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- Tasks: Manage and optimise commercial insurance portfolios while driving profitable growth.
- Company: Leading MGA in the commercial insurance market with a dynamic culture.
- Benefits: Competitive salary up to £70,000 plus benefits and hybrid working options.
- Why this job: Shape underwriting strategy and make a real impact in a fast-paced environment.
- Qualifications: Experience in portfolio management and strong technical underwriting skills required.
- Other info: Opportunity for career growth and influence in strategic initiatives.
The predicted salary is between 42000 - 84000 £ per year.
A leading MGA operating within the commercial insurance market is seeking an experienced Portfolio Underwriter to take ownership of the performance and profitability of key commercial product and scheme portfolios. This is a high-profile role combining deep technical underwriting expertise with strategic portfolio management. The successful candidate will shape underwriting strategy, influence product development, and use data-driven insight to drive profitable growth across SME Property & Liability portfolios. This opportunity suits an individual who is passionate about portfolio optimisation, risk selection, and building market-leading propositions within a dynamic and entrepreneurial environment.
The Portfolio Underwriter will be directly accountable for portfolio performance, working across multiple product lines to ensure alignment with risk appetite, pricing strategy, and business objectives. The role will involve analysing portfolio MI, identifying trends, and recommending enhancements to underwriting strategy, rules, and product design. The postholder will play a key role in strategic commercial growth projects and act as a trusted partner to underwriting, pricing, and senior leadership teams.
Key Responsibilities of the Portfolio Underwriter- Own the performance and profitability of assigned products and schemes against budgeted targets
- Monitor, analyse, and interpret MI to identify trends, opportunities, and emerging risks
- Lead development and implementation of portfolio underwriting strategies, rules, and terms
- Conduct deep-dive analysis on conversion, retention, customer behaviour, and claims performance
- Produce regular portfolio reporting and monthly independent analysis
- Support the full product lifecycle, ensuring underwriting guides and documentation remain current
- Build strong relationships across underwriting, pricing, distribution, and senior leadership
- Influence stakeholders with clear, evidence-based recommendations
- Contribute to strategic initiatives focused on commercial growth and product development
- Represent the business in relevant market and MGA forums
- Proven track record of managing portfolio risk selection and owning underwriting performance
- Strong technical underwriting background in SME Property & Liability
- Experience of portfolio MI analysis, underwriting rules management, and product development
- Demonstrated ability to interpret data and translate insight into actionable strategy
- Expert knowledge of underwriting principles, risk selection, and portfolio management
- Excellent communication, presentation, and storytelling skills
- Strategic thinker who challenges the status quo and proposes practical solutions
- Highly organised with the ability to manage multiple projects and deadlines
- Experience within MGA, insurer, or delegated authority environments preferred
- ACII / DIP qualification or working towards preferred
Portfolio Underwriter employer: Equation Recruitment
Contact Detail:
Equation Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Portfolio Underwriter
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or at events. We all know that sometimes it’s not just what you know, but who you know that can help you land that Portfolio Underwriter role.
✨Tip Number 2
Prepare for interviews by brushing up on your technical underwriting knowledge. We recommend practising common interview questions and scenarios related to portfolio management. Show them you’re the strategic thinker they need!
✨Tip Number 3
Don’t forget to showcase your analytical skills! Be ready to discuss how you’ve used data-driven insights in past roles to influence underwriting strategies. We want to see how you can drive profitable growth!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search. Let’s get you that Portfolio Underwriter position!
We think you need these skills to ace Portfolio Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Portfolio Underwriter role. Highlight your experience in managing portfolio risk selection and your technical underwriting background. We want to see how your skills align with our needs!
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Use specific examples of how you've improved portfolio performance or influenced product development. This helps us see the impact you've made in previous roles.
Craft a Compelling Cover Letter: Your cover letter is your chance to tell your story. Explain why you're passionate about portfolio optimisation and how you can contribute to our strategic initiatives. We love seeing genuine enthusiasm for the role!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss any important updates from us!
How to prepare for a job interview at Equation Recruitment
✨Know Your Numbers
As a Portfolio Underwriter, you'll need to demonstrate your ability to analyse portfolio MI. Brush up on key metrics and trends relevant to SME Property & Liability. Be ready to discuss how you've used data in past roles to drive profitability and make strategic decisions.
✨Showcase Your Strategic Thinking
This role requires a strategic mindset. Prepare examples of how you've influenced underwriting strategies or contributed to product development in previous positions. Highlight your ability to challenge the status quo and propose practical solutions that align with business objectives.
✨Build Relationships
Strong stakeholder engagement is crucial. Think about how you've built relationships across teams in the past. Be prepared to share specific instances where your communication and presentation skills helped influence decision-making or foster collaboration.
✨Stay Current with Industry Trends
The commercial insurance market is dynamic, so it's essential to stay informed about emerging risks and trends. Research recent developments in the industry and be ready to discuss how they might impact portfolio management and underwriting strategies.