Underwriting Assistant - Marine

Chaucer; London; On-site; GBP 30,000 - 50,000; Full time

Job summary

An established industry player is seeking a detail-oriented Underwriting Assistant to support their underwriting and pricing teams. This role involves data capture, developing, and enhancing pricing models for Hull, Cargo & Specie. You will work closely with underwriters and data analysts to ensure accurate risk assessments and pricing decisions. If you have a passion for insurance underwriting and possess excellent analytical skills, this opportunity is perfect for you. Join a forward-thinking company that values diversity and promotes a culture of inclusion, while providing you with the tools to succeed in your career.

Qualifications

• Detail-oriented with a keen interest in insurance underwriting and pricing.
• Experience in data capture and improving pricing models.

Responsibilities

• Input underwriting data into pricing models for risk assessments.
• Collaborate with underwriters and data analysts for accurate pricing.

Skills

Analytical Skills

Attention to Detail

Communication Skills

Organizational Skills

Interpersonal Skills

Teamwork

Self-motivation

Education

3 'A' Levels or equivalent

Degree

Insurance Qualifications

Job description

Job Profile Summary

A detail-oriented Underwriting Assistant with a keen interest in insurance underwriting and pricing will support the underwriting and pricing teams in data capture, developing, and improving insurance pricing models for Hull, Cargo & Specie. The role involves working closely with underwriters, actuaries, and data analysts to ensure accurate risk assessment and pricing decisions. This role requires excellent analytical skills and attention to detail.

Job Description

1. Accurately input underwriting data into pricing models to generate risk assessments and premium calculations.
2. Ensure data entered aligns with underwriting guidelines, policy terms, and risk factors.
3. Review and validate model outputs to ensure consistency and accuracy in pricing recommendations.
4. Work closely with underwriters to interpret pricing model results and make necessary adjustments based on underwriting considerations.
5. Assist in the development and enhancement of new pricing tools and methodologies.
6. Collaborate with IT and pricing teams to troubleshoot and resolve model-related issues.
7. Gather and validate underwriting data required for pricing analysis.
8. Conduct regular audits to ensure data integrity and consistency across pricing models.
9. Assist in producing reports and insights for underwriters and senior management.
10. Provide training to underwriting teams on pricing models and tools when required.
11. Identify opportunities to improve the efficiency of pricing models.
12. Support ad hoc requests from senior management and the Head of Marine and Energy.

Regulatory Responsibilities

1. Assist with the completion of all required annual product review assessments, ensuring they are completed on time with approvals recorded.
2. Follow all Chaucer Group Product Governance processes in the UCM and obtain appropriate approvals.
3. Ensure that principles of providing good customer outcomes and fair treatment are upheld by agents and service providers.

Skills and Competencies

• Professional outlook supporting Chaucer’s values
• Attention to detail
• Excellent communication and presentation skills
• Proven interpersonal skills
• Excellent organizational skills
• Team player
• Self-motivated and enthusiastic

Education

• 3 ‘A’ Levels or equivalent, a Degree, or Insurance Qualifications

About Us

Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries worldwide from various risks. Our customers include major airlines, energy companies, shipping groups, global manufacturers, and property groups.

Our headquarters are in London, with international offices in Bermuda, Copenhagen, Dubai, and Singapore, to be closer to our clients globally. To learn more, please visit our website.

Chaucer is committed to diversity, actively valuing differences and respecting all individuals regardless of protected characteristics outlined in the Equality Act 2010 (UK) and the Equal Treatment Directive 2006 (EU). We promote a culture of inclusion, recruit from broad talent pools, and ensure our hiring processes are fair and merit-based. We also consider flexible working arrangements and encourage you to discuss your needs during the interview process.