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- Tasks: Lead the development of innovative motor insurance strategies and collaborate with a dynamic team.
- Company: Join ERS, the UK's largest specialist motor insurer with an A+ rating.
- Benefits: Enjoy competitive salary, career growth, and a chance to make a real impact.
- Why this job: Shape the future of motor insurance while working with industry experts.
- Qualifications: Proven experience in underwriting and strong analytical skills required.
- Other info: Be part of a forward-thinking company that values innovation and teamwork.
The predicted salary is between 36000 - 60000 ÂŁ per year.
ERS is the UK's largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it's a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn't enough. That's why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.
ERS is a leading underwriter of a wide range of specialist motor insurance products. Within ERS’ strategy of being the UK’s leading specialist motor insurer, our focus is on delivering sustainable, high margin growth through the provision of quality propositions to a wide range of broker partners.
The Senior Underwriter’s primary responsibilities are for the execution of our underwriting strategy and development of our underwriting appetite, working closely with the Pricing and Technology teams, as well as other stakeholders across the business including our operations teams.
Key responsibilities:- Leading the development of the underwriting strategy for our product(s) based on your market knowledge and product expertise whilst being responsible for executing the underwriting strategy through working with the product delivery team.
- Contributing to the management of portfolio performance through the analysis of results, execution of our selection and pricing strategies and providing recommendations that will drive continuous performance improvement, thus ensuring that we will meet or exceed our financial plans.
- Working alongside the Product Performance Analysts within the team, providing them with direction and support to improve their knowledge and utilising their skills to support the delivery of our strategic goals.
- Providing input to constantly refine our underwriting appetite to ensure that we take advantage of market opportunities and outperform our peers through superior risk selection and proactive management of our business mix.
- Acting as a point of technical referral from other members of the underwriting team, brokers, and other internal functions, using your extensive risk, product and pricing knowledge to inform appropriate decisions in respect of those referrals.
- Provide feedback to Product Managers & Heads of Class and to members of our Pricing team relating to the effectiveness of our risk pricing models to help us constantly drive enhanced sophistication and accuracy in our risk pricing.
- Working closely with all areas of the business to ensure that we deliver a clear and seamless set of propositions to the market.
- Providing substantial contribution to our “first line of defence” activities, using audit and peer-review tools, complemented by exception reporting and performance MI, to constantly assess and monitor our underwriting activities to ensure that all business is being written in accordance with our stated underwriting authorities, agreed processes and in compliance with our regulatory and conduct standards.
The above duties and responsibilities are not an exhaustive list and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.
Essential qualifications, skills and experience:This role carries strategic input and financial responsibility as well as being recognised as a market leading subject matter expert in our product(s). We therefore require our role-holders to demonstrate leadership and management capabilities and to possess the following skills, attributes and knowledge:
- The ability to collaborate with a talented team of people towards the achievement of a set of challenging financial targets.
- Possessing extensive technical knowledge of the product(s), including the features of the product, factors that drive product performance, market dynamics which influence how the product is delivered and the requirements of customers using the product(s).
- To demonstrate gravitas and clarity of purpose which will give confidence to senior stakeholders, both internally and externally.
- The ability to produce coherent and comprehensive Microsoft PowerPoint presentations to be presented at various committees, including senior stakeholders, both internally and externally.
- Extensive commercial awareness, being able to spot and take advantage of opportunities and to fulfil their role in a way which enhances our financial performance.
- Detailed understanding of pricing practices and methodologies with the ability and experience to help us constantly enhance our pricing capability, providing insight and feedback on our pricing models.
- Effective Communication Skills
- Initiative & Change
- Driving & Delivering Results
- Planning & Organising
- Analytical Mindset
- Problem Solving
- Decision Making
- Commercial Awareness (including Financial Awareness)
- Building Relationships
- Strategic Thinking
- Leadership
A full job description will be found here.
Senior Underwriter - Motor Innovation in City of London employer: ERS Administration Services
Contact Detail:
ERS Administration Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Motor Innovation in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with professionals on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its products. Understand their market position and be ready to discuss how your skills can help them achieve their goals. Show them you’re not just another candidate!
✨Tip Number 3
Practice your pitch! Be clear about your experience and how it aligns with the role of Senior Underwriter. Use examples that highlight your technical knowledge and problem-solving skills to impress the interviewers.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our brand.
We think you need these skills to ace Senior Underwriter - Motor Innovation in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Senior Underwriter role. Highlight your technical knowledge of motor insurance and any relevant achievements that showcase your ability to meet financial targets.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're passionate about motor insurance and how your expertise aligns with our underwriting strategy. Be sure to mention specific examples of how you've contributed to portfolio performance in the past.
Showcase Your Analytical Skills: Since this role involves a lot of analysis, make sure to include examples of how you've used data to drive decision-making. Whether it's improving pricing models or assessing risk, we want to see your analytical mindset in action.
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. This way, you can ensure all your documents are submitted correctly and reach us without any hiccups!
How to prepare for a job interview at ERS Administration Services
✨Know Your Products Inside Out
As a Senior Underwriter, you'll need to demonstrate extensive technical knowledge of motor insurance products. Make sure you research the specific features, market dynamics, and customer requirements related to the role. This will not only help you answer questions confidently but also show your passion for the industry.
✨Showcase Your Analytical Skills
Prepare to discuss how you've used data analysis to drive performance improvements in previous roles. Be ready to provide examples of how you've contributed to portfolio management and pricing strategies. This will highlight your analytical mindset and problem-solving abilities, which are crucial for this position.
✨Practice Your Presentation Skills
You'll likely need to present to senior stakeholders, so brush up on your Microsoft PowerPoint skills. Prepare a mock presentation on a relevant topic, focusing on clarity and coherence. This will help you feel more comfortable during the interview and demonstrate your ability to communicate effectively.
✨Demonstrate Leadership and Collaboration
The role requires collaboration with various teams, so be prepared to discuss your leadership experiences. Share examples of how you've worked with others to achieve challenging financial targets, and highlight your ability to build relationships. This will show that you're not just a technical expert but also a team player.
