Underwriting Manager

About the company

Steamship Mutual is a P&I insurance company, with 206 employees worldwide. The main office is based near Liverpool street station, London. We have offices in Bermuda, Brazil, Cyprus, Greece, Hong Kong, Japan and Singapore.

Job title: Underwriter

Location: Central

Permanent

Senior Executive

Insurance

1. 5 years + experience
2. Salary $29,500 to $29,800

Responsibilities:

1. Responsibility for underwriting Members in Southeast Asia, Japan, and Australasia.
2. Manage the development of the business within assigned areas of responsibility and identify areas of additional service that will add value to the Member/Club relationship within agreed parameters of existing and potential business.
3. Handle underwriting tasks in line with company procedures.
4. Initiate loss prevention action where necessary.
5. Produce required Management Reports as necessary.
6. Operate effective risk management and credit controls.
7. Implement Underwriting policy within authorised parameters.
8. Provide effective communication of underwriting issues within the assigned underwriting team.
9. Allocate monitoring and supervision of underwriting work to ensure that service levels are met.
10. Ensure all members of the assigned underwriting team adhere to companywide operating procedures.
11. Assist and help to develop team knowledge and skills – CPD.
12. Conduct annual appraisals of direct reports (with Head of Underwriting for Syndicate).
13. Assist the Managing Director for Asia Pacific, Head of Underwriting, and Chief Commercial Officer in identifying and planning business targets and execute on the same, building the book of business in line with the Company aims.
14. Liaise closely with existing Members, prospective targets, and the broking community in advancing the Company aims.
15. Encourage and support an environment where a process of continuous improvement can flourish and foster the Company culture.
16. Ensure that all files and confidential records are maintained in accordance with company policy.
17. Attend training and develop relevant knowledge and skills.
18. Travel will be required as necessary both regionally and to our global office network.
19. Representation at industry events and speaking requirements where necessary.

Person Specification:

1. Proven Underwriting management experience gained from working at another P&I Club and/or marine insurer, marine insurance broker or shipowner.
2. The ability to mentor and inspire team members, including the ability to develop underwriting expertise, training, and development.
3. Outstanding communication skills, including negotiating, presenting, and reporting (written and verbal).
4. Thought leader with the ability to acquire new business and develop existing business relationships both internally and externally.
5. Aware of current market issues, well-connected and able to build relationships with brokers and Members.
6. Degree educated.
7. Eligibility to work in Singapore preferred or alternatively a willingness to relocate.
8. Proactive and able to use own initiative.

What you will get:

1. Joining our collaborative, supportive and friendly working environment, you will enjoy a rewarding career with the opportunity to build on your existing skills and knowledge.
2. We offer great work-life balance initiatives, including competitive hybrid working policy.
3. Clear and transparent career pathway – offering you continued support with enhancing your skills and creating employment development opportunities.
4. An attractive benefits package which includes private healthcare.
5. We also provide competitive health subsidy, and access to our comprehensive wellbeing and savings programme throughout the year, to create an environment that supports everyone’s mental and physical health.

Company Values

1. Mutuality - ensuring fairness amongst Club Members.
2. Integrity - upholding high ethical, legal, and regulatory standards.
3. Safety and Sustainability - contributing to safety of life at sea and the preservation of the environment.
4. Transparency - building strong relationships based on trust and open communication.
5. Excellence - enabling our people to realise their full potential as team members, industry experts, leaders, and managers.
6. Collaborative - embracing flexibility, diversity, and inclusivity.

Skills:

Negotiation, Microsoft Office, risk assessment, data analysis, business analysis, financial acumen, underwriting, customer focus, pricing, reinsurance, interpersonal skills, attention to detail, P&I experience.