Underwriter

Profound Recruitment Partners Limited; Manchester; On-site; GBP 42,000 - 65,000; Full time

Job summary

Profound Recruitment Partners Limited is seeking an experienced Underwriter in Greater Manchester to manage schemes within delegated authority. You will monitor performance, work with pricing and product teams, and build strong relationships with schemes and coverholders.

The role focuses on breadth across underwriting, pricing and product, not just case-by-case underwriting. Autonomy and ownership of the development of schemes and pricing are encouraged.

Qualifications

• Insurance experience with a sound understanding of underwriting.
• Experience of, or aptitude for, scheme, delegated authority or coverholder business.
• Ability to monitor performance across schemes and the book.
• Comfortable working across pricing and product teams as well as underwriting.
• Good relationship and communication skills with attention to detail.
• Proactive approach to scheme and product design considerations.

Responsibilities

• Underwrite and assess schemes within guidelines, with binding decisions for approval when needed.
• Actively monitor scheme performance and flag issues early.
• Support the product team on design from an underwriting perspective.
• Assist pricing with underwriting insight and scheme knowledge.
• Build and maintain relationships with schemes and coverholders as a responsive contact.
• Support the delegated authority process without owning bordereaux or monitoring machinery.

Skills

Insurance underwriting

Scheme underwriting

Delegated authority

Cross-functional collaboration

Excel

Attention to detail

Relationship building

Communication skills

Education

Cert CII (or working towards it)

Job description

Underwriter (RDT579)

Greater Manchester

Specialist insurer in the UK market, writing a varied book of niche and specialty lines looking for an experienced Underwriter. This is a broad, hands-on scheme underwriting role with real variety. It is an environment with genuine breadth and autonomy: people here see the whole picture, their decisions carry weight, and the company are investing their own underwriting, pricing and technical capability - so there is real scope to build and own things.

Role Purpose

The Underwriter underwrite schemes within delegated authority, and takes an active role in keeping them performing - monitoring the book, building relationships with schemes and coverholders, and working with the pricing and product teams on pricing and product design. Working under the Underwriting Manager, the role combines scheme underwriting with performance monitoring and cross-functional support. It suits someone with solid insurance experience who wants breadth across underwriting, pricing and product rather than a narrow, case-by-case underwriting role.

Key Accountabilities

• Scheme underwriting - underwrite and assess schemes within guidelines, applying sound judgement and handling referrals within your remit, with binding decisions referred for approval.
• Performance monitoring - actively monitor the performance of schemes and the wider book, identifying issues early and flagging or acting on them.
• Product support - support the product team on product design, bringing an underwriting view to how schemes and products are built.
• Pricing support - support the pricing team with the underwriting insight and scheme knowledge that informs pricing.
• Client and scheme relationships - build and maintain relationships with schemes and coverholders, acting as a helpful and responsive point of contact.
• Delegated authority support - support the delegated authority process behind the schemes, without owning bordereaux, audit or the monitoring machinery.

Knowledge, skills and experience

Essential

• Insurance experience, with a sound understanding of underwriting.
• Experience of, or genuine aptitude for, scheme, delegated authority or coverholder business.
• The ability to monitor performance.
• Comfortable working across functions - with pricing and product, not just underwriting.
• Good relationship and communication skills.
• Strong attention to detail and strong Excel skills.

Desirable

• Experience underwriting schemes, binders or delegated authority business specifically.
• Exposure to product design or pricing.
• Knowledge of the GFSC regime or comparable UK (FCA/PRA) experience.
• Cert CII or working towards it.