At a Glance
- Tasks: Join our team to manage and grow the Marine PI portfolio while building client relationships.
- Company: Chaucer, a leading insurance group at Lloyd’s with a global presence.
- Benefits: Diverse workplace, flexible working arrangements, and opportunities for professional growth.
- Other info: Join a culture that values diversity and promotes respect for all.
- Why this job: Make an impact in the insurance industry while developing your skills in a dynamic environment.
- Qualifications: Relevant underwriting experience and strong negotiation skills required.
The predicted salary is between 58540 - 71548 £ per year.
To participate in all aspects of underwriting and effective management of the Marine PI portfolio supporting PI Lead as required.
Support Marine PI Lead in driving growth via established distribution channels whilst developing new distribution opportunities including through engagement with Chaucer international hubs.
Agreement and negotiation of renewals and new business in accordance with underwriting authority and aligned to Marine PI growth appetite/ambitions.
Agreement of endorsements / amendments / promised lines in accordance with underwriting authority.
Acceptance of individual declarations to specified line-slips.
Agreement of special acceptances and referrals to binding authorities, line-slips and treaties.
Pro-active Marketing to meet class and divisional budgets.
Build on existing and develop new long term client relationships including where appropriate foreign travel.
Build strong market peer group reputation.
Participating on and where appropriate chairing special projects as and when required in order to meet Chaucer’s long-term objectives.
Ensure underwriting records are properly recorded and updated, including client files.
Specific account analysis.
Peer Review of risks as allocated under the peer review selection criteria and responsibility matrix as set out in the Underwriting Manual.
Responsibility for the accuracy and upkeep of all written premium data on Charisma for all risks written within the area of responsibility.
Liaison with Operations Department.
Liaison with Claims Department.
Client liaison for allocated risks.
Referral point for Assistant Underwriter and Deputy.
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:
Skills and Competencies
- Relevant underwriting experience specific to Marine PI class, excellent negotiating ability with brokers and liaising with clients
- Strategic & Innovative Thinking: Translates organisational vision through effective goal setting and strategic planning. Able to think creatively and innovatively
- Commercial Awareness: Understanding of the way the business works and displays knowledge of the external market place, in order to drive the business forward.
- Execution: Striving to build key relationships and showing ownership of targets; focusing on results
- Resilience & Adaptability: Demonstrates high personal resilience and ability to adapt to change.
Education
ACII Qualified
Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups. Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world.
Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment. We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Class Underwriter - Marine PI employer: Chaucer Group
Chaucer is an exceptional employer, offering a dynamic work environment in the heart of London, where innovation and strategic thinking are at the forefront of our operations. We prioritise employee growth through mentorship and development opportunities within our Transport Logistics team, fostering a culture of collaboration and excellence. With a commitment to maintaining strong relationships with clients and brokers globally, we provide our employees with unique exposure to diverse markets and the chance to lead in a specialist insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Class Underwriter - Marine PI
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Chaucer Group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Class Underwriter - Marine PI
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Chaucer Group.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Chaucer Group's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Chaucer Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Chaucer Group.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Chaucer Group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Chaucer Group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
