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For Companies 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, bonus, hybrid working, and career development opportunities.
- Other info: Dynamic team environment focused on continuous improvement and impactful decision-making.
- Why this job: Step into a strategic role with clear pathways to leadership and product positions.
- Qualifications: 5-10 years in underwriting with strong analytical 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 motor or commercial lines
- 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 - Commercial employer: MI Select
Contact Detail:
MI Select Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Portfolio Underwriting Manager - Commercial
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or attend relevant events. We all know that sometimes it’s not just what you know, but who you know that can help you land that Portfolio Underwriting Manager role.
✨Tip Number 2
Prepare for those interviews by brushing up on your analytical skills and understanding of portfolio performance. We recommend practising common interview questions related to underwriting strategy and data analysis to show you’re the right fit for the team.
✨Tip Number 3
Don’t forget to showcase your commercial awareness! When discussing your experience, highlight how your decisions have impacted profitability. We want to see that you can think strategically about the role and its contributions to the business.
✨Tip Number 4
Finally, apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive and engaged with our company.
We think you need these skills to ace Portfolio Underwriting Manager - Commercial
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 portfolio performance or pricing strategies.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're the perfect fit for this strategic role. Share specific examples of how you've contributed to underwriting strategy or improved portfolio performance in the past.
Showcase Your Analytical Skills: Since this role is data-led, emphasise your experience with data analysis and how it has influenced your decision-making in previous roles. We want to see your confidence in working with data!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates about the role.
How to prepare for a job interview at MI Select
✨Know Your Numbers
Make sure you brush up on key metrics related to portfolio performance, loss ratios, and pricing adequacy. Being able to discuss these figures confidently will show that you understand the analytical side of the role.
✨Showcase Your Strategic Mindset
Prepare examples of how you've contributed to underwriting strategy in the past. Think about times when your insights led to actionable improvements or influenced decision-making. This will demonstrate your readiness for a more strategic position.
✨Collaborate Like a Pro
Since this role involves working closely with pricing and product teams, be ready to discuss your experience in cross-functional collaboration. Highlight specific projects where teamwork led to successful outcomes, showcasing your ability to work well with others.
✨Stay Ahead of Market Trends
Research current trends in the commercial motor insurance market. Being able to discuss recent developments and how they might impact underwriting decisions will impress interviewers and show your proactive approach to the industry.