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 company benefits.
- Other info: Join a forward-thinking team and make impactful decisions in a dynamic environment.
- Why this job: Transition 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) employer: MI Select
As a leading Lloyd’s syndicate, we pride ourselves on being an excellent employer that fosters a collaborative and forward-thinking work culture. Our hybrid working model allows for flexibility, while our commitment to employee growth provides clear pathways into product and leadership roles. With competitive salaries, bonuses, and a focus on strategic portfolio management, we offer a rewarding environment for experienced underwriters looking to make a meaningful impact in the commercial motor sector.
StudySmarter Expert Advice🤫
We think this is how you could land Portfolio Underwriting Manager (Non-Standard Commercial Product lines)
✨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 this strategic role.
✨Tip Number 3
Don’t forget to showcase your collaborative spirit! This role involves working closely with pricing and product teams, so be ready to share examples of how you’ve successfully worked cross-functionally in the past.
✨Tip Number 4
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 about their job search!
We think you need these skills to ace Portfolio Underwriting Manager (Non-Standard Commercial Product lines)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Portfolio Underwriting Manager. Highlight your experience in underwriting, especially with non-standard products, and showcase any analytical skills that align with the job description.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this strategic role. Mention your passion for data-led decision-making and how you can contribute to the team’s success.
Showcase Your Analytical Skills:Since this role is all about portfolio performance and insights, make sure to include examples of how you've used data to drive decisions in your previous roles. We love seeing those numbers!
Apply Through Our Website:We encourage you to apply 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 be ready to discuss portfolio performance metrics. Understand loss ratios, pricing adequacy, and segment performance so you can confidently share insights during the interview.
✨Showcase Your Strategic Mindset
This role is all about moving away from traditional underwriting. Be prepared to talk about how you've used data to inform strategic decisions in the past. Think of examples where your insights led to actionable improvements in underwriting strategy.
✨Collaborate Like a Pro
Since you'll be working closely with pricing and product teams, highlight your experience in cross-functional collaboration. Share specific instances where teamwork led to successful outcomes, especially in a commercial motor context.
✨Stay Ahead of Market Trends
Demonstrate your commercial awareness by discussing current trends in the non-standard commercial products market. Show that you're not just reactive but proactive in identifying opportunities and risks that could impact portfolio performance.
