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- Tasks: Assist in underwriting and managing the Cargo and Specie portfolio while driving growth.
- Company: Join 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: Collaborative team culture with excellent career development opportunities.
- Why this job: Make an impact in the insurance industry while building long-term client relationships.
- 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 in London employer: Jobs via eFinancialCareers
Contact Detail:
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StudySmarter Expert Advice 🤫
We think this is how you could land Deputy Class Underwriter - Cargo - Chaucer Group in London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the marine insurance industry. Attend events, join online forums, and don’t be shy about reaching out to potential colleagues on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching Chaucer Group and understanding their values and goals. Tailor your answers to show how your experience aligns with their needs, especially in underwriting and client relations. Practice common interview questions to boost your confidence!
✨Tip Number 3
Showcase your skills! Bring along examples of your work or case studies that highlight your underwriting expertise and negotiation skills. This will help you stand out and demonstrate your value to the team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining the Chaucer family. Good luck!
We think you need these skills to ace Deputy Class Underwriter - Cargo - Chaucer Group in London
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 experience and any specific skills that match the job description. We want to see how you can contribute to our Cargo and Specie portfolio!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how your experience aligns with our goals at Chaucer. We love seeing enthusiasm and a personal touch!
Showcase Your Negotiation Skills: Since negotiation is key in this role, be sure to include examples of your past experiences where you've successfully negotiated with brokers or clients. We want to know how you handle those crucial conversations!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Chaucer!
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. Prepare to discuss these scenarios in detail, highlighting your approach and the outcomes. This will demonstrate your ability to handle similar situations at Chaucer Group.
✨Familiarise Yourself with Pricing Models
Get comfortable with pricing models and methodologies relevant to the cargo account. Be ready to explain how you would validate model outputs and make adjustments based on your analysis. Showing that you can interpret and utilise these tools effectively will set you apart from other candidates.
✨Showcase Your Relationship-Building Skills
Chaucer values long-term client relationships, so be prepared to discuss how you've built and maintained relationships in previous roles. Think about specific strategies you've used to foster positive interactions and how you’ve handled customer complaints. This will highlight your customer-centric approach and adaptability.