Underwriter - Marine Cargo & Freight Liability (Ipswich or Manchester)

Underwriter - Marine Cargo & Freight Liability (Ipswich or Manchester)

Ipswich Full-Time 40000 - 50000 £ / year (est.) No working from home possible
Chaucer Underwriting Services Limited

At a Glance

  • Tasks: Underwrite marine cargo and freight liability risks while collaborating with brokers and clients.
  • Company: Join a leading insurance firm committed to diversity and customer satisfaction.
  • Benefits: Competitive salary, professional development, and a supportive team environment.
  • Other info: Dynamic role with opportunities for growth and learning in a fast-paced environment.
  • Why this job: Make an impact in the marine insurance sector and build valuable relationships.
  • Qualifications: Experience in marine underwriting and strong communication skills required.

The predicted salary is between 40000 - 50000 £ per year.

Working within the Marine Specialty Ipswich/Manchester as Underwriter for Marine Cargo & Freight Liability business.

Key Responsibilities

  • Underwriting and reviewing new and renewal risks, taking into account type of risk, nature of subject matter, 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.
  • Work collaboratively to support Senior Development Underwriter.

Regulatory responsibilities: comply with all policies and procedures and ensure 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 customer 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.

Qualifications

  • Experience working with a marine underwriting background, with an in-depth knowledge of marine cargo clauses.
  • Organised and able to work to tight deadlines and manage multiple priorities.
  • Able to communicate with different levels and is adaptable.
  • Works as part of a team and able to work in a pressured environment.

Education: 5 GCSE passes (minimum Grade C or new grade 5), including Maths and English; 3 A Levels A-C or equivalent ACII or equivalent.

Equality, Diversity and Inclusion

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).

Underwriter - Marine Cargo & Freight Liability (Ipswich or Manchester) employer: Chaucer Underwriting Services Limited

Chaucer is an exceptional employer, offering a dynamic work environment in Ipswich or Manchester where you can thrive as an Underwriter in Marine Cargo & Freight Liability. With a strong commitment to employee growth, we provide comprehensive training and development opportunities, fostering a collaborative culture that values diversity and inclusion. Join us to build meaningful relationships with clients and brokers while enjoying the benefits of a supportive team dedicated to delivering excellent customer outcomes.

Chaucer Underwriting Services Limited

Contact Details:

Chaucer Underwriting Services Limited Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Underwriter - Marine Cargo & Freight Liability (Ipswich or Manchester)

Dive Into Industry Networking Events

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We think you need these skills to ace Underwriter - Marine Cargo & Freight Liability (Ipswich or Manchester)

Marine Underwriting
Risk Assessment
Policy Documentation Production
Data Management
Statistical Reporting
Broker Liaison
Customer Relationship Management

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 Underwriting Services Limited.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Chaucer Underwriting Services Limited. 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 Underwriting Services Limited

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 Underwriting Services Limited 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 Underwriting Services Limited, 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 Underwriting Services Limited'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.