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- Tasks: Join our Marine Specialty team as a Senior Underwriter, focusing on cargo and freight liability.
- Company: Chaucer is a leading insurance group at Lloyd's, protecting industries globally.
- Benefits: Enjoy flexible hybrid work, extensive benefits, and a diverse, inclusive culture.
- Why this job: Be part of a growing company with a strong reputation and impactful client relationships.
- Qualifications: Experience in cargo and freight liability, strong client relationship skills, and ACII education required.
- Other info: This role offers the flexibility to work from various locations across the UK.
The predicted salary is between 42000 - 84000 £ per year.
ABOUT US
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 Copenhagen, Miami, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com
Job Profile Summary
Working within the Marine Specialty department as a Senior Underwriter for Marine Cargo and Freight Liability business. This position will focus on a UK-based book of business, and we are open to the location of where the role will be based.
Job Description
- 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.
- Underwriting, reviewing new and renewal risks, taking into account type of risk, nature of cargo, limits, voyages, stock locations, turnover, rating guidelines and claims experience.
- Production and distribution of policy documentation.
- Input and maintain accurate records within the Underwriting and Accounts systems and capture relevant data to allow for the successful monitoring and analysis of risks written.
- Monitor risks written that are due for renewal.
- Prepare reports and statistical information as required by the Underwriters.
- Liaise with brokers and policy holders to obtain information to provide a quote and produce insurance documentation.
- Chase for outstanding premium/adjustments/declarations.
- Raise invoices/credits as required in relation to the policy wording.
- Liaise with other departments in Lonham and Chaucer as required.
- Liaise with brokers and clients to develop good working relationships.
- Attend training sessions and other meetings, as and when required.
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; and, Complete 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
- Relevant Cargo and Freight Liability experience.
- An aptitude for developing and maintaining good client relationships.
- Experience of negotiating with brokers and liaising with clients.
- Understanding of business planning process.
Education
ACII
Why Join Chaucer?
An established market leading Insurer, where over the past 5 years, the Chaucer Group has seen significant and successful growth. In 2019, we wrote $1.4bn of Gross Written Premium, closed 2023 with $2.7bn, and are on track to write well over $3bn in 2024. This is an exciting time for Chaucer; we have the people, the platforms, the expertise and the relationships to continue our recent success. We will remain focussed on the areas where we can provide the most expertise and value to our brokers and clients.
We offer:
- A flexible hybrid work model that supports individual and team needs.
- A diverse, inclusive culture that values people for who they are.
- Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.
Senior Underwriter - Marine/Cargo & Freight (UK based) employer: Chaucer Syndicates Ltd
Contact Detail:
Chaucer Syndicates Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Marine/Cargo & Freight (UK based)
✨Tip Number 1
Network within the insurance industry, especially focusing on marine and cargo sectors. Attend relevant events or webinars to connect with professionals who might provide insights or referrals for the Senior Underwriter position.
✨Tip Number 2
Familiarise yourself with Chaucer Group's recent projects and successes in the marine specialty area. This knowledge will help you articulate how your experience aligns with their growth strategy during any discussions.
✨Tip Number 3
Prepare to discuss specific examples of how you've developed broker relationships in the past. Highlighting your negotiation skills and client management experiences will demonstrate your fit for the role.
✨Tip Number 4
Stay updated on current trends and challenges in the marine cargo and freight liability market. Being knowledgeable about industry changes will show your commitment and readiness to tackle the responsibilities of the role.
We think you need these skills to ace Senior Underwriter - Marine/Cargo & Freight (UK based)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Senior Underwriter in Marine Cargo and Freight. Tailor your application to highlight relevant experience and skills that align with the job description.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in Cargo and Freight Liability. Provide specific examples of how you've developed broker relationships or generated new business opportunities in previous roles.
Showcase Your Skills: Make sure to showcase your negotiation skills and ability to liaise with clients and brokers effectively. Mention any relevant qualifications, such as ACII, and how they contribute to your capability in this role.
Craft a Compelling Cover Letter: Write a tailored cover letter that not only reflects your enthusiasm for the position but also demonstrates your understanding of Chaucer Group's values and how you can contribute to their success in the Marine Specialty department.
How to prepare for a job interview at Chaucer Syndicates Ltd
✨Know Your Cargo and Freight Liability
Make sure you have a solid understanding of cargo and freight liability insurance. Be prepared to discuss specific risks associated with different types of cargo and how they impact underwriting decisions.
✨Build Rapport with Brokers
Since the role involves liaising with brokers, practice building rapport. Think of examples from your past experiences where you successfully developed relationships and how that benefited your previous employers.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical skills by discussing how you monitor and assess risks. Bring examples of reports or statistical analyses you've conducted in previous roles to illustrate your capabilities.
✨Understand Chaucer's Values
Familiarise yourself with Chaucer Group's mission and values. Be ready to explain how your personal values align with theirs, especially regarding customer satisfaction and fair treatment.
