Scheme Underwriting Specialist

Bradley David Associates; London; Hybrid; GBP 45,000 - 65,000; Full time

Job summary

A leading company in the insurance sector is seeking a Scheme Underwriter to ensure profitable acquisition and retention of various insurance schemes. In this hybrid role, you will assess risks, build relationships, and enhance underwriting expertise while aligning with profitability objectives. The position offers a competitive salary, bonuses, and comprehensive benefits.

Benefits

Additional leave

Company pension

Cycle to work scheme

Discounted or free food

Flexitime

Life insurance

Private medical insurance

Work from home

Qualifications

• Experience in risk assessment with significant pricing authority.
• Strong relationship-builder with internal and external partners.
• Proficient in collecting, analysing, and presenting management information.

Responsibilities

• Determine pricing for corporate benefit schemes by assessing risks.
• Build and maintain relationships with key strategic partners.
• Analyse portfolio performance and recommend improvements to underwriting practices.

Skills

Risk assessment

Negotiation

Relationship building

Problem-solving

Education

Deep understanding of Protection products and pricing structures

Job description

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• Bonus of 10-15% of total salary
  
• Monday to Friday 9am-5pm
  
• Hybrid working options
  
• Market leading pension, perks and benefits
  

Job Summary

Responsible for the profitable acquisition and retention of Life, Income Protection, and Critical Illness schemes by serving as the primary point of contact for Scheme Underwriting both internally and externally.

Key Responsibilities

• Determine pricing for corporate benefit schemes by applying sound judgment to assess risks such as geographic location, industry type, occupational hazards, catastrophe exposure, and claims history.
  
• Build and maintain strong relationships with key strategic partners, including multinational pooling networks.
  
• Enhance departmental expertise in Scheme Underwriting by delivering coaching, training, and maintaining knowledge standards through licensing.
  
• Act as a central source of support and guidance on products and procedures for internal teams and external clients, ensuring adherence to policy terms, legislation, and best practices.
  
• Analyse portfolio performance and industry trends to recommend improvements to underwriting practices, incorporating feedback and claims data.
  
• Support the evolution and refinement of Protection products and pricing models.
  
• Develop and implement customer-centric propositions that align with and exceed profitability objectives.
  
• Stay abreast of industry developments to ensure competitiveness in the Protection market.
  
• Continuously monitor legislative changes affecting Protection policies to ensure ongoing compliance.
  

Requirements

• Deep understanding of Protection products, pricing structures, and terms, with a strong awareness of how these offerings align with broader benefit programs.
  
• In-depth knowledge of the Protection market, including industry trends and competitor activity.
  
• Experienced in risk assessment with significant pricing authority.
  
• Adaptive and innovative, capable of addressing complex customer requirements.
  
• Strong relationship-builder, able to engage with internal stakeholders effectively and external partners to meet business goals.
  
• Skilled negotiator, balancing client acquisition and retention with profitability objectives.
  
• Confident external representative, with the ability to present effectively to advisers and clients.
  
• Creative problem-solver with a track record of leading and contributing to strategic projects.
  
• Proficient in collecting, analysing, and presenting management information to inform business decisions.
  
• Identifies opportunities for product development and proposes data-driven solutions using market and technical insights.
  
• Communicates technical information clearly to support departmental and organisational learning.
  
• Collaborates effectively across departments, leveraging broad knowledge and expertise.
  
• Additional leave
  
• Company events
  
• Company pension
  
• Cycle to work scheme
  
• Discounted or free food
  
• Flexitime
  
• Life insurance
  
• Private medical insurance
  
• Work from home
  

f you are interested and have the relevant experience please click apply to be contacted by a member of the team. You can also text your full name + 'Scheme Underwriter' to 07470 312674

Job Description

Job Overview:

• £45'000 - £65'000 dependent on experience
  
• Bonus of 10-15% of total salary
  
• Monday to Friday 9am-5pm
  
• Hybrid working options
  
• Market leading pension, perks and benefits
  

Job Summary

Responsible for the profitable acquisition and retention of Life, Income Protection, and Critical Illness schemes by serving as the primary point of contact for Scheme Underwriting both internally and externally.

Key Responsibilities

• Determine pricing for corporate benefit schemes by applying sound judgment to assess risks such as geographic location, industry type, occupational hazards, catastrophe exposure, and claims history.
  
• Build and maintain strong relationships with key strategic partners, including multinational pooling networks.
  
• Enhance departmental expertise in Scheme Underwriting by delivering coaching, training, and maintaining knowledge standards through licensing.
  
• Act as a central source of support and guidance on products and procedures for internal teams and external clients, ensuring adherence to policy terms, legislation, and best practices.
  
• Analyse portfolio performance and industry trends to recommend improvements to underwriting practices, incorporating feedback and claims data.
  
• Support the evolution and refinement of Protection products and pricing models.
  
• Develop and implement customer-centric propositions that align with and exceed profitability objectives.
  
• Stay abreast of industry developments to ensure competitiveness in the Protection market.
  
• Continuously monitor legislative changes affecting Protection policies to ensure ongoing compliance.
  

Requirements

• Deep understanding of Protection products, pricing structures, and terms, with a strong awareness of how these offerings align with broader benefit programs.
  
• In-depth knowledge of the Protection market, including industry trends and competitor activity.
  
• Experienced in risk assessment with significant pricing authority.
  
• Adaptive and innovative, capable of addressing complex customer requirements.
  
• Strong relationship-builder, able to engage with internal stakeholders effectively and external partners to meet business goals.
  
• Skilled negotiator, balancing client acquisition and retention with profitability objectives.
  
• Confident external representative, with the ability to present effectively to advisers and clients.
  
• Creative problem-solver with a track record of leading and contributing to strategic projects.
  
• Proficient in collecting, analysing, and presenting management information to inform business decisions.
  
• Identifies opportunities for product development and proposes data-driven solutions using market and technical insights.
  
• Communicates technical information clearly to support departmental and organisational learning.
  
• Collaborates effectively across departments, leveraging broad knowledge and expertise.
  

Benefits

• Bonus scheme
  

• Additional leave
  
• Casual dress
  
• Company events
  
• Company pension
  
• Cycle to work scheme
  
• Discounted or free food
  
• Employee discount
  
• Flexitime
  
• Health & wellbeing programme
  
• Life insurance
  
• Private dental insurance
  
• Private medical insurance
  
• Work from home
  

f you are interested and have the relevant experience please click apply to be contacted by a member of the team. You can also text your full name + 'Scheme Underwriter' to 07470 312674


Requirements
Deep understanding of Protection products, pricing structures, and terms, with a strong awareness of how these offerings align with broader benefit programs. In-depth knowledge of the Protection market, including industry trends and competitor activity. Experienced in risk assessment with significant pricing authority. Adaptive and innovative, capable of addressing complex customer requirements. Strong relationship-builder, able to engage with internal stakeholders effectively and external partners to meet business goals. Skilled negotiator, balancing client acquisition and retention with profitability objectives. Confident external representative, with the ability to present effectively to advisers and clients. Creative problem-solver with a track record of leading and contributing to strategic projects. Proficient in collecting, analysing, and presenting management information to inform business decisions. Identifies opportunities for product development and proposes data-driven solutions using market and technical insights. Communicates technical information clearly to support departmental and organisational learning. Collaborates effectively across departments, leveraging broad knowledge and expertise.