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- Tasks: Lead the development and execution of underwriting strategies for specialist motor insurance products.
- Company: ERS, the UK's largest specialist motor insurer with an A+ rating.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Why this job: Make a real impact in the insurance industry while working with passionate professionals.
- Qualifications: Extensive knowledge in underwriting, risk assessment, and strong analytical skills.
- Other info: Opportunity for career growth and to shape the future of motor insurance.
The predicted salary is between 48000 - 72000 £ per year.
About us 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.
The role 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. You will be responsible for materially contributing to the achievement of our short to medium-term financial plans through translating specialist underwriting knowledge into an implementable set of rules. The role is highly market visible, involving extensive broker contact when communicating our strategy, managing the financial performance of existing relationships and in seeking to broaden our market penetration.
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.
Senior Underwriter - Fleet employer: ERS Administration Services
Contact Detail:
ERS Administration Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Fleet
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, especially those in the motor insurance sector. Attend events, join online forums, and don’t be shy to reach out on LinkedIn – you never know who might help you land that Senior Underwriter role!
✨Tip Number 2
Show off your expertise! When you get the chance to chat with brokers or potential employers, make sure to highlight your specialist underwriting knowledge. Share insights on market trends and how you can contribute to their strategy – it’ll set you apart from the crowd.
✨Tip Number 3
Prepare for interviews by diving deep into ERS’s products and strategies. Understand their underwriting appetite and think about how your experience aligns with their goals. This will not only impress them but also show that you’re genuinely interested in being part of their team.
✨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. So, go ahead and submit your application – we can’t wait to see what you bring to the table!
We think you need these skills to ace Senior Underwriter - Fleet
Some tips for your application 🫡
Show Your Passion for Motor Insurance: When writing your application, let your enthusiasm for motor insurance shine through. We want to see how you connect with the industry and understand the unique needs of our clients. Share any relevant experiences that highlight your passion!
Tailor Your Application: Make sure to customise your application to reflect the specific requirements of the Senior Underwriter role. Use keywords from the job description and demonstrate how your skills align with our underwriting strategy and market knowledge.
Highlight Your Analytical Skills: Since this role involves managing portfolio performance and analysing results, be sure to showcase your analytical abilities. Provide examples of how you've used data to drive decisions or improve performance in previous roles.
Apply Through Our Website: We encourage you to apply directly through our website for a smoother process. This way, we can easily track your application and ensure it gets the attention it deserves. Plus, it shows you're keen on joining our team!
How to prepare for a job interview at ERS Administration Services
✨Know Your Underwriting Inside Out
Make sure you brush up on your underwriting knowledge, especially in the motor insurance sector. Understand the latest trends, risks, and products ERS offers. This will not only show your expertise but also demonstrate your genuine interest in the role.
✨Prepare for Broker Interaction Scenarios
Since the role involves extensive broker contact, think about how you would handle various scenarios with brokers. Prepare examples of past experiences where you've successfully managed relationships or resolved issues, as this will highlight your communication skills and strategic thinking.
✨Showcase Your Analytical Skills
Be ready to discuss how you've used data analysis to drive performance improvements in previous roles. Bring specific examples of how your recommendations have led to better financial outcomes, as this aligns perfectly with the responsibilities of managing portfolio performance.
✨Ask Insightful Questions
Prepare thoughtful questions that reflect your understanding of ERS's strategy and market position. Inquire about their approach to refining underwriting appetite or how they foresee market changes impacting their products. This shows you're not just interested in the job, but also in the company's future.
