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- Tasks: Lead a team of underwriters, manage performance, and enhance underwriting strategies.
- Company: Join a trusted partner in the automotive sector with over 20 years of expertise.
- Benefits: Earn up to £65,000 with excellent pension and full training support.
- Why this job: Be part of a collaborative team focused on innovation and excellence in insurance solutions.
- Qualifications: Bachelor's degree in finance or related field; experience in underwriting and leadership required.
- Other info: Opportunity for growth in a dynamic environment with data-driven decision-making.
The predicted salary is between 46800 - 78000 £ per year.
Your new company are a trusted partner within the automotive sector. For over twenty years, they have provided expert guidance to independent vehicle retailers. They have a commitment to excellence whereby clients will be presented with tailored insurance solutions to suit their needs which is delivered by a team of experts with years of experience. Due to expansion within the Motor team, a permanent position for a Lead Underwriter has arisen.
Your new role as a Lead Underwriter means you will be responsible for managing a team of technical underwriters and underwriting data analysts. Duties will include:
- Fostering a collaborative and high-performance team environment
- Conducting regular performance reviews
- Overseeing the underwriting process and reviewing complex underwriting cases
- Implementing underwriting strategies to achieve business objectives
- Leveraging data analytics to continuously track and enhance underwriting performance
- Implementing data-driven strategies to improve risk evaluation and maximise profitability
- Tracking and evaluating underwriting performance indicators to uncover patterns and pinpoint opportunities for enhancement
- Working closely with other departments
- Communicating underwriting decisions and strategies to senior management
What you'll need to succeed: Your previous experience working as a Lead Underwriter will contribute to your success in securing this role. You will have a strong understanding of underwriting principles, excellent leadership skills, and the ability to analyse and interpret complex data. You will also have strong analytical and problem-solving skills, an ability to make decisions, be organised and able to prioritise work, communication skills, commercial awareness, and be effective at building relationships. You will be resilient under pressure, determined to achieve goals, seek to resolve problems and show initiative, and have a proven ability to lead a high-performing team. You will have a Bachelor's degree in finance, business, data science or statistics-related field, in-depth knowledge of underwriting principles and practices, a professional underwriting qualification such as ACII and experience with Underwriting and in a leadership role. Ideally, you will have strong knowledge of using SQL, PowerBI, Tableau, etc.
What you'll get in return: You will receive a generous package of up to £65,000 plus excellent pension and benefits. You will receive support from directors. You will also work within a like-minded team who offer full training and support.
Lead Underwriter employer: Hays
Contact Detail:
Hays Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Lead Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in the automotive insurance sector. Understanding current market dynamics and challenges will help you demonstrate your industry knowledge during interviews, making you a more attractive candidate.
✨Tip Number 2
Network with professionals in the underwriting field, especially those who have experience in the automotive sector. Attend industry events or join relevant online forums to build connections that could provide insights or referrals for the Lead Underwriter position.
✨Tip Number 3
Brush up on your data analytics skills, particularly with tools like SQL, PowerBI, and Tableau. Being able to showcase your proficiency in these areas can set you apart, as the role heavily relies on data-driven decision-making.
✨Tip Number 4
Prepare to discuss your leadership style and experiences in managing teams. Think of specific examples where you've successfully led a team through challenges, as this will be crucial in demonstrating your fit for the Lead Underwriter role.
We think you need these skills to ace Lead Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience as a Lead Underwriter. Focus on your leadership skills, analytical abilities, and any relevant qualifications like ACII. Use specific examples to demonstrate your success in managing teams and improving underwriting performance.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with their commitment to excellence in the automotive sector. Highlight your experience with data analytics and how it can benefit their underwriting strategies.
Showcase Relevant Skills: Emphasise your strong understanding of underwriting principles and your ability to analyse complex data. Mention your proficiency with tools like SQL, PowerBI, or Tableau, as these are crucial for the role. Be sure to illustrate how these skills have led to successful outcomes in your previous positions.
Proofread Your Application: Before submitting your application, carefully proofread your CV and cover letter. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail and professionalism.
How to prepare for a job interview at Hays
✨Showcase Your Leadership Skills
As a Lead Underwriter, you'll be managing a team. Be prepared to discuss your leadership style and provide examples of how you've successfully led teams in the past. Highlight any specific strategies you've used to foster collaboration and high performance.
✨Demonstrate Analytical Expertise
Given the importance of data analytics in this role, come ready to discuss your experience with tools like SQL, PowerBI, or Tableau. Prepare to explain how you've used data to drive underwriting decisions and improve performance in previous roles.
✨Understand Underwriting Principles
Make sure you have a solid grasp of underwriting principles and practices. Be ready to discuss complex cases you've handled and how you approached risk evaluation. This will show your depth of knowledge and ability to make informed decisions.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills and decision-making abilities. Think of examples where you've had to resolve issues under pressure, and be ready to articulate your thought process and the outcomes of your decisions.
