Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Support product development and manage key accounts while analyzing underwriting performance metrics.
- Company: Join Markerstudy Insurance Services, a leading UK Managing General Agent specializing in niche motor insurance.
- Benefits: Enjoy remote work flexibility, 25 days annual leave, health cash plan, and life assurance.
- Why this job: Be part of a collaborative team that values your input and fosters strong broker relationships.
- Qualifications: Experience in underwriting, data analysis, and excellent communication skills are essential.
- Other info: Opportunity to train and mentor junior underwriters while working with cutting-edge tools like Power BI.
The predicted salary is between 36000 - 60000 £ per year.
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:
- 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.
- Present pricing recommendations to the Product Head based on analysis of data, broker intel, pricing and MI team.
- Manage new product developments and amendments.
- Research the market, through broker intel, media and personal contacts, to remain up to date on all developing issues and opportunities.
- Management of 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.
- Nurture broker relationships to meet the needs of the business plan whilst using that relationship to obtain feedback from our customers of their experience.
- Investigate and respond to queries from the operational area in relation to policy issues.
- Train and mentor junior underwriters, sharing expertise and best practices.
About You:
- Experienced Underwriter.
- Data Mining Experience.
- Analytical background.
- Previous experience within the insurance market.
- Commercial awareness, market knowledge, process awareness.
- Data analysis including presentation of observations and proposed actions.
- Work well within a team environment as well as able to self-motivate and use initiative.
- Good knowledge of Excel functions.
- Excellent communication skills.
- 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?
- A collaborative and fast-paced work environment.
- 25 days annual leave plus Bank Holidays and the ability to buy an additional five days holiday.
- Health Cash Plan.
- A benefit scheme that offers discounts and cashback on shopping, restaurants, travel and more.
- Life Assurance 4x annual salary.
#J-18808-Ljbffr
Senior Underwriter employer: Markerstudy Group
Contact Detail:
Markerstudy Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter
✨Tip Number 1
Make sure to highlight your experience in data mining and analysis during the interview. This role requires a strong analytical background, so be prepared to discuss specific examples of how you've used data to inform underwriting decisions.
✨Tip Number 2
Familiarize yourself with the latest trends in the insurance market, especially in niche motor cover. Being able to discuss current market developments and how they impact underwriting will show your commercial awareness and market knowledge.
✨Tip Number 3
Build on your communication skills by practicing how to present pricing recommendations clearly and confidently. Since you'll be presenting to the Product Head, being articulate and persuasive is key.
✨Tip Number 4
If you have experience with tools like SAS, Databricks, or Power BI, be ready to discuss how you've used these in previous roles. Demonstrating your technical proficiency can set you apart from other candidates.
We think you need these skills to ace Senior Underwriter
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Senior Underwriter position. Highlight key responsibilities and required skills that match your experience, such as data analysis and underwriting performance metrics.
Tailor Your CV: Customize your CV to reflect your relevant experience in underwriting and data mining. Emphasize your analytical background and any previous roles within the insurance market to align with the company's needs.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the insurance market and your ability to manage key accounts. Mention specific examples of how you've successfully developed products or nurtured broker relationships in the past.
Highlight Technical Skills: In your application, be sure to mention your proficiency in Excel and any experience with SAS software, Databricks, Power BI, or Radar. These technical skills are beneficial for the role and should be clearly stated.
How to prepare for a job interview at Markerstudy Group
✨Understand the Role and Responsibilities
Make sure you have a clear understanding of the key responsibilities outlined in the job description. Be prepared to discuss how your experience aligns with managing new product developments, analyzing underwriting performance metrics, and nurturing broker relationships.
✨Showcase Your Analytical Skills
Since the role requires strong data analysis skills, be ready to provide examples of how you've used data mining and analytical techniques in your previous positions. Highlight any experience with tools like Excel, SAS, or Power BI that can support your claims.
✨Demonstrate Commercial Awareness
Familiarize yourself with the current trends in the insurance market, especially in niche motor cover. Being able to discuss recent developments or challenges in the industry will show your potential employer that you are proactive and knowledgeable.
✨Prepare for Behavioral Questions
Expect questions about teamwork and mentoring junior underwriters. Prepare specific examples that demonstrate your ability to work well in a team, self-motivate, and share best practices effectively.
