SME Portfolio Underwriting Lead
SME Portfolio Underwriting Lead

SME Portfolio Underwriting Lead

London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead SME underwriting strategy and drive profitable growth in a dynamic environment.
  • Company: Superscript is revolutionising SME insurance with a digital-first approach.
  • Benefits: Enjoy 25 days holiday, hybrid working, private health insurance, and a fun office culture.
  • Why this job: Join a mission-driven team focused on innovation and making a real impact in the insurance sector.
  • Qualifications: Proven experience in commercial SME underwriting and strong leadership skills required.
  • Other info: Located in the City of London with regular team social events.

The predicted salary is between 43200 - 72000 £ per year.

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

At Superscript, we pride ourselves on being an innovative employer that champions the next generation of SME insurance. Our dynamic work culture fosters collaboration and creativity, offering employees ample opportunities for professional growth and development in a vibrant City of London location. With competitive benefits, including a hybrid working model, generous holiday allowance, and a focus on mental health and wellbeing, we ensure our team members thrive both personally and professionally.
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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 Superscript.

✨Tip Number 2

Network with professionals in the insurance industry, especially those involved in SME underwriting. Building relationships with potential colleagues or partners can give you insights into the role and may even lead to referrals.

✨Tip Number 3

Prepare to discuss your experience with data-driven decision-making. Highlight specific examples where you've used data to improve underwriting performance or product development, as this aligns closely with our strategic goals.

✨Tip Number 4

Showcase your leadership skills by preparing examples of how you've mentored or developed teams in previous roles. We value strong leadership, so demonstrating your ability to guide and inspire others will set you apart.

We think you need these skills to ace SME Portfolio Underwriting Lead

Commercial SME Underwriting Experience
Technical Underwriting Skills
Performance Analysis
Product Development
Risk Evaluation
Rating Methodologies
Leadership and Mentoring
Coaching Skills
Excellent Communication Skills
Relationship-Building Abilities
Strategic Mindset
Data-Driven Decision Making
FCA Regulations Knowledge
UK Insurance Compliance Standards
Dip CII or Equivalent

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: In your cover letter, express your passion for redefining SME insurance and how your strategic mindset aligns with the company's mission. Mention your familiarity with FCA regulations and your ability to build strong relationships with insurers and partners.

Showcase Leadership Skills: Emphasise your leadership, mentoring, and coaching abilities in both your CV and cover letter. Provide examples of how you've guided teams and contributed to product development and performance analysis.

Highlight Relevant Qualifications: If you have a Dip CII or equivalent, make sure to mention it prominently. Also, include any other relevant qualifications or training that demonstrate your expertise in SME insurance products and risk evaluation.

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 performance analysis you've conducted.

✨Demonstrate Leadership Skills

Since the role requires strong leadership and mentoring abilities, share instances where you've successfully led a team or project. Discuss how you’ve supported and developed underwriters or trading teams in previous roles.

✨Understand Regulatory Compliance

Familiarise yourself with FCA regulations and UK insurance compliance standards. Be ready to explain how you've ensured compliance in past positions and how you would approach this in the new role.

✨Build Relationships

Emphasise your communication and relationship-building skills. Prepare to discuss how you've developed trading relationships with insurers and partners, and how these relationships have contributed to profitable growth.

SME Portfolio Underwriting Lead
Superscript
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