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For Companies At a Glance
- Tasks: Lead a team of underwriters and shape underwriting strategies for high-value motor insurance.
- Company: Join a leading insurer known for its innovative approach in the personal lines market.
- Benefits: Enjoy remote/hybrid work options and a dynamic work environment with growth opportunities.
- Why this job: Be part of a team that drives sustainable growth while making impactful decisions in the insurance sector.
- Qualifications: Strong technical motor knowledge and extensive broker connections are essential for this role.
- Other info: This position offers a chance to influence market presence and enhance portfolio performance.
The predicted salary is between 48000 - 72000 £ per year.
Job Description
New Vacancy – Senior Underwriter / Team Lead (HNW Motor – Personal Lines)InsurerRemote/Hybrid
I am currently partnered with a leading Insurer who are seeking a Senior Underwriter/Team Lead to join their team.
This role will be more focused on defining the strategy and managing a team of Underwriters as opposed to day to day Underwriting. This role will sit in their Personal Lines team, dealing with Bespoke and HNW vehicles, valued £75,000 and over. My client is looking for someone with strong technical Motor knowledge and someone who has extensive broker connections in this space.
Key Responsibilities
- Collaborating with the Underwriting Head and Senior Trading Underwriter to shape and execute the underwriting strategy for the product(s), with full accountability for delivery. The strategy will focus on driving sustainable growth and improving margins to strengthen market presence.
- Partnering with the Underwriting Head and Product Manager to define short- and medium-term financial plans for the product(s), with responsibility for ensuring the required actions are taken to achieve or surpass those targets.
- Maintaining a deep understanding of the market, including legal, economic, competitive, and socio-demographic trends, to support informed decisions on risk appetite and pricing. Staying current on developments that impact performance and opportunity.
- Building strong relationships with broker partners at a senior level to develop the portfolio in line with strategic and financial objectives.
- Underwriting a broad range of risks within the defined appetite and contributing insights to continually refine underwriting parameters, ensuring alignment with market opportunities and superior portfolio performance.
- Serving as a technical referral point for underwriting colleagues, brokers, and other internal teams, offering informed guidance based on comprehensive knowledge of risk, product, and pricing.
- Providing feedback to Product Managers, Heads of Class, and Pricing teams on the effectiveness of pricing models to drive continuous improvement in pricing sophistication and accuracy.
- Collaborating cross-functionally across the business to ensure a coherent and compelling proposition is consistently delivered to the market.
- Actively contributing to the understanding and management of risks facing the business, supporting the identification and mitigation of factors that could impact long-term success.
- Playing a key role in first-line assurance by using audit tools, peer reviews, exception reporting, and performance MI to ensure underwriting activity aligns with delegated authority, processes, and regulatory standards.
- Ensuring all actions and decisions are fully compliant with legal and regulatory requirements, and consistently reflect high ethical standards and organisational values.
Senior Underwriter / Team Lead - Prestige HNW Motor employer: High Finance (UK) Limited T/A HFG
Contact Detail:
High Finance (UK) Limited T/A HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter / Team Lead - Prestige HNW Motor
✨Tip Number 1
Network with professionals in the insurance industry, especially those who specialise in high-net-worth motor insurance. Attend industry events or webinars to connect with potential colleagues and brokers, as building these relationships can give you an edge in understanding market trends and opportunities.
✨Tip Number 2
Stay updated on the latest developments in underwriting practices and regulations that affect high-net-worth vehicles. This knowledge will not only enhance your expertise but also demonstrate your commitment to the role during interviews.
✨Tip Number 3
Prepare to discuss your previous experience in leading teams and shaping underwriting strategies. Be ready to share specific examples of how you've successfully managed teams and improved performance metrics in past roles.
✨Tip Number 4
Familiarise yourself with the company's current portfolio and their approach to high-net-worth motor insurance. Understanding their unique selling points and challenges will allow you to tailor your discussions and show how you can contribute to their strategic goals.
We think you need these skills to ace Senior Underwriter / Team Lead - Prestige HNW Motor
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, particularly in high-net-worth motor insurance. Emphasise any leadership roles or team management experience to align with the Team Lead aspect of the position.
Craft a Compelling Cover Letter: In your cover letter, demonstrate your understanding of the market trends and challenges in high-net-worth motor insurance. Mention specific examples of how you've successfully managed teams or strategies in previous roles.
Showcase Technical Knowledge: Clearly outline your technical knowledge of motor insurance products and your experience with broker relationships. This will be crucial for the role, so provide concrete examples of how you've leveraged this knowledge in past positions.
Highlight Strategic Thinking: Discuss your experience in shaping and executing underwriting strategies. Provide examples of how you've contributed to financial planning and growth in previous roles, as this is a key responsibility of the position.
How to prepare for a job interview at High Finance (UK) Limited T/A HFG
✨Showcase Your Technical Knowledge
Make sure to highlight your strong technical knowledge of motor underwriting during the interview. Be prepared to discuss specific cases or scenarios where your expertise made a difference, especially in high-net-worth (HNW) situations.
✨Demonstrate Leadership Skills
As this role involves managing a team, it's crucial to showcase your leadership abilities. Share examples of how you've successfully led teams in the past, focusing on strategy development and achieving targets.
✨Build Rapport with Brokers
Since building relationships with brokers is key, come prepared with insights on how you’ve developed strong partnerships in previous roles. Discuss your approach to maintaining these relationships and how they contributed to business growth.
✨Stay Informed About Market Trends
Show that you have a deep understanding of current market trends and how they affect underwriting decisions. Be ready to discuss recent developments in the industry and how they could impact risk appetite and pricing strategies.
