Marine Cargo Underwriter

Nexus Underwriting; London; On-site; GBP 55,000 - 80,000; Full time

Job summary

Nexus Underwriting is seeking a Marine Cargo Underwriter to support senior underwriters by evaluating risks and ensuring compliance with industry standards. This full-time role involves critical decision-making based on data analysis and offers a chance to develop within a niche market of marine cargo business in London. Ideal candidates will possess 3-5 years of marine insurance experience, strong analytical skills, and a commitment to precision.

Qualifications

• 3-5 years experience in marine cargo Insurance.
• University degree preferred in finance, mathematics, or business.
• CII qualification is a plus.

Responsibilities

• Assist in evaluating new and renewal marine risks.
• Analyze client submissions and assess loss ratios.
• Ensure compliance with underwriting authorities.

Skills

Numerical proficiency

Analytical mindset

Communication skills

Negotiation skills

Attention to detail

Education

University degree in finance, mathematics, or business

CII qualification or equivalent

Tools

MS Excel

Job description

Direct message the job poster from Nexus Underwriting

Recruiting Talented Insurance Professionals

This position would ideally suit a Broker who is looking to transition into Underwriter role or an Underwriter looking to further their career and knowledge.

As a Marine Cargo Underwriter, you will be at the heart of our underwriting operations, supporting senior underwriters in making strategic, data-driven decisions. From risk evaluation to policy administration, you’ll play a pivotal role in shaping profitable underwriting outcomes while ensuring seamless execution.

This is an excellent opportunity to join an MGA which has a small cargo unit holding a niche portfolio of profitable marine cargo business.

Responsibilities:

• Underwriting Support: Assist in evaluating new and renewal marine risks in line with company guidelines, ensuring a balanced portfolio.
• Data-Driven Decision-Making: Analyze client submissions, review claims history, assess loss ratios, and contribute to pricing discussions.
• Risk Assessment & Compliance: Ensure all underwriting decisions align with treaty conditions, underwriting authorities, and regulatory requirements.
• Portfolio Management: Assist in analyzing the performance of our cargo book, identifying trends, and recommending corrective actions if needed.
• Technical Execution: Accurately enter marine risks into Nexus accounting systems, ensuring precise data for reporting and analysis.
• Reporting & Analytics: Prepare underwriting reports on cover-holder agreements, helping underwriters assess portfolio performance.
• Broker & Client Engagement: Coordinate with brokers and clients to obtain additional underwriting information, clarify policy terms, and ensure smooth placements.
• Operational Efficiency: Assist in policy construction, issuance, endorsements, declarations, and premium calculations with a focus on accuracy and timeliness.
• Contribute to the creation of new business opportunities and strategic partnerships.
• Market Awareness: Conduct research on market trends, pricing strategies, and competitor activities to support business development initiatives.

Requirements:

• Experience: 3-5 years in marine cargo Insurance.
• Education: A university degree with a finance, mathematics, or business focus is preferred. A CII qualification or equivalent is a plus.
• Technical Skills: Strong numerical proficiency with experience in MS Excel for underwriting analysis and reporting.
• Soft Skills:
• Sharp analytical mindset – you can spot underwriting patterns and assess risks effectively.
• Strong communication and negotiation skills – you’re comfortable interacting with brokers and clients.
• Meticulous attention to detail – ensuring underwriting precision in every transaction.
• Language: Fluency in English is required

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Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Business Development and Administrative

• Industries

  Insurance

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