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For Companies At a Glance
- Tasks: Lead the underwriting team to drive profitable growth in direct car products.
- Company: Join Markerstudy Group, a top player in the UK motor insurance market.
- Benefits: Enjoy flexible hybrid working with minimal office time and travel opportunities.
- Why this job: Be part of a dynamic team focused on innovation and customer experience.
- Qualifications: Experience in underwriting and managing private car portfolios is essential.
- Other info: Collaborate with a skilled team and contribute to strategic business decisions.
The predicted salary is between 43200 - 72000 £ per year.
Join to apply for the Product Head role at Markerstudy Group
Location: Whitstable
Role Overview
Exciting opportunity for a Product Head to join the underwriting team at Markerstudy Group. The purpose of this role is to drive profitable growth of the direct car product ensuring alignment of underwriting strategy, retail pricing, systems and processes to achieve profit and volume targets and long term business goals.
Very flexible hybrid working, with limited office time required. However, when office time is required, it may involve travel to locations such as London and Manchester. If you are interested in the position, we can discuss further what this looks like at screening stage.
Key Accountabilities
- Manage trading results to ensure delivery of budget and long term business goals.
- Ensure retail pricing & acceptance criteria are optimal to achieve profit and growth objectives.
- Define the target customer market ensuring alignment of product and customer experience.
- Manage the risk profile, competitive position & pricing accuracy to ensure we are operating within agreed appetite.
- Ensure the underwriting process is optimal from an operational & customer perspective.
- Ensure question sets, policy wordings & documentation is technically correct and compliant.
- Analyse emerging trends, quantify impacts and put plans in place to address.
- Maintain a strong control environment ensuring issues & incidents are effectively addressed.
- Ensure effective auditing to ensure payments, systems & processes are operating as designed.
- Provide market and competitor analysis ensuring this is translated into actionable plans.
- Contribute to the development of business strategy to drive channel value.
- Develop and maintain effective partnership relationships, both internal and external.
Skills And Experience Required
- Collaborative, results driven self-starter who enjoys working in a highly accountable environment to drive the business forward.
- Previous underwriting experience having managed a significant private car portfolio with an element of non-standard business.
- Extensive experience balancing profit/volume/income dynamics to drive optimal trading results.
- Excellent technical underwriting and account management skills.
- Appreciation of the importance of the customer experience and continuous improvement.
- Strong problem solving skills with ability to break complex issues down to create new solutions.
- Numerate & analytical with an excellent understanding of pricing models, tools and analytics.
- Ability to work with all areas of the business to contribute, shape and deliver business strategy.
- Ability to lead and contribute on a broader level across the leadership team.
- Ability to manage and develop an Assistant Underwriter.
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.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Product Management and Marketing
Industries
Marketing Services
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Product Head employer: Markerstudy Ltd
Contact Detail:
Markerstudy Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product Head
✨Tip Number 1
Familiarize yourself with the latest trends in the car insurance market. Understanding emerging trends and how they impact pricing and customer experience will help you stand out during discussions.
✨Tip Number 2
Network with professionals in the underwriting field, especially those who have experience with private car portfolios. Building relationships can provide insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your previous experiences in managing trading results and balancing profit/volume dynamics. Be ready to share specific examples that demonstrate your analytical skills and problem-solving abilities.
✨Tip Number 4
Showcase your collaborative mindset by thinking about how you can contribute to the broader leadership team. Highlight any past experiences where you successfully worked across departments to achieve business goals.
We think you need these skills to ace Product Head
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Product Head position at Markerstudy Group. Make sure you understand the key accountabilities and required skills, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasize your previous underwriting experience, especially if you've managed a significant private car portfolio. Use specific examples to demonstrate your ability to balance profit, volume, and income dynamics.
Showcase Analytical Skills: Since the role requires strong analytical skills, be sure to mention any experience you have with pricing models, tools, and analytics. Provide examples of how you've used these skills to drive optimal trading results in past roles.
Tailor Your Application: Customize your cover letter to reflect your understanding of Markerstudy Group's business strategy and how you can contribute to it. Mention your collaborative approach and problem-solving skills, as these are crucial for the role.
How to prepare for a job interview at Markerstudy Ltd
✨Understand the Underwriting Strategy
Make sure you have a solid grasp of the underwriting strategy that Markerstudy Group employs. Be prepared to discuss how your experience aligns with their approach and how you can contribute to driving profitable growth.
✨Showcase Your Analytical Skills
Highlight your numerate and analytical abilities during the interview. Be ready to provide examples of how you've used pricing models and analytics in previous roles to achieve optimal trading results.
✨Demonstrate Collaborative Leadership
Since the role requires working across various teams, emphasize your collaborative nature and leadership skills. Share experiences where you've successfully led teams or projects, particularly in a highly accountable environment.
✨Prepare for Market Analysis Discussion
Be prepared to discuss market and competitor analysis. Think about trends you've observed in the industry and how they could impact Markerstudy Group's products. This shows your proactive approach and understanding of the market landscape.
