Marine Cargo Underwriter

JR United Kingdom; London; On-site; GBP 40,000 - 65,000; Full time

Job summary

A leading company in marine insurance is seeking a Marine Cargo Underwriter with 3-5 years of experience to support underwriting operations. In this pivotal role, you will evaluate risks, manage portfolios, and engage with clients to ensure profitable underwriting outcomes. This is an exciting opportunity to work with a niche market and contribute to strategic decision-making.

Qualifications

• 3-5 years of experience in marine cargo insurance.
• Strong numerical proficiency with MS Excel.
• Fluency in English is required.

Responsibilities

• Assist in evaluating marine risks and ensuring a balanced portfolio.
• Contribute to pricing discussions and compliance with treaty conditions.
• Engage with brokers and clients to clarify policy terms.

Skills

Analytical mindset

Communication skills

Negotiation skills

Attention to detail

Numerical proficiency

Education

University degree in finance, mathematics, or business

CII qualification or equivalent

Tools

MS Excel

Job description

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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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