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- Tasks: Support product development and manage key accounts while analysing underwriting performance.
- Company: Join Markerstudy Group, a leading player in the UK motor insurance market.
- Benefits: Enjoy remote work, 25 days leave, health cash plan, and discounts on shopping and travel.
- Why this job: Be part of a collaborative team that values innovation and strong relationships in the insurance sector.
- Qualifications: Experience in underwriting, data analysis, and excellent communication skills are essential.
- Other info: Opportunity to mentor junior underwriters and develop niche insurance products.
The predicted salary is between 36000 - 60000 £ per year.
This position is largely remote, with occasional travel. We have offices in Kent, Cambridgeshire, Manchester, and Stoke-On-Trent.
Role Purpose
To support the Product Head in developing and maintaining the range of products to ensure the agreed business plan targets and objectives are met. Exploiting new product opportunities and providing Product and Technical support both internally and externally.
Key Responsibilities
- Fully understand underwriting performance metrics to enable collation and presentation of key account information to the Product Head at agreed intervals and dealing with ad-hoc requests relating to products, pricing and MI.
- Present pricing recommendations to the Product Head based on analysis of data, broker intel, pricing and MI team.
- Manage new product developments and amendments.
- Research the market, through broker intel, media and personal contacts, to remain up to date on all developing issues and opportunities.
- Manage key accounts and other agreed key business relationships to maintain and develop profitable accounts, and to explore any product opportunities and resolve issues that exist.
- Nurture broker relationships to meet the needs of the business plan whilst using that relationship to obtain feedback from our customers of their experience.
- Investigate and respond to queries from the operational area in relation to policy issues.
- Train and mentor junior underwriters, sharing expertise and best practices.
About You
- Experienced Underwriter.
- Data Mining Experience.
- Has an analytical background.
- Previous experience within the insurance market.
- Commercial awareness, market knowledge, process awareness.
- Data analysis including presentation of observations and proposed actions.
- Work well within a team environment as well as able to self-motivate and use initiative.
- Good knowledge of Excel functions.
- Excellent communication skills.
- Knowledge of SAS software, Databricks, Power BI and Radar would be beneficial.
Why us?
Markerstudy Insurance Services Limited (MISL) is one of the largest Managing General Agents in the UK. With a strong presence in the UK motor insurance market, we specialise in niche motor cover, where our solid market knowledge and experience enables us to create highly targeted products. Our success is underpinned by our underwriting strategy to identify and apply special risk factors to the customers advantage. That, and our skilled underwriting technicians who are friendly, accessible and empowered to make decisions. We only transact business through professional UK insurance intermediaries and we take pride in fostering excellent working relationships. Our products feature prominently on Aggregators' sites, such as Confused.com, Go Compare and Compare the Market, via our broker partners.
What we offer in return?
- A collaborative and fast-paced work environment.
- 25 days annual leave plus Bank Holidays and the ability to buy an additional five days holiday.
- Health Cash Plan.
- A benefit scheme that offers discounts and cashback on shopping, restaurants, travel and more.
- Life Assurance 4x annual salary.
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Finance and Sales
Industries: Insurance
Senior Underwriter employer: Markerstudy Ltd
Contact Detail:
Markerstudy Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in the insurance market, especially in niche motor cover. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated and relevant in the field.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those who work as underwriters or in related roles. Engaging with them can provide valuable insights into the company culture at Markerstudy Group and may even lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with data analysis tools like Excel, SAS, and Power BI. Be ready to share specific examples of how you've used these tools to drive decisions or improve underwriting processes in your previous roles.
✨Tip Number 4
Showcase your ability to build and maintain relationships with brokers. Think of examples where you've successfully nurtured these connections and how it benefited your previous employers, as this is crucial for the role at Markerstudy Group.
We think you need these skills to ace Senior Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience as an underwriter, particularly focusing on data mining and analytical skills. Include specific examples of how you've contributed to product development and managed key accounts.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role at Markerstudy Group. Discuss your understanding of underwriting performance metrics and how your previous experience aligns with their needs, especially in terms of market research and broker relationships.
Showcase Relevant Skills: Emphasise your proficiency in Excel and any experience with SAS software, Databricks, Power BI, or Radar. Mention how these tools have helped you in your previous roles to analyse data and present findings effectively.
Prepare for Potential Questions: Think about how you would respond to questions regarding your approach to managing key accounts and developing new products. Be ready to discuss specific instances where you've successfully navigated challenges in the insurance market.
How to prepare for a job interview at Markerstudy Ltd
✨Know Your Metrics
Familiarise yourself with underwriting performance metrics before the interview. Be prepared to discuss how you have used these metrics in your previous roles to make informed decisions and present key account information.
✨Showcase Your Analytical Skills
Highlight your data analysis experience, especially with tools like Excel, SAS, or Power BI. Prepare examples of how you've used data to drive pricing recommendations or product developments in the past.
✨Demonstrate Market Knowledge
Research the current trends in the insurance market, particularly in motor insurance. Be ready to discuss how you stay updated on market developments and how this knowledge can benefit the company.
✨Emphasise Relationship Building
Prepare to talk about your experience in nurturing broker relationships. Share specific examples of how you've maintained profitable accounts and gathered customer feedback to improve services.
