At a Glance
- Tasks: Support the Energy Division by analysing risks and assisting with underwriting processes.
- Company: Chaucer, a leading insurance group at Lloyd’s, committed to diversity and inclusion.
- Benefits: Flexible working arrangements, competitive salary, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on customer satisfaction and career development.
- Why this job: Join a dynamic team and make an impact in the energy insurance sector.
- Qualifications: GCSE Maths grade B or above, 3 A Levels (A-C), and relevant experience preferred.
The predicted salary is between 30000 - 40000 £ per year.
Working within the Energy Division, this role provides support to the Conventional Power & Renewables Team and helps to deliver its business plan.
Assist in the review of new and renewal risks including slip analyses, perform model-based rating and benchmarking as well as rate change analysis, and undertake premium monitoring.
Assist in aggregation analysis in conjunction with the underwriters and/or modelling/aggregation team as appropriate, including Natural Catastrophe pricing.
Monitor risks written and that are due for renewal by preparing and updating renewal lists, analyse brokers’ pipeline reports and liaise with the underwriting team to develop effective business production targets.
Ensure prospects logged in underwriting database and followed up.
Prepare reports and statistical information as required by the underwriters.
Assist with the developments and enhancements of underwriting systems where applicable, e.g. new and/or enhanced benchmarking models, etc.
Liaise with other business areas within Chaucer as required, including credit control, claims, internal risk review, actuarial function and compliance etc.
Liaise with Underwriting Operations team as may be required.
Monitor PPL / e-placement platforms and liaise with underwriting team.
Provide general assistance to underwriting team as may be 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.
- 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.
Skills and Competencies
- Some relevant experience with a working knowledge of Power Generation insurance sector, including practices and procedures.
- Knowledge of the Lloyd’s & / or Company Market.
- Excel – Intermediate.
- 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
- GCSE Maths grade B or above, Minimum of 5 other GCSE’s grade C or above.
- 3 A Levels (A-C).
- Degree.
- Studying towards ACII.
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.
Underwriting Assistant - Energy in London employer: Chaucer Underwriting Services
Chaucer is an exceptional employer, offering a dynamic work environment within the Energy Division that fosters collaboration and innovation. With a strong commitment to employee growth, we provide opportunities for professional development and flexible working arrangements, ensuring a healthy work-life balance. Our inclusive culture values diversity and promotes positive relationships, making Chaucer a rewarding place to build a meaningful career in the insurance sector.
Contact Details:
Chaucer Underwriting Services Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Assistant - Energy in London
✨Tip Number 1
Network like a pro! Reach out to people in the energy sector, especially those working in underwriting. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Power Generation insurance. Show us you know your stuff and can talk confidently about the industry trends and challenges.
✨Tip Number 3
Don’t just apply; follow up! After submitting your application through our website, drop a quick email to express your enthusiasm. It shows initiative and keeps you on their radar.
✨Tip Number 4
Be ready to showcase your Excel skills during interviews. We love candidates who can analyse data effectively, so prepare some examples of how you've used Excel in past roles or projects.
We think you need these skills to ace Underwriting Assistant - Energy in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Underwriting Assistant role. Highlight your relevant experience in the Power Generation insurance sector and any skills that match the job description. We want to see how you fit into our team!
Show Off Your Skills:Don’t forget to mention your Excel skills and any experience with underwriting systems. If you've worked under pressure or managed multiple priorities, let us know! We love seeing candidates who can thrive in a fast-paced environment.
Be Clear and Concise:When writing your application, keep it clear and to the point. Use bullet points where possible to make it easy for us to read. We appreciate straightforward communication, especially when it comes to your qualifications and experiences.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, you’ll get to explore more about Chaucer and what we stand for!
How to prepare for a job interview at Chaucer Underwriting Services
✨Know Your Stuff
Make sure you brush up on your knowledge of the Power Generation insurance sector. Familiarise yourself with key terms and concepts related to underwriting, especially in the energy division. This will help you answer questions confidently and show that you're genuinely interested in the role.
✨Show Your Analytical Skills
Since the role involves tasks like model-based rating and premium monitoring, be prepared to discuss your analytical skills. Bring examples of how you've used data analysis in past experiences, and if possible, relate them to the energy sector. This will demonstrate your capability to handle the responsibilities of the job.
✨Prepare Questions
Interviews are a two-way street! Prepare thoughtful questions about the team dynamics, the company's approach to risk management, or how they handle customer relationships. This shows that you're engaged and eager to understand how you can contribute to their success.
✨Be Ready for Teamwork Scenarios
As the role requires liaising with various teams, think of examples where you've successfully worked as part of a team. Be ready to discuss how you communicate with different levels within an organisation and how you adapt to various working styles. This will highlight your collaborative spirit, which is crucial for this position.
