Graduate - Underwriting Portfolio Management

The Underwriting Strategy and Central Portfolio Management team works at the heart of the business, within underwriting, aiming to develop and implement an Underwriting Strategy that aligns with the Group Strategy, underpinned by a robust Portfolio Management and Underwriting Oversight Framework. The team reports into the Chief Underwriting Officer and works closely with the Underwriting teams.

The team has four main workstreams:

• UW Strategy: develop and implement Chaucer’s strategy through targeted analysis, research and market intelligence work.
• UW Performance: analyse and monitor underwriting performance, underlying drivers, trends, opportunities and influence portfolio optimisation.
• UW Governance: develop and implement 1st line of defence governance framework. Develop processes to monitor, analyse, identify and report adherence to the framework. Drive UW ownership of actions.
• UW Operational Change: improve underwriting process efficiency and consistency across classes. Working with the Change team. Provide clarity to UW teams on roles and responsibilities. Monitor adherence to processes. Be the conduit between UW and Operations.

In addition to the above, you will also have the opportunity to work with the Distribution team, whose objective is to have a clear broker and client engagement strategy. The combination of this experience, along with the training and support we offer, will enable you to accelerate your career and develop into a well-rounded Underwriting Portfolio Management professional.

We empower our people to excel. Our people are a team of leaders. Experts in their fields, top performers – who collaborate, without hierarchy. Together we’ve created an exciting and successful business, and we know that it’s our people who define and drive this success. That’s why the growth, development and wellbeing of our employees is so important to us. We work hard to make sure careers at Chaucer are challenging, inspiring and rewarding and that the environment is ambitious and supportive.

Location: London, at our offices in the Scalpel building in the heart of the city. We offer hybrid working, with a mix of office and home days that works for you and the team.

What we offer:

• £34,000 with extra qualification rewards.
• £500 signing on bonus.
• 26 days holiday plus option to buy or sell to meet your needs.
• 2 year fixed term contract with the opportunity to apply for permanent roles at the end.
• Enjoy excellent benefits such as private medical insurance, pension, season ticket loan, and flexible options with a £175 monthly allowance for tech products, gym membership, cycle-to-work schemes, or charitable donations.
• You also get 2 CSR days where you get the opportunity to make a real difference to local communities and charities that matter to you.

Your Development – You’ll get:

• Challenging, stretching and rewarding work right from the start in each placement.
• Our full support and guidance to achieve your Level 4 Insurance Professional apprenticeship standard which incorporates the DIPCII qualification.
• A personalised development plan to support your professional and soft skills development.
• An in-house experienced buddy and mentor, to help show you the ropes and support you on your journey.
• Lots of opportunities to get involved in groups outside of your day to day work to grow your network, learn from others and give back to the community through our CSR initiatives.

At the end of the programme, you will have the opportunity to apply for a permanent role in one of our teams. We want to continue to grow our talent and will support your development to progress your career as an underwriter and become ACII qualified.

What you need:

• Unrestricted right to work in the UK.
• A minimum 2.2 degree in any discipline.
• 3 or more A-Levels or equivalent (A-C) (ideally with a STEM subject).
• GCSE in Maths and English - grade 4 (C) or equivalent.
• Excellent IT skills, including Microsoft Excel.

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). 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.