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- Tasks: Lead the Financial Lines team to achieve income and profit goals while managing complex risks.
- Company: Join Pen Underwriting, a dynamic MGA transforming the insurance landscape.
- Benefits: Enjoy 25+ days holiday, health plans, and employee stock options.
- Why this job: Shape the future of underwriting with innovative solutions and collaborative teamwork.
- Qualifications: Experience in commercial risk underwriting and strong leadership skills required.
- Other info: Embrace a culture of inclusion and diversity while advancing your career.
The predicted salary is between 36000 - 60000 £ per year.
Join to apply for the Underwriting Manager - UKPI (Regions) role at Pen Underwriting UK.
At Pen, we don’t just underwrite risk, we unlock possibility. We’re a dynamic underwriting and distribution business backed by the strength of Gallagher and powered by a belief that every challenge has a solution. With entrepreneurial energy, niche expertise, and a bold growth mindset, we’re transforming what it means to be an MGA in today’s insurance landscape. Whether you’re shaping new products, solving complex problems, or collaborating across teams, your ideas and initiative will help deliver smarter solutions for our clients—and move the industry forward. Here, agility meets stability. Creativity meets execution. And your career meets real opportunity. At Pen, we champion innovation, value accountability, and thrive on building something better together.
Overview: Pen Underwriting, a leading MGA in the UK Market, is looking for an experienced Underwriting Manager to join our financial lines team in Bristol and continue to drive success within our commercial division. As an Underwriting Manager, you will play a pivotal role in achieving our income and profit objectives by managing the technical performance of the Financial Lines accounts. Your primary focus will be to underwrite, manage, and sell products offered by binding and brokerage carriers, with an emphasis on writing new business to meet our business goals.
How You’ll Make An Impact:
- Manage the Financial Lines account to ensure company objectives are met.
- Collaborate with the management team to develop and implement the divisional plan, achieving financial income and loss ratio objectives, technical standards, and customer service standards.
- Work collaboratively with other parts of the organisation.
- Enhance Pen's local presence by establishing strong relationships with key directors and staff at important brokers and influencers in the local insurance market.
- Provide technical and commercial market intelligence feedback to the management team.
- Maintain and disseminate knowledge of relevant technical issues to ensure the regional underwriting and sales teams are up-to-date.
- Undertake referral cases above the authority levels of underwriters within your control.
- Ensure company underwriting philosophies and procedures are understood and followed.
- Manage and control the flow of work to achieve service standards.
- Allocate underwriting authorities within the region and maintain standards through structured audits.
- Manage, motivate, and develop underwriting staff, overseeing their technical skills development through training and guidance.
About You – Technical Knowledge:
- Understanding of underwriting complex risks and the use of specialist information.
- Robust knowledge of general insurance, legal principles, and practices, especially within Financial Lines.
- Knowledge of underwriting principles, reinsurance arrangements, and financial management systems.
- Effective use of systems technology required to transact business.
About You – Experience:
- Strong commercial risks underwriting within a management remit.
- Proven track record in planning and prioritising business goals, meeting financial objectives.
- Excellent communication and collaboration skills.
- Ability to manage and sustain key relationship networks.
- Experience in embedding processes/structures to manage compliance standards.
About You – Skills:
- Excellent planning and analytical skills.
- Strong interpersonal and management skills.
- Credible at decision-maker level.
- Persistent and tenacious in achieving results.
- Self-motivated and proactive in risk management.
- Committed to learning and developing industry knowledge.
- Proficient in MS Office and relevant IT systems.
Compensation and Benefits:
- Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days.
- Defined contribution pension scheme, which Gallagher will also contribute to.
- Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x.
- Income protection, we’ll cover up to 50% of your annual income, with options to top up.
- Health cash plan or Private medical insurance.
- Three fully paid volunteering days per year.
- Employee Stock Purchase plan, offering company shares at a discount.
- Share incentive plan, HMRC approved, tax effective, stock purchase plan.
- Critical illness cover.
- Discounted gym membership, with over 3,000 gyms nationally.
- Season ticket loan.
- Access to a discounted voucher portal to save money on your weekly shop or next big purchase.
- Emergency back-up family care.
We value inclusion and diversity.
Underwriting Manager - UKPI (Regions) employer: Pen Underwriting UK
Contact Detail:
Pen Underwriting UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Manager - UKPI (Regions)
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work at Pen or similar companies. A friendly chat can open doors and give you insider info that could help you stand out.
✨Tip Number 2
Prepare for the interview by researching Pen's recent projects and initiatives. Show us that you’re not just another candidate; demonstrate your passion for underwriting and how you can contribute to our growth mindset.
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience aligns with the role of Underwriting Manager. Highlight your successes in managing financial lines and how you’ve driven results in previous positions.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows us you’re genuinely interested in joining our team at Pen.
We think you need these skills to ace Underwriting Manager - UKPI (Regions)
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Underwriting Manager role. Highlight your experience in managing financial lines and your understanding of complex risks. We want to see how your skills align with our goals at Pen!
Showcase Your Achievements: Don’t just list your responsibilities; share your successes! Use specific examples that demonstrate how you’ve met financial objectives or improved processes in previous roles. This will help us see the impact you can make at Pen.
Be Clear and Concise: Keep your application straightforward and to the point. Use clear language and avoid jargon where possible. We appreciate a well-structured application that makes it easy for us to understand your qualifications and motivations.
Apply Through Our Website: We encourage you to submit your application directly through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, you’ll get to explore more about what we do at Pen!
How to prepare for a job interview at Pen Underwriting UK
✨Know Your Underwriting Stuff
Make sure you brush up on your knowledge of underwriting complex risks and financial lines. Be ready to discuss specific examples from your past experience that demonstrate your understanding of these areas. This will show the interviewers that you’re not just familiar with the theory but can apply it in practice.
✨Showcase Your Collaboration Skills
Pen Underwriting values teamwork, so be prepared to share instances where you've successfully collaborated with others. Highlight how you’ve worked with management teams or other departments to achieve business goals. This will illustrate your ability to fit into their dynamic environment.
✨Demonstrate Your Market Knowledge
Stay updated on current trends and challenges in the insurance market, especially within financial lines. Bring insights to the table during your interview about how these trends could impact Pen Underwriting and how you can contribute to navigating them.
✨Prepare Questions That Matter
Think of thoughtful questions to ask at the end of your interview. Inquire about the company’s future plans, how they measure success in the underwriting team, or what challenges they foresee in the market. This shows your genuine interest in the role and the company.