Senior Commercial Underwriter

Lawes Recruitment (UK) Limited; Colchester; On-site; GBP 80,000; Full time

Job summary

A growing insurer is seeking a Senior Commercial Product Development Underwriter in Essex. This role focuses on underwriting and product design, with responsibilities including designing products, collaborating with teams, and ensuring regulatory compliance. The ideal candidate will have experience in commercial underwriting, a solid understanding of SME products, and strong analytical skills.

Qualifications

• Background in commercial underwriting, ideally SME.
• Experience developing or improving insurance products.
• Good understanding of FCA requirements.

Responsibilities

• Design and refine SME commercial products to align with market needs.
• Collaborate with teams to develop and implement product enhancements.
• Conduct competitor and market research to identify risks and opportunities.

Skills

Strong knowledge of SME commercial products

Pricing and data analysis

Clear communication

Interest in digital and data-led underwriting

Education

Cert CII (or working towards)

Job description

Job Description

Job title: Senior Commercial Product Development Underwriter

Salary: £80,000

Location: Essex

PURPOSE OF ROLE

We're helping a growing insurer hire a Senior Commercial Product Development Underwriter to improve and update their SME products. The role focuses on underwriting, product design, and staying in line with regulations.

RESPONSIBILITIES

• Design and refine SME commercial products to align with market needs and business goals
• Collaborate with underwriting, claims, compliance, and distribution teams to develop and implement product enhancements
• Support pricing strategies and update policy wordings and terms to improve clarity and performance
• Ensure all product developments meet regulatory standards and internal governance
• Conduct competitor and market research to identify emerging risks and opportunities
• Support product training, documentation, and go-to-market activity across internal and external teams

DAY-TO-DAY

• Work with underwriting and data teams to improve products
• Speak with brokers to gather feedback and share updates
• Ensure documentation and products meet FCA rules
• Support marketing with product info and materials
• Keep up to date with market and regulatory changes

EXPERIENCE

• Background in commercial underwriting, ideally SME
• Experience developing or improving insurance products
• Used to working with different teams across a business
• Good understanding of FCA requirements

SKILLS & REQUIRMENTS

• Strong knowledge of SME commercial products
• Confident with pricing and data analysis
• Clear communicator across teams and partners
• Interest in digital and data-led underwriting (a plus)
• Cert CII (or working towards) preferred

If you have the relevant experience or know someone that does please contact me now on 07458 162 859 or email us at

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