Underwriting Portfolio Manager - P&C

TN United Kingdom; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking an Underwriting Manager to support the CUO and Portfolio Director in building and reviewing underwriting plans. This role involves collaborating with insurers and the MGA, analyzing data, and developing best practices in underwriting. The ideal candidate will have a strong technical background in Property or Casualty insurance, alongside excellent data analysis and communication skills. Join a dynamic team that values professional development and offers a competitive salary and benefits package, including flexible benefits and pension schemes.

Benefits

Holiday allowance

Death in service benefit

Pension scheme

Flexible benefits

Professional development opportunities

Environmental initiatives

Qualifications

• ACII or progressing towards it is essential.
• Technical underwriting experience in Property or Casualty insurance is required.

Responsibilities

• Attend insurer meetings and collaborate with the MGA on strategies.
• Monitor loss ratio targets and recommend corrective actions.
• Support the MGU in implementing consistent underwriting standards.

Skills

Technical underwriting experience

Data analysis skills

Knowledge of underwriting calculations

Proficiency in Excel

Proficiency in PowerPoint

Solutions-focused approach

Education

ACII or progressing towards it

Tools

Excel

PowerPoint

Job description

The job description provides detailed information about the role, responsibilities, experience, and benefits, but its formatting and focus could be improved for clarity and engagement.

Revisions include:

1. Using consistent HTML tags for headings and lists to enhance readability.
2. Removing redundant or overly detailed sections that are not directly relevant to the core job description.
3. Ensuring the description remains focused on the job role, responsibilities, and minimum requirements.

Below is a refined version of the job description with improved formatting:

Job Description

The Role:

Underwriting Manager P & C

To support the CUO and Portfolio Director with underwriting expertise to help build, analyse, and review underwriting plans—liaising regularly between insurers and the MGA in the development of underwriting strategy specific to binders/insurers and in developing and monitoring best practice underwriting standards across the business.

Responsibilities:

• Attend insurer meetings—both formal and ad hoc—and produce or provide inputs as required; work with the MGA to implement agreed underwriting and pricing strategies.
• Analyse data and provide key findings and recommendations.
• Monitor loss ratio targets by binder and recommend corrective actions.
• Build underwriting plans for finalisation and approval within the MGU and with insurers.
• Collaborate with business teams and technical managers to understand performance issues.
• Provide impact analysis of proposed portfolio changes.
• Model and present adhoc data for capacity partners and support the selection and securing of new capacity partners.
• Support the MGU in designing and implementing consistent underwriting standards.
• Liaise with technical managers to develop best practices and systematic approaches to technical underwriting.
• Monitor adherence to underwriting standards.
• Support proposition development and implementation for new and existing binders.

Experience:

The ideal candidate should possess:

• ACII or progressing towards it.
• Technical underwriting experience in Property or Casualty insurance.
• Experience in an insurance company underwriting role.
• Knowledge of underwriting calculations such as loss ratios and combined ratios.
• Strong data analysis skills.
• Proficiency in Excel and PowerPoint.
• Solutions-focused approach with a profit and growth mindset.

Additional Information:

We offer a competitive salary and benefits including holiday allowance, death in service benefit, pension scheme, flexible benefits, discounts, professional development opportunities, and environmental initiatives.