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- Tasks: Lead the development of innovative motor insurance strategies and collaborate with diverse teams.
- Company: Join ERS, the UK's largest specialist motor insurer with an A+ rating.
- Benefits: Enjoy competitive salary, career growth, and a dynamic work environment.
- Other info: Opportunity to work in a fast-paced, innovative setting with excellent career prospects.
- Why this job: Make a real impact in the motor insurance industry with your expertise.
- Qualifications: Extensive knowledge in motor insurance and strong leadership skills required.
The predicted salary is between 48000 - 72000 £ 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.
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 include:
- Leading the development of the underwriting strategy for our product(s) based on market knowledge and product expertise.
- Contributing to the management of portfolio performance through analysis of results and execution of selection and pricing strategies.
- Working alongside the Product Performance Analysts, providing direction and support to improve their knowledge.
- Providing input to refine our underwriting appetite to take advantage of market opportunities.
- Acting as a point of technical referral from other members of the underwriting team and brokers.
- Providing feedback to Product Managers & Heads of Class regarding the effectiveness of our risk pricing models.
- Working closely with all areas of the business to deliver a clear set of propositions to the market.
- Contributing to our "first line of defence" activities to assess and monitor underwriting activities.
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. We require our role-holders to demonstrate leadership and management capabilities and possess the following skills:
- The ability to collaborate with a talented team towards achieving challenging financial targets.
- Extensive technical knowledge of the product(s) and market dynamics.
- Demonstrating gravitas and clarity of purpose to give confidence to senior stakeholders.
- The ability to produce coherent Microsoft PowerPoint presentations for various committees.
- Extensive commercial awareness to spot and take advantage of opportunities.
- Detailed understanding of pricing practices and methodologies.
Desirable behavioural attributes
- 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 London employer: ERS
Contact Detail:
ERS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Motor Innovation in 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 relates to the role of Senior Underwriter. Tailor your responses to highlight your technical knowledge and commercial awareness, making sure to align with their needs.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. 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 London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in motor insurance and underwriting. We want to see how your skills align with our needs, so don’t be shy about showcasing your relevant expertise!
Showcase Your Technical Knowledge: Since this role requires extensive technical knowledge of motor insurance products, make sure to include specific examples of your experience. We love seeing candidates who can demonstrate their understanding of market dynamics and product performance.
Be Clear and Concise: When writing your application, keep it clear and to the point. Use straightforward language and avoid jargon unless it's industry-specific. We appreciate a well-structured application that’s easy to read!
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at ERS
✨Know Your Products Inside Out
Make sure you have a solid understanding of the motor insurance products you'll be dealing with. Brush up on market dynamics, product features, and what drives performance. This knowledge will help you answer questions confidently and show that you're the right fit for the Senior Underwriter role.
✨Showcase Your Analytical Skills
Be prepared to discuss how you've used data analysis in your previous roles. Highlight specific examples where your insights led to improved performance or strategic decisions. This will demonstrate your analytical mindset and problem-solving abilities, which are crucial for this position.
✨Prepare for Technical Questions
Expect to face technical questions related to underwriting strategies and pricing methodologies. Brush up on your knowledge of risk selection and pricing models. Being able to articulate your thought process will impress the interviewers and show your expertise in the field.
✨Demonstrate Leadership and Collaboration
Since this role involves working closely with various teams, be ready to share examples of how you've successfully collaborated with others in the past. Highlight your leadership skills and how you've contributed to achieving financial targets. This will show that you can work effectively within a team while also taking charge when needed.