At a Glance
- Tasks: Support underwriting duties and manage relationships with brokers and clients in a dynamic insurance environment.
- Company: Join Chaucer, a leading insurance group at Lloyd’s, known for its innovative approach.
- Benefits: Gain valuable experience, flexible working arrangements, and opportunities for professional growth.
- Other info: Diverse and inclusive workplace with excellent career advancement opportunities.
- Why this job: Make an impact in the insurance industry while developing your skills in a supportive team.
- Qualifications: Studying towards ACII qualification and possess strong organisational and communication skills.
The predicted salary is between 29700 - 36300 £ per year.
The role is within Chaucer’s UK Commercial General Liability insurance team. The primary objective of the role is to assist in the day-to-day running of the account, supporting the team with underwriting duties, compliance management, premium, exposure and performance reporting, and liaising with brokers and clients as directed by a member of the team.
Supporting Underwriters in all aspects of the underwriting and management of the account.
- Maintain various underwriting logs within the team and coordinate with brokers and underwriters for accurate information.
- Modelling of UK Commercial Casualty risks.
- Assist with strategy documents, slides for presentations to brokers, clients, and the board.
- Request renewal underwriting information from brokers and perform pre-renewal analysis.
- Liaise with brokers as directed by the team.
- Attend broker/client meetings as required and provide assistance.
- Coordination and quality control with Risk Admin.
- Agreement of endorsements/amendments/promised lines in accordance with underwriting authority when granted.
- Acceptance of individual declarations to specified binders in accordance with underwriting authority when granted.
- Assisting with special projects.
- Review slips for contract certainty and perform all required checks.
- Preparation of statistics.
- Assisting the Specialist Lines unit head with management data monitoring.
- Maintenance of risk history involving organisation and filing.
- Keeping bordereaux exposure records.
- Support the Outward Reinsurance division on data queries.
Regulatory Responsibilities: Comply with all policies and procedures and ensure that due regard is paid to providing good customer outcomes and the fair treatment of customers. Manage the relationships with Customers, Agents and Service Providers: Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction. Foster positive relationships with customers and attain an understanding of their needs. Ensure that customer complaints are promptly identified, recorded and referred as appropriate. Assist with the completion of all required annual product review assessments to agreed timescales with approvals obtained and recorded. Follow all Chaucer Group Product Governance processes in the UCM and obtain appropriate approvals. Ensure that the principles of providing good customer outcomes and the fair treatment of customers are upheld by Agents and Service Providers.
Skills and Competencies:
- UK Commercial General Liability insurance experience.
- Organised and able to work to tight deadlines and manage multiple priorities.
- Able to communicate with different levels and is adaptable.
- Resilient and able to work in a pressured environment.
- Works as part of a team.
Education: Studying towards ACII qualification.
Assistant Underwriter - UK General Liability employer: Chaucer Group
Chaucer Group is an exceptional employer that prioritises employee development and collaboration, particularly in the dynamic role of Senior Compliance Monitoring & Assurance Lead. With a hybrid work model based in London, we foster a supportive work culture that encourages strategic thinking and innovation, while providing ample opportunities for professional growth and engagement with senior management to drive meaningful improvements across our compliance framework.
