Scheme Underwriting Manager

JR United Kingdom; Slough; Remote; GBP 60,000 - 90,000; Full time

Job summary

A venture-backed startup in logistics insurance seeks an experienced Underwriter to manage and refine underwriting functions within a fully remote team. The role involves risk analysis, pricing strategy, and policy design to support the company’s journey toward becoming a Lloyd’s Coverholder. Candidates should have significant experience in commercial underwriting, particularly in cargo or goods-in-transit sectors, and be comfortable in a fast-paced environment.

Benefits

Stock options

Fully remote work

Self-care Fridays

Qualifications

• 5–10 years in commercial underwriting, preferably in cargo or goods-in-transit insurance.
• Deep understanding of actuarial principles and risk management.
• Experience navigating MGA regulatory compliance.

Responsibilities

• Manage underwriting and pricing activity across low-severity, high-frequency insurance products.
• Develop pricing models based on live claims data.
• Analyze portfolio data to anticipate trends in claims.

Skills

Communication

Risk Analysis

Pricing Data Analysis

Job description

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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)