Average Underwriting Manager salary in City of London

PROFESSIONAL INDEMNITY UNDERWRITER - LONDON/HYBRID - FAST GROWING MGA - NEW TEAM ENVIRONMENT - SALARY GUIDE £60k to £80k (DOE)Launched in 2024, Carlton Young specialises in the recruitment of professionals across the Accountancy, Finance, HR, and Insurance sectors. Founded by a highly experienced multi-disciplined recruiter and a fully qualified chartered accountant, and supported by a skilled team of dedicated recruiters, we combine industry expertise with recruitment know-how to successfully connect top talent with leading businesses.We have partnered with an exceptionally fast-growing MGA with international ambitions and experienced team of leaders already in place, with exceptional growth planned for 2026.They are looking to develop their PI Underwriting team, supporting the business with key underwriting requirements, this is a role that will require:·Lead the underwriting of complex PI risks across key professional sectorsCarry out detailed risk assessments, analysing financials, exposure, claims history and sector-specific risk drivers.Make sound, data-driven underwriting decisions within delegated authority; refer higher-value or non-standard risks appropriately.Develop, manage, and optimise a profitable PI portfolio Support the delivery of underwriting plans, forecasts, and performance metricsDevelop strong trading relationships with brokers Ensure accurate information relayed to brokers on appetite, wordings, risk mitigation, and market conditionsMaintain accurate underwriting files, documentation and system entries.You will be part of a fast-growing underwriting team, and the company are looking for someone with:Professional Indemnity underwriting experience, underwriting complex risks, primarily new business focussedStrong technical knowledge, particularly around PI wording, coverages, policy structure and risk factorsAnalytical approach and excellent attention to detailStrong communication skillsExcellent team player, contributing to the growth and development of the division The ability to make and justify decisions, showing flexibility and a proactive outlookIntegrity and strong ethical standardsThe company are on a major growth trajectory with huge potential for growth and personal development/progression. This is an integral role to help with the growth and development of the business, there is:An employment package with perks (discussed at interview stage). A starting salary guide of between £60,000 to £80,000 A high level of autonomy - allowing flexibility around workingHybrid working availableWe are keen to hear from anyone with the required experience. Please send a current CV for review and consideration.We value all applications, however, due to volume numbers we are only able to contact candidates whose skills and experience closely match the requirements of our clients.In line with the requirements of the Asylum and Immigration Act 1996, all applicants must be eligible to live and work in the UK and will be asked to provide documented evidence of eligibility. In line with the requirements of the Employment Agencies Act 1973 we are prohibited from charging work-seekers for work finding services.

Job Title: UnderwriterDepartment: Property InsurancePurpose of Role/Job Overview:To provide efficient, timely and professional support to the brokers for New Business and general enquiriesMust have experience in Property for the SME package policies and at least 2 years’ experience in the SME package policies sector.To achieve income and profit objectives through the new business team, determine policy terms and calculate premiums in line with authority levels.To positively reinforce and display the clients values and to actively drive the business forward in achieving its objectives.Key Accountabilities:Meeting and where possible, exceeding brokers service levels and expectations.Support wider teamIdentify cover and hazards that will impact on the acceptance, pricing, or terms applicable to a risk.Understands the impact of claims and risk management on the performance of a case and demonstrates an ability to review taking these factors into account.Build and maintain strong relationships with key trading partners to maximize influence.Support the development and operation of sales campaigns to drive the acquisition of profitable business.Other Activities, Duties and ResponsibilitiesMaintain and develop market awareness.Maintain good working relationships with all internal departments.Maintain an open communication ethos with colleagues and managers.Demonstrate "model behaviours"Comply with all legal, regulatory, and contractual requirements to ensure obligations are met.Contribute to wider business activities.Operate within individual underwriting authorities and guidelines.Knowledge: An understanding of the UK insurance marketA broad knowledge of SME Property owners and/or Commercial insuranceA thorough understanding of underwriting processesSkills/Abilities/ Competencies:Good communication and organizational skillsAbility to manage time effectively, set priorities and meet deadlinesAbility to learn and adapt to changeDesire/ability to work successfully in a small company environmentProven ability in developing key working relationships and business opportunitiesUnderstanding of good negotiation and decision- making skillsMarket knowledge of legal and regulatory requirements as well as technical proficiency on wordingsA strong level of numeracy, analytical and literacy skillsStrong organizational and prioritization skillsThe ability to influence actions and attitudes of others through leading by exampleAn understanding of the UK insurance marketA broad knowledge of SME Property owners and/or Commercial insuranceA thorough understanding of underwriting processesMinimum of 2 years relevant experience in the insurance industryA minimum of five GCSE’s (A*-C grades, to include Maths and English) or equivalentCERT CII, DIP CII or equivalentPersonal AttributesA friendly professional demeanour and ability to excel in a team-oriented environmentNatural at giving direction to and mentoring less experienced colleaguesDriven to go 'above and beyond’ to provide bestin class service to insurer and broker partnersAlong with our client, we are committed to a diverse workforce and as such recruit from a wide available pool of talent, with the hiring, assessment and selection process being fair, free from bias and one which ensures the right person is selected for the job, based on merit. We treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.A copy of our D&I policy can be made available upon request.

SENIOR PROFESSIONAL INDEMNITY UNDERWRITER - LONDON/HYBRID - FAST GROWING MGA - NEW TEAM ENVIRONMENT - SALARY GUIDE £70k to £80k (DOE)Launched in 2024, Carlton Young specialises in the recruitment of professionals across the Accountancy, Finance, HR, and Insurance sectors. Founded by a highly experienced multi-disciplined recruiter and a fully qualified chartered accountant, and supported by a skilled team of dedicated recruiters, we combine industry expertise with recruitment know-how to successfully connect top talent with leading businesses.We have partnered with an exceptionally fast-growing MGA with international ambitions and experienced team of leaders already in place, with exceptional growth planned for 2026.They are looking to develop their PI Underwriting team, working closely with their Divisional MD and supporting them with key business divisions this is Senior Underwriter role requirements include:Lead the underwriting of complex PI risks across key professional sectorsCarry out detailed risk assessments, analysing financials, exposure, claims history and sector-specific risk drivers.Make sound, data-driven underwriting decisions within delegated authority; refer higher-value or non-standard risks appropriately.Develop, manage, and optimise a profitable PI portfolio Monitor market, regulatory and claims trends to ensure pricing adequacy and product competitiveness.Support the delivery of underwriting plans, forecasts, and performance metricsMaintain and expand strong trading relationships with brokers Represent the company at broker meetings, market events, and client presentations.Provide technical guidance to brokers on appetite, wordings, risk mitigation, and market conditionsMaintain accurate underwriting files, documentation and system entries.Contribute to audit processes and continuous improvement initiatives.This will be a Senior Underwriter position within the underwriting team, and the company are looking for someone with:Substantial Professional Indemnity underwriting experience, underwriting complex risks, primarily new business focussedExcellent technical knowledge, particularly around PI wording, coverages, policy structure and risk factorsProven track record of sound risk selection and underwriting profitabilityAnalytical approach and excellent attention to detailStrong communication skillsThe ability to make and justify decisions, showing flexibility and a proactive outlookIntegrity and strong ethical standardsThe company are on a major growth trajectory with huge potential for growth and personal development/progression. This is an integral role to help with the growth and development of the business, there is:An employment package with perks (discussed at interview stage). A starting salary guide of between £80,000 to £100,000 A high level of autonomy - allowing flexibility around workingHybrid working availableWe are keen to hear from anyone with the required experience. Please send a current CV for review and consideration.We value all applications, however, due to volume numbers we are only able to contact candidates whose skills and experience closely match the requirements of our clients.In line with the requirements of the Asylum and Immigration Act 1996, all applicants must be eligible to live and work in the UK and will be asked to provide documented evidence of eligibility. In line with the requirements of the Employment Agencies Act 1973 we are prohibited from charging work-seekers for work finding services.