At a Glance
- Tasks: Support underwriters in assessing new business opportunities and conducting due diligence checks.
- Company: Globally recognised marine insurer with a collaborative and dynamic culture.
- Benefits: Hybrid working arrangement, competitive salary, and opportunities for international travel.
- Other info: Engage with members and brokers while developing valuable market intelligence.
- Why this job: Join a team making waves in the marine insurance industry and grow your career.
- Qualifications: Degree-level education and 1-2 years of relevant experience required.
The predicted salary is between 36000 - 60000 £ per year.
Company Overview
We are a globally recognised marine insurer, providing Protection and Indemnity (P&I) cover to a diverse portfolio of shipowners and charterers. As a key member of the International Group of P&I Clubs, we provide tailored insurance covers to our international membership. Operating from offices in London, Hong Kong, Piraeus, Cyprus and Shanghai, we pride ourselves on delivering flexible, member-focused insurance solutions that meet the unique needs of the global shipping community. Our London headquarters serve as the hub for our operations, where we foster a collaborative and dynamic environment within a regulated framework, adhering to both financial and insurance regulatory standards.
The Opportunity
We are seeking a Deputy Underwriter to join our busy team based in London. This role offers a hybrid working arrangement.
Key Responsibilities
- Support underwriters in the assessment and evaluation of new business opportunities presented to the Association.
- Conduct due diligence checks on new and existing business in accordance with established underwriting guidelines.
- Assist in the evaluation and quotation process for new business and additions to existing portfolios.
- Participate in market engagement activities with Members, Assureds and brokers to support business development initiatives.
- Travel with underwriters to domestic and international markets as required for business development and relationship‑building.
- Prepare ship and renewal documentation for underwriter approval prior to entry into underwriting systems.
- Update and maintain underwriting system data to ensure accuracy of vessel details (e.g., name, flag, tonnage).
- Assist in the preparation and issuance of accounting documentation.
- Perform daily checks to verify system inputs from the previous day have been entered accurately.
- Support the annual production of Member and Assured account statements, including verification of accounting balances.
- Process laid‑up return applications as required.
- Review and encode application forms for new vessels and updates to underwriting data.
- Respond to account‑related queries raised by Members, Assureds, and brokers.
- Assist in preparing documentation for underwriters and issuing policy documentation following renewal, new entries, or amendments.
- Support the production of oil pollution documentation for CLC, USCG and ITOPF certification.
- Assist in producing Letters of Undertaking for mortgagee banks and provide annual renewal confirmations.
- Undertake additional administrative and clerical duties as assigned.
Personal Skills & Competencies
- Judgment: A strong understanding of mutual risk and the ability to evaluate business in line with the Association's underwriting guidelines.
- Teamwork: A collaborative approach with an appreciation of how the Association and the wider insurance market operate.
- Communication & Presentation: Ability to represent the Association professionally to Members, prospective Members and brokers.
- Market Intelligence: Capability to gather and interpret market intelligence efficiently through a developed network of contacts.
Education & Experience
- Degree‑level education.
- 1–2 years of relevant experience.
Technical Skills
- Strong IT proficiency with the ability to work effectively with underwriting systems.
Other Requirements
- Willingness to attend events outside standard working hours.
- Availability for international travel.
Role Objectives
- Ensure a consistent and disciplined approach to underwriting.
- Maintain an active market presence and strengthen business relationships.
- Manage and develop allocated accounts while contributing to new business growth.
- Maintain regular engagement with Members, prospective Members and brokers.
- Develop a thorough understanding of underwriting processes and internal operational requirements.
Salary Dependant on experience.
Deputy Underwriter in London employer: The London P&I Club
Contact Detail:
The London P&I Club Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Deputy Underwriter in London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the marine insurance industry. Attend events, join relevant groups on LinkedIn, and don’t be shy about reaching out to professionals for a chat. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its values. Understand their approach to underwriting and be ready to discuss how your skills align with their needs. We want you to shine, so practice common interview questions and think of examples that showcase your teamwork and communication skills.
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in leaving a positive impression. It shows your enthusiasm for the role and keeps you fresh in their minds. Plus, it’s a great opportunity to reiterate why you’re the perfect fit for the Deputy Underwriter position.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got all the latest job openings listed there, and applying directly can sometimes give you an edge. Make sure your application stands out by tailoring it to highlight your relevant experience and skills that match the job description.
We think you need these skills to ace Deputy Underwriter in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Deputy Underwriter role. Highlight relevant experience and skills that match the job description, especially your understanding of mutual risk and underwriting guidelines.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for our team. Share specific examples of your past experiences that demonstrate your teamwork and communication skills, as well as your ability to engage with Members and brokers.
Showcase Your Technical Skills: Since strong IT proficiency is key for this role, don’t forget to mention any relevant software or systems you’ve worked with. Let us know how you can effectively manage underwriting systems and maintain accurate data.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of it, so don’t miss out!
How to prepare for a job interview at The London P&I Club
✨Know Your Underwriting Basics
Before the interview, brush up on your understanding of underwriting principles, especially in the marine insurance sector. Familiarise yourself with terms like Protection and Indemnity (P&I) cover and how they apply to shipowners and charterers. This will show that you’re not just interested in the role but also understand the industry.
✨Showcase Your Team Spirit
Since teamwork is crucial for this role, prepare examples from your past experiences where you successfully collaborated with others. Think about times when you supported colleagues or contributed to a team project, as this will highlight your ability to work well within their dynamic environment.
✨Prepare for Market Engagement Questions
Expect questions about how you would engage with Members, Assureds, and brokers. Have a few strategies in mind for building relationships and gathering market intelligence. Demonstrating your proactive approach to business development will set you apart from other candidates.
✨Be Ready for Technical Questions
Since strong IT proficiency is essential, be prepared to discuss your experience with underwriting systems. If you’ve worked with specific software before, mention it. If not, express your willingness to learn and adapt quickly to new technologies, which is vital for maintaining accurate underwriting data.