Deputy Underwriting Officer - Casualty in Manchester

Deputy Underwriting Officer - Casualty in Manchester

Manchester Full-Time 55000 - 65000 £ / year (est.) Home office (partial)
The Travelers

At a Glance

  • Tasks: Lead underwriting strategy and support profitable growth in Casualty and Third Party portfolios.
  • Company: Join a leading insurance company with a focus on innovation and collaboration.
  • Benefits: Enjoy private medical insurance, generous holiday entitlement, and a wellness programme.
  • Other info: Flexible hybrid work arrangements available for a better work-life balance.
  • Why this job: Make a real impact in the insurance industry while developing your leadership skills.
  • Qualifications: Experience in commercial underwriting and strong leadership abilities required.

The predicted salary is between 55000 - 65000 £ per year.

We are seeking a Casualty Underwriting specialist to join our Underwriting Office team as Deputy Casualty Underwriting Officer. In this role, you will apply your technical expertise to support the lead Underwriting Officer and leadership teams across Business Insurance Retail and SME in driving the profitable growth of our Casualty and Third Party portfolios. You will take a lead role in developing and managing the underwriting strategy for the Business Insurance Retail & SME Casualty portfolio. Working closely with colleagues across underwriting, claims, and actuarial, you will proactively monitor portfolio performance and intervene where needed - contributing to net risk appetite, rate and risk tolerance, volatility, accumulations and aggregations, market indicators, and deviation from plan. Through oversight and leadership of Underwriting and Portfolio reviews, you will ensure an optimal mix of business that supports our growth and profitability objectives. You will also provide hands‑on guidance to Underwriters on complex casualty risks, playing a pivotal role in maintaining underwriting discipline across the portfolio.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy: full‑time employees work three days a week in the office and two days at home (or pro rata for part‑time employees). This policy may change at the Company’s discretion.

Responsibilities

  • Support the development and execution of strategic underwriting direction (both short‑term and long‑term) and alternative risk transfer mechanisms consistent with the corporate strategy.
  • Support the setting of strategy for rate adequacy, product, and pricing within assigned portfolios to achieve maximum earnings/planned ROE.
  • Support the UW Officers in the governance and oversight of rating tools, associated infrastructure, and provision of rates.
  • Support the analysis of internal and external emerging issues and trends and provide resultant underwriting direction incorporating feedback from Claim, Risk Control and Actuarial.
  • Effectively mentor and coach underwriting staff to ensure production, underwriting standards and profitability objectives are achieved.
  • Contribute to establishing, reviewing, and executing underwriting standards and controls (including Underwriting authorities) as required.
  • Respond to external changes in the regulatory and legislative environment including liaison with regulatory and technical bodies.
  • Have oversight of technical content of BI underwriting materials (e.g., TRV policy wordings; underwriting guides, policy summaries, procedures, technical resource articles, etc.) and breadth of coverage contained with non‑Travelers wordings.
  • Perform other duties as assigned.

Qualifications

  • Solid experience in commercial underwriting and products within the property and casualty industry.
  • Leadership skills with the ability to coach, develop colleagues, and align resources to accomplish key objectives.
  • Strong written and verbal communication skills with the ability to influence various audiences across the enterprise.
  • Strong relationship‑building skills with the ability to work independently and collaboratively with internal and external partners.
  • Proficiency in Microsoft Excel, Word, PowerPoint, and Teams.
  • Strong Casualty Underwriting experience.

Benefits

  • Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents at your expense through payroll deduction.
  • Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
  • Holiday Entitlement: Minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
  • Wellness Programme: Includes tools, discounts, and resources that empower you to achieve wellness goals; includes mental health programme providing access to free professional counseling services and other resources.
  • Volunteer Encouragement: Matching Gift and Volunteer Rewards programme allows you to give back to the charity of your choice.

Travelers is an equal‑opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences. Travelers reserves the right to fill this position at a level above or below the level included in this posting.

Deputy Underwriting Officer - Casualty in Manchester employer: The Travelers

Travelers Europe is an exceptional employer, offering a dynamic work environment that fosters professional growth and collaboration. With a strong focus on employee well-being, we provide comprehensive benefits including private medical insurance, generous holiday entitlement, and a wellness programme designed to support your health goals. Our hybrid work model promotes flexibility, allowing you to balance your professional and personal life while contributing to the profitable growth of our Casualty and Third Party portfolios.

The Travelers

Contact Details:

The Travelers Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Deputy Underwriting Officer - Casualty in Manchester

Tip Number 1

Network like a pro! Reach out to your connections in the insurance industry, especially those in underwriting. A friendly chat can lead to insider info about job openings or even a referral.

Tip Number 2

Prepare for interviews by brushing up on your technical knowledge. Be ready to discuss casualty underwriting strategies and how you can contribute to profitability. Show them you know your stuff!

Tip Number 3

Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for openings that suit your skills and interests, and apply directly for a better chance!

Tip Number 4

Follow up after interviews! A quick thank-you email can keep you top of mind. Mention something specific from your conversation to show you were engaged and are genuinely interested in the role.

We think you need these skills to ace Deputy Underwriting Officer - Casualty in Manchester

Casualty Underwriting
Commercial Underwriting
Leadership Skills
Coaching and Mentoring
Strategic Underwriting Direction
Rate Adequacy Analysis
Communication Skills

Some tips for your application 🫡

Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in casualty underwriting. We want to see how your skills align with the role, so don’t hold back on showcasing your relevant achievements!

Showcase Your Leadership Skills:Since this role involves mentoring and coaching, it’s important to demonstrate your leadership abilities. Share examples of how you've developed colleagues or led projects in your previous roles – we love to see that kind of initiative!

Be Clear and Concise:When writing your application, keep it 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 see your qualifications.

Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!

How to prepare for a job interview at The Travelers

Know Your Underwriting Stuff

Make sure you brush up on your casualty underwriting knowledge. Understand the key concepts, trends, and challenges in the industry. Be ready to discuss how your experience aligns with the role and how you can contribute to the underwriting strategy.

Showcase Your Leadership Skills

As a Deputy Underwriting Officer, you'll need to demonstrate your ability to mentor and coach others. Prepare examples of how you've successfully led teams or projects in the past, and be ready to discuss your approach to developing colleagues and achieving objectives.

Communicate Effectively

Strong communication skills are crucial for this role. Practice articulating your thoughts clearly and confidently. Think about how you can influence various audiences and prepare to share examples of how you've built relationships with internal and external partners.

Be Ready for Technical Questions

Expect questions that dive into technical aspects of underwriting and portfolio management. Familiarise yourself with the tools and methodologies used in the industry, and be prepared to discuss how you would handle complex casualty risks and ensure underwriting discipline.