Commercial Portfolio Underwriter in Glasgow
Commercial Portfolio Underwriter

Commercial Portfolio Underwriter in Glasgow

Glasgow Full-Time 45000 - 55000 £ / year (est.) No home office possible
Superscript

At a Glance

  • Tasks: Manage a portfolio of commercial package policies and support underwriting of Professional Indemnity risks.
  • Company: Dynamic insurance firm with a focus on growth and strong broker relationships.
  • Benefits: Competitive salary, 25 days holiday, hybrid working, and health insurance.
  • Why this job: Join a vibrant team and make an impact in the UK insurance market.
  • Qualifications: Experience in UK commercial underwriting and strong communication skills.
  • Other info: Fun office environment with regular social events and excellent career growth opportunities.

The predicted salary is between 45000 - 55000 £ per year.

Experienced in managing commercial underwriting portfolios, including PI & looking for a new exciting challenge? Let's connect!

About the role

Our Portfolio Underwriter will be responsible for managing a portfolio of commercial package policies, primarily across UK Property & Casualty classes, while supporting selective underwriting of Professional Indemnity risks. The role focuses on delivering profitable growth, maintaining underwriting discipline, and building strong broker relationships.

What you'll get up to:

  • Underwrite new business, renewals, and mid-term adjustments within delegated authority.
  • Evaluate risk across core P&C lines including:
  • Property (material damage, business interruption)
  • Liability (employers, public, and products liability)
  • Support underwriting of Professional Indemnity risks with guidance where required.
  • Apply technical underwriting judgement to assess exposure, coverage, and pricing adequacy.
  • Manage a defined book of package business to achieve profitability and growth targets.
  • Monitor portfolio performance (loss ratios, retention, rate adequacy).
  • Identify trends and take corrective underwriting actions.
  • Build and maintain strong relationships with UK regional brokers.
  • Support new business development through broker visits and presentations.
  • Apply rating tools, underwriting guidelines, and market insight to price risks appropriately.
  • Ensure policy wordings, endorsements, and coverage align with risk appetite.
  • Contribute to wording enhancements, especially in P&C package products.
  • Ensure underwriting decisions comply with internal authority levels and regulatory requirements (Financial Conduct Authority standards).
  • Maintain accurate documentation and audit trails.
  • About you:

    • Experience in UK commercial underwriting.
    • Exposure to package policies or SME/mid-market business preferred.
    • Experience in Professional Indemnity is desirable.
    • Progress towards or completion of a professional insurance qualification (e.g. CII).
    • Experience contributing to portfolio analysis, pricing reviews, or underwriting strategy.
    • Demonstrable underwriting judgement with the ability to balance risk, pricing, and commercial considerations.
    • Experience working with brokers and managing broker relationships.
    • Good understanding of FCA regulation and the UK insurance market.
    • Strong organisational skills with the ability to manage competing priorities.

    In return, we offer you:

    • A competitive salary and the ability to grow your career
    • 25 days holiday - so there’s plenty of time for work, rest and play
    • Hybrid way of working for the perfect work / life balance
    • Vitality private health and dental insurance
    • Added benefits including competitive pension and salary sacrifice
    • Access to financial wellbeing platform Mintago
    • Full access to Spill, our mental health platform
    • Cycle to work scheme
    • Fun and modern office environment with regular team social events
    • Glasgow City Centre location

    Commercial Portfolio Underwriter in Glasgow employer: Superscript

    Join a dynamic team in the heart of Glasgow City Centre, where we prioritise employee growth and well-being. As a Commercial Portfolio Underwriter, you'll enjoy a competitive salary, 25 days of holiday, and a hybrid working model that promotes a healthy work-life balance. Our vibrant office culture, coupled with access to mental health resources and regular social events, makes us an exceptional employer for those seeking a rewarding career in commercial underwriting.
    Superscript

    Contact Detail:

    Superscript Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Commercial Portfolio Underwriter in Glasgow

    ✨Network Like a Pro

    Get out there and connect with people in the industry! Attend networking events, join online forums, and don’t be shy about reaching out to brokers or other underwriters. Building relationships can open doors to opportunities that aren’t even advertised.

    ✨Show Off Your Expertise

    When you get the chance to chat with potential employers, make sure to highlight your experience with commercial underwriting and Professional Indemnity. Share specific examples of how you've managed portfolios and achieved profitability – it’ll show you know your stuff!

    ✨Prepare for Interviews

    Do your homework before any interview. Understand the company’s portfolio and their approach to underwriting. Be ready to discuss how you can contribute to their growth and maintain strong broker relationships. Confidence is key!

    ✨Apply Through Our Website

    Don’t forget to check out our website for job openings! Applying directly through us not only shows your interest but also gives you a better chance of being noticed. Plus, we love seeing candidates who are proactive!

    We think you need these skills to ace Commercial Portfolio Underwriter in Glasgow

    Commercial Underwriting
    Portfolio Management
    Professional Indemnity Underwriting
    Risk Evaluation
    Property and Casualty Insurance
    Underwriting Judgement
    Broker Relationship Management
    Data Interpretation
    Financial Metrics Analysis
    Regulatory Compliance (FCA)
    Policy Construction
    Organisational Skills
    Communication Skills
    Attention to Detail

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV is tailored to the Commercial Portfolio Underwriter role. Highlight your experience in managing commercial underwriting portfolios and any specific achievements in PI or P&C classes. We want to see how your skills align with what we're looking for!

    Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're excited about this opportunity and how your background makes you a perfect fit. Don’t forget to mention your experience with broker relationships and underwriting judgement – we love that stuff!

    Showcase Your Technical Skills: In your application, be sure to showcase your technical underwriting skills. Talk about your experience with risk evaluation, pricing adequacy, and portfolio performance monitoring. We’re keen on candidates who can demonstrate their understanding of the UK insurance market.

    Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy – just follow the prompts and let us know why you’d be a great addition to our team!

    How to prepare for a job interview at Superscript

    ✨Know Your Underwriting Stuff

    Make sure you brush up on your knowledge of commercial underwriting, especially in UK Property & Casualty classes. Be ready to discuss your experience with package policies and Professional Indemnity risks, as this will show that you understand the role and can hit the ground running.

    ✨Show Off Your Broker Relationship Skills

    Since building strong relationships with brokers is key, think of examples from your past where you've successfully managed these relationships. Prepare to share how you’ve supported new business development through broker visits or presentations, as this will highlight your communication skills and ability to collaborate.

    ✨Demonstrate Your Analytical Prowess

    Be prepared to talk about how you've evaluated risk and monitored portfolio performance in previous roles. Bring specific examples of how you've identified trends and taken corrective actions to achieve profitability and growth targets, as this will showcase your analytical skills and sound judgement.

    ✨Understand the Regulatory Landscape

    Familiarise yourself with FCA regulations and how they impact underwriting decisions. Being able to discuss compliance and how you ensure that your underwriting aligns with internal authority levels will demonstrate your professionalism and attention to detail.

    Commercial Portfolio Underwriter in Glasgow
    Superscript
    Location: Glasgow

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