Regional Trading Underwriter

5 days ago

London, Greater London, United Kingdom IQUW Group Full time
Overview

The role

ERS is a leading underwriter of a wide range of specialist motor insurance products. Within ERS's strategy of being the UKs leading specialist motor insurer, our focus is on delivering sustainable, high margin growth in these segments through the provision of high quality propositions to a wide range of broker partners.

The Regional Trading Underwriter's primary responsibilities are for the execution of our underwriting strategy and underwriting appetite, and materially contributing to the achievement of our short and medium term financial plans. The Regional Trading Underwriter's role is responsible for driving the performance of a selected number of brokers' portfolios often located in the broker's office to extract the budgeted revenue whilst meeting our budgeted loss ratios. This is achieved through superior underwriting and pricing skill and honed negotiation skills.

Work with the Head of Underwriting / Product Manager to define and deliver the Regional Underwriting Model, including how and who best to engage with the brokers and what the optimum business model is to deliver our financial plans.

The role is highly market visible, involving extensive broker contact when communicating our strategy, managing the financial performance of existing relationships and in seeking to broaden our market penetration.

Success in the role requires extensive technical expertise in our product and frequent collaboration with other business functions to ensure that we leverage capabilities from across the business in delivering first class propositions to our chosen market.

Key responsibilities

  • Work with the head of segment to define and agree the Regional Underwriting business model and execute this in line with plan to ensure that maximum value is extracted from the region and broker panel.
  • Identify a panel of brokers to support our business model and ensure optimum coverage for the region.
  • Underwrite a range of complex, unusual and non-standard risks in accordance with our stated underwriting appetite. Provide input and feedback to constantly refine our underwriting appetite to take advantage of market opportunities and outperform our peers through superior risk selection and proactive management of our business mix.
  • Meet or exceed our financial plans for the individual broker panel and find new opportunities to deliver profitable growth.
  • Establish a firm reputation for being the 'go to' Underwriter for your region / brokers.
  • Provide input to the development of the underwriting strategy for our product(s) based on your market knowledge and product expertise and be responsible for executing that underwriting strategy.
  • Contribute to the management of portfolio performance through the analysis of results, execution of our selection and pricing strategies and providing recommendations as to actions which will drive continuous performance improvement, thus ensuring that we meet or exceed our financial plans.
  • Provide feedback to Product Managers and to members of our Pricing team relating to the effectiveness of our risk pricing models to help us constantly drive enhanced sophistication and accuracy in our risk pricing.
  • Work closely with all areas of the business to ensure that we deliver a clear and seamless set of propositions to the market.
  • Understand the risk environment in which we operate and contribute to the identification of and help manage the key risks which threaten the success and sustainability of our business.
  • Use audit and peer review tools, complemented by exception reporting and performance MI, to constantly assess and monitor our underwriting activities to ensure that all business is being written in accordance with our stated underwriting authorities, agreed processes and in compliance with our regulatory and conduct standards.
  • Use existing market knowledge to establish and continually enhance a range of business relationships with our key partners, ensuring that we understand and satisfy their needs and those of their customers.
  • Ensure that at all times, we operate in such a way which is consistent with all legal and regulatory provisions. We are a business which takes our stated values and behaviours seriously and are absolutely committed to acting at all times in ways which are ethical, compliant and appropriate.

The above duties and responsibilities are not an exhaustive list and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.

Essential qualifications, skills and experience

This role carries strategic and financial responsibility as well as being recognized as a market leading subject matter expert in our product(s). We therefore require our role holders to demonstrate leadership and management capabilities and to possess the following skills, attributes and knowledge:

  • Possessing extensive technical knowledge of the product(s), including the features of the product, factors that drive product performance, market dynamics which influence how the product is delivered and the requirements of customers using the product(s).
  • Strong portfolio management skills with the ability to manage the financial performance of a range of product propositions in a complex and competitive market.
  • Demonstrate gravitas and clarity of purpose which will give confidence to senior stakeholders, both internally and externally.
  • Commercially aware with strong negotiation skills.
  • Possess extensive commercial awareness, being able to spot and take advantage of opportunities and to fulfil their role in a way which enhances our financial performance.
  • Detailed understanding of pricing practices and methodologies with the ability and experience to help us constantly enhance our pricing capability, providing insight and feedback on our pricing models.
  • Interpersonal skills which will allow you to build and maintain value adding relationships. You must be able to articulate what a mutually beneficial relationship looks like and be comfortable having difficult conversations with business partners and colleagues.
  • Extensive knowledge of and experience in a sophisticated underwriting control environment which allows us to execute first line of defense activity, with a focus on constant performance improvement.
  • Extensive knowledge of the legal, regulatory and compliance provisions that apply to the UK motor insurance market.
  • The ability to maintain high levels of personal motivation whilst working remotely from office.

The combination of these skills, experiences and knowledge will ensure that you are able to materially contribute to the development of our underwriting strategy and risk appetite and to the achievement of our short and longer term financial plans.

Benefits

  • Competitive Benchmarked Salary
  • 25 days holiday
  • Discretionary bonus scheme
  • Employee assistance programme
  • Annual holiday buy (up to 3 extra days)
  • Salary sacrifice benefits
  • Annual benefits reviews
  • The option for professional qualifications and study support

Additional Information

  • A full job description can be seen here.
#J-18808-Ljbffr

  • Regional Underwriter

    17 hours ago

    London, Greater London, United Kingdom ERS Administration Services Full time

    OverviewReporting to: Senior Trading UnderwriterLocation: Home basedAbout usIQUW is a speciality (re)insurer at Lloyd's (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make...

  • Regional Underwriter

    17 hours ago

    London, Greater London, United Kingdom IQUW Group Full time

    OverviewReporting to: Senior Trading UnderwriterLocation: Home basedAbout usIQUW is a speciality (re)insurer at Lloyd's (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make...

  • Lead Trading Underwriter

    2 days ago

    London, Greater London, United Kingdom Lawes Consulting Group Full time

    Job Description Job title: Lead Trading Underwriter - Real EstateLocation: LondonPURPOSE OF ROLELawes are partnering with a top-tier insurance firm, seeking a Lead Trading Underwriter to join one of their specialist underwriting teams. You'll drive profitable growth, primarily Mid-Market, in the real estate segment.RESPONSIBILITIESProfitably and consistently...

  • Senior Trading Underwriter

    2 days ago

    London, Greater London, United Kingdom Lawes Consulting Group Full time

    Job Description Job title: Senior Trading UnderwriterSalary: DOELocation: LondonPurpose of RoleThe Senior Underwriter will play a pivotal role in managing and underwriting a portfolio of business within the MGA. This position requires a deep understanding of underwriting principles, risk assessment, and the ability to develop and maintain strong...

  • Head of Motor Trade Underwriting

    4 weeks ago

    London, Greater London, United Kingdom The Actuary Full time

    New Vacancy - Head of Motor Trade UnderwritingUnited KingdomLloyd's MGAI am currently recruiting for a leading Lloyd's MGA who is seeking a Head of Motor Trade to join their growing business.This is a brand new role in the business and will be the first position to head up their new product line (Motor), focusing on the UK jurisdiction. My client is looking...

  • Head of Motor Trade Underwriting

    6 days ago

    London, Greater London, United Kingdom HFG Full time

    New Vacancy - Head of Motor Trade UnderwritingUnited KingdomLloyd's MGAI am currently recruiting for a leading Lloyd's MGA who are seeking a Head of Motor Trade to join their growing business.This is a brand new role in the business and will be the first position to head up their new product line (Motor), focusing on the UK jurisdiction. My client is looking...

  • PL Bespoke: Senior Trading Underwriter

    4 days ago

    London, Greater London, United Kingdom ERS Administration Services Full time

    This job is brought to you by Jobs/Redefined, the UK's leading over-50s age inclusive jobs board.OverviewThe roleThe Senior Trading Underwriter's primary responsibilities are:Contribute towards creating and executing an effective strategy for the product(s).Using your extensive market and product knowledge to inform the selection of your chosen risk appetite...

  • PL Bespoke: Senior Trading Underwriter

    4 days ago

    London, Greater London, United Kingdom ERS Administration Services Full time

    This job is brought to you by Jobs/Redefined, the UK's leading over-50s age inclusive jobs board.OverviewThe roleThe Senior Trading Underwriter's primary responsibilities are:Contribute towards creating and executing an effective strategy for the product(s).Using your extensive market and product knowledge to inform the selection of your chosen risk appetite...

  • Global Senior Trading Underwriter

    6 days ago

    London, Greater London, United Kingdom Aviva Full time

    Global Senior Trading UnderwriterCompetitive SalaryDue to growth within the department, we have an opportunity for an experienced Underwriter or Broker, who specializes in the field of property or property investment, to join our Property Investors Underwriting team within Aviva's Global Corporate Specialty (GCS) department. We are looking for someone with...

  • Global Trading Underwriter

    5 days ago

    London, Greater London, United Kingdom Aviva Full time

    Global Trading UnderwriterSalary between £28,000 and £34,000Are you someone with strong attention to details and is passionate about partnering with brokers and customers to truly understand their wants and needs?Then look no further we have just the role for youA bit about the role:This role is for a property underwriter to join the market leading Global...

  • Global Trading Underwriter

    4 days ago

    London, Greater London, United Kingdom Aviva Full time

    Global Trading UnderwriterSalary between £28,000 and £34,000Are you someone with strong attention to details and is passionate about partnering with brokers and customers to truly understand their wants and needs?Then look no further we have just the role for youA bit about the role:This role is for a property underwriter to join the market leading Global...

  • Senior Underwriter

    16 hours ago

    London, Greater London, United Kingdom ProFound Full time

    Role - Mid Market Senior UnderwriterSalary - Competitive Location - London area.Are you a dynamic professional with a strong background in Property & Casualty underwriting? Our market leading client is on the lookout for a skilled Senior Underwriter to join their London International Broker Team. This is a prime opportunity to become part of an ambitious and...

  • Senior Underwriter

    2 days ago

    London, Greater London, United Kingdom Profound Recruitment Partners Limited Full time

    Job Description Senior Underwriter - London International Broker TeamAre you a strategic trader with leadership skills and a strong background in Property & Casualty? We are seeking a skilled Senior Underwriter to join a dynamic London International Broker Team. This is an exciting opportunity to be part of a growing team, collaborating with international...

  • Underwriter

    3 weeks ago

    London, Greater London, United Kingdom IDEX Consulting Ltd Full time

    Underwriter - Property & Casualty LondonSalary: £50,000 - £70,000 + Equity Potential Join a Market Disruptor in Tech-Enabled Insurance 'We've always done it this way' – if this is a statement that curls your toes and makes you hit your head against the wall in frustration, maybe working for a huge, slow to adapt, insurer isn't for you…there is another...

  • Assistant Underwriter

    2 days ago

    London, Greater London, United Kingdom MS Amlin Ltd Full time

    Role: Assistant Underwriter - Renewable EnergyLocation: London Position type: Full time, permanent (minimum 4 days a week in the London office)We are seeking an experienced Assistant Underwriter to join our Renewables team at MS Amlin. As a key member of the underwriting team, you will play a crucial role in making sound underwriting decisions and...

  • Assistant Underwriter

    1 day ago

    London, Greater London, United Kingdom MS Amlin Ltd Full time

    Role: Assistant Underwriter - Conventional Power & Renewable EnergyLocation: London Position type: Full time, permanent (minimum 4 days a week in the London office)We are seeking an experienced Assistant Underwriter to join our Conventional Power & Renewable Energy team at MS Amlin. As a key member of the underwriting team, you will play a crucial role in...

  • Regional Trade Development Manager

    2 weeks ago

    London, Greater London, United Kingdom Savino Del Bene Full time

    REGIONAL TRADE DEVELOPMENT MANAGER - Relocation to Italy RequiredSavino Del Bene is looking for a Regional Trade Lane Development Manager to operate in its Global HQs located in Florence, Italy focusing on anglophone-speaking countries in Africa.The position's primary goal is to sell, develop & retain business on the assigned trade lane for all products and...

  • Regional Trade Development Manager

    6 days ago

    London, Greater London, United Kingdom Savino Del Bene Full time

    REGIONAL TRADE DEVELOPMENT MANAGER - Relocation to Italy Required Savino Del Bene is looking for a Regional Trade Lane Development Manager to operate in its Global HQs located in Florence, Italy focusing on anglophone-speaking countries in Africa . The position's primary goal is to sell, develop & retain business on the assigned trade lane for all...

  • Underwriter Level 2

    2 weeks ago

    London, Greater London, United Kingdom ENGINEERINGUK Full time

    You will need to login before you can apply for a job.About usAt Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.At the heart of our...

  • Property Underwriting Manager

    3 weeks ago

    London, Greater London, United Kingdom Brown & Brown UK Full time

    Property Underwriting Manager Location: London (hybrid working available)Salary: NegotiableWe're strengthening our team at Plum Underwriting (part of Brown & Brown (Europe) ) and looking for a Property Underwriting Manager to join the team as we continue to grow the business in 2025.The Property underwriting manager will be responsible for leadership of the...