At a Glance
- Tasks: Support the underwriting team with daily operations and client interactions.
- Company: Join Chaucer, a leading insurance group at Lloyd’s with a global presence.
- Benefits: Gain valuable experience in a dynamic environment with opportunities for growth.
- Other info: Flexible working arrangements available to support your work-life balance.
- Why this job: Be part of a team that protects industries worldwide while developing your skills.
- Qualifications: Studying towards ACII qualification and some experience in UK Commercial General Liability insurance.
The predicted salary is between 40500 - 49500 £ per year.
Job Profile Summary
The role is within Chaucer’s UK Commercial General Liabilityinsurance team.
The primaryobjectiveof the role is toassistin the day-to-day running of theaccount, supporting the team withunderwriting duties, compliance management, premium, exposureand performance reporting, andliaisingwith brokers and clients as directed by a member of the team.
Job Description
- Supporting Underwriters in all aspects of the underwriting and management of the account
- Maintain various underwriting logs within the team and coordinate with brokers and underwriters foraccurateinformation
- Modelling of UK Commercial Casualty risks
- Assistwith strategy documents, slides for presentations to brokers, clients, and the board
- Request renewal underwriting information from brokers and perform pre-renewal analysis
- Liaise with brokers as directed by the team
- Attend broker/client meetings asrequiredandprovide assistance
- Coordination and quality control with Risk Admin
- Agreement of endorsements / amendments / promised linesin accordance withunderwriting authority when granted
- Acceptance of individual declarations to specified bindersin accordance withunderwriting authority when granted
- Assistingwith special projects
- Review slips for contract certainty andperformall required checks
- Preparation of statistics
- Assisting the Specialist Lines unit head with management data monitoring
- Maintenance of risk history involving organisation and filing
- Keeping bordereaux exposure records
- Support the Outward Reinsurance division on data queries
- Regulatory Responsibilities
Comply withall 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, Agentsand Service Providers:
- Advise, assistand service customers on insurance and risk matters to promote customers’ satisfaction
- Foster positive relationships with customers andattainan understanding of their needs
- Ensure that customer complaints are promptlyidentified, recordedand referred as appropriate
- Assistwith 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 obtainappropriate approvals
- Ensure that the principles of providing good customer outcomes and the fair treatment of customers are upheld by Agents and Service Providers.
Skillsand Competencies
- UK Commercial General Liability insurance experience
- Organised and able to work to tight deadlines and manage multiple priorities
- Able to communicate withdifferent levelsand is adaptable
- Resilient and able to work in a pressured environment
- Works as part of a team
Education
- Studying towards ACII qualification
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.
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Assistant Underwriter - UK General Liability employer: Chaucer
Chaucer is an exceptional employer located in the heart of London, offering a dynamic work environment that values diversity and promotes flexible working arrangements. As a leader in the insurance market, we provide our employees with ample opportunities for professional growth and development, ensuring that you can thrive in your career while making a meaningful impact in compliance monitoring.
