Fleet Underwriter

ERS Administration Services; City Of London; On-site; GBP 45,000 - 65,000; Full time

Benefits offered by this job

Competitive salary

25 days holiday

Discretionary bonus

Employee assistance program

Holiday buy

Salary sacrifice benefits

Benefits reviews

Study support

Job summary

ERS Administration Services in London seeks an experienced Underwriter to manage a portfolio of medium to complex risks within appetite and authority. You will collaborate with broker partners to extend market reach and deliver competitive propositions while upholding standards and risk controls.

Success requires technical product knowledge, strong analytical ability, and the ability to coach others. The role emphasizes adherence to regulatory requirements and a commitment to fraud prevention.

Qualifications

• Demonstrate technical underwriting expertise and commercial judgment.
• Strong commercial awareness to identify market opportunities.
• Understanding of pricing practices and ability to improve pricing models.
• Interpersonal skills to build broker relationships and conduct constructive conversations.
• Excellent communication and numeracy.

Responsibilities

• Execute underwriting strategy within risk appetite and delegated authority to process quotes, renewals, mid-term adjustments and cancellations.
• Contribute to development of underwriting appetite for products.
• Assist in portfolio performance analysis and make recommendations.
• Collaborate with leadership and training teams to identify and deliver development.
• Adhere to zero-tolerance fraud policy and regulatory requirements.
• Handle complaints per process and resolve informally when possible.

Skills

Technical underwriting

Commercial awareness

Pricing knowledge

Interpersonal skills

Numeracy

Job description

Overview

About us

ERS Syndicate 218 at Lloyds is managed by Starr. We are the UK's largest specialist motor insurer with an A+ rating and have been making motoring passions and livelihoods possible since 1946. We work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer's needs.

Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world's fastest-expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.

The role

The Underwriter's primary responsibility is to write a range of medium to complex risks within the products risk appetite and within own individual underwriting authority. You will also act as a referral point for team members with a lower level of authority helping to develop their technical knowledge and understanding.

The role is market visible which will see you working closely with our broker partners and forming solid trading relationships, these relationships will help ERS achieve their short- and long-term financial plans by seeking to broaden our market penetration.

Success in the role requires technical expertise in our product(s) and frequent collaboration with other business functions to ensure that we leverage capabilities from across the business in delivering first class propositions to our chosen market.

Key responsibilities

• Contributing to the execution of the underwriting strategy for the Class of Business, working within the agreed risk appetite and own individual authority to process quotes, renewals, Mid-term adjustments and cancellations.

• Providing input to the development of our underwriting appetite for our product(s)
• Assisting in the management of portfolio performance through the analysis of results and the ability to make recommendations.

• Work with the operational leadership team & technical training team to help identify training needs and support employee development through feedback, coaching and training to improve team competency and performance.

• Act as our first line of defense. Understand and adhere to the zero- tolerance fraud strategy.
• Having significant awareness of and ensuring adherence to all regulatory requirements
• Understand and adhere to the complaint handling process, attempting to resolve complaints informally whenever possible.

Essential qualifications, skills, and experience

• This role carries financial responsibility as well as being recognized as a subject matter expert in your product(s). We therefore require our role holders to demonstrate technical expertise and to use commercial judgment in the fulfilment of their role.
• Good commercial awareness that allows you to identify and take advantage of market opportunities.
• Possess an understanding of pricing practices and methodologies with the ability and experience to help us constantly enhance our pricing capability, providing insight and feedback on our pricing models.
• Possessing interpersonal skills which will allow you to build and maintain relationships. Being able to articulate what a mutually beneficial relationship looks like and being comfortable having at times challenging conversations with our broker partners.
• Highly articulate and numerate

Benefits

• Competitive Benchmarked Salary
• 25 days holiday
• Discretionary bonus scheme
• Employee assistance programme
• Annual holiday buy (up to 3 extra days)
• Salary sacrifice benefits
• Annual benefits reviews
• The option for professional qualifications and study support

Benefits

• A full job description will be found here.

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