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For Companies At a Glance
- Tasks: Design and enhance SME commercial products while ensuring compliance with regulations.
- Company: Join a growing insurer focused on innovative product development in the insurance sector.
- Benefits: Enjoy a competitive salary of £80,000 and opportunities for professional growth.
- Why this job: Be part of a dynamic team shaping the future of insurance products with real market impact.
- Qualifications: Experience in commercial underwriting and a strong understanding of FCA requirements are essential.
- Other info: Ideal for those passionate about digital and data-led underwriting.
The predicted salary is between 64000 - 96000 £ per year.
We are helping a growing insurer hire a Senior Commercial Product Development Underwriter to improve and update their SME products. The role focuses on underwriting, product design, and staying in line with regulations.
RESPONSIBILITIES
- Design and refine SME commercial products to align with market needs and business goals
- Collaborate with underwriting, claims, compliance, and distribution teams to develop and implement product enhancements
- Support pricing strategies and update policy wordings and terms to improve clarity and performance
- Ensure all product developments meet regulatory standards and internal governance
- Conduct competitor and market research to identify emerging risks and opportunities
- Support product training, documentation, and go-to-market activity across internal and external teams
DAY-TO-DAY
- Work with underwriting and data teams to improve products
- Speak with brokers to gather feedback and share updates
- Ensure documentation and products meet FCA rules
- Support marketing with product info and materials
- Keep up to date with market and regulatory changes
EXPERIENCE
- Background in commercial underwriting, ideally SME
- Experience developing or improving insurance products
- Used to working with different teams across a business
- Good understanding of FCA requirements
SKILLS & REQUIREMENTS
- Strong knowledge of SME commercial products
- Confident with pricing and data analysis
- Clear communicator across teams and partners
- Interest in digital and data-led underwriting (a plus)
- Cert CII (or working towards) preferred
If you have the relevant experience or know someone that does please contact me now on 07458 162 859 or email us at.
Senior Commercial Underwriter employer: Lawes Recruitment (UK) Limited
Contact Detail:
Lawes Recruitment (UK) Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Commercial Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in SME commercial products. Understanding what’s currently in demand and how regulations are evolving will help you stand out during discussions with potential employers.
✨Tip Number 2
Network with professionals in the insurance industry, especially those involved in underwriting and product development. Attend relevant events or join online forums to build connections that could lead to job opportunities.
✨Tip Number 3
Brush up on your knowledge of FCA regulations and compliance standards. Being able to demonstrate a solid understanding of these requirements will show potential employers that you’re well-prepared for the role.
✨Tip Number 4
Prepare to discuss your experience with data analysis and pricing strategies in detail. Be ready to share specific examples of how you've used these skills to improve products in your previous roles.
We think you need these skills to ace Senior Commercial Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in commercial underwriting, particularly with SME products. Use specific examples that demonstrate your skills in product design and regulatory compliance.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your experience with pricing strategies and how you can contribute to improving their SME products.
Highlight Relevant Skills: In your application, emphasise your strong knowledge of FCA requirements and your ability to communicate effectively across teams. This will show that you are well-suited for the collaborative nature of the role.
Showcase Market Awareness: Demonstrate your awareness of current market trends and emerging risks in your application. This could involve mentioning any recent research or insights you've gathered that relate to the insurance industry.
How to prepare for a job interview at Lawes Recruitment (UK) Limited
✨Showcase Your Product Development Experience
Be prepared to discuss specific examples of how you've designed or improved SME commercial products in your previous roles. Highlight any successful projects and the impact they had on the business.
✨Demonstrate Cross-Functional Collaboration
Since the role involves working with various teams, share experiences where you collaborated with underwriting, claims, or compliance teams. Emphasise your ability to communicate effectively across departments.
✨Stay Updated on Regulatory Standards
Familiarise yourself with the latest FCA regulations and how they apply to product development. Be ready to discuss how you ensure compliance in your work and any challenges you've faced in this area.
✨Prepare for Market Research Discussion
Research current trends and emerging risks in the insurance market. Be prepared to discuss how you would approach competitor analysis and identify opportunities for product enhancements.
