Schemes Portfolio Underwriter

Zurich Insurance; Greater London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A global insurance company in Greater London is looking for a Portfolio Underwriter who will identify risks and provide insights to brokers. This role combines analytical skills with underwriting expertise to drive profitable growth. Responsibilities include maintaining stakeholder relationships and analyzing portfolio data. Candidates must have experience in property/casualty underwriting and strong numerical skills. This position offers flexible working arrangements.

Benefits

12% defined non-contributory pension scheme

Annual company bonus

Private medical insurance

Ability to buy/sell additional holiday

Volunteering time off

Qualifications

• Exceptional analytical skills and a commercial mindset required.
• Strong numerical and data manipulation skills are essential.
• Proficient in analytical techniques to extract trends and make recommendations.

Responsibilities

• Achieve Scheme P&L targets by improving underwriting and pricing.
• Maintain strong relationships with stakeholders of DA/MGA propositions.
• Provide insights from portfolio datasets using analytical techniques.

Skills

Analytical skills

Commercial acumen

Numerical skills

Communication skills

Education

Proven property/casualty underwriting experience

Job description

As a Portfolio Underwriter, you will be responsible for identifying risks and providing insight to our key brokers and distribution partners. This is a market-facing role that offers the opportunity to make an immediate impact on the business. By using your underwriting skills to assess opportunities within our Schemes portfolio, you will contribute to profitable growth within Zurich.

Responsibilities

• Play a key role in achieving our Scheme P&L targets by suggesting improvements to our underwriting, pricing and proposition.
• Ensure our underwriting acceptance criteria supports our growth targets whilst protecting profitability.
• Establish and maintain strong external relationships with stakeholders of our DA/MGA propositions.
• Stay updated on market developments, distribution channels, and our competitive position.
• Gain expertise in analytical techniques and commercial insurance knowledge to provide regular insights and analysis from portfolio datasets.

Qualifications

• Contribute to fostering a positive, diverse, and supportive team culture. Zurich is seeking a Portfolio Underwriter with exceptional analytical skills and a commercial mindset to join our fast‑paced insurance environment. Our Retail business has experienced substantial growth in our Delegated Authority (DA) and Managing General Agent (MGA) partnerships, and we need a talented individual to join our Portfolio Management team. Proven experience of property/casualty or other commercial lines underwriting.
• Excellent commercial acumen, capable of presenting to internal and external stakeholders.
• Proficient in applying analytical techniques to extract meaningful trends and make recommendations.
• Strong numerical and data manipulation skills.
• Display a strong passion for learning and personal growth with strong communication skills.

About Zurich

Everyone's different. That's why at Zurich, we offer a wide range of employee benefits so our people can choose what fits them and their life. Our benefits provide real flexibility so our people can make considered choices and tailor their benefits throughout the year. Our benefits include 12% defined non‑contributory pension scheme, annual company bonus, private medical insurance and the option to buy up to an additional 20 days or sell some of your holiday.

At Zurich we aspire to be one of the most responsible and impactful businesses in the world and the best global insurer. Together we’re creating a brighter future for our customers, our people, and our planet.

With over 55,000 employees in more than 170 countries, you’ll feel the support of being part of a strong and stable company who is a long‑standing player in the insurance industry. We’ve made a promise to each other and every employee; to focus on sustainable impact, to care about each other’s wellbeing, to use our diverse expertise to be curious and optimistic and to develop the skills needed for our future.

If you’re interested in working in a dynamic and challenging environment for a company that recognises and rewards your creativity, initiatives, and contributions - then Zurich could be just the place for you. Be part of something great. Our culture: At Zurich, our sense of community is strong and we’re particularly passionate about diversity and inclusion, which we’ve won numerous awards for. We want our people to bring the whole of themselves to work and ensure everybody is made to feel welcome, regardless of their background, beliefs, or culture. We want our employees to reflect the diversity of our customers and so are committed to treating all of our applicants fairly and with respect, irrespective of their actual or assumed background, disability or any other protected characteristic. We’re an environment that places a real importance on our people’s wellbeing from a physical, mental, social, and financial perspective. We work with our wellbeing partners and industry experts to provide the best advice and access to a wealth of lifestyle support. We’re also committed to continuous improvement, and we offer access to a comprehensive range of training and development opportunities. We’re passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity. Our charitable arm, Zurich Community Trust, is one of the longest‑established corporate trusts in the UK. In that time, we’ve awarded grants and volunteered time to deserving causes in the UK valued at over £90 million. So make a difference. Be challenged. Be inspired. Be supported. Love what you do. Work for us.

Working Hours & Flexibility

This role is available on a part‑time, job‑share or full‑time basis. Many of our employees work flexibly in a variety of different ways, including part‑time, flexible hours, job share, an element of working from home or compressed hours. This is because we want the best people for our roles, and we recognise that sometimes those people aren’t available full‑time. Please talk to us at interview about the flexibility you may need.

Benefits

• 12% defined non‑contributory pension scheme.
• Annual company bonus.
• Income Protection.
• Life cover – four times your salary.
• 25 days holiday a year plus bank holidays.
• Option to swap UK bank holidays for days off that have cultural or religious significance to you.
• Option to buy up to an additional 20 days or sell some of your holiday.
• Three days paid volunteering.
• Up to 16 weeks’ full pay for maternity, paternity and adoption leave.
• Access to private medical insurance.
• Virtual GP appointments.
• Discounted gym membership.
• Free flu jab.
• Access to a wealth of support from our wellbeing partners.
• Creating a brighter, more sustainable future underpins all that we do here in Zurich. We were the first insurer to sign the ‘UN Business Ambition for 1.5 C’ pledge.
• Our charitable arm, Zurich Community Trust, has awarded grants and volunteered time to deserving causes in the UK valued at over £90 million.