Underwriting Assistant - Marine

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 will require excellent analytical skills, with good attention to detail.

Job Description

• Accurately input underwriting data into pricing models to generate risk assessments and premium calculations.

• Ensure that data entered aligns with underwriting guidelines, policy terms, and risk factors.

• Review and validate model outputs to ensure consistence an accuracy in pricing recommendations.

• Work closely with underwriters to interpret pricing model results and make necessary adjustments based on underwriting considerations.

• Assist in the development and enhancement of new pricing tools and methodologies.

• Work with IT and pricing to troubleshoot and resolve model related issues.

• Gather and validate underwriting data required for pricing analysis.

• Conduct regular audits to ensure data integrity and consistency across pricing models.

• Assist in producing reports and insights for underwriters and senior management.

• Provide training to underwriting teams on pricing models and tools when required.

• Identify opportunities to improve the efficiency of pricing models.

• Support ad hoc requests from senior management and the Head of Marine and Energy

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

• Professional outlook that fully supports Chaucer’s values

• Attention to detail

• Excellent Communication and presentation skills

• Proven interpersonal skills

• Excellent organisational skills

• Team player

• Self-motivated and enthusiastic

Education

• 3 ‘A’ Levels or equivalent, or 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 around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). 
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.