Average Financial Underwriter salary in London

The roleAn outstanding opportunity for a dynamic and visionary leader to join a leading MGA Underwriter as the Property & Casualty Underwriting Manager and drive the business forwards. Reporting directly to the Board of Directors, you will play a pivotal role in defining and delivering our underwriting strategy to ensure we achieve our target loss ratios and revenue objectives, while setting the standard for excellence in the industry.Key Responsibilities: Leadership: Lead the underwriting team to set and execute underwriting strategies, ensuring performance targets and KPIs are met across Property & Casualty product lines.Binder Management - Day-to-day management of our binders, exercising judgement in all underwriting matters, and remaining aware of underwriting limits. Monitoring performance, including exposure monitoring, rate movement, claims trends, and regular capacity reviews,Business Development - Develop growth strategies and implement action plan. Building meaningful, long-term relationships with new and existing partners.Agent Development - Develop and grow the agency database, including underwriter visits, promoting product offering, target markets and appetite.Financial Oversight: Manage budgeting, financial planning, and monitoring key financial metrics like loss ratio and underwriting performance to maintain business stability and support growth.Operational Excellence: Oversee day-to-day operations, ensuring efficiency, best practices, and continuous improvement in processes are achieved.Regulatory Compliance & Risk Management: Ensure full compliance with FCA regulations and manage business risks effectively.Customer-Centric Approach: Ensure the underwriting strategy, which meets our agents requirements and satisfaction, driving a customer first service experience.Team Development: Foster a culture of collaboration, accountability, and inclusivity while nurturing top talent and developing a high-performance team. What you'll need to succeed Expert technical underwriting experience in Property & Casualty within the commercial insurance sector.You will have a strong understanding of the property and casualty delegated authority market and have proven market knowledge and strong capacity and Broker contacts.Proven leadership with a growth-driven mindset and a track record of delivering results.Strong understanding of regulatory requirements and industry standards.High-level financial acumen with the ability to innovate and challenge the status quo.Inspirational, inclusive leader who can make tough decisions and drive team success.A focus on continuous improvement, customer satisfaction, and operational excellence.A minimum cert CII is desirable. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Role Overview:We are seeking a highly motivated and experienced Underwriter to lead the expansion of a profitable portfolio while maintaining strong relationships with insurers and brokers. This role involves underwriting responsibilities and business development with a focus on Property, Casualty, and Development lines. Key Responsibilities: Build and sustain special relationships with existing brokers and retail customers, while targeting new brokers through effective marketing of current productsEnsure professional service delivery of new business and renewals to meet company income targets in line with regulatory requirements and internal proceduresAssist in converting renewals and new business opportunitiesMaintain complete electronic files using Acturis/SchemeServe/Broker Partners systemsCollaborate on actions involving brokers, policyholders, and capacity providersShare expertise with fellow team members and provide support where necessaryResolve enquiries, credit control issues, and problems efficiently to foster positive broker relationshipsSeek and respond to customer feedback proactivelyMitigate and address conflicts of interest effectivelySupport business unit key performance indicators and targets as directedComply with regulatory requirements, including the Financial Services and Markets Act 2000, FCA regulations, and internal company policies Qualifications and Skills: Proven track record in underwriting with expertise in Property, Casualty, and Development linesStrong relationship management skills to build and maintain effective partnerships with brokers and retail customersProficient in using electronic file management systems (e.g., Acturis/SchemeServe)Knowledge of regulatory frameworks, including FCA Code of Conduct (COCON)Commitment to ethical behavior and treating customers fairlyDedication to ongoing professional training and development Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Underwriter Bridging Finance London We are currently working with a fast-growing lender, who are looking for a Bridging Underwriter to join the team. The Sales and Underwriting teams are currently expanding, to ensure the business can grow and continue to deliver exceptional service. Your main responsibility will be to work within the Underwriting team, to ensure effective risk management and seamless drawdown of funds to borrowers. Responsibilities: Liaising with valuers, solicitors, and intermediariesEnsuring all files are complete and accurateEnsuring all deals comply with the Company’s lending criteriaCompleting all credit papers accuratelyProjecting positivity, professionalism, and knowledge across all communicationsWorking closely with the whole business to ensure deals progress smoothly and efficiently Key skills / Experience: Analytical and methodical thinkingAbility to take ownershipSuccessful task management, to deliver high quality servicePrevious underwriting experience within Financial Services (Ideally bridging finance)Ability to communicate at all levelsA can-do attitudeA flexible approach to workA confident communicatorSelf-motivation