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- Tasks: Join our underwriting teams to learn about marine insurance and client relationships.
- Company: Steamship Mutual, a unique marine insurance mutual Protection & Indemnity Club.
- Benefits: Hybrid working, private healthcare, and a comprehensive wellbeing programme.
- Other info: Gain free access to industry qualifications and enjoy a great work-life balance.
- Why this job: Kickstart your career in a supportive environment with clear growth opportunities.
- Qualifications: Bachelor’s degree required; analytical skills and teamwork are essential.
The predicted salary is between 25000 - 32000 ÂŁ per year.
Steamship Mutual is 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. A P&I underwriter’s role is to manage the key relationships with existing and prospective clients, as well to assess the risk each client brings and ensure a corresponding premium is charged.
Key Responsibilities
- 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.
- Complete at least modules 1 & 2 of the P&IQ, the industry’s formal qualification as part of the training.
Person Specification
- A bachelor’s degree is required; any subject is acceptable but mathematical, analytical, or modern language degrees may be more useful.
- 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.
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 a competitive hybrid working policy.
- Clear and transparent career pathway – offering continued support with enhancing your skills and creating employment development opportunities.
- 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.
- Competitive health subsidy and access to our comprehensive wellbeing and savings programme throughout the year, to support everyone’s mental and physical health.
Graduate Underwriting Executive employer: Steamship Mutual
Contact Detail:
Steamship Mutual Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Graduate Underwriting Executive
✨Tip Number 1
Network like a pro! Reach out to alumni from your university or professionals in the marine insurance sector. A friendly chat can open doors and give you insights that could set you apart.
✨Tip Number 2
Prepare for interviews by researching Steamship Mutual and the marine insurance industry. Show us you’re genuinely interested and ready to dive into the specifics of underwriting – it’ll impress the hiring team!
✨Tip Number 3
Practice your communication skills! Whether it’s through mock interviews or casual conversations, being able to articulate your thoughts clearly will help you shine during the interview process.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Graduate Underwriting Executive
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Graduate Underwriting Executive role. Highlight any analytical or mathematical coursework, and don’t forget to mention your teamwork experiences!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to express your enthusiasm for marine insurance and how your background makes you a great fit. Be sure to mention why you want to work with Steamship Mutual specifically.
Show Off Your Communication Skills: Since strong written communication is key for this role, make sure your application is clear and concise. Avoid jargon and keep your language professional yet approachable – we want to see your personality shine through!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Steamship Mutual
✨Know Your Marine Insurance Basics
Before the interview, brush up on the fundamentals of marine insurance and the role of a P&I underwriter. Understanding key terms and concepts will not only impress your interviewers but also help you answer questions more confidently.
✨Showcase Your Analytical Skills
Since the role requires strong analytical thinking, prepare examples from your academic or work experience where you've successfully analysed data or solved complex problems. Be ready to discuss how you approached these situations and what the outcomes were.
✨Demonstrate Team Spirit
Steamship Mutual values collaboration, so think of instances where you've worked effectively in a team. Highlight your ability to communicate clearly and support your teammates, as this will resonate well with their company culture.
✨Ask Insightful Questions
Prepare thoughtful questions about the company, the underwriting teams, and the training modules. This shows your genuine interest in the role and helps you assess if the company is the right fit for you. Plus, it gives you a chance to engage with your interviewers!