At a Glance
- Tasks: Lead and inspire a team in underwriting performance and business development.
- Company: Join Steamship Mutual, a global P&I insurance leader with a supportive culture.
- Benefits: Enjoy hybrid working, private healthcare, and a clear career pathway.
- Other info: Be part of a collaborative environment that values integrity and excellence.
- Why this job: Make a real impact in the marine insurance industry while developing your skills.
- Qualifications: Proven underwriting management experience and outstanding communication skills required.
The predicted salary is between 80000 - 100000 £ per year.
About the company
Steamship Mutual is a P&I insurance company, with 250 employees worldwide. We have offices in London, Bermuda, Brazil, Cyprus, Greece, Hong Kong, Japan, Singapore and New York.
Overall Job Purpose
Responsibility for underwriting performance of assigned team, staff management, motivation, and development. To provide underwriting, technical support, assist in the development and management of a profitable business according to the Company business plan.
Key Responsibilities
- Responsibility for underwriting Members in the United States and Canada.
- To liaise closely with existing Members, prospective targets, and the broking community in advancing the Company aims.
- To handle and assign underwriting tasks in line with company procedures.
- To review contract wordings to ensure the terms are covered by the IG Pooling Agreement or such other reinsurance as may be in place.
- To operate effective risk management and credit controls.
- To initiate loss prevention action where necessary.
- To manage the development of the business within assigned areas of responsibility and identify areas of additional service that will add value to the Member/Club relationship within agreed parameters of existing and potential business.
- To assist the Head of Underwriting in implementing underwriting strategy within the Syndicate, in forward planning operations and by making recommendations for future requirements.
- To provide effective communication of underwriting issues within the assigned underwriting team.
- To allocate monitoring and supervision of underwriting work to ensure that service levels are met.
- To ensure all members of the assigned underwriting team adhere to company wide operating procedures.
- To assist and help to develop team knowledge and skills – CPD.
- To conduct annual appraisals of direct reports (with Head of Underwriting for Syndicate).
- To produce Management Reports as required.
- To monitor and update underwriting procedures where necessary.
- To encourage and support an environment where a process of continuous improvement can flourish and foster the Company culture.
- To attend training and to develop relevant knowledge and skills.
- To travel as required.
- Representation at industry events and speaking requirements where necessary.
- To take on any responsibilities or tasks which are within the scope of personal skills and abilities whenever reasonably instructed.
Person Specification
- Proven Underwriting management experience gained from working at another P&I Club and/or marine insurer, marine insurance broker or shipowner.
- The ability to mentor and inspire team members, including the ability to develop underwriting expertise, training, and development.
- Outstanding communication skills, including negotiating, presenting, and reporting (written and verbal).
- You will be a thought leader with the ability to acquire new business, develop existing business relationships both internally and externally.
- Be aware of current market issues, well-connected and able to build relationships with brokers and Members.
- Proactive and able to use own initiative.
What you will get
- Joining our collaborative, supportive and friendly working environment, you will enjoy a rewarding career with the opportunity to build on your existing skills and knowledge.
- We offer great work life balance initiatives, including competitive hybrid working policy.
- Clear and transparent career pathway – offering you continued support with enhancing your skills and creating employment development opportunities.
- We offer free educational access to the Protection & Indemnity Qualification, created by the International Group of P&I Clubs.
- An attractive benefits package which includes private healthcare.
- We also provide competitive health subsidy, and access to our comprehensive wellbeing and savings programme throughout the year, to create an environment that supports everyone’s mental and physical health.
Company Values
- Mutuality - ensuring fairness amongst Club Members.
- Integrity - upholding high ethical, legal, and regulatory standards.
- Safety and Sustainability - contributing to safety of life at sea and the preservation of the environment.
- Transparency - building strong relationships based on trust and open communication.
- Excellence - enabling our people to realise their full potential as team members, industry experts, leaders, and managers.
- Collaborative - embracing flexibility, diversity, and inclusivity.
Steamship Insurance Management Services Ltd is committed to providing a great service to all our members. We pride ourselves on offering a people-centred culture that provides mutual respect and support for all our staff, and we welcome and encourage you to apply.
Underwriting Director employer: Steamship Insurance Management Services Ltd
At Steamship Mutual, we pride ourselves on fostering a collaborative and supportive work environment that prioritises employee well-being and professional growth. As an Underwriting Director, you will benefit from a clear career pathway, access to educational resources, and a competitive hybrid working policy, all while contributing to our mission of mutuality and excellence in the P&I insurance sector. Join us in a role that not only offers meaningful challenges but also supports your development in a culture of integrity and transparency.
Contact Details:
Steamship Insurance Management Services Ltd Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Director
✨Tip Number 1
Network like a pro! Get out there and connect with industry folks, especially those in marine insurance. Attend events, join forums, and don’t be shy to reach out on LinkedIn. The more people you know, the better your chances of landing that Underwriting Director role!
✨Tip Number 2
Show off your expertise! Prepare to discuss your past underwriting experiences and how you've managed teams effectively. Be ready to share specific examples of how you've developed business relationships and improved performance. This will set you apart from the competition.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your communication skills. Focus on articulating your thoughts clearly and confidently, especially when discussing complex underwriting concepts. We want you to shine during the real deal!
✨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 our team at Steamship Mutual. Let’s make this happen together!
We think you need these skills to ace Underwriting Director
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriting Director role. Highlight your relevant experience in underwriting management and any specific achievements that align with the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role at Steamship Mutual. Share your passion for underwriting and how your skills can help us achieve our business goals.
Showcase Your Communication Skills:Since outstanding communication is key for this role, make sure your application reflects your ability to convey ideas clearly. Whether it's through your CV or cover letter, we want to see your negotiating and presenting skills in action!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to the right people. Plus, it shows us you’re proactive and keen to join our collaborative team!
How to prepare for a job interview at Steamship Insurance Management Services Ltd
✨Know Your Underwriting Stuff
Make sure you brush up on your underwriting knowledge, especially in the P&I insurance sector. Familiarise yourself with current market trends and issues, as well as the specifics of the IG Pooling Agreement. This will show that you're not just a candidate, but a thought leader ready to contribute.
✨Showcase Your Leadership Skills
Since the role involves managing and motivating a team, be prepared to discuss your leadership style. Share examples of how you've mentored team members or improved team performance in previous roles. Highlight your ability to inspire and develop others, as this is key for the Underwriting Director position.
✨Communicate Effectively
Outstanding communication skills are a must for this role. Practice articulating your thoughts clearly and confidently, both verbally and in writing. Be ready to demonstrate your negotiation and presentation skills during the interview, as these will be crucial when liaising with Members and brokers.
✨Embrace the Company Values
Familiarise yourself with Steamship Mutual's values like mutuality, integrity, and collaboration. During the interview, weave these values into your responses to show that you align with their culture. Discuss how you can contribute to a supportive and inclusive environment, which is something they truly value.
