At a Glance
- Tasks: Lead and develop strategies for the Transport Logistics underwriting team.
- Company: Chaucer, a leading insurance group at Lloyd's with a global presence.
- Benefits: Flexible working arrangements, commitment to diversity, and a supportive culture.
- Other info: Join a diverse workforce and enjoy excellent career growth opportunities.
- Why this job: Make a real impact in a dynamic industry while mentoring a talented team.
- Qualifications: Significant marine experience and strong underwriting skills required.
The predicted salary is between 60000 - 80000 £ per year.
Responsibilities
Take the lead for developing strategy, producing a Business Plan and underwriting the Transport Logistics (TL) account for Chaucer, and manage, mentor and develop the TL underwriting team.
Lead TL team strategy, client and broker distribution plan, ensuring Chaucer attains global TL leadership and becomes the go‑to market of choice.
Own all aspects of underwriting and management of the Transport Logistics class, with responsibility for driving growth through geographically diverse distribution and product business mix.
Work alongside the Head of Marine to set, own and manage Chaucer's strategy for the TL business, develop long‑term plans across all business platforms and hubs, and produce and present Business Plans for agreement by Underwriting Management.
Ensure the TL team underwrites in accordance with Business Plans, Syndicate Guidelines and Compliance requirements.
Continuously assess and develop pricing models and maintain compliance with Syndicate Systems and Lloyd's regulations and Byelaws.
Peer review of risks as allocated, monitor and maintain accurate written premium data on Charisma for all risks written within the area of responsibility.
Maintain and develop relationships with brokers to ensure a good business flow of new and renewal business, and with customers to aid business understanding, risk retention and target new business, including travel as may be required.
Maintain and develop market profile for Chaucer syndicate generally and TL class in particular, monitor portfolio results, liaison with Claims Department, report as required, and monitor industry trends, premium levels, aggregation issues and loss trends.
Ensure any Facultative Reinsurance is purchased in accordance with Chaucer guidelines and in conjunction with the Head of Marine.
Work with Head of Marine and Reinsurance Purchasing team on outwards Reinsurance programme, including meetings with Reinsurers and preparation of renewal submission(s).
Advise, assist and service customers on insurance and risk matters to promote customers' satisfaction, foster positive relationships, ensure complaints are promptly identified, recorded and referred, and uphold the principles of Treating Customers Fairly (TCF).
Qualifications & Experience
- Significant relevant marine experience and reasonable levels of underwriting experience.
- Experience of lead negotiating with brokers and liaising with clients.
- Understanding of actuarial rating process.
- Understanding of business planning process.
Skills & Tools
- Essential Microsoft Office: Word and Excel (Intermediate).
- Essential 5 GCSE's English and Maths grade "C" or above (or equivalent).
- 3 'A' Level passes (or equivalent).
- Lloyds Introductory Test (ACII).
- Strategic & Innovative Thinking – translates organisational vision through effective goal setting and strategic planning, thinks creatively and innovatively.
- Commercial Awareness – understands how the business works and the external market to drive the business forward.
- Execution – builds key relationships, shows ownership of targets, focuses on results.
- Resilience & Adaptability – demonstrates high personal resilience and ability to adapt to change.
- About Chaucer
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, with international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients worldwide.
We are committed to diversity, actively valuing difference and respecting people regardless of protected characteristics outlined in the Equality Act 2010.
A diverse workforce and an inclusive workplace are core to our success and culture.
We recruit from the widest available pool of talent, ensuring a fair and bias‑free selection process based on merit.
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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StudySmarter Expert Advice🤫
We think this is how you could land Senior Class Underwriter - Transport Logistics Lead
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Chaucer). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Chaucer. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Class Underwriter - Transport Logistics Lead
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Chaucer.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Chaucer. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Chaucer
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Chaucer to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Chaucer, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Chaucer's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
