Underwriter

Underwriter

Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Oversee underwriting performance and ensure accurate processing of submissions.
  • Company: Join Car Care Plan, a leader in vehicle warranty products across 75 countries.
  • Benefits: Enjoy growth potential, a supportive team environment, and the chance to make a real impact.
  • Why this job: This role offers a unique opportunity to apply your expertise and drive change in a dynamic business.
  • Qualifications: Experience in senior underwriting roles and knowledge of the motor sector is essential.
  • Other info: Recruitment includes interviews and assessments to find the best fit.

The predicted salary is between 43200 - 72000 £ per year.

Car Care Plan, an AmTrust International business, are a leading provider of award-winning vehicle warranty and asset protection products to 1.2 million motorists across 75 countries worldwide. Our automotive protection expertise ensures dependable products, high customer satisfaction rates and successful motoring, through a straightforward, hassle-free approach to business.

Working directly with the Chief Underwriting officer and managing a team of Underwriters, this role will focus on overseeing underwriting performance for a portion of CCP's global insurance business, and ensuring accurate and compliant processing of new, renewal, and midterm submissions.

Essential functions of this role will include but are not limited to:

  • Working with Actuarial / Pricing personnel to review their pricing calculations and to ensure that the prices calculated are appropriate as well as producing quarterly updates and reports.
  • Maintain a constant focus on the underwriting profitability of all programmes with a view of achieving company profit objectives.
  • Carry out a monthly review of underwriting performance on all allocated programmes and to identify in writing key movements arising each month and any action required as a result.
  • Co-ordinate annual reviews of all allocated programmes to ensure that any changes in customer requirements are identified and calculated.
  • To identify improvements in systems and procedures both within CCP and its partners.

This is an exciting and rare opportunity for a driven individual to apply their underwriting expertise - both technical and commercial – and take on a role with true growth potential and to make a real difference in an ever expanding business.

Previous experience within a senior underwriting role where you have led and had to make complex decisions based on strategic analysis of market trends is key. Knowledge of the motor sector – including fleet or warranty is a must as is the ability to lead a team with support and confidence.

Successful candidates will also be able to demonstrate excellent communication skills – both verbal and written – as well as strong organisational skills, financial acumen, flexibility in the way you work as well as a true passion for working with people and understanding the importance of building relationships.

For more information and to show your interest, submit your CV. Please note the recruitment process of this role will include: Telephone Interview, Online Verbal & Numerical assessment & 2 stage in person interviews.

Underwriter employer: Car Care Plan

Car Care Plan, part of AmTrust International, is an exceptional employer that prioritises employee growth and development within a dynamic work culture. Located in a thriving industry, we offer competitive benefits, including opportunities for professional advancement and a collaborative environment where your contributions truly matter. Join us to be part of a forward-thinking team dedicated to delivering outstanding automotive protection solutions while enjoying a fulfilling career.
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Contact Detail:

Car Care Plan Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Underwriter

✨Tip Number 1

Familiarise yourself with the latest trends in the motor sector, especially regarding fleet and warranty products. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the industry.

✨Tip Number 2

Prepare to discuss your previous experience in leading underwriting teams. Be ready to share specific examples of how you've made complex decisions based on market analysis, as this will showcase your strategic thinking skills.

✨Tip Number 3

Practice your communication skills, both verbal and written. Since the role requires excellent communication, consider conducting mock interviews or writing summaries of your past experiences to refine your delivery.

✨Tip Number 4

Research Car Care Plan and AmTrust International thoroughly. Understanding their business model and values will allow you to tailor your responses during the interview process, showing that you're a great fit for their team.

We think you need these skills to ace Underwriter

Underwriting Expertise
Team Leadership
Financial Acumen
Analytical Skills
Market Trend Analysis
Communication Skills
Organisational Skills
Attention to Detail
Problem-Solving Skills
Knowledge of Motor Sector
Report Writing
Relationship Building
Flexibility
Strategic Decision-Making

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, particularly in the motor sector. Emphasise any leadership roles and your ability to make complex decisions based on market trends.

Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention specific examples of how your skills align with the responsibilities outlined in the job description, such as overseeing underwriting performance and working with actuarial teams.

Highlight Communication Skills: Since excellent communication skills are essential for this role, provide examples in your application that demonstrate your verbal and written communication abilities. This could include experiences where you successfully led a team or communicated complex information clearly.

Prepare for Assessments: As part of the recruitment process, you'll face online verbal and numerical assessments. Brush up on these skills beforehand to ensure you're well-prepared and can showcase your financial acumen effectively.

How to prepare for a job interview at Car Care Plan

✨Know Your Numbers

As an Underwriter, you'll need to demonstrate your financial acumen. Brush up on key metrics related to underwriting performance and be prepared to discuss how you would analyse pricing calculations and profitability during the interview.

✨Showcase Your Leadership Skills

Since this role involves managing a team of Underwriters, be ready to share examples of how you've successfully led teams in the past. Highlight your ability to support and inspire others while making complex decisions based on market trends.

✨Understand the Motor Sector

Familiarise yourself with the latest trends and challenges in the motor sector, especially regarding fleet and warranty products. This knowledge will not only impress your interviewers but also show your genuine interest in the industry.

✨Prepare for Scenario Questions

Expect scenario-based questions that assess your problem-solving skills and decision-making process. Think about past experiences where you had to identify improvements in systems or procedures and be ready to discuss them in detail.

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