Commercial Portfolio Underwriter in Milton
Commercial Portfolio Underwriter

Commercial Portfolio Underwriter in Milton

Milton Full-Time 45000 - 55000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage commercial underwriting portfolios and build strong broker relationships.
  • Company: Dynamic insurance firm with a focus on growth and innovation.
  • Benefits: Competitive salary, 25 days holiday, hybrid working, and health insurance.
  • Why this job: Join a vibrant team and make an impact in the insurance industry.
  • Qualifications: Experience in UK commercial underwriting and strong analytical skills.
  • Other info: Fun office environment with regular social events and 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 Milton 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 unique benefits like private health insurance and mental health support, makes us an exceptional employer for those seeking a rewarding career in commercial underwriting.
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    Contact Detail:

    Superscript Recruiting Team

    StudySmarter Expert Advice 🤫

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

    ✨Tip Number 1

    Network like a pro! Reach out to your connections in the insurance industry, especially those who work with brokers. A friendly chat can lead to opportunities that aren’t even advertised yet.

    ✨Tip Number 2

    Prepare for interviews by brushing up on your technical knowledge. Be ready to discuss your experience with P&C lines and Professional Indemnity risks. Show us you know your stuff and can apply it in real-world scenarios!

    ✨Tip Number 3

    Don’t underestimate the power of follow-ups! After an interview or meeting, drop a quick thank-you email. It keeps you fresh in their minds and shows your enthusiasm for the role.

    ✨Tip Number 4

    Apply through our website! We love seeing candidates who take the initiative. Plus, it gives you a chance to showcase your understanding of our company culture and values right from the start.

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

    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 match 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 role 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!

    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. Be ready to discuss specific examples from your experience managing portfolios and how you've applied technical judgement in assessing risks.

    ✨Build Broker Relationships

    Since the role involves strong broker relationships, think about how you've successfully built these in the past. Prepare to share anecdotes that highlight your communication skills and how you've navigated challenges with brokers.

    ✨Showcase Your Analytical Skills

    Be prepared to talk about your experience with portfolio analysis and pricing reviews. Highlight any tools or methodologies you've used to evaluate risk and monitor performance, as this will demonstrate your analytical prowess.

    ✨Understand FCA Regulations

    Familiarise yourself with the Financial Conduct Authority standards and how they apply to underwriting. Being able to discuss compliance and regulatory requirements confidently will show that you’re not just a numbers person but also understand the broader context of the industry.

    Commercial Portfolio Underwriter in Milton
    Superscript
    Location: Milton

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