Graduate - Underwriting Portfolio Management

Chaucer; City of Westminster; Hybrid; GBP 34,000; Full time

Job summary

A leading insurance group in London seeks a candidate for its Underwriting Strategy team. The role focuses on developing and implementing the underwriting strategy, monitoring performance, and enhancing processes. Ideal applicants have a minimum 2.2 degree, A-Levels, GCSE in Maths and English, and strong analytical and IT skills. Competitive salary starts at £34,000, with various benefits including flexible working, private medical insurance, and a signing-on bonus. Join us to help shape the future of underwriting!

Benefits

Private medical insurance

Pension

Season ticket loan

Flexible options with monthly tech allowance

Gym membership

Cycle-to-work schemes

Charitable donations

CSR days

Qualifications

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

Responsibilities

• Develop and implement underwriting strategy through analysis and research.
• Monitor underwriting performance and influence portfolio optimisation.
• Implement governance framework and processes for monitoring adherence.
• Improve underwriting process efficiency and consistency.

Skills

Analytical Skills

Strong Communication

Collaboration

IT Skills (Excel)

Education

Minimum 2.2 degree in any discipline

3 or more A-Levels (A–C)

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

Job description

The Underwriting Strategy and Central Portfolio Management team works at the heart of the business, within underwriting, aiming to develop and implement an Underwriting Strategy that aligns with the Group Strategy, underpinned by a robust Portfolio Management and Underwriting Oversight Framework. The team reports into the Chief Underwriting Officer and works closely with the Underwriting teams. The team has four main workstreams: Underwriting (UW) Strategy, Portfolio Management, Governance Framework and Underwriting Operational Change. This role will provide the opportunity to extensively work with underwriting teams and other key stakeholders across the business to deliver the team's objectives. Chaucer has a strong collegiate culture where proactive and inquisitive behaviour is encouraged. Our 24‑month rotational programme gives you the opportunity to work in each of the main teams within this area.

Workstreams

• UW Strategy: develop and implement Chaucer's strategy through targeted analysis, research and market intelligence work.
• UW Performance: analyse and monitor underwriting performance, underlying drivers, trends, opportunities and influence portfolio optimisation.
• UW Governance: develop and implement 1st line of defence governance framework, develop processes to monitor, analyse, identify and report adherence to the framework, drive UW ownership of actions.
• UW Operational Change: improve underwriting process efficiency and consistency across classes; working with the Change team; provide clarity to UW teams on roles and responsibilities; monitor adherence to processes; be the conduit between UW and Operations.

Distribution

In addition to the above, you will also work with the Distribution team, whose objective is to have a clear broker and client engagement strategy.

Are You a Good Fit?

• Love working with facts and figures?
• 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?

Job Requirements

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

Location & Working Patterns

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.

About Chaucer

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.

Salary & Benefits

£34,000 with extra qualification rewards, £500 signing‑on bonus, 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 real difference to local communities and charities that matter to you.

Development

• Challenging, stretching and rewarding work right from the start in each placement.
• Full support and guidance to achieve your Level 4 Insurance Professional apprenticeship standard which incorporates the DIPCII qualification.
• A personalised 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.