Assistant Underwriter - Property Delegated Authority

Chaucer Syndicates Ltd; City of London; Hybrid; GBP 30,000 - 45,000; Full time

Job summary

A leading global insurance group in London is seeking an Assistant Underwriter for the Property Delegated Authority team. Responsibilities include supporting underwriters, managing relationships with clients and brokers, and providing comprehensive risk analyses. Candidates should be ACII qualified or studying towards it, with strong skills in Microsoft Office and advanced Excel. The position offers a flexible hybrid work model and extensive benefits.

Benefits

Flexible hybrid work model

Diverse, inclusive culture

Medical, life, and pension cover

Qualifications

• Technical proficiency in Microsoft Office suite and advanced Excel.
• Understanding of fundamental insurance/reinsurance concepts.
• Ability to organize and manage multiple priorities.

Responsibilities

• Support underwriters in all aspects of underwriting.
• Manage relationships with stakeholders including clients and brokers.
• Provide comprehensive risk analyses and data management.

Skills

Microsoft Office suite

Advanced Excel

Data Analysis

Underwriting management systems

Organisational skills

Teamwork

Education

ACII qualified or studying towards ACII

Job description

Assistant Underwriter - Property Delegated Authority

Join to apply for the Assistant Underwriter - Property Delegated Authority role at Chaucer Group

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.

Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, to be closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com

Job Profile Summary

Responsible for providing support to the underwriting team. Interpret and prepare underwriting data to provide comprehensive risk analyses and supplementary information to support the underwriting process.

Supporting all aspects of the Property Delegated Authority underwriting team, including underwriting performance monitoring, client relationship management, and servicing new and renewal business.

Job Description

• Support underwriters in all aspects of underwriting and management of the account
• Underwriting proficiency and knowledge across both the International and USA portfolios
• Underwriting performance monitoring monthly
• Underwriting, servicing, and preparing new and renewal business
• Underwriting presentations to key stakeholders including brokers and management
• Manage relationships with key stakeholders including brokers, clients, and internal teams
• Communicating to brokers our underwriting and risk appetite
• Assist in providing a full and comprehensive service to brokers
• Responsible for the accuracy and upkeep of all written premium data on Chaucer's Policy Administration System for all risks written within the area of responsibility
• Providing statistical information to the underwriters when required, liaising with credit control regarding premium payments and monitoring renewal lists
• Ensuring that all systems are kept fully up to date following amendments and endorsements
• Check slips for Risk Admin and advise for slip entry
• Monitoring catastrophe aggregate accumulations
• Preparing minutes for regular meetings
• Underwriting training
• Analyse the quality of data presented in underwriting submissions and be prepared to reject any data that does not meet the required standard

Regulatory Responsibilities

• Assist with the completion of all required annual product review assessments to agreed timescales with approvals obtained and recorded
• Follow all Chaucer Group Product Governance processes in the UCM and obtain appropriate approvals
• Ensure that the principles of providing good customer outcomes and the fair treatment of customers are upheld by Agents and Service Providers

Skills and Competencies

• Technical - Microsoft Office suite, Advanced Excel, Data Analysis, Underwriting management systems
• Understanding of fundamental insurance/reinsurance concepts
• Organised and able to work to tight deadlines and manage multiple priorities
• Able to communicate with different levels and is adaptable
• Works as part of a team

Education

ACII qualified or studying towards ACII

Why Join Chaucer?

Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk-from nuclear, shipping, manufacturing, and property. Headquartered in London, with offices in Copenhagen, Bermuda, Sydney, Ireland, Miami, Dubai, and Singapore, we're close to our clients wherever they are.

We have shown strong financial success with our Gross Written Premiums growing from $1.4bn in 2019 to $3.5bn in 2024. Backed by strong teams, platforms, and client relationships, Chaucer is poised for continued success.

We offer:

• A flexible hybrid work model that supports individual and team needs.
• A diverse, inclusive culture that values people for who they are.
• Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.