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- Tasks: Underwrite and price schemes using data analysis and pricing models.
- Company: Join a leading insurance firm with a focus on innovation.
- Benefits: Competitive salary, flexible working options, and professional growth opportunities.
- Other info: Collaborative team culture with opportunities for career advancement.
- Why this job: Make impactful decisions in a dynamic, data-driven environment.
- Qualifications: Strong analytical skills and experience in portfolio underwriting.
The predicted salary is between 55000 - 65000 £ per year.
We’re looking for a Senior Schemes Underwriter to join our underwriting team in a highly technical, portfolio‑focused role. You’ll work on large books of Legal Expenses and Home Emergency business; using data, risk analysis and various pricing models to underwrite new and existing scheme arrangements. You’ll be responsible for underwriting and pricing scheme business across our portfolio and work closely with our insurer capacity providers, as well as our Commercial and Product teams; discuss and underwrite technical cover queries, develop pricing proposals and review scheme performances.
Key responsibilities include:
- Pricing and underwriting new scheme opportunities
- Reviewing performance and profitability of existing scheme portfolios
- Analysing data including loss ratios, trends and underwriting performance
- Producing pricing models, MI and renewal recommendations
- Writing and explaining clear and considered underwriting rationales
- Working within binding authority limits and escalating referrals where required
- Maintaining strong relationships with insurer and underwriting partners as well as internal stakeholders
- Supporting the ongoing development and improvement of pricing models, underwriting processes and subject matter thought leadership.
This is a highly analytical role, with significant use of Excel, and would suit someone who enjoys working with data and making complex portfolio-level underwriting decisions; rather than individual case underwriting.
About You
We’re keen to speak to candidates with strong technical underwriting capability. While experience in Legal Expenses Insurance would be ideal, it isn’t essential provided you bring the right analytical and underwriting background.
Essential:
- Proven underwriting experience within insurance
- Experience of scheme, portfolio or pricing‑led underwriting (rather than case‑by‑case)
Senior Schemes Underwriter employer: Arc Legal Group
Contact Detail:
Arc Legal Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Schemes Underwriter
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working as underwriters. A casual chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Show off your analytical skills! When you get the chance to meet potential employers, be ready to discuss how you've used data and pricing models in your previous roles. Real-life examples will make you stand out.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and tailor your approach to each one.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you fresh in their minds. Mention something specific from your conversation to show you were engaged and interested.
We think you need these skills to ace Senior Schemes Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in underwriting and data analysis. We want to see how your skills align with the Senior Schemes Underwriter role, so don’t be shy about showcasing your achievements in pricing and portfolio management!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for our team. Mention specific experiences that relate to the job description, especially around scheme opportunities and technical underwriting.
Show Off Your Analytical Skills: Since this role is highly analytical, make sure to highlight your experience with data analysis and Excel. We love candidates who can demonstrate their ability to produce pricing models and analyse performance metrics, so give us the details!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining StudySmarter!
How to prepare for a job interview at Arc Legal Group
✨Know Your Numbers
As a Senior Schemes Underwriter, you'll be dealing with data and analytics. Brush up on your understanding of loss ratios, trends, and pricing models. Be ready to discuss how you've used these in past roles to make informed underwriting decisions.
✨Showcase Your Technical Skills
This role is highly analytical, so make sure to highlight your Excel skills and any experience with data analysis tools. Prepare examples of how you've used these skills to improve underwriting processes or develop pricing proposals.
✨Understand the Business
Familiarise yourself with the company's portfolio, especially in Legal Expenses and Home Emergency business. Research their current schemes and think about how you can contribute to their performance. This shows you're genuinely interested and proactive.
✨Build Relationships
Since maintaining strong relationships with insurer partners and internal stakeholders is key, prepare to discuss how you've successfully collaborated with others in previous roles. Think of specific examples where your communication skills made a difference.