At a Glance
- Tasks: Review and analyse complex cargo insurance submissions while managing risk and building relationships.
- Company: Join a leading global insurance firm known for its commitment to excellence and innovation.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for professional development.
- Why this job: Be part of a dynamic team that values collaboration and offers a chance to make a global impact.
- Qualifications: 5+ years in cargo or marine underwriting; CII qualified or studying towards it.
- Other info: This role is perfect for self-starters who thrive under pressure and value customer-first principles.
The predicted salary is between 78000 - 182000 £ per year.
Job Description
As a Senior Underwriter, Cargo, you will be at the heart of the cargo insurance operations-reviewing and analysing complex submissions, managing risk, and building meaningful broker and client relationships across the globe. You'll work closely with internal stakeholders to execute the business strategy and ensure consistent underwriting quality and performance.
- Salary: £130,000
- Location: The City of London
- Hybrid working
Key Responsibilities:
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Underwrite new and renewal cargo risks profitably and within delegated authority
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Analyse complex submissions and negotiate terms that maximise return while managing exposure
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Collaborate with global offices to ensure consistent process execution
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Build and grow broker relationships in the UK and internationally
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Maintain the highest standards in compliance, governance, and Treating Customers Fairly (TCF) principles
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Contribute to business planning, product development, and portfolio analysis
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Promote the company reputation through excellent service, responsiveness, and strategic engagement
Skills/Experience required:
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Minimum 5 years' experience in cargo or marine underwriting
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CII qualified (or studying towards it) and committed to ongoing professional development
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Deep understanding of the cargo/marine market and risk evaluation
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A self-starter who thrives under pressure and manages high volumes with precision
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Excellent communication and interpersonal skills-an active listener and confident negotiator
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Strong analytical mindset and a meticulous approach to data and documentation
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Collaborative team player with a customer-first attitude and global outlook
Senior Underwriter Cargo - LMA employer: LMA
Contact Detail:
LMA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter Cargo - LMA
✨Tip Number 1
Familiarise yourself with the latest trends and developments in the cargo insurance market. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the cargo and marine underwriting sectors. Attend industry events or join relevant online forums to connect with potential colleagues and brokers, which can provide valuable insights and possibly lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed risk and built relationships in previous roles. Having concrete stories ready will showcase your experience and ability to contribute to our team at StudySmarter.
✨Tip Number 4
Demonstrate your analytical skills by being ready to discuss how you approach complex submissions and negotiations. Highlighting your meticulous approach to data and documentation will set you apart as a strong candidate for this role.
We think you need these skills to ace Senior Underwriter Cargo - LMA
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in cargo or marine underwriting. Emphasise your analytical skills and any specific achievements that demonstrate your ability to manage risk and negotiate terms effectively.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the industry. Mention your understanding of the cargo/marine market and how your experience aligns with the company's goals. Be sure to showcase your communication skills and customer-first attitude.
Highlight Professional Development: Since the job requires CII qualifications or ongoing professional development, mention any relevant courses or certifications you have completed or are currently pursuing. This shows your commitment to growth in the field.
Showcase Relationship-Building Skills: Provide examples of how you've successfully built and maintained broker relationships in previous roles. This is crucial for the position, so demonstrating your interpersonal skills will strengthen your application.
How to prepare for a job interview at LMA
✨Showcase Your Underwriting Experience
Make sure to highlight your minimum 5 years of experience in cargo or marine underwriting. Be prepared to discuss specific cases where you successfully underwrote risks and how you managed exposure while maximising returns.
✨Demonstrate Analytical Skills
Since the role requires a strong analytical mindset, come ready with examples of how you've analysed complex submissions in the past. Discuss your approach to data evaluation and how it has influenced your decision-making process.
✨Emphasise Relationship Building
Building and growing broker relationships is key in this role. Share experiences where you've successfully developed meaningful relationships with brokers or clients, and how those relationships contributed to business success.
✨Prepare for Compliance Questions
Given the importance of compliance and governance in this position, be ready to discuss your understanding of Treating Customers Fairly (TCF) principles. Prepare to explain how you've maintained high standards in compliance in your previous roles.