requirements, such as your technical knowledge and experience with AI technologies. Be sure to convey your understanding of their client proposition.
Showcase Your Interpersonal Skills: Since the role involves liaising with brokers and clients, emphasise your effective communication and interpersonal skills in both your CV and cover letter. Provide examples of how you've successfully built and maintained professional relationships in the past.
Highlight Regulatory Knowledge: Demonstrate your understanding of regulatory responsibilities, such as adhering to FCA rules and treating customers fairly. Mention any relevant training or experience that showcases your commitment to compliance and customer service.
How to prepare for a job interview at Chaucer
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge, especially regarding Marine Cargo and Freight Liability. Be prepared to discuss specific risks, cargo types, and how you would assess them in real scenarios.
✨Demonstrate Relationship-Building Skills
Since the role involves developing broker relations, think of examples from your past where you've successfully built and maintained professional relationships. Be ready to share how you approach networking and client engagement.
✨Showcase Your Technical Skills
Familiarise yourself with Microsoft Office tools, particularly Excel, as you'll need to manage data and produce reports. Consider preparing a brief example of how you've used these tools effectively in previous roles.
✨Understand Regulatory Responsibilities
Be prepared to discuss your understanding of FCA rules and how they apply to underwriting. Highlight any experience you have with compliance and how you ensure that your work aligns with industry regulations.
