Senior Development Underwriter

TN United Kingdom; Manchester; Hybrid; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a dynamic Underwriter to join their innovative team in Manchester. This role offers the opportunity to blend underwriting and sales while managing relationships with brokers and clients. You will be responsible for assessing risks, making strategic decisions, and driving business growth. With a focus on collaboration and mentorship, you will lead a team to achieve outstanding results. Enjoy a hybrid work model and a comprehensive benefits package, including private medical insurance and a generous holiday entitlement. If you're passionate about making an impact, this is the perfect opportunity for you.

Benefits

Private Medical Insurance

Pension Plan Contributions

25 Days Holiday

Wellness Programme

Volunteer Encouragement

Qualifications

• Experience in management liability, professional indemnity, or financial institutions.
• Ability to analyze information and support decision making.

Responsibilities

• Underwrite and assess risk for products from assigned brokers.
• Develop and leverage broker/client relationships through disciplined sales management.
• Ensure compliance with company and regulatory standards.

Skills

Underwriting Experience

Relationship Management

Analytical Thinking

Technical Proficiency in Underwriting

Education

University Degree

CII Advanced Certification or Diploma

Job description

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Client:

SPE Travelers Management, LTD

Location:

Manchester, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

26473af1bc68

Job Views:

7

Posted:

05.05.2025

Expiry Date:

19.06.2025

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Job Description:

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Underwriting

Target Openings

1

What Is the Opportunity?

Join our dynamic team and take charge of producing and underwriting new and renewal business from our valued brokers. With your expert touch and strategic execution, you'll consistently deliver outstanding financial results—driving retention, pricing, new business, and profitability to new heights.

Collaborate with a team of regional and product specialists, as well as other internal and external partners, to attract new clients, retain loyal customers, and explore exciting new business opportunities. This role seamlessly blends underwriting and sales, giving you direct responsibility for broker development and management within your defined portfolio.

As a local expert and role model, you'll inspire and guide your team, actively coaching and mentoring Development Underwriters to achieve their best. If you're passionate about making an impact and leading by example, we want you on our team!

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.

This role is eligible for a 2500 GBP/EUR new joiner referral bonus. If you are successfully referred by an employee at Travelers Europe, both you and the person who referred you could be eligible for this bonus.

What Will You Do?

1. Underwrite and assess risk for products and accounts from assigned brokers. Make appropriate decisions within own underwriting authority in addition to considered, intelligent, and complete recommendations to regional or product underwriting leadership.
2. Consistent with TICL underwriting principles, underwrite more complex accounts and risks and consider different approaches toward risks to maximize profitability (e.g., pricing, retention, endorsements, limits, indemnity, security).
3. Make prompt, sound decisions within underwriting authority and based on appropriate underwriting information. Negotiate terms and conditions consistent with regional or product underwriting requirements and standards within submission timeframe.
4. Understand and execute product segment strategies to produce budgeted results.
5. Continuously manage book of business to maintain the quality of business required by regional or product underwriting strategy.
6. Be accountable for accurate underwriting documentation and information in account management systems and adherence to documentation standards.
7. Embrace required working practices with allocated Underwriting Account Management resources to deliver appropriate and timely underwriting service on your accounts at all times.
8. Establish and maintain collaborative relationships with colleagues in Head Office, Risk Control, Claims, Actuarial, and other relevant parts of the organization.
9. In exercising your underwriting authority, ensure policies and accounts are effectively underwritten, handled, and documented in compliance with company and regulatory standards.
10. Develop and leverage broker/client relationships through high visibility and a disciplined sales management approach (e.g., planning and follow-up for broker and customer meetings) in support of business objectives.
11. Effectively develop and execute sales plans for assigned brokers in conjunction with regional sales leadership.
12. Create and achieve sales plans to identify and capture new business opportunities and cross-sell TICL products.
13. Act as a responsible business partner with assigned brokers and clients, managing TICL's interests.
14. Seek out and maintain collaborative relationships with colleagues in other business units and regions to foster business development.
15. Participate and lead regional and product underwriting and/or sales meetings with your team.
16. Demonstrate superior customer service standards (consistency, quick response, product knowledge).
17. Work with others to achieve underwriting, sales, and production goals aligned with strategic objectives.
18. Engage in customer interactions to meet response time and knowledge expectations.
19. Work strategically and tactically with brokers to ensure they understand our offerings.
20. Act ethically at all times and complete all necessary training and certifications to understand compliance and regulatory requirements.
21. Ensure all actions and outcomes comply with local regulatory and supervisory standards, keeping detailed records of transactions.
22. Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• University degree and/or CII Advanced Certification or Diploma preferred.
• General knowledge of industry operations, business issues, and financial drivers affecting the Line of Business.
• Understanding of the local insurance marketplace and ability to use that knowledge strategically.
• Ability to seek and share market insights and assist less experienced employees.
• Relationship Management: Ability to build and maintain productive relationships.
• Business Perspective: Knowledge of internal and external factors impacting the Lloyd's Market.
• Analytical Thinking/Financial Acumen: Ability to analyze information, identify issues, and support decision making.
• Technical proficiency in underwriting and ability to make sound quoting and pricing decisions.

What is a Must Have?

• Previous underwriting experience in management liability, professional indemnity, or financial institutions.

What Is in It for You?

• Private Medical Insurance: Eligibility for single cover, with options for dependents at your expense.
• Retirement: Company contributions to your Pension Plan, with options to increase contributions.
• Holiday Entitlement: Starting at 25 days, with options to purchase more.
• Wellness Programme: Resources and discounts to support health and well-being.
• Volunteer Encouragement: Programs to support community involvement, matching gifts, and volunteer rewards.

Employment Practices

Travelers is an equal opportunity employer. We value diversity and encourage all qualified individuals to apply. For questions about physical requirements, please contact us. We reserve the right to fill the position at a different level. For more information on benefits, visit our website.