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ABOUT US
Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Copenhagen, Miami, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com
Job Profile Summary
To assist the Senior Cargo and Specie Underwriters in all aspects of underwriting and management of the Cargo and Specie portfolio with specific responsibility for the growth of the Cargo account.
Job Description
- Agreement and negotiation of renewals and new business in accordance with underwriting authority and were appropriate, individual budgeted goals within the Cargo and Specie portfolios.
- Utilise pricing models to generate risk assessments and premium calculations, review and validate model outputs to ensure accuracy in pricing recommendations, interpret pricing model results and make necessary adjustments. Assist in the development and enhancement of new pricing tools and methodologies.
- Agreement of endorsements / amendments / promised lines in accordance with underwriting authority.
- Acceptance of individual declarations to specified line-slips.
- Agreement of special acceptances and referrals to binding authorities, line-slips and treaties.
- Pro-active Marketing to meet class and divisional budgets.
- Build on existing and develop new long term client relationships including where appropriate foreign travel.
- Build strong market peer group reputation.
- Participating on and where appropriate chairing special projects as and when required in order to meet Chaucer's long term objectives.
- Ensure box records are properly recorded and updated, including client files.
- When required scanning and taking notes of underwriting information.
- Specific account analysis.
- Assisting the Senior Cargo and Specie Underwriter in preparation of monthly Executive Report.
- Deputising for the Class Underwriter when absent at Divisional meetings.
- Peer Review of risks as allocated under the peer review selection criteria and responsibility matrix as set out in the Underwriting Manual.
- Responsibility for the accuracy and upkeep of all written premium data on Charisma for all risks written within the area of responsibility.
- Liaison with Administration Department.
- Liaison with Claims Department.
- Reporting of issues to Head of Marine & Energy
- Client liaison for allocated risks.
- Referral point for Assistant Underwriter.
- Reporting to Active Underwriter in absence of Head of Marine, Senior Cargo and Specie Underwriter
Skills and Competencies
- Relevant marine insurance and underwriting experience
- Experience of negotiating with brokers and liaising with clients
- Understanding of business planning process
- Excel - Intermediate
- Organised and able to work to tight deadlines and manage multiple priorities
- Able to communicate with different levels and is adaptable
- Resilient and able to work in a pressured environment
Education
Why Join Chaucer?
An established market leading Insurer, where over the past 5 years, the Chaucer Group has seen significant and successful growth. In 2019, we wrote $1.4bn of Gross Written Premium, closed 2023 with $2.7bn, and are on track to write well over $3bn in 2024.
This is an exciting time for Chaucer; we have the people, the platforms, the expertise and the relationships to continue our recent success. We will remain focussed on the areas where we can provide the most expertise and value to our brokers and clients.
We offer:
· A flexible hybrid work model that supports individual and team needs.
· A diverse, inclusive culture that values people for who they are.
· Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.
