Graduate Underwriting Executive in London

About the company

Steamship Mutual is a P&I insurance company, with 250 employees worldwide. The main office is based near Liverpool Street station, London. We have offices in Bermuda, Brazil, Cyprus, Greece, Hong Kong, New York, Japan, and Singapore.

Overall Job Purpose:

Steamship Mutual are looking for two motivated university graduates interested in developing an underwriting career in a unique marine insurance sector. As a mutual Protection & Indemnity Club, Steamship insures shipowners and charterers from all around the World. Although the main office is in London, the Club has offices in major shipping centres, which allows it to service its clients in those regions in cooperation with London. A P&I underwriter’s role is to manage the key relationships with existing and prospective clients, as well to assess the risk which each client brings and ensure a corresponding premium is charged.

Requirements

As a new recruit you will spend 6 months in each of the three London based underwriting teams, learning about our clients in the Americas, Europe, and Asia and supporting the teams in performing their tasks. Time will also be spent with the Claims and Loss Prevention departments, as well as learning about reinsurance and finance. Recruits will be expected to complete at least modules 1 & 2 of the P&I Q, the industry’s formal qualification as part of their training.

• A bachelor’s degree is required (we are certainly open to degree subjects, but some can be more useful for our business such as mathematical or analytical subjects and modern languages).
• Desire to learn and a motivation to work hard on the necessary skills to build a successful career.
• Demonstrates strong analytical thinking paired with clear, concise written and verbal communication.
• Shows a collaborative working style, with a positive attitude and enthusiasm for teamwork.
• Confident using Microsoft Office applications and comfortable working with databases.
• “Can do” attitude.
• Strong written and verbal communication skills.
• Ability to ask the right questions and seek help where appropriate.

Benefits

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.