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: Work in a supportive environment with excellent career advancement opportunities.
- 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 predicted salary is between 58540 - 71548 £ per year.
- Job Profile Summary
- 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.
Job Description
- 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
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 Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world.
To learn more about us please visit our website.
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).
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture.
We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit.
We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Marine Delegated Portfolio Underwriter in London employer: Chaucer Underwriting Services
Chaucer is an exceptional employer, offering a dynamic work environment within the Actuarial pricing team in London, where you will gain invaluable experience in general insurance pricing. With a strong commitment to employee growth, we provide actuarial study support towards your qualification, alongside a culture that values diversity and inclusivity, ensuring every team member is respected and empowered. Join us to collaborate with industry experts and contribute to innovative pricing models that protect global industries.
Contact Details:
Chaucer Underwriting Services Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Marine Delegated Portfolio Underwriter in London
✨Dive Into Industry Networking Events
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We think you need these skills to ace Marine Delegated Portfolio Underwriter 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.
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. 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
✨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 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, 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'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.
