At a Glance
- Tasks: Support Underwriters with pricing, risk evaluation, and broker liaison for new and renewal business.
- Company: Chaucer values diversity and promotes an inclusive workplace culture.
- Benefits: Opportunity to progress to Underwriting and study for ACII qualifications.
- Other info: Position is a 6-month fixed-term contract.
- Why this job: This role offers a comprehensive introduction to Underwriting with hands-on experience.
- Qualifications: Experience in the Insurance market and GCSE Maths grade B or above required.
The predicted salary is between 30000 - 40000 £ per year.
The primary function of this role will be to support the Underwriters day to day with evaluating and pre‑underwriting risks. This will include pricing of risks, reviewing of surveys, liaison with brokers, attendance at the box supporting Underwriters, adhoc reporting and performance monitoring, broker relationship management, and general servicing of new and renewal business. This role is an introduction to Underwriting and will take the individual through all aspects of how to Underwrite, with the opportunity to progress to Underwriting, if of interest.
Main duties
- A key member of the Underwriting team supporting Underwriters through all aspects of Underwriting new and renewal risks
- Pricing of risks on behalf of Underwriters
- Pre‑underwriting risks, including reviewing submissions to establish whether within Underwriting appetite
- High level review of surveys and risk quality
- Assist with triaging of risks
- Assist with Underwriting notes of a risk
- Analysis of CAT exposure per risk, and also at portfolio level
- Assisting with developing and/or enhancing new Underwriting tools for underwriting analysis
- Attend broker / client Underwriting meetings with Underwriters where required
- Day to day liaison with brokers both face to face at the box, as well as by email and via video calls
- Issue quotes to brokers on both renewals and new business
- Assisting underwriters with general day to day admin, including (once proficient) checking of renewal slips, and agreeing endorsements (with U/W guidance)
- Responsibility for the accuracy and upkeep of all written premium data on Charisma for all risks written within the area of responsibility
- Providing statistical information to Underwriters when required
- Prepare renewal lists
- Travel as required
- Be an active participant and contributor within the Underwriting team
- Assist and continue to develop best practice process for the Underwriting team to work with UW Ops and maintain strong working relationship with UW Ops team
- Act as gatekeeper / Underwriting point of contact to UW Ops and Outsourcing arrangements
Essential
- Experience working within the Insurance market
- Competent at using Internet Explorer for conducting research
- Competent using Microsoft Office
- Progression towards ACII
Technical Skills
- Competent at using Microsoft Edge (or similar) for conducting research
- A good general knowledge of world geography and basic construction types
- A good understanding of fundamental insurance/reinsurance concepts, slips terms and conditions
Education & Experience
- GCSE Maths grade B or above (or equivalent)
- Minimum of 3 A grade GCSE’s or equivalent
- Interest in studying for further insurance qualifications (ACII) – job holders will be expected to achieve Associateship in a reasonable period of time
Personal skills
- Professional outlook
- 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
- Capable of working to a timetable when required
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.
Underwriting Assistant - Property (6 month FTC) employer: Chaucer
Chaucer is committed to diversity and inclusion, actively valuing differences among employees. Located in the UK, they offer flexible working arrangements and support professional development through ACII qualifications. The Underwriting team fosters collaboration and best practices in a dynamic environment.
