The Delegated Authority Portfolio Specialist will work within the Marine Underwriting team, specifically implementing and managing their successful delegated authority business in this specialist class as well as supporting daily internal stakeholder and external coverholder relationships. This is a dynamic market leading international team that wants to continue to innovate marine portfolio development and new commercial outcomes.
Job Description
- Managing the full suite of delegated portfolio processes including initial setup, weekly management and renewal. This will include risk governance, assessment, data and portfolio analytics, compliance and regulatory oversight and relationship oversight.
- Agreement of endorsements / amendments / promised lines in accordance with underwriting authority.
- Agreement of special acceptances and referrals to binding authorities, line-slips and treaties.
- Build on existing and develop new long term client relationships including where appropriate foreign travel.
- Build strong market peer group reputation.
- Participating on and where appropriate chairing special projects as and when required in order to meet Chaucer’s long term objectives.
- To interpret, prepare and analyse underwriting data to provide comprehensive modelling information to support the underwriting process.
- Ensure underwriting records are properly recorded and updated, including client files.
- Contribute to the successful implementation of business segmentation monitoring / management to allow the team to pursue optimal portfolio strategy.
- Responsibility for the accuracy and upkeep of all written premium data on Chaucer systems for all risks written within the area of responsibility.
- Liaise with other business areas within Chaucer as required to ensure effective management of the account including the delegated underwriting team, credit control, compliance, claims, exposure management, internal risk review and actuarial functions
Regulatory Responsibilities
Comply with all policies and procedures and ensure that due regard is paid to providing good customer outcomes and the fair treatment of customers.
Manage the relationships with Customers, Agents and Service Providers
Skills and Competencies
- Delegated Authority experience specific to the Lloyd’s London Market
- Delegated Authority Pre-bind experience
- Experience of negotiating with brokers and liaising with clients.
- Understanding of business planning process.
- Organised and able to work to tight deadlines and manage multiple priorities
- Able to communicate with different levels and is adaptable
- Resilient and able to work in a pressured environment
- Works as part of a team
Education
- ACII Qualification (or equivalent), or making good progress towards completion
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.
Skills Required
- Experience with delegated authority specific to the Lloyd’s London Market
- Delegated authority pre-bind experience
- Experience negotiating with brokers and liaising with clients
- Understanding of the business planning process
- Ability to organize work, meet tight deadlines, and manage multiple priorities
- Ability to communicate with different levels and adapt effectively
- Resilience and ability to work in a pressured environment
- Ability to work as part of a team
- ACII qualification or equivalent, or good progress toward completion
What We Do
Chaucer are a leading specialty (re)insurance group working with brokers, coverholders and clients to protect and support business activities around the world. Our services are accessed both through Lloyd’s of London and the company markets. We are defined by an enterprising, bespoke approach to (re)insurance, enabled by the individual character, experience and imagination of our expert teams. Chaucer is a member of the China Re Group and backed by their financial and operational resources. China Re is one of the world’s largest reinsurance companies whose outstanding and comprehensive strength is rated A (excellent) by AM Best and A (strong) by S&P Global Rating.
