At a Glance
- Tasks: Underwrite UK Commercial Property risks and develop strategies for profitable operations.
- Company: Join Chaucer, a leading insurance group at Lloyd’s with a global presence.
- Benefits: Flexible working arrangements, inclusive culture, and opportunities for professional growth.
- Other info: Collaborative team atmosphere with a focus on diversity and inclusion.
- Why this job: Make an impact in the insurance industry while developing your skills in a dynamic environment.
- Qualifications: ACII qualified with experience in UK commercial property insurance and strong leadership skills.
The predicted salary is between 58540 - 71548 £ per year.
Contribute to Underwriting, Portfolio Management, Strategy & Planning Activities supporting profitable operation of the UK Commercial Property book and development of colleagues.
Underwrite UK Commercial Property risks in accordance with the agreed business plan, underwriting appetite, guidelines and reinsurance programme. Actively contribute to the development, implementation and delivery of the underwriting strategy for the UK Commercial Property portfolio. Produce and maintain the business plan for review and agreement by the Divisional Head. Own the monthly and quarterly forecasting process for the UK Commercial Property class and monitor performance against plan. Seek out new business opportunities and provide a full and comprehensive service to brokers and clients in relation to UK Commercial Property business. Actively support marketing, broker relationship activity and client engagement for the UK Commercial Property team, including travel to visit existing and potential clients as required. Manage team members as required and support the training, coaching and development of junior underwriting and modelling colleagues. Liaise with local offices and relevant internal teams to support effective underwriting, exposure management and portfolio management. Develop and apply the use of modelled data to support pricing, exposure management, rating model assessment and portfolio decision-making. Undertake peer review of risks as allocated in line with risk and compliance frameworks. Take responsibility for the accuracy and upkeep of written premium data on Charisma and other relevant systems for all risks written within the area of responsibility. Monitor statistics, claims and portfolio performance, reporting findings as required. Ensure compliance with regulations, underwriting governance requirements, and relevant system/data maintenance obligations. Undertake other ad hoc duties as required.
People leadership – create, lead and support an inclusive environment that values individual differences and leverages diversity.
Regulatory Responsibilities
- 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.
- Ensure all required annual product review assessments are completed for department in a timely manner.
- Ensure all Chaucer Group Product Governance processes in the UCM are followed.
- 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
- Extensive knowledge and experience of the UK commercial property insurance market.
- Microsoft Office, Excel.
- Leadership capability, with experience contributing to underwriting strategy and portfolio planning.
- Excellent organisational skills.
- Excellent communication skills at all levels.
- Collaborative approach and ability to work effectively as part of a team.
- Adaptable and able to work effectively in a high-pressure environment.
Education ACII qualified.
Class Underwriter – UK Property in London employer: Chaucer Underwriting Services Limited
Chaucer Underwriting Services Limited is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. Employees benefit from flexible working arrangements, comprehensive professional development opportunities, and a supportive culture that values diversity and inclusion, making it an ideal place for those looking to make a meaningful impact in the reinsurance sector.
Contact Details:
Chaucer Underwriting Services Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Class Underwriter – UK Property in London
✨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.
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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 Underwriting Services Limited). 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 Underwriting Services Limited. 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 Class Underwriter – UK Property in London
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.
