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For Companies At a Glance
- Tasks: Lead and drive profitable growth in SME insurance through strategic underwriting.
- Company: Superscript is revolutionising SME insurance with a digital-first approach.
- Benefits: Enjoy hybrid working, 25 days holiday, private health insurance, and a vibrant office culture.
- Why this job: Join a dynamic team focused on innovation and making a real impact in the insurance industry.
- Qualifications: Experience in commercial SME underwriting and strong leadership skills are essential.
- Other info: Located in the City of London, with regular team social events.
The predicted salary is between 43200 - 72000 £ per year.
Job Description
About the role
At Superscript, we’re on a mission to redefine SME insurance, leading the next generation of insurance-digitally. To help us on our exciting mission, we’re seeking an experienced and dynamic SME Portfolio Underwriting Lead to oversee and drive profitable growth within SME, including our mid-market segment!
The Portfolio Underwriting Lead will define and execute our SME underwriting strategy, lead underwriting initiatives, manage underwriting performance, develop trading relationships with insurers and partners, and support the execution of our business strategy across our Landlord, Tradespersons, Professionals, and SME products.
What you'll get up to:
- Technical underwriting focused on SME underwriting strategy, performance analysis, product development and oversight of delegated arrangements.
- Develop the SME underwriting strategy aligning to the wider business strategy and objectives.
- Support the management of our SME product portfolio, reviewing how we’re performing and identifying opportunities for improvement.
- Lead product simplification efforts and ensure product value and clarity for customers, aligning to Consumer Duty and other regulatory responsibilities.
- Working in collaboration with multi-disciplined trading teams, including Product, Commercial and Data Science.
- Developing and evolving market leading wordings for SME products.
- Build and maintain strong relationships with insurers and partners to promote profitable growth.
- Lead in the design and refinement of SME products and propositions.
- Provide oversight and support to a team of underwriters and SME trading teams, offering guidance, training, and development.
- Ensure underwriting practices comply with FCA requirements, internal governance, and delegated authorities.
- Participate in audits and conduct risk assessments where required.
About you:
- Proven experience in commercial SME underwriting, with a strong track record of technical underwriting and trading.
- Extensive knowledge of SME insurance products, risk evaluation, product development optimisation, and rating methodologies.
- Strong leadership, mentoring, and coaching skills.
- Excellent communication and relationship-building abilities, especially with insurers and partners.
- Strategic mindset with the ability to use data to drive decisions.
- Familiarity with FCA regulations and UK insurance compliance standards.
- Dip CII or equivalent preferred.
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
- City of London location
If you're an experienced and dynamic Portfolio Underwriting Lead who's overseen and driven profitable growth within the commercial SME sector, we'd like to hear from you!!
SME Portfolio Underwriting Lead employer: Superscript
Contact Detail:
Superscript Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land SME Portfolio Underwriting Lead
✨Tip Number 1
Familiarise yourself with the latest trends in SME insurance and underwriting. This will not only help you understand the market better but also allow you to speak confidently about how you can contribute to our mission at StudySmarter.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who have experience in SME underwriting. Building relationships can provide you with valuable insights and potentially lead to referrals that could enhance your application.
✨Tip Number 3
Prepare to discuss specific examples of how you've driven profitable growth in previous roles. Highlighting your achievements in technical underwriting and product development will demonstrate your capability to excel in this position.
✨Tip Number 4
Stay updated on FCA regulations and compliance standards relevant to SME insurance. Being knowledgeable about these aspects will show us that you're serious about adhering to industry standards and can effectively manage risk.
We think you need these skills to ace SME Portfolio Underwriting Lead
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in commercial SME underwriting. Focus on specific achievements and metrics that demonstrate your success in driving profitable growth and managing underwriting performance.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your understanding of the SME insurance landscape. Mention how your strategic mindset and leadership skills align with the company's mission to redefine SME insurance.
Showcase Relevant Skills: Emphasise your technical underwriting expertise, knowledge of FCA regulations, and ability to build relationships with insurers and partners. Use examples from your past roles to illustrate these skills.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in underwriting roles.
How to prepare for a job interview at Superscript
✨Showcase Your Technical Expertise
Make sure to highlight your experience in commercial SME underwriting. Be prepared to discuss specific examples of how you've developed and executed underwriting strategies, as well as any successful initiatives you've led.
✨Demonstrate Leadership Skills
Since the role involves overseeing a team, it's crucial to showcase your leadership abilities. Share instances where you've mentored or coached underwriters, and how you fostered a collaborative environment within your team.
✨Understand the Regulatory Landscape
Familiarise yourself with FCA regulations and UK insurance compliance standards. Be ready to discuss how you've ensured compliance in previous roles and how you would approach this in the new position.
✨Build Relationships
Emphasise your communication and relationship-building skills. Prepare to talk about how you've developed strong partnerships with insurers and other stakeholders, and how these relationships have contributed to profitable growth.
