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For Companies At a Glance
- Tasks: Lead the underwriting team and drive strategies for Property & Casualty products.
- Company: Join a leading MGA Underwriter and shape the future of the industry.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and development.
- Why this job: Be a visionary leader, make impactful decisions, and foster a high-performance culture.
- Qualifications: Expertise in Property & Casualty underwriting and proven leadership experience required.
- Other info: Minimum cert CII is desirable; focus on continuous improvement and customer satisfaction.
The predicted salary is between 48000 - 72000 £ per year.
The role
An outstanding opportunity for a dynamic and visionary leader to join a leading MGA Underwriter as the Property & Casualty Underwriting Manager and drive the business forwards. Reporting directly to the Board of Directors, you will play a pivotal role in defining and delivering our underwriting strategy to ensure we achieve our target loss ratios and revenue objectives, while setting the standard for excellence in the industry.
Key Responsibilities:
- Leadership: Lead the underwriting team to set and execute underwriting strategies, ensuring performance targets and KPIs are met across Property & Casualty product lines.
- Binder Management: Day-to-day management of our binders, exercising judgement in all underwriting matters, and remaining aware of underwriting limits. Monitoring performance, including exposure monitoring, rate movement, claims trends, and regular capacity reviews.
- Business Development: Develop growth strategies and implement action plans. Building meaningful, long-term relationships with new and existing partners.
- Agent Development: Develop and grow the agency database, including underwriter visits, promoting product offerings, target markets, and appetite.
- Financial Oversight: Manage budgeting, financial planning, and monitoring key financial metrics like loss ratio and underwriting performance to maintain business stability and support growth.
- Operational Excellence: Oversee day-to-day operations, ensuring efficiency, best practices, and continuous improvement in processes are achieved.
- Regulatory Compliance & Risk Management: Ensure full compliance with FCA regulations and manage business risks effectively.
- Customer-Centric Approach: Ensure the underwriting strategy meets our agents\’ requirements and satisfaction, driving a customer-first service experience.
- Team Development: Foster a culture of collaboration, accountability, and inclusivity while nurturing top talent and developing a high-performance team.
What you\’ll need to succeed:
- Expert technical underwriting experience in Property & Casualty within the commercial insurance sector.
- Strong understanding of the property and casualty delegated authority market with proven market knowledge and strong capacity and Broker contacts.
- Proven leadership with a growth-driven mindset and a track record of delivering results.
- Strong understanding of regulatory requirements and industry standards.
- High-level financial acumen with the ability to innovate and challenge the status quo.
- Inspirational, inclusive leader who can make tough decisions and drive team success.
- A focus on continuous improvement, customer satisfaction, and operational excellence.
- A minimum cert CII is desirable.
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Underwriting Manager P&C employer: IDEX Consulting
Contact Detail:
IDEX Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Manager P&C
✨Tip Number 1
Showcase your leadership skills by sharing specific examples of how you've successfully led teams in the past. Highlight any initiatives you've implemented that resulted in improved performance or efficiency.
✨Tip Number 2
Network with professionals in the Property & Casualty insurance sector. Attend industry events or join relevant online forums to connect with potential colleagues and partners, which can help you gain insights into the company culture and expectations.
✨Tip Number 3
Stay updated on the latest trends and regulatory changes in the insurance industry. Being knowledgeable about current market conditions will demonstrate your commitment to excellence and your ability to adapt strategies accordingly.
✨Tip Number 4
Prepare to discuss your financial acumen in detail. Be ready to explain how you've managed budgets and financial metrics in previous roles, as this is crucial for maintaining business stability and supporting growth.
We think you need these skills to ace Underwriting Manager P&C
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your expert technical underwriting experience in Property & Casualty. Emphasize your leadership roles and any specific achievements that demonstrate your ability to meet performance targets and KPIs.
Craft a Compelling Cover Letter: In your cover letter, express your vision for the underwriting strategy and how you plan to drive business growth. Mention your understanding of regulatory requirements and your approach to fostering a customer-centric culture.
Showcase Your Leadership Skills: Provide examples of how you've successfully led teams in the past. Highlight your experience in developing talent and fostering collaboration within your team, as well as your ability to make tough decisions.
Demonstrate Financial Acumen: Include specific instances where you've managed budgeting and financial planning. Discuss how you've monitored key financial metrics like loss ratios and underwriting performance to support business stability and growth.
How to prepare for a job interview at IDEX Consulting
✨Showcase Your Leadership Skills
As a candidate for the Underwriting Manager position, it's crucial to demonstrate your leadership capabilities. Prepare examples of how you've successfully led teams in the past, focusing on your ability to set and execute strategies that meet performance targets.
✨Understand the Regulatory Landscape
Familiarize yourself with FCA regulations and industry standards relevant to Property & Casualty underwriting. Be ready to discuss how you ensure compliance and manage risks effectively in your previous roles.
✨Highlight Your Financial Acumen
Since financial oversight is a key responsibility, be prepared to discuss your experience with budgeting, financial planning, and monitoring key metrics like loss ratios. Share specific examples of how you've driven financial performance in your past positions.
✨Emphasize Customer-Centric Strategies
The role requires a strong focus on customer satisfaction. Prepare to talk about how you've developed and implemented strategies that prioritize customer needs and enhance service experiences for agents and partners.
