Marine and Energy Liability Underwriter

Marine and Energy Liability Underwriter

Full-Time 63000 - 77000 £ / year (est.) On-site
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At a Glance

  • Tasks: Underwrite Marine and Energy Liability, develop business opportunities, and ensure compliance with regulations.
  • Company: Join a forward-thinking insurance company dedicated to making a difference.
  • Benefits: Competitive salary, professional development, and a supportive team environment.
  • Other info: Dynamic role with opportunities for career growth in London.
  • Why this job: Shape the future of insurance while helping customers achieve their goals.
  • Qualifications: 5+ years in Marine and Energy Liability Underwriting and strong communication skills.

The predicted salary is between 63000 - 77000 £ per year.

INTL Underwriter I - UW08YY

We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies.

Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too.

Join our team as we help shape the future.

This role will be based in London, UK and you are required to have the necessary right to work details prior to application.

Purpose Of The Job

As a part of the Marine and Energy Liability Team the candidate will help to underwrite a profitable ML/EL book.

We are a customer centric organisation and the successful candidate will help to create strong customer outcomes while providing a quality service to our business partners.

  • Reporting Relationships
  • Reports directly to Portfolio Manager for Marine and Energy Liability.
  • Works in close co-operation with team colleagues.
  • Job Responsibility And Competence
  • Key Accountabilities
  • Use authority granted in Underwriting Authority Statement to execute on the London Market Marine and Energy Liability business plan.
  • Provide assistance and technical underwriting support to the Marine and Energy Liability Underwriting teams.
  • Develop and research business opportunities both through London Market brokers and Hartford International Offices.
  • Develop and use technical expertise to enhance profitability of renewals and add profitable new opportunities to the book.
  • Keep abreast of development of claims within the Marine and Energy Liability book and to liaise with the claims team as necessary to ensure appropriate settlement of these claims.
  • Ensure compliance with Hartford best practice and policies and Lloyd’s regulations at all times.
  • Act in the capacity of a PRA/FCA Approved Person with responsibility for controlled functions and as such complying at all times with the PRA/FCA Statements of Principle for Approved Persons.
  • Assist in further development of systems for the monitoring and reporting of aggregate exposures.
  • Help further develop and maintain technical pricing models.
  • Help report to management, on a monthly basis, of developments in the London market Marine and Energy Liability accounts towards business plan and budget.
  • Running and producing internal reports and figures.
  • Contribute, as required, to the quarterly and annual reporting of underwriting results.
  • Participate as required in various committees, including underwriting, delegated underwriting, operations and risk.
  • Procedures
  • Ensures that all policies and procedures are adhered to.
  • Adhere to any common standards set across the company and ensures that policies and procedures are adequately documented.
  • Undertake continued Professional Development and comply with The Hartford procedures.
  • Other Duties
  • The job description is intended to describe the main duties only.

Job holders are expected to maintain flexibility and perform all other reasonable duties that relate to the job as assigned by The Hartford.

Qualifications And Capabilities

  • Reasonable standard of education.
  • Ability to develop and sustain relationships with internal and external customers.
  • Ability to prioritise and organise workload.
  • Attention to detail.
  • Team player with ability to work on a stand-alone basis.
  • Flexible.
  • Good communication skills.
  • Experience of identifying and implementing better processes.

Experience

  • Relevant experience of Marine and Energy Liability Underwriting.
  • Current or recent role in London Market.
  • 5+ years experience.
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Marine and Energy Liability Underwriter employer: The Hartford

As a leading insurance company, we pride ourselves on fostering a culture of innovation and collaboration, where every team member is empowered to make a meaningful impact. Located in the heart of the UK, we offer competitive benefits, professional development opportunities, and a supportive environment that encourages personal and career growth. Join us to be part of a dynamic team dedicated to shaping the future of small business insurance while achieving your own aspirations.

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Contact Details:

The Hartford Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Marine and Energy Liability Underwriter

✨Dive Into Industry Networking Events

Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.

✨Use LinkedIn to Your Advantage

Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like The Hartford). A thoughtful message explaining your interest can really make a difference!

✨Look Out for Graduate Schemes

Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.

✨Leverage Your Current Connections

Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like The Hartford. Don’t shy away from asking for a coffee chat; you never know what doors it might open!

We think you need these skills to ace Marine and Energy Liability Underwriter

Marine and Energy Liability Underwriting
Technical Underwriting Support
Business Development
Claims Management
Compliance with Lloyd’s Regulations
PRA/FCA Approved Person Responsibilities
Technical Pricing Models

Some tips for your application 🫡

Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.

Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.

Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at The Hartford.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at The Hartford. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.

How to prepare for a job interview at The Hartford

✨Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at The Hartford to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.

✨Showcase Your Analytical Side

In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!

✨Prepare for Behavioural Questions

As a full-timer at The Hartford, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.

✨Know the Company Culture Inside Out

Understanding The Hartford's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.