Job Profile Summary Underwriting, Portfolio Management, Strategy & Planning Activities contributing towards operation of the Political Risk and Credit account Job Description Underwriting the Political Risks and Credit Account, with a focus on Structured Credit and Portfolio risks. Assist with training and supervision of Underwriting Assistants. Developing and sustaining effective relationships with key clients and brokers including overseas travel as may be necessary. Actively participate in transaction related meetings, both internal and with clients and brokers. Work with a panel of Reinsurers, including the preparation of the reinsurance renewal information and the presentation of underwriting strategy. Providing support to Team, Division and Insurance Heads and preparing reports and papers to assist with Strategy as required. Participation in and contribution towards relevant industry groups. Collaboration with Risk Management, Operations and Actuarial Teams within Chaucer to ensure accurate and timely reporting of Underwriting MI – including premium, claims and exposure data Compliance with Lloyd’s regulations and Byelaws. Peer Review of risks as allocated under the peer review selection criteria and responsibility matrix as set out in the Underwriting Manual. 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: Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction Foster positive relationships with customers and attain an understanding of their needs Ensure that customer complaints are promptly identified, recorded and referred as appropriate Complete 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 Analytical skills, including credit, financial institution and sovereign risk analysis A proven understanding of Portfolio risk analysis Demonstrable interest in Global Macro Economics Interpersonal skills, adaptability and able to communicate with different levels Resilient and able to work in a pressured environment Works as part of a team Qualifications ACII qualified or equivalent experience 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. 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. Chaucergroup.com
