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For Companies At a Glance
- Tasks: Underwrite Marine Cargo risks and analyse applications with technical expertise.
- Company: Join CNA Hardy, a leading specialist in commercial insurance.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Build relationships with Brokers and grow your career in a supportive team.
- Why this job: Make impactful decisions in the exciting world of Marine Cargo insurance.
- Qualifications: Experience in Marine Cargo underwriting and strong analytical skills.
The predicted salary is between 40000 - 50000 £ per year.
We are seeking to hire a Marine Cargo underwriter to join our Lloyd's team. This role works under broad supervision, responsible for underwriting risks in a Marine Cargo book of business. Works within limited authority on assignments of moderate technical complexity. Utilises underwriting policies and guidelines, rating manual rules and insurance laws and regulations.
Key Responsibilities
- Reviews applications and financial requirements for risks requiring technical underwriting skills.
- Determines acceptability of risk in accordance with company guidelines and standards.
- Recommends appropriate pricing and coverage modifications or enhancements for risks after complete analysis and consideration of applicant documentation, business factors and competitive situations.
- Prepares quotations and answers questions from Brokers, internal and external contacts and escalates issues as necessary.
- Prepares written communications on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations.
- Verbally notifies Brokers of decisions where appropriate in order to ensure clear understanding of the decision.
- Analyses quality, quantity, and profitability of risks underwritten and prepares reports for management review.
- May assist in marketing products and services through the brokerage community and makes field visits.
- Develops and maintains positive Broker relationships.
- Keeps current on state/territory issues, regulations and trends.
- Works with more senior underwriters or management on risks exceeding authority level or requiring special handling.
- Develop proficiency in all relevant CNA systems.
- May update the underwriting systems.
Skills, Knowledge & Abilities
- Knowledge of underwriting and insurance industry theories and practices.
- Prior experience working within Marine Cargo, preferably in a Lloyd's environment.
- Knowledge of the Marine Cargo market and products.
- Developing technical expertise and negotiation skills.
- Strong interpersonal and communication skills.
- Ability to effectively interact with peer level CNA internal and external business partners.
- Ability to work independently.
- Strong analytical and problem solving skills.
- Ability to exercise independent judgment and make sound business decisions effectively.
- Strong knowledge of Microsoft Office Suite as well as other business-related software.
The Company CNA Hardy is a leading specialist commercial insurance provider for clients within the Lloyd’s and company markets. We offer a highly specialised and comprehensive portfolio of innovative and market leading products. Coverage is available to businesses of all sizes for domestic, international and global exposures.
Underwriter - Marine Cargo in London employer: CNA Hardy
Contact Detail:
CNA Hardy Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Marine Cargo in London
✨Tip Number 1
Network like a pro! Reach out to people in the marine cargo insurance field, especially those at CNA Hardy. A friendly chat can open doors that applications alone can't.
✨Tip Number 2
Prepare for interviews by brushing up on your underwriting knowledge. Be ready to discuss how you would assess risks and make decisions based on company guidelines. Show us your analytical skills!
✨Tip Number 3
Don’t just apply; follow up! After submitting your application through our website, drop a quick email to express your enthusiasm. It shows initiative and keeps you on their radar.
✨Tip Number 4
Stay updated on industry trends and regulations. Being knowledgeable about the marine cargo market will impress interviewers and demonstrate your commitment to the role.
We think you need these skills to ace Underwriter - Marine Cargo in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Marine Cargo Underwriter role. Highlight your relevant experience in underwriting and any specific knowledge of the Marine Cargo market. We want to see how you fit into our team!
Showcase Your Skills: Don’t forget to emphasise your analytical and problem-solving skills. Mention any past experiences where you've successfully assessed risks or made sound business decisions. This is your chance to shine, so let us know what you can bring to the table!
Be Clear and Concise: When writing your application, keep it straightforward and to the point. Use clear language and avoid jargon unless it's industry-specific. We appreciate a well-structured application that’s easy to read and understand.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details directly and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at CNA Hardy
✨Know Your Marine Cargo Inside Out
Make sure you brush up on your knowledge of the Marine Cargo market and products. Familiarise yourself with the latest trends, regulations, and any recent changes in the industry. This will not only show your passion for the role but also demonstrate that you're proactive and well-informed.
✨Prepare for Technical Questions
Since this role involves underwriting risks with moderate technical complexity, be ready to tackle questions that assess your understanding of underwriting policies and guidelines. Review common scenarios and think about how you would approach risk assessment and pricing modifications.
✨Showcase Your Communication Skills
As an underwriter, you'll need to communicate decisions clearly to Brokers and other stakeholders. Practice articulating your thought process and decision-making rationale. You might even want to prepare a few examples of how you've effectively communicated complex information in the past.
✨Build Rapport with Interviewers
Remember, building positive relationships is key in this role. During the interview, try to connect with your interviewers by showing genuine interest in their experiences and insights. A friendly, engaging attitude can go a long way in making a lasting impression.