Job Description
Portfolio Underwriter
Hybrid Working
TO £70,000 + Benefits
A leading MGA operating within the commercial insurance market is seeking an experienced Portfolio Underwriter to take ownership of the performance and profitability of key commercial product and scheme portfolios.
This is a high-profile role combining deep technical underwriting expertise with strategic portfolio management. The successful candidate will shape underwriting strategy, influence product development, and use data-driven insight to drive profitable growth across SME Property & Liability portfolios.
This opportunity suits an individual who is passionate about portfolio optimisation, risk selection, and building market-leading propositions within a dynamic and entrepreneurial environment.
The Role of the Portfolio Underwriter
The Portfolio Underwriter will be directly accountable for portfolio performance, working across multiple product lines to ensure alignment with risk appetite, pricing strategy, and business objectives.
The role will involve analysing portfolio MI, identifying trends, and recommending enhancements to underwriting strategy, rules, and product design. The postholder will play a key role in strategic commercial growth projects and act as a trusted partner to underwriting, pricing, and senior leadership teams.
Key Responsibilities of the Portfolio Underwriter
Portfolio & Performance Management
* Own the performance and profitability of assigned products and schemes against budgeted targets
* Monitor, analyse, and interpret MI to identify trends, opportunities, and emerging risks
* Lead development and implementation of portfolio underwriting strategies, rules, and terms
* Conduct deep-dive analysis on conversion, retention, customer behaviour, and claims performance
* Produce regular portfolio reporting and monthly independent analysis
* Support the full product lifecycle, ensuring underwriting guides and documentation remain current
Strategy & Stakeholder Engagement
* Build strong relationships across underwriting, pricing, distribution, and senior leadership
* Influence stakeholders with clear, evidence-based recommendations
* Contribute to strategic initiatives focused on commercial growth and product development
* Represent the business in relevant market and MGA forums
Portfolio Underwriter Profile
* Proven track record of managing portfolio risk selection and owning underwriting performance
* Strong technical underwriting background in SME Property & Liability
* Experience of portfolio MI analysis, underwriting rules management, and product development
* Demonstrated ability to interpret data and translate insight into actionable strategy
* Expert knowledge of underwriting principles, risk selection, and portfolio management
* Excellent communication, presentation, and storytelling skills
* Strategic thinker who challenges the status quo and proposes practical solutions
* Highly organised with the ability to manage multiple projects and deadlines
* Experience within MGA, insurer, or delegated authority environments preferred
* ACII / DIP qualification or working towards preferred