Current Vacancies
Underwriting Director
We are hiring for an experienced Underwriting Director to play a core part of our Underwriting leadership team, driving the development of Underwriting strategies, delivery of the group’s strategic plan, oversight of portfolio performance and ensure robust governance in line with regulatory requirements.
Key Responsibilities:
Strategic Leadership:
- Form part of the Underwriting leadership team, contributing to strategy development, team leadership and wider department development
- Monitor the market environment and relevant macroeconomic trends to inform Underwriting strategy
- Lead the development and delivery of the overarching MGA commercial plan
- Support the CUO in strategy articulation to the board/executive/employees
Account Management:
- Manage a portfolio of accounts, ensuring these trade to budgeted figures and achieve target profitability
- Monitor underwriting performance metrics, such as loss ratios and retention rates, and initiate corrective actions as necessary.
- Engage with key distribution partners, and maximise the value of existing and new relationships
Governance:
- Take ownership of the Underwriting governance framework, and chair key governance forums
- Ensure evolution of control processes keep pace with organisational developments
- Manage Underwriting risk and compliance processes in accordance with agreed enterprise frameworks
Operational:
- Develop robust process for oversight of company’s AR, claims and anti-fraud activity
- Point person for external audits and regulatory communications
- Manage the Underwriting operations team
- Identify opportunities to streamline workflows and improve operational efficiency.
People Management:
- Responsible for managing and developing the account management, UW operations and first line risk & compliance teams in accordance with companies process
Required Skills/Experience:
- Quantitative mindset, with ability to get into technical detail where necessary
- Deep knowledge of the Motor insurance market and it’s competitive dynamics
- Strong people leader
- Excellent organisational and stakeholder management skills
- Strong communication skills, with ability to tailor content to different audiences
- Competency across regulatory, risk and compliance dimensions
- Familiarity with finance & budgeting processes
- Education to degree level
- Insurance qualifications (CII or IFoA) would be an advantage
Our Benefits:
- Hybrid working – 2 days in the office and 3 days working from home
- 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
- £6,000 per annum car allowance
- Discretionary annual bonus
- Pension scheme – 5% employee, 6% employer
- Flexible working – we will always consider applications for those who require less than the advertised hours
- Flexi-time
- Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
- Electric vehicle – salary sacrifice scheme
- 100’s of exclusive retailer discounts
- Professional wellbeing, health & fitness app - Wrkit
- Enhanced parental leave, including time off for IVF appointments
- Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
- Life Assurance - 4 times your salary
- 25% Car Insurance Discount
- 20% Travel Insurance Discount
- Cycle to Work Scheme
- Employee Referral Scheme
- Community support day
- Christmas and Summer parties
Working at SBG
At Somerset Bridge Group we aim to build a sustainable and innovative business focused on underwriting, broking and claims handling of UK motor insurance, offering transparent products and an efficient and fair service to our policy holders.
We are very proud to have been awarded a Silver Accreditation from Investors in People! We recognise that all of our people contribute to our success. That's why we are always looking for talented people to join our team - people who share our vision, who are passionate about what they do, and who want to be part of something special.
Equal Opportunity Employer
Somerset Bridge Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. We prohibit discrimination or harassment of any kind based on race, color, religion, national origin, sexual orientation, gender, gender identity or expression, age, pregnancy, physical or mental disability, genetic factors or other characteristics protected by law. SBG makes hiring decisions based solely on qualifications, skills and business requirements.
