Senior Underwriter

JR United Kingdom; Derby; On-site; GBP 70,000 - 100,000; Full time

Job summary

A leading MGA Underwriter is seeking a Property & Casualty Underwriting Manager to drive underwriting strategy and company growth. This pivotal role involves leadership, business development, financial oversight, and ensuring compliance, with an emphasis on fostering a high-performance team in the commercial insurance sector.

Qualifications

• Expert technical underwriting experience in Property & Casualty within the commercial insurance sector.
• Strong understanding of delegated authority market and proven market knowledge.
• Proven leadership with a growth-driven mindset and track record of delivering results.

Responsibilities

• Lead the underwriting team to set and execute underwriting strategies.
• Manage budgeting and financial metrics for business stability.
• Ensure regulatory compliance and manage business risks effectively.

Skills

Leadership

Technical Underwriting

Business Development

Financial Acumen

Regulatory Compliance

Customer Satisfaction

Operational Excellence

Job description

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An outstanding opportunity for a dynamic and visionary leader to join a leading MGA Underwriter as the Property & Casualty Underwriting Manager and drive the business forwards. Reporting directly to the Board of Directors, you will play a pivotal role in defining and delivering our underwriting strategy.

Key Responsibilities:

• Leadership: Lead the underwriting team to set and execute underwriting strategies, ensuring performance targets and KPIs are met across Property & Casualty product lines.
• Binder Management - Day-to-day management of our binders, exercising judgement in all underwriting matters, and remaining aware of underwriting limits. Monitoring performance, including exposure monitoring, rate movement, claims trends, and regular capacity reviews,
• Business Development – Develop growth strategies and implement action plan. Building meaningful, long-term relationships with new and existing partners.
• Agent Development – Develop and grow the agency database, including underwriter visits, promoting product offering, target markets and appetite.
• Financial Oversight: Manage budgeting, financial planning, and monitoring key financial metrics like loss ratio and underwriting performance to maintain business stability and support growth.
• Operational Excellence: Oversee day-to-day operations, ensuring efficiency, best practices, and continuous improvement in processes are achieved.
• Regulatory Compliance & Risk Management: Ensure full compliance with FCA regulations and manage business risks effectively.
• Customer-Centric Approach: Ensure the underwriting strategy, which meets our agents requirements and satisfaction, driving a customer first service experience.
• Team Development: Foster a culture of collaboration, accountability, and inclusivity while nurturing top talent and developing a high-performance team.

What you'll need to succeed

• Expert technical underwriting experience in Property & Casualty within the commercial insurance sector.
• You will have a strong understanding of the property and casualty delegated authority market and have proven market knowledge and strong capacity and Broker contacts.
• Proven leadership with a growth-driven mindset and a track record of delivering results.
• Strong understanding of regulatory requirements and industry standards.
• High-level financial acumen with the ability to innovate and challenge the status quo.
• Inspirational, inclusive leader who can make tough decisions and drive team success.
• A focus on continuous improvement, customer satisfaction, and operational excellence.