Senior Underwriter

Markerstudy Group; Royal Tunbridge Wells; Remote; GBP 40,000 - 80,000; Full time

Job summary

An established industry player in the UK motor insurance market is seeking a Senior Underwriter to join their dynamic team. This largely remote role involves supporting product development, managing key accounts, and leveraging data analysis to drive business success. The ideal candidate will have a strong background in underwriting, particularly in motor insurance, and possess excellent analytical and communication skills. You will thrive in a collaborative environment, training junior underwriters while nurturing broker relationships. Join a company that values your expertise and offers a collaborative, fast-paced work atmosphere with attractive benefits.

Benefits

25 days annual leave plus Bank Holidays

Ability to buy additional holiday

Health Cash Plan

Discounts and cashback on shopping

Life Assurance 4x annual salary

Qualifications

• Experienced Underwriter with a focus on Motor Insurance.
• Strong analytical skills and data mining experience.

Responsibilities

• Support Product Head in product development and maintenance.
• Manage new product developments and key accounts.

Skills

Underwriting experience

Data mining

Analytical skills

Communication skills

Commercial awareness

Teamwork

Self-motivation

Education

Experience in the Motor Insurance industry

Previous experience within the insurance market

Tools

Excel

SAS

Databricks

Power BI

Radar

Job description

Senior Underwriter

This position is largely remote, with occasional travel. We have offices in Kent, Cambridgeshire, Manchester, and Stoke-On-Trent.

Role Purpose:

To support the Product Head in developing and maintaining the range of products to ensure the agreed business plan targets and objectives are met. Exploiting new product opportunities and providing Product and Technical support both internally and externally.

Key Responsibilities:

1. Fully understand underwriting performance metrics to enable collation and presentation of key account information to the Product Head at agreed intervals and dealing with ad-hoc requests relating to products, pricing and MI.
2. Present pricing recommendations to the Product Head based on analysis of data, broker intel, pricing and MI team.
3. Manage new product developments and amendments.
4. Research the market, through broker intel, media and personal contacts, to remain up to date on all developing issues and opportunities.
5. Manage key accounts and other agreed key business relationships, to maintain and develop profitable accounts, and to explore any product opportunities and resolve issues that exist.
6. Nurture broker relationships to meet the needs of the business plan whilst using that relationship to obtain feedback from our customers of their experience.
7. Investigate and respond to queries from the operational area in relation to policy issues.
8. Train and mentor junior underwriters, sharing expertise and best practices.

About You:

1. Experienced Underwriter ideally in the Motor Insurance industry.
2. Data Mining Experience.
3. Has an analytical background.
4. Previous experience within the insurance market.
5. Commercial awareness, market knowledge, process awareness.
6. Data analysis including presentation of observations and proposed actions.
7. Work well within a team environment as well as able to self-motivate and use initiative.
8. Good knowledge of Excel functions.
9. Excellent communication skills.
10. Knowledge of SAS software, Databricks, Power BI and Radar would be beneficial.

Why us?

Markerstudy Insurance Services Limited (MISL) is one of the largest Managing General Agents in the UK. With a strong presence in the UK motor insurance market, we specialise in niche motor cover, where our solid market knowledge and experience enables us to create highly targeted products.

Our success is underpinned by our underwriting strategy to identify and apply special risk factors to the customers’ advantage. That, and our skilled underwriting technicians who are friendly, accessible and empowered to make decisions.

We only transact business through professional UK insurance intermediaries and we take pride in fostering excellent working relationships. Our products feature prominently on Aggregators' sites, such as Confused.com, Go Compare and Compare the Market, via our broker partners.

What we offer in return?

1. A collaborative and fast-paced work environment
2. 25 days annual leave plus Bank Holidays and the ability to buy an additional five days holiday
3. Health Cash Plan
4. A benefit scheme that offers discounts and cashback on shopping, restaurants, travel and more
5. Life Assurance 4x annual salary