Regional Trading Underwriter

4 weeks ago

Brisbane, Queensland, Australia ERS 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 UK's 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 ensure that we 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 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.
  • 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 compliance with our stated underwriting authorities and regulatory standards.
  • Use existing market knowledge to establish and continually enhance a range of business relationships with our key partners.
  • Ensure that we operate in a way that is consistent with all legal and regulatory provisions, acting ethically and appropriately at all times.

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:

  • Extensive technical knowledge of the product(s), including features, factors that drive performance, market dynamics, and customer requirements.
  • Strong portfolio management skills with the ability to manage financial performance in a complex and competitive market.
  • Demonstrate gravitas and clarity of purpose to instill confidence in senior stakeholders.
  • Commercially aware with strong negotiation skills.
  • Detailed understanding of pricing practices and methodologies.
  • Interpersonal skills to build and maintain value-adding relationships, including handling difficult conversations.
  • Extensive knowledge of underwriting control environments focused on performance improvement.
  • Knowledge of the legal, regulatory, and compliance provisions applicable to the UK motor insurance market.
  • Ability to maintain high levels of personal motivation while working remotely.

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 Trading Underwriter

    2 weeks ago

    Brisbane, Queensland, Australia IQUW Group Full time

    OverviewThe roleERS 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...

  • Regional Trading Underwriter

    18 hours ago

    Brisbane, Queensland, Australia IQUW Group Full time

    OverviewThe roleERS 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...

  • Regional Underwriting Strategist

    5 days ago

    Brisbane, Queensland, Australia ERS Full time

    Job OverviewThe Regional Trading Underwriter plays a critical role in the success of ERS, a leading underwriter of specialist motor insurance products. The primary responsibilities include executing the company's underwriting strategy and contributing to the achievement of short- and medium-term financial goals.This role requires superior underwriting and...

  • Regional Underwriter

    3 weeks ago

    Brisbane, Queensland, Australia IQUW Group Part time

    Overview Reporting 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 Insurance Underwriter

    17 hours ago

    Brisbane, Queensland, Australia beBee Careers Full time

    Role OverviewThe Regional Trading Underwriter is responsible for executing our underwriting strategy and managing our underwriting appetite to drive sustainable, high-margin growth in specialist motor insurance products.This role requires technical expertise in our product offerings, including complex, unusual, and non-standard risks. The ideal candidate...

  • Regional Underwriter

    3 weeks ago

    Brisbane, Queensland, Australia ERS 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

    2 weeks ago

    Brisbane, Queensland, Australia IQUW Group Full time

    OverviewReporting to: Regional 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

    18 hours ago

    Brisbane, Queensland, Australia IQUW Group Full time

    OverviewReporting to: Regional 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...

  • Senior Trading Underwriter Lead

    17 hours ago

    Brisbane, Queensland, Australia beBee Careers Full time

    Job OverviewThe role of the Senior Trading Underwriter involves contributing to the development and execution of a comprehensive strategy for various products.

  • PL Bespoke: Senior Trading Underwriter

    2 weeks ago

    Brisbane, Queensland, Australia IQUW Group Full time

    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 and to act as inputs to the pricing of the product(s).Having accountability for the financial...

  • PL Bespoke: Senior Trading Underwriter

    18 hours ago

    Brisbane, Queensland, Australia IQUW Group Full time

    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 and to act as inputs to the pricing of the product(s).Having accountability for the financial...

  • Pl Bespoke: Senior Trading Underwriter

    3 weeks ago

    Brisbane, Queensland, Australia IQUW Group Part time

    Overview The 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 and to act as inputs to the pricing of the product(s)having accountability for the financial...

  • PL Bespoke: Senior Trading Underwriter

    4 weeks ago

    Brisbane, Queensland, Australia IQUW Group Full time

    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 and to act as inputs to the pricing of the product(s)having accountability for the financial...

  • PL Bespoke: Senior Trading Underwriter

    2 weeks ago

    Brisbane, Queensland, Australia ERS Full time

    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 and to act as inputs to the pricing of the product(s).Having accountability for the financial...

  • PL Bespoke: Senior Trading Underwriter

    2 weeks ago

    Brisbane, Queensland, Australia ERS Full time

    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 and to act as inputs to the pricing of the product(s)having accountability for the financial...

  • Leading Motor Underwriter

    2 weeks ago

    Brisbane, Queensland, Australia ERS Full time

    About the RoleThis is a high-profile position that requires expertise in underwriting, trading, and risk management. The Senior Trading Underwriter will be responsible for creating and executing effective strategies for our products, leveraging extensive market and product knowledge to inform risk appetite and pricing decisions.The role involves managing a...

  • Trading Underwriting Manager

    17 hours ago

    Brisbane, Queensland, Australia beBee Careers Full time

    The key responsibilities of this position include:Developing and implementing an effective underwriting strategy for multiple products.Collaborating with senior stakeholders to set financial plans and ensure their successful implementation.Maintaining extensive knowledge of market trends, including legal, economic, competitive, and socio-demographic...

  • Development Underwriter

    4 weeks ago

    Brisbane, Queensland, Australia Strata Unit Underwriters (SUU) Full time

    Are you passionate about the insurance industry and thrive on analysing risks? We're seeking a Development Underwriter to join our growing team. As a Development Underwriter, you will play a critical role in analysing insurance risks and determining acceptance terms for new clients. This is a fantastic opportunity to join a leading insurance company and...

  • Development Underwriter

    3 weeks ago

    Brisbane, Queensland, Australia Strata Unit Underwriters (SUU) Full time

    Are you passionate about the insurance industry and thrive on analysing risks? We're seeking a Development Underwriter to join our growing team. As a Development Underwriter, you will play a critical role in analysing insurance risks and determining acceptance terms for new clients. This is a fantastic opportunity to join a leading insurance company and...

  • Lead Underwriter Strategist

    3 days ago

    Brisbane, Queensland, Australia beBee Careers Part time

    Job OverviewAs a Lead Underwriter Strategist, you will be responsible for developing and executing an effective underwriting strategy to drive growth and margin improvement. This role requires extensive technical knowledge of our product(s), including features, market dynamics, and customer requirements.Main Responsibilities• Work closely with the...