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- Tasks: Support underwriting strategy and develop innovative motor insurance products.
- Company: Join the UK's largest specialist motor insurer with an A+ rating.
- Benefits: Competitive salary, 25 days holiday, bonus scheme, and professional development support.
- Why this job: Make a real impact in the motor insurance industry while growing your skills.
- Qualifications: Understanding of underwriting strategy and strong analytical skills required.
- Other info: Dynamic team environment with opportunities for career advancement.
The predicted salary is between 36000 - 60000 £ 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 supporting the Senior Underwriter in executing our underwriting strategy and developing our underwriting appetite, working closely with the Pricing and Product Technology teams. You will also act as a referral point for team members with a lower level of authority, helping to develop their technical knowledge and understanding.
Key Responsibilities:- Contributing to the management of portfolio performance through the analysis of results, supporting the execution of our selection and pricing strategies, and providing recommendations that will drive continuous performance improvement.
- 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 the development of our underwriting appetite for our product(s) based on your market knowledge and product expertise.
- Working with the operational leadership team and technical training team to help identify training needs and support employee development through feedback, coaching, and training.
- Acting as our first line of defence by understanding and adhering to the zero-tolerance fraud strategy.
- Ensuring adherence to all regulatory requirements, guidelines, and working practices – both internally and externally.
- Understanding and adhering to the complaint handling process, attempting to resolve complaints informally whenever possible.
- Supporting and actively demonstrating through behaviours, interactions, and appearance, the high-performance culture IQUW aspires to develop.
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.
Essential Qualifications, Skills And Experience:- An understanding of underwriting strategy and risk appetites.
- Extensive technical knowledge of the product(s), including features, factors that drive product performance, and market dynamics.
- Underwriting, risk selection, and pricing skills to optimise financial performance.
- Knowledge of pricing practices and methodologies.
- Knowledge of the legal, regulatory, and compliance provisions that apply to the UK motor insurance market.
- Strong interpersonal and relationship building skills.
- Clear evidence of the ability to motivate and inspire peers.
- Highly articulate and numerate.
- A team player.
- Innovative.
- Driving & Delivering Results.
- Planning & Organising.
- 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.
Underwriter - Motor Innovation in London employer: ERS
Contact Detail:
ERS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Motor Innovation in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect 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 underwriting strategy and be ready to discuss how your skills align with 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 Underwriter – Motor Innovation. Confidence is key, so rehearse your answers to common interview questions until they feel natural.
✨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 about their job search.
We think you need these skills to ace Underwriter - Motor Innovation in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Underwriter role. Highlight your technical knowledge of motor insurance and any relevant underwriting experience to catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about motor insurance and how your background aligns with our mission at ERS. Keep it engaging and personal!
Showcase Your Analytical Skills: Since this role involves analysing portfolio performance, be sure to mention any experience you have with data analysis or performance improvement strategies. We love candidates who can think critically and drive results!
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. It’s the best way for us to receive your application and get you on our radar quickly!
How to prepare for a job interview at ERS
✨Know Your Underwriting Inside Out
Make sure you brush up on your understanding of underwriting strategies and risk appetites. Be prepared to discuss how your technical knowledge can contribute to the company's goals, especially in the context of motor insurance products.
✨Showcase Your Analytical Skills
Since the role involves managing portfolio performance through analysis, come ready with examples of how you've used data to drive decisions in previous roles. Highlight any experience you have with pricing strategies and how they impacted financial outcomes.
✨Demonstrate Team Spirit
This position requires collaboration with various teams, so be sure to share instances where you've successfully worked with others. Talk about how you've supported colleagues in their development or contributed to a high-performance culture.
✨Be Ready for Regulatory Discussions
Familiarise yourself with the legal and compliance aspects of the UK motor insurance market. Prepare to discuss how you’ve navigated these regulations in past roles and how you would ensure adherence in this new position.
