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SME Underwriter

Hybrid

  1. Full time

Closing date

27/04/2024

About the job

We are currently hiring for a SME Underwriter to join the recently launched, Admiral Business!

About Admiral Pioneer

Admiral Pioneer is a new entity within Admiral Group with the objective of seeding, launching and scaling new businesses in areas of increasing societal importance. We are focusing on three significant domains:

•  Mobility

•  Future of Work

•  Live to 101

These domains are long term growth areas for Admiral. We anchor around meeting customer needs and are focused on experimenting and proving new products, business models and partnerships through a discovery driven approach.

We aren’t an incubator, we are building a dynamic and energising environment where we will provide all the excitement and freedom of a start-up, with the support and stability of an established organisation. We want to recruit passionate business builders who look at the world and see huge opportunities to change it.

The Admiral Business Team

Surviving in business is tough. Succeeding is even harder. We want to make it possible for more small businesses to survive and thrive - by building personalised products and services that allow our customers to run their business as well as they perform their craft.

We are a high-impact collaborative team of passionate individuals who are constantly looking at ways to enhance customer experience through a human centred design approach, rigour experimentation and a test and learn mindset. We are looking for bright and talented individuals who have a can-do attitude and will thrive in this enabling environment. We treat our colleagues openly, equally, and fairly and give them a ton of opportunity and freedom to do their best work and make a positive impact.

The Role 

As an SME Underwriter for the Admiral Business Proposition, you will play a crucial role in supporting the growth and development of our digital, flexible, and innovative business offering.

Your responsibilities will include making underwriting decisions, interpreting guidelines, accepting or declining risks at both policy and portfolio levels, and applying terms as necessary.

You will provide technical assistance on underwriting matters, ensuring compliance with internal processes and regulatory requirements to deliver a customer-centric proposition.

Key Responsibilites 

  • Underwriting Decisions: Make informed underwriting decisions based on a thorough interpretation of underwriting guidelines.
  • Risk Management: Accept or decline risks at both policy and portfolio levels, applying appropriate terms and conditions.
  • Technical Assistance: Provide technical assistance on underwriting matters to internal teams and stakeholders.
  • Policy Development: Contribute to the creation and ongoing development of policy wordings and documents.
  • Compliance: Engage with the Governance Team to ensure compliance with internal processes and regulatory requirements.
  • SME Package Insurance: Utilize your in-depth knowledge of SME Package insurance to enhance underwriting processes.
  • Documentation Production: Play a role in the production of policy wordings and other relevant documentation.
  • Rule and Guideline Monitoring: Assist in developing, administering, and monitoring underwriting rules and guidelines.
  • Statistical Analysis: Contribute to the compilation and analysis of statistics for continuous improvement.
  • Adaptability: Demonstrate the ability to think differently in a high-energy, challenging, and Agile environment.
  • Cultural Contribution: Support and embody Admiral Pioneer's culture by maintaining a 'can-do' approach.

Key Skills, Qualifications, and Experience

  • Knowledge: A good understanding of SME Package insurance.
  • Experience: Previous involvement in wording and documentation production within an underwriting role.
  • Problem Solving: Ability to resolve technical queries by referring to policies, procedures, and specifications.
  • Rule Development: Experience in developing, administering, and monitoring underwriting rules and guidelines.
  • Analytical Skills: Capable of compiling and analyzing statistics for informed decision-making.
  • Adaptability: Comfortable thinking differently and thriving in a high-energy, challenging, and Agile environment.
  • Cultural Fit: Demonstrate a 'can-do' approach to align with Admiral Pioneer's culture.

This role offers an exciting opportunity for an experienced underwriter seeking the next challenge in a dynamic and innovative venture. Join us and contribute to the continued success of the Admiral Business Proposition.

Salary, Benefits and Work-Life Balance

At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we’re consistently voted one of the Sunday Times Best Big Companies to Work For in the UK.

All colleagues will receive 33 days holiday (including banks holidays) when they join us, and this will increase with length of service, up to a maximum of 38 days (including banks holidays). You also have the option to buy or sell up to five days of annual leave in addition to your allocation.

You can also view some of our other key benefits here

Our Commitment to You

At Admiral, we are committed to being a diverse and inclusive workplace. Admiral is proud to be an equal opportunities employer and does not discriminate on the basis of race, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), national origin, gender, gender identity, sexual orientation, disability, age, or any other legally protected status.

All qualified applicants will receive equal consideration.

#LI-Pioneer #LI-LCC1

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Our Benefits

As one of our four pillars to our culture, Reward and Recognition is extremely important. We believe that happy staff make happy customers, so we have a huge range of great benefits to make sure everybody has something to smile about! Here are a few of our more popular ones.

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