Trainee Underwriter

Reports to: Portfolio Underwriter

To provide underwriting support and actively underwrite accounts within the designated team and region. This position plays a vital role in enhancing the underwriting capabilities and delivering exceptional service to brokers and clients.

Key Responsibilities

• Underwrite accounts as directed by the Portfolio Underwriter.
• Engage directly with brokers and clients on day-to-day underwriting matters.
• Proactively support new business acquisition and retention of existing clients in line with underwriting guidelines.
• Demonstrate a comprehensive understanding of risk assessment and technical underwriting across all product categories.
• Develop and maintain a strong knowledge of cover wordings, terms and conditions, and relevant insurance clauses.
• Apply sound knowledge of liability, negligence, and cargo all risks when underwriting.
• Formulate and negotiate insurance terms and conditions within the parameters of underwriting guidelines.
• Manage underwriting tasks, including preparing quotations, confirming cover, and issuing policies.
• Ensure prompt and accurate handling of underwriting and new business inquiries, prioritizing key accounts and targets.
• Prepare thoroughly for renewals, particularly for accounts identified as vulnerable, and liaise with senior underwriters to agree on strategies.
• Collaborate with claims executives to remain informed on claims developments.
• Ensure all underwriting administration is completed accurately and within agreed turnaround times, adhering to contract certainty requirements.
• Regularly review data and reports to verify the accuracy of underwriting processes and records.
• Consistently deliver excellent service to clients and brokers, identifying opportunities to enhance the company’s offering.
• Coordinate credit control activities effectively.
• Utilize underwriting systems efficiently and in compliance with internal standards.

Person Specification

• 2+ Years experience in Marine Insurance
• A solid understanding of underwriting policies, strategy, and technical processes.
• Excellent communication and customer service skills, with the ability to engage effectively with internal and external stakeholders.
• Strong analytical and problem-solving abilities with critical thinking skills.
• Strong organizational skills with the ability to prioritize tasks and manage time effectively.
• Proficiency in IT, particularly Microsoft Excel, and the ability to adapt to bespoke systems.
• High level of accuracy and attention to detail.
• Demonstrates teamwork and collaboration while also being capable of working independently.
• Willingness to travel as required in the future.
• Actively working towards the Diploma in Insurance (DipCII) or equivalent qualifications.
• Strong presentation skills and the ability to explain complex concepts clearly.

Why Join Us?

We are committed to fostering a diverse and inclusive workplace where individuals from all backgrounds and experiences are encouraged to apply. Whether you’re new to the industry, returning to work after a career break, or seeking the next step in your professional journey, we’d love to hear from you.