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For Companies At a Glance
- Tasks: Assist in underwriting and managing the Cargo and Specie portfolio while driving growth.
- Company: Join Chaucer, a leading insurance group at Lloyd's with a global presence.
- Benefits: Flexible working arrangements, diverse culture, and opportunities for professional development.
- Why this job: Make an impact in the insurance industry while building strong client relationships.
- Qualifications: Marine insurance experience, negotiation skills, and ability to work under pressure.
- Other info: Dynamic team environment with opportunities for international travel.
The predicted salary is between 36000 - 60000 £ per year.
Overview
To assist the Senior Cargo and Specie Underwriters in all aspects of underwriting and management of the Cargo and Specie portfolio with specific responsibility for the growth of the Cargo account. Job Description Agreement and negotiation of renewals and new business in accordance with underwriting authority and where appropriate, individual budgeted goals within the Cargo and Specie portfolios. Utilise pricing models to generate risk assessments and premium calculations, review and validate model outputs to ensure accuracy in pricing recommendations, interpret pricing model results and make necessary adjustments. Assist in the development and enhancement of new pricing tools and methodologies. Agreement of endorsements / amendments / promised lines in accordance with underwriting authority. Acceptance of individual declarations to specified line-slips. Agreement of special acceptances and referrals to binding authorities, line-slips and treaties. Pro-active Marketing to meet class and divisional budgets. 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. Ensure box records are properly recorded and updated, including client files. When required scanning and taking notes of underwriting information. Specific account analysis. Assisting the Senior Cargo and Specie Underwriter in preparation of monthly Executive Report. Deputising for the Class Underwriter when absent at Divisional meetings. Peer Review of risks as allocated under the peer review selection criteria and responsibility matrix as set out in the Underwriting Manual. Responsibility for the accuracy and upkeep of all written premium data on Charisma for all risks written within the area of responsibility. Liaison with Administration Department. Liaison with Claims Department. Reporting of issues to Head of Marine & Energy Client liaison for allocated risks. Referral point for Assistant Underwriter. Reporting to Active Underwriter in absence of Head of Marine, Senior Cargo and Specie Underwriter
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. Complete 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
- Relevant marine insurance and underwriting experience
- Experience of negotiating with brokers and liaising with clients
- Understanding of business planning process
- 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
ACII or very near 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.
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Deputy Class Underwriter - Cargo employer: Chaucer
Contact Detail:
Chaucer Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Deputy Class Underwriter - Cargo
✨Tip Number 1
Network like a pro! Reach out to industry contacts and attend events related to marine insurance. Building relationships can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by researching Chaucer and understanding their values. Show how your experience aligns with their goals, especially in cargo underwriting.
✨Tip Number 3
Practice your negotiation skills! Since you'll be dealing with renewals and new business, being able to confidently discuss terms will set you apart from other candidates.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed and shows you're serious about joining the team.
We think you need these skills to ace Deputy Class Underwriter - Cargo
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Deputy Class Underwriter role. Highlight your relevant marine insurance experience and any specific skills that match the job description. We want to see how you fit into our team!
Showcase Your Skills: Don’t forget to mention your Excel skills and any experience with pricing models. We’re looking for someone who can handle risk assessments and premium calculations, so let us know how you’ve done this in the past!
Be Clear and Concise: When writing your application, keep it straightforward and to the point. Use clear language to describe your experiences and achievements. We appreciate a well-structured application that’s easy to read!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role there!
How to prepare for a job interview at Chaucer
✨Know Your Underwriting Basics
Make sure you brush up on your marine insurance and underwriting knowledge. Understand the key aspects of cargo and specie portfolios, as well as pricing models. This will help you answer questions confidently and demonstrate your expertise.
✨Prepare for Negotiation Scenarios
Since negotiation is a big part of the role, think about past experiences where you've successfully negotiated terms or resolved conflicts. Be ready to discuss these examples and how they relate to the responsibilities of the Deputy Class Underwriter.
✨Showcase Your Analytical Skills
Be prepared to talk about how you approach risk assessments and premium calculations. Highlight any experience you have with pricing tools and methodologies, and be ready to discuss how you ensure accuracy in your work.
✨Build Rapport with Interviewers
Remember, building long-term client relationships is key in this role. Use the interview to showcase your interpersonal skills. Ask thoughtful questions about the company culture and how they foster client relationships, showing that you’re genuinely interested in their approach.
