At a Glance
- Tasks: Manage delegated portfolio processes and build strong client relationships in marine underwriting.
- Company: Chaucer, a leading insurance group at Lloyd’s with a global presence.
- Benefits: Flexible working arrangements, diverse culture, and opportunities for professional growth.
- Other info: Opportunity to work in a fast-paced environment with international travel possibilities.
- Why this job: Join a dynamic team innovating in marine portfolio development and make a real impact.
- Qualifications: Experience in delegated underwriting and strong negotiation skills required.
The Marine Delegated Portfolio Underwriter will work within the marine underwriting team, specifically implementing and managing their successful delegated authority business in this specialist class as well as supporting daily internal stakeholder and external coverholder relationships. This is a dynamic market leading international team that wants to continue to innovate marine portfolio development and new commercial outcomes.
Managing the full suite of delegated portfolio processes including initial setup, weekly management and renewal. This will include risk governance, assessment, data and portfolio analytics, compliance and regulatory oversight and relationship oversight. Agreement of endorsements / amendments / promised lines in accordance with underwriting authority. Agreement of special acceptances and referrals to binding authorities, line-slips and treaties. 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. To interpret, prepare and analyse underwriting data to provide comprehensive modelling information to support the underwriting process. Ensure underwriting records are properly recorded and updated, including client files. Contribute to the successful implementation of business segmentation monitoring / management to allow the team to pursue optimal portfolio strategy. Responsibility for the accuracy and upkeep of all written premium data on Chaucer systems for all risks written within the area of responsibility. Liaise with other business areas within Chaucer as required to ensure effective management of the account including the delegated underwriting team, credit control, compliance, claims, exposure management, internal risk review and actuarial functions.
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
Delegated Underwriting experience specific to the Lloyd’s London Market.
Experience of negotiating with brokers and liaising with clients.
Understanding of business planning process.
Organised and able to work to tight deadlines and manage multiple priorities.
Able to communicate with different levels and is adaptable.
Resilient and able to work in a pressured environment.
Works as part of a team.
Education
ACII Qualification (or equivalent), or making good progress towards completion.
Marine Delegated Portfolio Underwriter employer: Chaucer Underwriting Services Limited
Chaucer is an exceptional employer that fosters a dynamic and inclusive work culture, prioritising employee development and mentorship within the Transport Logistics team. With a commitment to strategic innovation and commercial awareness, employees are empowered to lead and shape the future of the TL business while enjoying opportunities for growth and collaboration across global platforms. Located in a vibrant market, Chaucer offers a unique advantage for professionals seeking meaningful and rewarding careers in the marine underwriting sector.
Contact Details:
Chaucer Underwriting Services Limited Recruitment Team
