Regional Trading Underwriter (Scotland)

Overview:

About us

ERS is the UK's largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it's a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn't enough. That's why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.

The role

The Regional Trading Underwriters 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 Underwriters 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.

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. 

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.
• Underwriting a range of complex, unusual and non-standard risks in accordance with our stated underwriting appetite.
• Meet or exceed our financial plans for the individual broker panel and finding new opportunities to deliver profitable growth.
• Providing input to the development of the underwriting strategy for our product(s) based on your market knowledge and product expertise.
• Provide feedback to Product Managers and to members of our Pricing team relating to the effectiveness of our risk pricing models.
• Use existing market knowledge to establish and continually enhancing a range of business relationships with our key partners.

Desirable attributes

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)
• Strong portfolio management skills with the ability to manage the financial performance of a range of product propositions.
• Commercially aware with strong negotiation skills
• Possess extensive commercial awareness, being able to spot and take advantage of opportunities.
• Detailed understanding of pricing practices and methodologies
• Interpersonal skills which will allow you to build and maintain value adding relationships.
• The ability to maintain high levels of personal motivation whilst working remotely from office

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 

Benefits

• A full job description will be found here