At a Glance
- Tasks: Lead the Transport Logistics underwriting team and develop strategic business plans.
- Company: Chaucer, a leading insurance group at Lloyd's with a global presence.
- Benefits: Competitive salary, professional development, and opportunities for international travel.
- Other info: Dynamic role with excellent career growth and mentorship opportunities.
- Why this job: Make a significant impact in the insurance industry while working with diverse clients worldwide.
- Qualifications: Marine insurance experience and strong negotiation skills required.
The predicted salary is between 80000 - 100000 £ per year.
<div><p>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.</p> <p>Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, to be closer to our clients across the world.
To learn more about us please visit our website <b>www. chaucergroup. com</b></p> <h2>Job summary</h2> <p>Work with Head of
Marine:</p> <p>In taking the lead for developing strategy, producing Business Plan and Underwriting the Transport Logistics (TL) account for Chaucer and to manage, mentor and develop the TL underwriting team.</p> <p>To lead TL team strategy, client and broker distribution plan ensuring Chaucer attain global TL leadership position and 'go to' market of choice.</p> <p>Ownership for all aspects of underwriting and management of the Transport Logistics (TL) class with specific responsibility for driving growth through geographically diverse distribution and product business mix.</p> <p>Set, have ownership of and manage, alongside Head of Marine, Chaucer's strategy for TL business</p> <ul> <li>Develop long-term strategy for Chaucer's TL business across all business platforms and Chaucer hubs</li> <li>Produce and present Business Plans for agreement by Underwriting management</li> <li>Ensure the TL team underwrite in accordance with the Business Plans, Syndicate Guidelines & Compliance requirements</li> <li>Continuous Assessment and development of TL class Pricing Models.</li> <li>Ensure compliance with and maintenance of Syndicate Systems.</li> <li>Ensure compliance with Lloyd's regulations and Byelaws.</li> <li>Peer Review of risks as allocated under the Peer Review selection criteria and responsibility matrix as set out in the Underwriting Manual.</li> <li>Monitor & ensure the accuracy and upkeep of all written premium data on Charisma for all risks written within the area of responsibility.</li> <li>Maintain and develop relationships with Brokers to ensure good business flow of new and renewal business</li> <li>Maintain and develop relationships with Customers to aid business understanding, risk retention and target new business, including travel as may be required</li> <li>Maintain and develop market profile for Chaucer syndicate generally and TL class in particular</li> <li>Monitor results of the portfolio on an ongoing basis, including liaison with Claims Department.
Report accordingly, as and when required</li> <li>Monitor TL Industry trends, including any loss trends</li> <li>Liaise with overseas offices to co-ordinate strategy and maintain good inter-office communication</li> <li>Monitor premium / pricing levels, aggregations and aggregation issues</li> <li>Ensure any Facultative Reinsurance is purchased in accordance with Chaucer guidelines and in conjunction with the Head of Marine</li> <li>Work with Head of Marine and Reinsurance Purchasing team on outwards Reinsurance programme, including meetings with Reinsurers and preparation of renewal submission(s)</li> </ul> <h2>Regulatory responsibilities</h2> <p>Manage the relationships with Customers, Agents and
Service
Providers:</p> <ul> <li>Advise, assist and service customers on insurance and risk matters to promote customers' satisfaction</li> <li>Foster positive relationships with customers and attain an understanding of their needs</li> <li>Ensure that customer complaints are promptly identified, recorded and referred as appropriate</li> <li>Ensure that the principles of Treating Customers Fairly (TCF) are upheld by Agents and Service Providers</li> <li>Significant relevant marine experience reasonable levels of underwriting experience</li> <li>Experience of lead negotiating with brokers and liaising with clients</li> <li>Understanding of actuarial rating process</li> <li>Understanding of business planning process</li> </ul> <h2>Technical skills</h2> <ul> <li>Microsoft
Office: Word and Excel (Intermediate)</li> </ul> <h2>Education & Experience</h2> <p>5 GCSE's English and Maths grade "C" or above (or equivalent)</p> <ul> <li>Lloyds Introductory Test</li> <li>ACII</li> </ul> <h2>Skills and Competencies</h2> <p><b>Strategic & Innovative Thinking</b> Translates organisational vision through effective goal setting and strategic planning.
Able to think creatively and innovatively</p> <p><b>Commercial Awareness</b> Understanding of the way the business works and displays knowledge of the external market place, in order to drive the business forward.
Translates</p> <p><b>Execution</b> Striving to build key relationships and showing ownership of targets; focusing on results</p> <p><b>Resilience & Adaptability</b> Demonstrates high personal resilience and ability to adapt to change.</p></div> #J-18808-Ljbffr
Senior Class Underwriter - Transport Logistics Lead 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 Senior Class Underwriter - Transport Logistics Lead
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Chaucer Group). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Chaucer Group. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Class Underwriter - Transport Logistics Lead
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Chaucer Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Chaucer Group. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Chaucer Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Chaucer Group to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Chaucer Group, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Chaucer Group's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
