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- Tasks: Assist in underwriting and managing the Cargo and Specie portfolio while building client relationships.
- Company: Chaucer Group, a leading insurance group at Lloyd’s with a global presence.
- Benefits: Competitive salary, dynamic work environment, and opportunities for international travel.
- Other info: Great career growth potential and a chance to work in a collaborative team.
- Why this job: Join a team that protects industries worldwide and make a real impact in insurance.
- Qualifications: Relevant marine insurance experience and strong negotiation skills required.
The predicted salary is between 50000 - 65000 £ per year.
To assist the Senior Cargo and Specie Underwriters in all aspects of underwriting and management of the Cargo and Specie portfolio with specific responsibility for the growth of the Cargo account.
Agreement and negotiation of renewals and new business in accordance with underwriting authority and where appropriate, individual budgeted goals within the Cargo and Specie portfolios.
Utilise pricing models to generate risk assessments and premium calculations, review and validate model outputs to ensure accuracy in pricing recommendations, interpret pricing model results and make necessary adjustments. Assist in the development and enhancement of new pricing tools and methodologies.
Agreement of endorsements / amendments / promised lines in accordance with underwriting authority. Acceptance of individual declarations to specified line-slips. Agreement of special acceptances and referrals to binding authorities, line-slips and treaties.
Pro-active Marketing to meet class and divisional budgets. Build on existing and develop new long term client relationships including where appropriate foreign travel. Build strong market peer group reputation.
Participating on and where appropriate chairing special projects as and when required in order to meet Chaucer’s long term objectives. Ensure box records are properly recorded and updated, including client files. When required scanning and taking notes of underwriting information. Specific account analysis.
Assisting the Senior Cargo and Specie Underwriter in preparation of monthly Executive Report. Deputising for the Class Underwriter when absent at Divisional meetings. Peer Review of risks as allocated under the peer review selection criteria and responsibility matrix as set out in the Underwriting Manual.
Responsibility for the accuracy and upkeep of all written premium data on Charisma for all risks written within the area of responsibility. Liaison with Administration Department. Liaison with Claims Department. Reporting of issues to Head of Marine & Energy. Client liaison for allocated risks. Referral point for Assistant Underwriter. Reporting to Active Underwriter in absence of Head of Marine, Senior Cargo and Specie Underwriter.
Regulatory Responsibilities
Comply with all policies and procedures and ensure that due regard is paid to providing good customer outcomes and the fair treatment of customers. Manage the relationships with Customers, Agents and Service Providers:
- Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction
- Foster positive relationships with customers and attain an understanding of their needs
- Ensure that customer complaints are promptly identified, recorded and referred as appropriate
- Complete all required annual product review assessments to agreed timescales with approvals obtained and recorded
- Follow all Chaucer Group Product Governance processes in the UCM and obtain appropriate approvals
- Ensure that the principles of providing good customer outcomes and the fair treatment of customers are upheld by Agents and Service Providers.
Skills And Competencies
- Relevant marine insurance and underwriting experience
- Experience of negotiating with brokers and liaising with clients
- Understanding of business planning process
- Excel – Intermediate
- Organised and able to work to tight deadlines and manage multiple priorities
- Able to communicate with different levels and is adaptable
- Resilient and able to work in a pressured environment
- Works as part of a team
Education
ACII or very near completion
About Us
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, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world.
Deputy Class Underwriter - Cargo - Chaucer Group employer: Jobs via eFinancialCareers
Contact Detail:
Jobs via eFinancialCareers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Deputy Class Underwriter - Cargo - Chaucer Group
✨Tip Number 1
Networking is key! Get out there and connect with professionals in the marine insurance sector. Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for interviews like a pro! Research Chaucer Group thoroughly, understand their values, and be ready to discuss how your skills align with their needs. We recommend practising common interview questions and even role-playing with a friend to boost your confidence.
✨Tip Number 3
Showcase your expertise! Bring along examples of your previous work or case studies that highlight your underwriting experience. We want to see how you’ve tackled challenges in the past and how you can bring that knowledge to the Cargo and Specie portfolios.
✨Tip Number 4
Don’t forget to follow up! After your interview, send a thank-you email expressing your appreciation for the opportunity. It’s a great way to reinforce your interest in the position and keep you top of mind. And remember, apply through our website for the best chance!
We think you need these skills to ace Deputy Class Underwriter - Cargo - Chaucer Group
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Deputy Class Underwriter role. Highlight your relevant marine insurance and underwriting experience, and don’t forget to showcase your negotiation skills with brokers and clients!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the role. Mention specific experiences that relate to the Cargo and Specie portfolio and how you can contribute to Chaucer’s goals.
Showcase Your Skills: Don’t just list your skills; demonstrate them! If you have experience with pricing models or client relationship management, give examples of how you’ve used these skills in past roles to achieve results.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of all the amazing candidates like you!
How to prepare for a job interview at Jobs via eFinancialCareers
✨Know Your Underwriting Basics
Make sure you brush up on your marine insurance and underwriting knowledge. Understand the key principles of risk assessment and premium calculations, as these will likely come up during your interview. Being able to discuss specific examples from your experience will show that you're not just familiar with the theory but can apply it in practice.
✨Prepare for Negotiation Scenarios
Since negotiation is a big part of the role, think about past experiences where you've successfully negotiated terms or resolved conflicts. Be ready to share these stories and highlight your approach to building long-term client relationships. This will demonstrate your ability to handle the responsibilities outlined in the job description.
✨Familiarise Yourself with Pricing Models
Get comfortable with pricing models and methodologies relevant to the cargo account. If you have experience with specific tools or software, mention them. Showing that you can interpret model results and make adjustments will set you apart as a candidate who can contribute to the development of new pricing tools.
✨Showcase Your Team Spirit
This role requires collaboration with various departments, so be prepared to discuss how you work within a team. Share examples of how you've contributed to group projects or supported colleagues in achieving shared goals. Highlighting your adaptability and resilience in a pressured environment will resonate well with the interviewers.