Marine Cargo Insurance Specialist

About this role

Trade Finance & Insurance makes it possible for a seller to ship to a buyer they have never met — credit insurance, letters of credit, guarantees and the risk view behind them.

Place and administer cargo cover across our shipments — open policies, declarations, certificates — and run the claims when a container is short-landed, wet or simply never arrives.

Cross-border trade fails on trust and on documents, in that order. The instruments here are old and unforgiving: a discrepancy on a document set can hold payment for weeks, and a credit limit set carelessly becomes a loss six months later. Multiple jurisdictions, multiple regulators, and rules that reward people who have read the actual text.

Primary responsibilities

• Manage the marine cargo insurance programme covering goods in transit by sea, air and road
• Place open covers and declare shipments against them correctly
• Get the terms right for the trade — Institute Cargo Clauses A, B or C, war and strikes cover, and the warranties that void a claim if breached
• Ensure insurable interest and the correct assured, particularly where the Incoterm decides who bears the risk at which point
• Handle claims from notification through survey to settlement
• Advise on packing, stowage and the loss prevention that stops the claim happening

Skills required

Day to day this role works with Survey, Claims, Marine Insurance and Institute Cargo Clauses.

• Three or more years in marine cargo insurance
• Know Institute Cargo Clauses A/B/C properly, not just by name
• Have handled a general average or a total loss claim end to end
• Four or more years in marine cargo insurance