Scheme Underwriting Manager

JR United Kingdom; Hounslow; Remote; GBP 70,000 - 90,000; Full time

Job summary

A venture-backed startup in logistics insurance seeks a Scheme Underwriting Manager to lead underwriting and pricing activities. This role is pivotal in risk management and policy design, offering remote work flexibility. Ideal candidates will have substantial underwriting experience, particularly in the Lloyd's market, and a strong grasp of actuarial practices.

Benefits

Stock options

Fully remote with optional office access

Self-care Fridays (no internal meetings)

Qualifications

• 5–10 years of experience in commercial underwriting, preferably in cargo or goods-in-transit insurance.
• Deep understanding of actuarial principles related to pricing.
• Experience in the Lloyd’s market is preferred.

Responsibilities

• Manage all underwriting and pricing activity across low-severity, high-frequency products.
• Build pricing models based on live claims data, ensuring performance-driven pricing.
• Take ownership of underwriting functions and oversee compliance with regulatory standards.

Skills

Commercial Underwriting

Actuarial Understanding

Insurance Compliance

Strong Communication

Job description

Social network you want to login/join with:

Scheme Underwriting Manager, south west london

col-narrow-left

Client:

Location:

south west london, United Kingdom

Job Category:

Other

-

EU work permit required:

Yes

col-narrow-right

Job Views:

4

Posted:

31.05.2025

Expiry Date:

15.07.2025

col-wide

Job Description:

Our client is a venture-backed startup operating in the logistics insurance space. It combines automated insurance products with data insights and risk monitoring tools for enterprise clients.

The company are in the process of becoming a Lloyd’s of London Cover holder (MGA), with support from a well known reinsurance broker for insurance capacity.

This role will sit within the core insurance team and will contribute to risk management, pricing strategy, policy design, and claims oversight. The team operates fully remotely with optional access to shared office space in central London.

Key Responsibilities

• Manage all underwriting and pricing activity across a low-severity, high-frequency product, including transactional insurance lines.
• Build and maintain pricing models based on live claims and risk data, ensuring responsive, performance-driven pricing.
• Analyse real-time portfolio data to identify claims trends and anticipate developments in claim frequency or behaviour.
• Take full ownership of the underwriting function, operating independently across risk analysis, model creation, and decision-making.
• Lead the development and refinement of underwriting policies, ensuring alignment with regulatory expectations and the company’s future Lloyd’s Coverholder status.
• Interface with enterprise clients to manage initial pricing and mid-term adjustments.
• Support operational oversight of claims, ensuring customer promises are delivered and claim outcomes align with expectations.
• Contribute to regulatory compliance specific to small schemes and MGA operations.
• Maintain detailed technical documentation to ensure audit-readiness and transparency.
• Collaborate closely with product and commercial teams to align insurance operations with broader business goals.

Candidate Requirements

• 5–10 years of experience in commercial underwriting, with a strong preference for shippers' interest, cargo, or goods-in-transit insurance.
• Deep actuarial understanding and confidence working directly with pricing data.
• Familiarity with insurance compliance and MGA regulatory obligations.
• Ability to work in a fast-paced, startup environment with a high degree of autonomy.
• Strong communication skills, particularly when translating technical pricing or risk logic to internal or external stakeholders.
• Experience in the Lloyd’s market is preferred
• Candidates with prior experience at an MGA or with responsibility for a small scheme are strongly encouraged

Compensation and Benefits

• ? Stock options
• ? Fully remote (with optional office access in central London)
• ? Self-care Fridays (no internal meetings)