Avencia are partnered with a leading global insurer and Fortune 500 company, who are looking to recruit a Senior Underwriter. This role can be based in London, Leeds, Manchester, Birmingham, or Croydon.
This is a brand-new opportunity within the Schemes division, managing a diverse range of latent defect insurance policies.
Key responsibilities
* Lead the underwriting strategy for latent defects insurance across commercial, residential, and mixed-use construction projects.
* Serve as a key referral point for broker partners, ensuring all accounts are managed in line with agreed service standards.
* Oversee portfolio performance, maintaining profitability and driving growth by analysing claims trends, market developments, and loss ratios to inform renewal and pricing decisions.
* Build and maintain strong relationships with brokers and cover holders, acting as a subject matter expert on all aspects of latent defects insurance and representing the business with professionalism and authority.
* Collaborate with the Underwriting Manager to refine and enhance latent defects products and policy wordings, ensuring they remain competitive and relevant in the UK market.
* Provide expert technical input on risk survey reports and support informed underwriting decisions.
* Ensure full compliance with governance standards, FCA requirements, and all relevant legal and regulatory frameworks in all underwriting and reporting activities.
* Stay informed of developments within the UK construction and latent defects insurance markets, including competitor activity and emerging trends.
* Contribute to team objectives, supporting the achievement of ambitious targets within the Schemes team by managing workloads effectively and sharing technical expertise.
* Coach and mentor junior underwriters, fostering a collaborative, knowledge-sharing environment that promotes technical excellence and professional growth.
Skills & experience
* Over 5 years' experience underwriting construction risks, specialising in latent defects for the UK insurance market.
* Proven success in managing profitable portfolios and developing strong broker and client relationships.
* Experienced in product development, including policy wording, pricing, and market positioning.
* Strong technical knowledge of construction processes, building regulations, and common causes of latent defects.
* Skilled in risk assessment and mitigation, with expertise in interpreting technical reports and site surveys.
* Clear and confident communicator, able to explain complex technical concepts to diverse audiences.
* Collaborative team player who fosters a positive, high-performing culture.
* Detail-oriented, ethical, and dedicated to delivering exceptional client service.
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