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For Companies At a Glance
- Tasks: As a Senior Underwriter, you'll manage marine cargo and freight risks while building broker relationships.
- Company: Join Chaucer, a leading insurance group at Lloyd’s, protecting industries globally from various risks.
- Benefits: Enjoy flexible working arrangements and a supportive, inclusive company culture.
- Why this job: This role offers growth opportunities, diverse challenges, and the chance to make a real impact.
- Qualifications: You need proven underwriting experience and at least 5 GCSEs, including Maths and English.
- Other info: We welcome applicants from all regions in the UK and promote diversity and inclusion.
The predicted salary is between 43200 - 72000 £ per year.
Working within the Lonham Group Ltd as a Senior Underwriter for Marine Cargo and Freight Liability business. This role offers flexibility in location within the UK, as we manage a countrywide book of business. We welcome applications from candidates based in any region.
Main duties
- Develop existing broker relations to maintain and expand current book of business
- Generate new business opportunities in line with Lonham growth strategy
- Gain knowledge of and articulate Lonham client proposition
- Underwrite, review new and renewal risks, considering risk type, cargo nature, limits, voyages, stock locations, turnover, rating guidelines, and claims experience
- Produce and distribute policy documentation
- Input and maintain accurate records within the Underwriting and Accounts systems; capture relevant data for monitoring and analysis
- Monitor risks due for renewal
- Prepare reports and statistical information as required by Underwriters
- Liaise with brokers and policyholders to obtain information, provide quotes, and produce insurance documentation; chase for outstanding premiums, adjustments, and declarations
- Raise invoices/credits as needed according to policy wording
- Collaborate with other departments within Lonham and Chaucer
- Build and maintain good relationships with brokers and clients
- Attend training sessions and meetings as required
Regulatory responsibilities
- Sanction check all new and existing customers
- Adhere to FCA rules regarding insurance premiums
- Issue policy documentation within industry deadlines
- Promptly identify, record, and refer customer complaints
- Uphold principles of Treating Customers Fairly with agents and service providers
- Write policies within Chaucer/Lloyds guidelines
Our requirements
Relevant experience
- Essential: Proven underwriting experience with good knowledge of Cargo and Freight Liability insurance; ability to develop strong client relationships
Technical skills
- Microsoft Office (Word, Excel or equivalents)
Education & Experience
- Essential: Minimum of 5 GCSE passes (Grade C or 5), including Maths and English
- Desirable: A.C.I.I. qualification or part-qualified
- Experience with AI technologies such as co-pilot or similar
Personal skills
- Ability to work independently and as part of a team
- Effective interpersonal and communication skills
- Professional, well-presented, and self-motivated
- Organized, accurate, enthusiastic
ABOUT US
Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries worldwide from various risks. Our clients 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 serve our global clients. For more information, visit our website. Chaucer values diversity, actively promotes inclusion, and is committed to fair employment practices in accordance with UK legislation. We encourage flexible working arrangements and invite you to discuss your needs during the interview process.
Contact Detail:
Chaucer Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Marine/Cargo & Freight (UK based)
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in Marine Cargo and Freight Liability insurance. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who specialise in marine underwriting. Attend relevant events or join online forums to build connections that could lead to referrals or insider information about the role.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully developed broker relationships in the past. Highlighting your interpersonal skills and ability to generate new business will set you apart from other candidates.
✨Tip Number 4
Research Lonham Group Ltd and their client proposition thoroughly. Understanding their unique selling points and how they operate will allow you to articulate why you're a great fit for their team during the interview.
We think you need these skills to ace Senior Underwriter - Marine/Cargo & Freight (UK based)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant underwriting experience, particularly in Marine Cargo and Freight Liability insurance. Use specific examples to demonstrate your ability to develop client relationships and manage risks.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your skills align with the responsibilities outlined in the job description, such as your experience with policy documentation and regulatory compliance.
Showcase Technical Skills: Emphasise your proficiency in Microsoft Office and any experience with AI technologies. This is particularly important as the role requires accurate record-keeping and data analysis.
Highlight Interpersonal Skills: Since the role involves liaising with brokers and clients, make sure to highlight your effective communication and interpersonal skills. Provide examples of how you've successfully built relationships in previous roles.
How to prepare for a job interview at Chaucer
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge, especially regarding Marine Cargo and Freight Liability. Be prepared to discuss specific risks, cargo types, and how you would assess them in real scenarios.
✨Showcase Your Relationship Skills
Since building broker relationships is key, think of examples from your past where you've successfully developed or maintained client relationships. Highlight your communication skills and how you can foster trust with brokers and clients.
✨Demonstrate Technical Proficiency
Familiarise yourself with Microsoft Office tools, particularly Excel, as you'll need to manage data and produce reports. If you have experience with AI technologies, be ready to discuss how they can enhance underwriting processes.
✨Understand Regulatory Responsibilities
Be prepared to talk about your understanding of FCA rules and the importance of compliance in underwriting. Show that you are aware of the regulatory landscape and how it impacts the insurance industry.
