Senior Schemes Delivery Underwriter

Job Type:

Permanent

Build a brilliant future with Hiscox

About Hiscox UK

Hiscox UK is a leading brand in the insurance market, recognized as setting the standards others try to emulate. We consistently deliver strong growth and exceptional returns, recruiting only the very best and empowering them to deliver. We are known for insuring the homes of the rich and famous through to the most innovative technology companies. Our customers are diverse and unique and are only united by our ability to provide specialist insurance tailored to their needs.

The role

We have a market leading reputation for producing bespoke solutions for niche customer groups managed by our broker partners, within the wider Schemes team we deliver Schemes (Delegated Authorities and MGA) solutions across the UK retail business.

You’ll work to deliver the underwriting components of new scheme opportunities as well as aiding change across the existing schemes portfolio. You’ll work with the wider Schemes Team across underwriting, operations, sales and the wider senior leadership team to drive improvement and profitable growth of our schemes portfolio, playing an integral part in realising our ambitions of growing the book in line with our strategy.

You’ll report directly to the Schemes Sector Lead and will have responsibility for ensuring that new schemes align with Hiscox’s appetite and underwriting strategy in the Professions sector. You will drive and shape our selection, growth, underwriting, performance and portfolio management strategy. You will work closely with the Delivery manager who oversees the delivery process, and will be responsible for ensuring that all scheme governance is followed.

What you’ll be doing:

• Deliver the underwriting components of New Schemes and existing scheme projects, including assessment of financial modelling, assessment of exposures, creation/review of underwriting guides, review and creation of wordings
• Act as a senior referral point for more complex case underwriting.
• Working in conjunction with the wider Schemes Leadership Team you will be responsible and accountable for preparing and delivering profitable growth plans for the sector
• Keep abreast of new risks and exposures within our chosen sectors to ensure Hiscox market leading position is maintained.
• Working with the Sector lead to help develop new products and propositions and maximise the opportunity within our current/future portfolios of business
• As a senior member of the team take an active role in mentoring and developing more junior members of the team
• Working with the Sector lead around shaping and driving the underlying underwriting strategy and portfolio of business to deliver our 2030 ambitions
• Taking underwriting ownership, relationship management and accountability for some of our key strategic broker partners

Our must-haves:

• Ability to make a confident decision in difficult and complex situations
• Strong interpersonal skills and ability to work independently in a collaborative environment
• Significant underwriting and analytical experience
• ACII qualification or progression towards
• Confident analysing data and reports, making and executing underwriting decisions on portfolios of business
• Results driven, ability to make decisions and operate on own initiative
• Ability to execute and influence at all levels both internally and externally
• Open to new ideas, innovation and educated risk taking

Diversity & Benefits

At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.

Working life doesn’t always have to be in the office, so we have introduced hybrid working to encourage a healthy work life balance.  This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. 

We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other. 

Our benefits package includes a bonus, contributory pension, 25 days annual leave plus 2 Hiscox days and a 4 week paid sabbatical with every 5 years’ worth of service, private medical for all the family and much more.

Work with amazing people and be part of a unique culture

Why work here?

If you want to help build a brilliant future; work with amazing people; be part of a unique company culture; and, of course, enjoy great employee benefits that take care of your mental and physical wellbeing, come and join us.

Get in touch

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About us

We’re a global, specialist insurer headquartered in Bermuda and listed on the London Stock Exchange. With 3,000 employees and 32 offices in 12 countries we’re a business with lots of opportunity for people with talent, spark and lots of ambition. If you want to build a great career with a company that prioritises strong values – such as integrity and courage – where our people always pull together to do the right thing for each other and our customers, then we’d love to hear from you.