Senior Financial Underwriter

4 weeks ago


Bristol, Bristol, United Kingdom Pen Underwriting Full time
About the Role

We are seeking a highly skilled Senior Financial Underwriter to join our team at Pen Underwriting. As a key member of our underwriting team, you will be responsible for delivering profitable premium and conversion growth across our business.

Key Responsibilities
  • Underwrite and assess risk, adhering to our underwriting philosophy, rules and guidelines, and using rating tools and pricing methodologies to maximise business growth and profitability.
  • Actively participate in seeking new business opportunities within existing relationships and within the wider insurance market.
  • Provide expert underwriting guidance, coaching and mentoring to less experienced underwriters, helping them build product-specific knowledge and sales skills.
  • Develop and maintain strong broker relationships across the regions and contribute to the team's goal of writing a sustainable portfolio of professional indemnity business.
  • Analyse market trends, competitor activities, and regulatory changes to identify opportunities and threats.
About You
  • Chartered Insurance Institute (CII) Certification is preferred.
  • You have a working knowledge of the local insurance marketplace and can demonstrate an ability and desire to learn about our enterprise and business unit critical business issues and financial drivers.
  • You have a general knowledge of organisational and regulatory rules, policies and procedures, and effectively employ that knowledge in your day-to-day work activities.
  • You possess basic analytical thinking and financial acumen, identifying current or future problems or opportunities, analysing, synthesising and comparing information to understand issues, identifying cause/effect relationships, and exploring alternatives to support sound decision-making.
What We Offer
  • A competitive salary.
  • A wide range of benefits, including a minimum of 25 days holiday, plus bank holidays, and the option to 'buy' extra days.
  • A defined contribution pension scheme, which we will also contribute to.
  • Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x.
  • Health cash plan or Private medical insurance.
  • Employee Stock Purchase plan, offering company shares at a discount.
  • Share incentive plan, HMRC approved, tax-effective, stock purchase plan.
  • Critical illness cover.
  • Discounted gym membership, with over 3,000 gyms nationally.
  • Season ticket loan.
  • Access to a discounted voucher portal to save money on your weekly shop or next big purchase.
Our Commitment to Inclusion and Diversity

We value inclusion and diversity at Pen Underwriting. We believe that our employees' diverse identities, experiences, and talents allow us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

We are Disability Confident Committed and have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long-term health conditions or disabilities.

We believe that all persons are entitled to equal employment opportunity and prohibit any form of discrimination by our managers, employees, vendors, or customers based on protected characteristics.


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