At a Glance
- Tasks: Join our Underwriting team to optimise customer outcomes and profit for premium finance products.
- Company: esure Group is revolutionising insurance with over 2 million customers trusting us since 2000.
- Benefits: Enjoy a competitive salary, flexible benefits, and 25 days annual leave plus 8 flexible days.
- Why this job: Be part of a digital transformation in insurance, driving growth and innovation while making a social impact.
- Qualifications: Great underwriting experience in insurance or financial services; knowledge of premium finance is a plus.
- Other info: Hybrid working options available; we value diversity and inclusion in our workplace.
The predicted salary is between 28800 - 42000 £ per year.
Job Description
Premium Finance UnderwriterJob Tenure: Full-time, permanentSalary: CompetitiveCompany DescriptionReady to join a team that's leading the way in reshaping the future of insurance? Here at esure Group, we are on a mission to revolutionise insurance for good!We’ve been providing Home and Motor Insurance since 2000, with over 2 million customers trusting us to keep them covered through our esure and Sheilas’ Wheels brands. With a bold commitment for digital innovation, we're transforming the way the industry operates and putting customers at the heart of everything we do.Having completed our recent multi-year digital transformation, we’re now leveraging advanced technology and data-driven insights alongside exceptional service, to deliver personalised experiences that meet our customers ever-changing needs today and in the future.Job DescriptionWe are recruiting for a Premium Finance Underwriter to join our wider Underwriting team.
You will provide support on implementing esure’s strategy to optimise customer outcomes and profit for the premium finance product. If you have experience in an Underwriting role and knowledge of Insurance or wider Financial Services products this could be a great role for you.What you’ll do:Input into our projects / programmes related to Premium Finance product whilst also providing input to the development and delivery of our product roadmaps.Maintain and grow your understanding of the current and emerging opportunities and risks of Premium Finance products. Build strong relationships with departments across the business (especially with our claims department) to enable provision of effective repair/replace and claim defence strategies. Work with Pricing to assess and gain an understanding of the impact, risks and opportunities presented by developments within Premium Finance and our other key insurance products.Maintain an appropriate underwriting footprint via appropriate pricing, aggregator filters, underwriting rules. Devise rules and analyse output of underwriting tools to detect and remove unwanted, suspicious and potentially fraudulent business at the ‘front door’. Use data/technology to deliver intelligence throughout customer lifetime to become a market leader and drive exponential growth QualificationsWhat we’d love you to bring:Great underwriting experience with knowledge of either insurance or wider financial services products.Any experience with premium finance products or a credit type background would be advantageous but not essential.Experience of using products and propositions to drive customer appeal and loyalty. Ability to identify and anticipate potential business opportunities, risks and threats. You will be inquisitive and strive to understand what data is telling us to in order for our business to make informed decisions.Someone who can successfully build strong relationships and partnerships with other business areas.Additional InformationThe Interview Process (subject to change):You’ll start with an introductory call with one of our Recruitment Partners. This is a ‘get to know you session’ and for you to explore the position in more detail.1st stage interview: 1 hour with our Portfolio Underwriting Lead and another senior member of the Underwriting functionWhat’s in it for you?:Competitive salary that reflects your skills, experience and potential.Discretionary bonus scheme that recognises your hard work and contributions to esure’s success.25 days annual leave, plus 8 flexible days and the ability to buy and sell further holiday.Our flexible benefits platform is loaded with perks to choose from, so you can build a personal toolkit to support your health, wellbeing, lifestyle, and finances.Company funded private medical insurance for qualifying colleagues.Fantastic discounts on our insurance products!
50% off for yourself and spouse/partner and 10% off for direct family members.We’ll elevate your career with hands-on training, mentoring, access to our exclusive academies, regular career conversations, and expert partner resources.Driving good in the world couldn’t be more important to us. Our colleagues can use 2 volunteering days per year to support their local communities.Join our internal networks and communities to connect, learn, and share ideas with likeminded colleagues.We’re a proud supporter of the ABI’s ‘Make Flexible Work’ campaign and welcome you to ask about the flexibility you need. Our hybrid working approach also puts you in the driving seat of how and where you do your best work.And much more; See a full overview of our benefits here Reward and benefits | Esure Group PLCWe are committed to creating an inclusive and diverse workplace where everyone feels valued, respected, and empowered.
We celebrate individuality and create spaces where unique backgrounds and experiences can come together. We believe that diverse perspectives drive innovation, in turn enabling us to better serve our customers, community and build a stronger organisation. Our commitment to inclusion extends to every part of our business, from hiring practices to professional growth opportunities, ensuring equal access and support for all.
Premium Finance Underwriter - Glasgow employer: esure Group
Contact Detail:
esure Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Premium Finance Underwriter - Glasgow
✨Tip Number 1
Familiarise yourself with the latest trends in premium finance and underwriting. Understanding current market dynamics will help you engage in meaningful conversations during interviews and demonstrate your proactive approach to the role.
✨Tip Number 2
Network with professionals in the insurance and financial services sectors. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at esure Group.
✨Tip Number 3
Prepare to discuss how you can leverage data and technology in underwriting. Be ready to share examples of how you've used data-driven insights in past roles to improve customer outcomes or identify risks.
✨Tip Number 4
Research esure Group's values and recent initiatives, especially their digital transformation efforts. Showing that you align with their mission and understand their strategic goals will set you apart as a candidate who is genuinely interested in the company.
We think you need these skills to ace Premium Finance Underwriter - Glasgow
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant underwriting experience and knowledge of insurance or financial services. Use keywords from the job description to demonstrate that you meet the qualifications they are looking for.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of premium finance products and your ability to identify business opportunities. Mention specific examples from your past experience that align with the responsibilities outlined in the job description.
Showcase Your Analytical Skills: In your application, emphasise your ability to analyse data and make informed decisions. Provide examples of how you've used data-driven insights in previous roles to improve outcomes or drive growth.
Prepare for Interviews: Research esure Group and their approach to digital innovation in insurance. Be ready to discuss how your skills can contribute to their mission and be prepared with questions that show your interest in their projects and company culture.
How to prepare for a job interview at esure Group
✨Understand the Company’s Mission
Before your interview, take some time to research esure Group and their mission to revolutionise insurance. Familiarising yourself with their commitment to digital innovation and customer-centric approach will help you align your answers with their values.
✨Showcase Your Underwriting Experience
Be prepared to discuss your previous underwriting experience in detail. Highlight specific examples where you've successfully assessed risks or developed strategies that improved customer outcomes, as this is crucial for the Premium Finance Underwriter role.
✨Demonstrate Relationship-Building Skills
Since the role involves collaborating with various departments, think of examples where you've built strong relationships in past roles. Be ready to explain how these relationships contributed to successful outcomes, especially in claims or pricing.
✨Prepare Questions About Data Utilisation
Given the emphasis on using data and technology in the role, prepare insightful questions about how esure leverages data to drive decision-making. This shows your inquisitive nature and interest in contributing to their data-driven culture.