Delegated Authority Portfolio Specialist - Marine

Chaucer Syndicates Ltd; Greater London; Hybrid; GBP 70,000 - 100,000; Full time

Benefits offered by this job

Hybrid work model

Competitive benefits

Job summary

Chaucer is seeking a Delegated Authority Portfolio Specialist to join the Marine underwriting team. You will implement and manage delegated authority portfolios, oversee risk governance, data analytics, endorsements, and broker/client relationships across Lloyd's London Market.

You will interpret underwriting data, support portfolio strategy, and collaborate with cross-functional teams, with potential travel. ACII qualification or progress toward completion is preferred.

Qualifications

• Delegated Underwriting experience specific to the Lloyd's London Market.
• Experience of negotiating with brokers and liaising with clients.
• Understanding of business planning process.
• 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
• Works as part of a team

Responsibilities

• Managing the full suite of delegated portfolio processes including initial setup, weekly management and renewal.
• Agreement of endorsements / amendments / promised lines in accordance with underwriting authority.
• Agreement of special acceptances and referrals to binding authorities, line-slips and treaties.
• 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.
• To interpret, prepare and analyse underwriting data to provide comprehensive modelling information to support the underwriting process.
• Ensure underwriting records are properly recorded and updated, including client files.
• Contribute to the successful implementation of business segmentation monitoring / management to allow the team to pursue optimal portfolio strategy.
• Responsibility for the accuracy and upkeep of all written premium data on Chaucer systems for all risks written within the area of responsibility.
• Liaise with other business areas within Chaucer as required to ensure effective management of the account including the delegated underwriting team, credit control, compliance, claims, exposure management, internal risk review and actuarial functions

Skills

Delegated underwriting

Broker negotiations

Business planning

Organised / multitask

Communication

Resilience

Teamwork

Education

ACII qualification or progress

Job description

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.

Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, to be closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com

Job Profile Summary

The Delegated Authority Portfolio Specialist will work within the Marine underwriting team, specifically implementing and managing their successful delegated authority business in this specialist class as well as supporting daily internal stakeholder and external coverholder relationships. This is a dynamic market leading international team that wants to continue to innovate marine portfolio development and new commercial outcomes.

Job Description

• Managing the full suite of delegated portfolio processes including initial setup, weekly management and renewal. This will include risk governance, assessment, data and portfolio analytics, compliance and regulatory oversight and relationship oversight.
• Agreement of endorsements / amendments / promised lines in accordance with underwriting authority.
• Agreement of special acceptances and referrals to binding authorities, line-slips and treaties.
• 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.
• To interpret, prepare and analyse underwriting data to provide comprehensive modelling information to support the underwriting process.
• Ensure underwriting records are properly recorded and updated, including client files.
• Contribute to the successful implementation of business segmentation monitoring / management to allow the team to pursue optimal portfolio strategy.
• Responsibility for the accuracy and upkeep of all written premium data on Chaucer systems for all risks written within the area of responsibility.
• Liaise with other business areas within Chaucer as required to ensure effective management of the account including the delegated underwriting team, credit control, compliance, claims, exposure management, internal risk review and actuarial functions

Regulatory Responsibilities

Comply with all policies and procedures and ensure that due regard is paid to providing good customer outcomes and the fair treatment of customers.

Manage the relationships with Customers, Agents and Service Providers

Skills and Competencies

• Delegated Underwriting experience specific to the Lloyd's London Market
• Experience of negotiating with brokers and liaising with clients.
• Understanding of business planning process.
• 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
• Works as part of a team

Education

• ACII Qualification (or equivalent), or making good progress towards completion

Why Join Chaucer?

Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk-from nuclear, shipping, manufacturing, and property. Headquartered in London, with offices in Copenhagen, Bermuda, Sydney, Ireland, Miami, Dubai, and Singapore, we're close to our clients wherever they are.

We have shown strong financial success with our Gross Written Premiums growing from $1.4bn in 2019 to $3.5bn in 2024. Backed by strong teams, platforms, and client relationships, Chaucer is poised for continued success.

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.