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 competitive pay, hybrid working, private healthcare, and continuous learning opportunities.
- Other info: Embrace a collaborative environment with clear career pathways and a focus on wellbeing.
- Why this job: Make a real impact in the marine insurance industry while developing your career.
- 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 Mutual
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 a company that values integrity, mutuality, and excellence in the marine insurance sector.
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 at events or online. The more people you know, the better your chances of landing that Underwriting Director role.
✨Tip Number 2
Show off your expertise! When chatting with potential employers, highlight your underwriting management experience and how you've developed teams in the past. We want to see that you're not just a number cruncher but a leader.
✨Tip Number 3
Be proactive! If you spot a gap in the market or an opportunity for improvement, don’t hesitate to share your ideas. Companies love candidates who can think outside the box and bring fresh perspectives.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re all about transparency and fairness, so you’ll be in good hands with us.
We think you need these skills to ace Underwriting Director
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience that match the Underwriting Director role. Highlight your underwriting management experience and any relevant achievements to grab our attention!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team at Steamship Mutual. Share your passion for underwriting and how you can contribute to our goals.
Showcase Your Communication Skills:Since outstanding communication is key for this role, make sure your application is clear and concise. Use professional language but let your personality shine through – we want to get to know you!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the info you need about the role there!
How to prepare for a job interview at Steamship Mutual
✨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 specific needs of Members in the US and Canada. This will show that you're not just a candidate, but someone who understands the industry inside out.
✨Showcase Your Leadership Skills
Since the role involves managing and motivating a team, be ready to share examples of how you've successfully led teams in the past. Highlight your mentoring abilities and how you've developed others' skills. This will demonstrate that you can inspire and elevate your future team at Steamship Mutual.
✨Communicate Clearly and Confidently
Outstanding communication is key for this role. Practice articulating your thoughts clearly, whether it's about underwriting strategies or team management. Be prepared to discuss how you would handle negotiations and present reports, as these are crucial aspects of the job.
✨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. This will help you stand out as a candidate who not only fits the role but also embodies the company's ethos.
