At a Glance
- Tasks: Manage and improve commercial motor portfolio performance using data and insights.
- Company: Leading Lloyd’s syndicate with a focus on innovation and collaboration.
- Benefits: Competitive salary, 15% bonus, hybrid working, and company benefits.
- Other info: Dynamic team environment with opportunities for continuous improvement and growth.
- Why this job: Step into a strategic role with clear pathways to leadership and product positions.
- Qualifications: 5-10 years in underwriting, strong analytical skills, and commercial awareness.
The predicted salary is between 60000 - 65000 € per year.
Location: Central London
Salary: £60,000 to £65,000 per annum + 15% Bonus + Company benefits
Start: ASAP
Working arrangement: hybrid working with 3 days in office 2 days’ work from home
Overview
We are supporting a leading Lloyd’s syndicate in the appointment of a Portfolio Underwriting Manager to join their Commercial Motor team. This is a strategic, data-led role, focused on portfolio performance, pricing insight, and underwriting strategy. It offers a clear pathway into product and leadership roles over time. This position would suit an experienced underwriter looking to move away from day-to-day trading into a more analytical, forward-looking role, working closely with pricing and product teams to shape underwriting direction.
The Role
You will play a key role in managing and improving the performance of the commercial motor portfolio, using data, insight, and market awareness to support profitable growth. Working closely with Product Managers, Pricing, and Analytics teams, you will contribute to underwriting strategy and help translate performance trends into actionable improvements. This is not a traditional underwriting role. The focus is on portfolio management, insight generation, and strategic input rather than individual risk underwriting.
Key Responsibilities
- Analyse portfolio performance, identifying trends across loss ratios, pricing adequacy, and segment performance
- Provide insight and recommendations to support underwriting strategy and business planning
- Work closely with Pricing teams to inform model development and rating improvements
- Collaborate with Product teams to refine propositions and improve commercial outcomes
- Monitor and evaluate performance against financial targets, highlighting risks and opportunities
- Support the development of underwriting appetite and selection criteria
- Translate underwriting and market knowledge into practical rules and guidelines
- Contribute to continuous improvement in underwriting performance and decision-making
About You
- 5 to 10 years’ experience in underwriting, ideally within commercial motor (Non-Standard products)
- Exposure to portfolio performance, pricing, or underwriting strategy
- Strong analytical mindset with confidence working with data and MI
- Commercial awareness and an interest in how underwriting decisions impact profitability
- Comfortable working cross-functionally with pricing, analytics, and product teams
- Looking to move into a more strategic, non-trading role
What’s on Offer
- Opportunity to step into a portfolio-focused, strategic role
- Clear pathway into Product or broader leadership positions
- Exposure to pricing, analytics, and business strategy
- Collaborative and forward-thinking team environment
Portfolio Underwriting Manager (Non-Standard Commercial Product lines) in London employer: MI Select
As a leading Lloyd’s syndicate located in the heart of Central London, we pride ourselves on being an excellent employer that fosters a collaborative and forward-thinking work culture. With a clear pathway for career progression into product and leadership roles, our employees benefit from a hybrid working arrangement, competitive salary, and a generous bonus structure, all while engaging in meaningful work that shapes the future of underwriting strategy.
StudySmarter Expert Advice🤫
We think this is how you could land Portfolio Underwriting Manager (Non-Standard Commercial Product lines) in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working in portfolio management or underwriting. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your analytical skills. Be ready to discuss how you've used data to drive decisions in past roles. We want to see that you can translate insights into actionable strategies!
✨Tip Number 3
Showcase your commercial awareness! Keep up with market trends and be prepared to discuss how they impact underwriting decisions. This will demonstrate your strategic mindset and fit for the role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Portfolio Underwriting Manager (Non-Standard Commercial Product lines) in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience that align with the Portfolio Underwriting Manager role. Highlight your analytical mindset and any relevant experience in commercial motor underwriting to catch our eye!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're excited about this strategic role and how your background in underwriting can contribute to our team. Be genuine and let your personality come through.
Showcase Your Analytical Skills:Since this role is all about data and insights, don’t forget to mention specific examples where you've used data to drive decisions or improve performance. We love seeing how you think and approach challenges!
Apply Through Our Website:We encourage you to apply directly through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any updates from us!
How to prepare for a job interview at MI Select
✨Know Your Numbers
Make sure you brush up on your analytical skills and understand key metrics related to portfolio performance, loss ratios, and pricing adequacy. Being able to discuss these numbers confidently will show that you're not just familiar with the role but also ready to dive into the data-driven aspects of it.
✨Showcase Your Strategic Mindset
Prepare examples from your past experience where you've contributed to underwriting strategy or improved portfolio performance. Highlight how your insights led to actionable improvements, as this role is all about strategic input rather than traditional underwriting.
✨Collaborate Like a Pro
Since this position involves working closely with pricing, analytics, and product teams, think of instances where you've successfully collaborated across departments. Be ready to discuss how you can bridge gaps between teams and drive results together.
✨Stay Ahead of Market Trends
Research current trends in the commercial motor insurance market, especially regarding non-standard products. Being able to discuss these trends and how they might impact underwriting decisions will demonstrate your commercial awareness and proactive approach.
