Senior Underwriter

Senior Underwriter, MRWIS Limited

Location:

London/Cheltenham/Shrewsbury/Remote/Hybrid, United Kingdom

Company:

MRWIS Limited, a division of Marley Risk Consultants Limited

About Us:

Marley Risk Consultants is at the forefront of innovation in the Structural Warranty Insurance sector. As a dynamic Managing General Agent (MGA) based in the UK, MRWIS, a division of Marley Risk, specialises in crafting bespoke insurance solutions that empower the construction industry to reach new heights. We are embarking on an ambitious journey to develop a new line of business within the latent defect insurance sector. As such, we are seeking an experienced and visionary underwriter to shape and steer the underwriting discipline of this exciting new venture.

Role Overview:

This is more than a senior underwriting position, it is an opportunity to play a part in building something from the ground up. As our Senior Underwriter, you will manage the continued development of the underwriting function. You will be able to design strategies, establish processes, and recruit a team of underwriting support officers. If you are a strategic thinker with a passion for innovation and leadership, this role offers a platform to make a lasting impact.

Join Us in Shaping the Future of Construction Insurance

The UK construction industry is on the cusp of transformative change, embracing new technologies and sustainable practices. As a Senior Underwriter at MRWIS, you will be at the forefront of this evolution, playing a critical role in supporting innovative projects and safeguarding their success.

Key Responsibilities:

• Strategic Development: Continued development of the underwriting function, focused on Structural Warranty Insurance, aligning with our growth objectives and market opportunities.
• Team Building: Recruit, mentor, and lead a team of underwriting support officers, fostering a culture of excellence, collaboration, and continuous improvement.
• Underwriting Leadership: Develop underwriting guidelines, risk assessment models, and pricing strategies to ensure a competitive edge and profitability.
• Market Expansion: Identify and pursue new market segments, forging strong relationships with brokers, developers, and industry stakeholders to expand our reach.
• Influence Industry Standards: Engage with industry bodies and contribute to shaping the future of construction insurance regulations.
• Drive Innovation: Collaborate on projects that integrate cutting-edge technologies like AI risk assessment tools and predictive analytics.
• Innovation Integration: Incorporate cutting-edge technologies and methodologies into underwriting practices, staying ahead of industry trends and emerging risks.
• Regulatory Compliance: Ensure all underwriting activities comply with industry regulations, legal standards, and company policies.
• Performance Monitoring: Establish KPIs and performance metrics, regularly reviewing portfolio performance and adjusting strategies as needed.
• Cross-Functional Collaboration: Work closely with other departments; such as Claims, Finance, and Business Development, to ensure cohesive operations and strategic alignment.

Qualifications and Experience:

• Educational Background: Bachelor's degree in Finance, Business, Risk Management, or a related field. Advanced qualifications (e.g. ACII) are highly desirable.
• Experience: Minimum of 10 years' experience in a similar underwriting role, with demonstrable experience in developing new lines of business within Structural Warranty Insurance or related sectors.
• Leadership Acumen: Proven track record in building and leading high-performing teams, with strong mentorship and motivational skills.
• Strategic Vision: Exceptional ability to develop and execute business strategies that drive growth, profitability, and innovation.
• Technical Expertise: Deep understanding of underwriting principles, risk evaluation, and pricing models, with proficiency in advanced underwriting software and analytics tools.
• Industry Insight: In-depth knowledge of UK construction practices, insurance regulations, and emerging trends affecting Structural Warranty Insurance.
• Communication Skills: Outstanding interpersonal and negotiation abilities, capable of influencing senior stakeholders and representing the company at industry events.
• Innovative Mindset: A forward-thinker who embraces change, with the ability to anticipate industry shifts and adapt accordingly.

What We Offer:

• Competitive Compensation: An attractive salary package with generous performance-based bonuses and incentives.
• Professional Development: Access to ongoing training, industry conferences, and professional development resources.
• Collaborative Culture: Join a team that values innovation, collaboration, and a shared passion for excellence.
• Flexible Working: Supportive of work-life balance with options for flexible working arrangements.

Comprehensive Benefits:

• Generous company pension.
• Company mobile phone.
• Tools/equipment required for the performance of company duties.
• Cycle to work scheme.
• Tech Scheme
• Life Insurance
• Private Medical Insurance
• Flexible Working.
• Free on-site parking (where available).
• EV charging points (where available).
• Employee Assistance Programme.
• Gym Membership