Graduate - Underwriting Portfolio Management

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

Job summary

An insurance group in London is seeking graduates for their Underwriting Portfolio Management programme. This 24-month rotational programme offers hands-on experience in UW Strategy, Performance, Governance, and Operational Change, where you will develop crucial skills and advance your career in underwriting. Candidates should have a minimum 2.2 degree, excellent analytical skills, and an unrestricted right to work in the UK. The programme provides robust training and the opportunity to secure a permanent position afterward.

Benefits

£34,000 salary

£500 signing bonus

26 days holiday plus options

Private medical insurance

Pension plan

Flexible tech product allowance

Qualifications

• Unrestricted right to work in the UK.
• Excellent IT skills, including Microsoft Excel.
• Ability to work collaboratively and build strong relationships.

Responsibilities

• Work in UW Strategy, Performance, Governance, and Operational Change.
• Analyse and monitor underwriting performance.
• Support the Distribution team with broker and client engagement.

Skills

Analytical skills

Communication skills

IT skills

Education

Minimum 2.2 degree in any discipline

3 or more A-Levels (A-C)

GCSE in Maths and English - grade 4 (C)

Tools

Microsoft Excel

Job description

Underwriting Portfolio Management graduate programme

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 have the opportunity to work with the Distribution team, whose objective is to have a clear broker and client engagement strategy.

The combination of this experience, along with the training and support we offer, will enable you to accelerate your career and develop into a well‑rounded Underwriting portfolio Management 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.
• 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 placement.
• Our 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.

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?

• 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?

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) (ideally with a STEM subject).
• 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.