Senior Underwriter - Fleet in London

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 involves being a leading underwriter of a wide range of specialist motor insurance products. 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.

• 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.
• Understanding the risk environment in which we operate. Contribution to the identification and mitigation of the key risks which threaten the success and sustainability of our business.
• 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.

• 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.
• Extensive knowledge of and experience in a sophisticated underwriting control environment which allows us to execute 'first line of defence' activity, with a focus on constant performance improvement.

• Effective Communication Skills
• Initiative & Change
• Driving & Delivering Results
• Planning & Organising
• Analytical Mindset
• Problem Solving
• Decision Making
• Building Relationships
• Strategic Thinking

Competitive Benchmarked Salary, 25 days holiday, Discretionary bonus scheme, Employee assistance programme, Annual holiday buy (up to 3 extra days), Salary sacrifice benefits, Annual benefits reviews, The option for professional qualifications and study support.