Domestic & General is a company with an ambitious future. We are expanding our horizons and entering new markets and we need your expertise to help make it happen. We are an international company who works with some of the worlds most respected and well-known brands of domestic appliances and electronic consumer goods. These opportunities don’t come around often, so this really is a position not to be missed.
About the role
The Senior Underwriting Manager UK is responsible for maximising profitability across multiple sales channels for different client accounts.
The role will drive the improvements in profitability for new and existing lines of warranty business across corporate and consumer products. The role holder’s involvement will have a direct impact on the profitable growth of our organisation as they work across a diverse array of business sectors.
Operating within a fast growing and dynamic business, the role contributes directly to the profitable growth of the organisation.
This role will be supported by a team of two analysts.
Key responsibilities
The team will be responsible for:
- Managing a portfolio of warranty products across multiple clients
- The development and maintenance of claims/risk models and monitoring frameworks that help identify key trends in the performance of our portfolio down to key risk levels.
- Development and improvements in (customer level) risk based pricing working with pricing teams to build claims predictive models.
- Working with Fraud management team to understand and prevent fraud
- Set viable pricing structures for new and existing warranty business
- Ensuring the pricing, commercial arrangements and product design of warranty business delivers against cost and target margins over a lifecycle through accurate costing and modelling
- Producing 1 Year and 5 Year Fee, Income and Claims forecasts, as part of budget cycle
- Working with across the business to understand and explain drivers of variances and build solutions for improvement
- Being fully embedded within the business supporting key decisions and actively collaborating across functions to identify opportunities for value creation
- Analysing new data sources or avenues for understanding how they might benefit our strategy
Requirements
- Price or claims Modelling
- Strong SQL
- Advanced Excel
- Engaging presentations on complex topics
Desirable
- R or Python,
- Cognos,
- Earnix or other optimisation engines
We offer lots of great benefits! Some of which include:
- Competitive salary and annual discretionary bonus
- 25 days annual leave plus bank/public holidays, as well as an annual option to buy up to 5 additional days of annual leave
- Training opportunities as well as clearly defined career progression
- Health cash plan – employer funded cover to enable you to claim money back on essential healthcare costs, including dental, optical, physiotherapy and many more. Cover also includes unlimited access to a 24/7 virtual GP service
- Attractive company pension scheme
- Life assurance – employer funded cover of 4x basic salary
- Dedicated online benefit portal offering access to saving and lending facilities, financial wellbeing and support services
- Salary Finance – access to savings and borrowing through payroll
- Car Leasing – access to a carbon neutral salary sacrifice car leasing scheme, with an all-inclusive monthly cost covering all charge, taxes, insurance, repairs and maintenance on a range of brand new vehicles
- Travel Loans – interest free loans to help spread the cost of annual travel tickets
- Cycle to Work – tax efficient bike and cycling equipment worth up to £1,000
- Health & Wellbeing – discounted gym membership, online virtual workout sessions, online culinary classes
- OnHand – Giving you the opportunity to be an Eco & Social volunteer via a handy app. Volunteer individually or in groups to get involved in Youth Mentoring, Food Poverty, Homelessness & Elderly help
- Employee Assistance Programme – specialist advice and support on issues such as finance, relationships, illness and family issues
- Free Domestic & General protection plan – one free plan each year with access to discounted rates of up to 50% on additional plans, including referrals for family and friends
- Employee discounts – access to discounted Sky TV and broadband packages, together with a range of discounts for 100s of online and high street retailers
Domestic & General are an equal opportunities employer which means we treat people fairly. We welcome applications from all suitably skilled persons regardless of their gender, age, race, disability, ethnic background, religion/belief, sexual orientation, gender reassignment or marital/family status.
Please note that we have a thorough referencing process, which includes criminal record checks.
At Domestic & General, we are proud of our 100-year legacy and excited about our future growth plans. We are expanding our horizons, entering new markets and territories internationally and we need your expertise to help us on the journey.