Graduate - Underwriting

Chaucer; Greater London; Hybrid; GBP 34,000; Full time

Job summary

A leading speciality insurance group in London is offering an Underwriting Graduate Programme designed for graduates with strong numerical skills. Over 24 months, you will rotate through various divisions of underwriting, gaining hands-on experience and training. The role requires a minimum 2.2 degree and strong IT and communication skills. Successful candidates will have an opportunity to secure permanent positions upon completion of the programme. A competitive salary and additional benefits, including a signing bonus, are also provided.

Benefits

£34,000 base salary

£500 signing bonus

26 days holiday plus buy/sell options

Private medical insurance

Pension scheme

Monthly tech allowance

Gym membership benefits

Qualifications

• Unrestricted right to work in the UK.
• Excellent numerical and analytical skills.
• Ability to communicate complex information simply.

Responsibilities

• Participate in a 24-month rotational programme across various underwriting divisions.
• Assess risks and develop pricing strategies.
• Collaborate with teams to achieve targets.

Skills

Numerical analysis

Communication

Problem-solving

Team collaboration

IT skills

Education

Minimum 2.2 degree in any discipline

3 or more A-Levels or equivalent (A-C)

GCSE in Maths and English - grade 4 (C) or equivalent

Tools

Microsoft Excel

Job description

Underwriting graduate programme

Underwriting is what we do, as a leading speciality insurance and reinsurance group we find a way to protect business activities across the globe.

(Re)insurance underwriters analyse and appraise the global risks involved in insuring people and their assets. In a nutshell, the job is to choose what risks Chaucer will insure and for how much. To get equipped for this, underwriters are trained in specialist risk assessment and pricing skills.

Our 24month rotational programme gives you the opportunity to work across a breadth of our (Re)insurance underwriting divisions, for example you may spend time inReinsurance, Cyber, Casualty, Energy, Marine, Political and Property.

Through our proven approach you’ll develop your expertise in every aspect of underwriting. We’ll begin with an initial introduction of the risk by the broker, through to assessment of the coverage needed up to policy pricing and account management.

The combination of this experience, along with the training and support we offer, will enable you to advance your career and develop into a skilled underwriting professional.

Why Chaucer

We empower our people to excel. Our people are a team of leaders. Experts in their fields, top performers – who collaborate, without hierarchy. Together we’ve created an exciting and successful business, and we know that it’s our people who define and drive this success. That’s why the growth, development and wellbeing of our employees is so important to us. We work hard to make sure careers at Chaucer are challenging, inspiring and rewarding and that the environment is ambitious and supportive.

Location

London, at our offices in the Scalpel building in the heart of the city.We offer hybrid working, with a mix of office and home days that works for you and the team.

What we offer

• £34,000 with extra qualification rewards
• £500 signing on bonus to help you get ready to start
• 26 days holiday plus option to buy or sell to meet your needs
• 2 year fixed term contract with the opportunity to apply for permanent roles at the end
• Enjoy excellent benefits such as private medical insurance, pension, season ticket loan, and flexible options with a £175 monthly allowance for tech products, gym membership, cycle-to-work schemes, or charitable donations.

You also get 2 CSR days where you get the opportunity to make a really difference to local communities and charities that matter to you.

Your Development – You’ll get

• Challenging, stretching and rewarding work right from the start in each area of our Underwriting divisions.
• Our full support and guidance to achieve your Level 4 Insurance Professional apprenticeship standard which incorporates the DIPCII qualification.
• A structured development plan to support your professional and soft skills development
• An in-house experienced buddy and mentor, to help show you the ropes and support you on your journey
• lots of opportunities to get involved in groups outside of your day to day work to grow your network, learn from others and give back to the community through our CSR initiatives.

After the programme

At the end of the programme, you will have the opportunity to apply for a permanent role in one of our teams. We want to continue to grow our talent and will support your development to progress your career as an underwriter and become ACII qualified.

Is it the graduate programme for you?

• Comfortable working with numbers?
• Enjoy working through complex analytical information and problems and getting stuck into a challenge?
• Are you able to communicate the complicated in a simple way?
• Do you enjoy working collaboratively and building strong relationships?

If this sounds like you, and you want to continuously learn and go the extra mile this is the programme for you.

What you need

• Unrestricted right to work in the UK
• A minimum 2.2 degree in any discipline
• 3 or more A-Levels or equivalent (A-C)
• GCSE in Maths and English - grade 4 (C) or equivalent
• Excellent IT skills, including Microsoft Excel

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 Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.