Underwriter jobs in United Kingdom

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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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