At a Glance
- Tasks: Manage and grow the Political Violence and Crisis Management delegated authority book.
- Company: Join Chaucer, a leader in the insurance industry with a commitment to diversity.
- Benefits: Flexible working arrangements, competitive salary, and opportunities for professional growth.
- Other info: Collaborative culture that values diversity and promotes respect in the workplace.
- Why this job: Make a real impact in a dynamic environment while developing your skills in underwriting.
- Qualifications: 4+ years in Lloyd's insurance, ACII qualified or working towards it.
The predicted salary is between 60000 - 80000 £ per year.
To manage, underwrite and grow (profitably) the Political Violence and Crisis Management delegated authority (DA) book. To take responsibility for all DA business within the Political Violence and Crisis Management from a business planning, production and oversight perspective.
Main Duties
- Support the Head of Political Violence (PV) in writing a profitable PV and CM Delegated Authority book, including binders, lineslips, broker facilities, Fac Reporters and Treaties.
- Take responsibility for all DA business in the division.
- Review of new and renewal relationships, including but not limited to, slip analyses, rating/benchmark analysis and premium monitoring.
- Take responsibility for the monitoring and oversight of Delegated Authority business, including referring binders to DA Operations and completing Referral templates.
- Support the production of a business plan for review and agreement by management.
- Input into the monthly and quarterly forecasting process.
- Underwrite in accordance with underwriting authority and the business plan.
- Seek out new DA business opportunities through liaison with brokers and clients, on-boarding in line with Chaucer’s DA Framework.
- Travel to support growth and robust oversight of the divisions DA book, including recording meetings in meeting capture app.
- Build tools to aid the monitoring of all DA business from a controls, oversight, governance and underwriting perspective.
- Work with the DA CoE to implement mid-year DA reviews.
- Be proactive in the management (underwriting and oversight) of all DA business written by the division.
- Look to cross-sell other products with PV/CM coverholders as well as building out our PV offering via Property, Casualty, Marine and Cyber coverholders.
- Carry out underwriting file reviews on each DA relationship and work with the DA Oversight team following the external audit of coverholders.
- Liaise with brokers, coverholders and reinsurers and develop good working relationships.
- Liaise with other business areas within Chaucer as required, including credit control, claims, internal risk review, actuarial etc.
- Use market, industry and other sources to enhance awareness of technical factors and developments relevant to portfolio underwriting and PV in general.
- Responsibility for the accuracy and upkeep of all DA KPIs, working closely with the UW Operations team.
- Prepare reports and statistical information as required by senior management.
- Adhoc DA projects to support the DA CoE.
- Assist in the continuous assessment of rating and benchmarking models for DA business.
Our Requirements
Relevant Experience
- Essential: Minimum of 4 years working within the Lloyds insurance environment.
- Relevant experience in PV Insurance, knowledge of the London and Lloyd’s markets and experience managing a DA book of business.
Technical Skills
- Essential: MS Office – including Excel, PowerPoint & Word.
- Relevant insurance platform experience – PPL & Whitespace.
- A detailed understanding of fundamental insurance/reinsurance concepts, MRC slip standards, contract certainty requirements, market standard model clauses (NMA, LMA, LSW model endorsements & exclusions), and class-specific terms and conditions.
Education & Experience
- Essential: ACII qualified or working towards achieving.
Personal Skills
- Professional outlook.
- Flexible at all times.
- Very good interpersonal skills.
- Excellent organisational skills.
- Excellent communication skills with the ability to liaise at all levels.
- Work as part of a team.
- Adapt to a pressured environment.
- Self-motivated.
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.
Delegated Authority Underwriter -Political Violence employer: Chaucer
Chaucer is an exceptional employer, offering a dynamic work environment that fosters professional growth and collaboration. With a strong commitment to diversity and inclusion, employees are encouraged to thrive in their roles while enjoying flexible working arrangements. The London-based team benefits from a wealth of opportunities to engage with industry leaders and expand their expertise in Political Violence and Crisis Management underwriting.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Underwriter -Political Violence
✨Tip Number 1
Network like a pro! Reach out to industry contacts, attend events, and engage with professionals on LinkedIn. Building relationships can open doors to opportunities that aren’t even advertised.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to Political Violence and Crisis Management, and think about how your experience aligns with their goals. We want you to shine!
✨Tip Number 3
Practice your pitch! Be ready to explain your experience in managing DA books and how you can contribute to growth. Confidence is key, so rehearse with friends or in front of a mirror until it feels natural.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Delegated Authority Underwriter -Political Violence
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in Political Violence and Crisis Management. We want to see how your skills align with the specific requirements of the role, so don’t hold back on showcasing your relevant achievements!
Showcase Your Technical Skills:Since this role requires a solid understanding of insurance concepts and platforms like PPL and Whitespace, be sure to mention your proficiency in these areas. We love seeing candidates who can hit the ground running with their technical know-how!
Be Clear and Concise:When writing your application, keep it straightforward and to the point. Use clear language and avoid jargon where possible. We appreciate a well-structured application that makes it easy for us to see your qualifications at a glance.
Apply Through Our Website:We encourage you to submit your application directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team!
How to prepare for a job interview at Chaucer
✨Know Your Stuff
Make sure you brush up on your knowledge of Political Violence and Crisis Management. Understand the key concepts, market standards, and the specific responsibilities outlined in the job description. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Showcase Your Experience
Prepare to discuss your relevant experience in the Lloyds insurance environment. Be ready to share specific examples of how you've managed a Delegated Authority book or worked with brokers and clients. Highlight any successful projects or initiatives you've led that align with the responsibilities of the role.
✨Ask Smart Questions
Interviews are a two-way street, so come prepared with insightful questions. Ask about the company's approach to managing DA business or how they measure success in the Political Violence sector. This shows that you're engaged and thinking critically about how you can contribute.
✨Demonstrate Team Spirit
Since this role involves liaising with various teams and stakeholders, be sure to highlight your interpersonal skills. Share examples of how you've successfully collaborated with others in high-pressure environments. This will reassure them that you can work well within their team-oriented culture.
