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Underwriter job in London at Marshmallow Technology Ltd

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Underwriter at Marshmallow Technology Ltd

Underwriter

Marshmallow Technology Ltd London, Greater London Full Time

Description

Marshmallow’s Mission

We’re rebuilding insurance. For good. Powered by technology, curiosity and non-stop innovation, we’re creating a new kind of insurance that’s cheaper, faster, and fairer.

We’ve grown incredibly quickly over the past 4 years, and now provide tens of thousands of customers with tech-centric car insurance, all with a 4.6* Trustpilot score and a friendly customer service team only a button away.

We are a team of over 100 culture-centric and product-centric people, and although we’ve made huge progress over the past few years, 99% of the problems we need to solve are still ahead of us. Insurance touches the lives of billions of people with trillions being spent on it every year, and we intend to totally disrupt it. With that in mind, we’re looking for more bright, passionate people to help us get there.

For the inside scoop on our culture and what working at Marshmallow is like, have a read of our culture handbook

Underwriting at Marshmallow

Since becoming a full insurer in early 2021, Marshmallow has had full control over our underwriting and we have grown a small, dedicated underwriting team, responsible for keeping the business we write within our risk tolerance. We’re scaling fast and now looking to expand our personal lines offerings to help us serve more and more customers with our affordable, fair insurance. Our underwriting team works closely with many other teams across the business - Pricing, Fraud, Customer Operations and Compliance to name a few.

Role Description

This is a really exciting opportunity to lead our recently-formed Underwriting team and play an instrumental part in shaping how it will grow over the next couple of years as we scale. You’ll also be part of launching the new product offerings that will help us scale. You’ll be responsible for managing the day-to-day work of the Underwriting team, including managing and coaching more junior members. You’ll also work closely with teams across the business and be the key liaison between the UK-based broker and our Gibraltar-based underwriter.

You can find out about our culture and what working at Marshmallow is like here.

What you will achieve in your first 12 months at Marshmallow

  • Managing the day-to-day operations of the Underwriting team
  • Be the key liaison between the broker and our underwriter in Gibraltar
  • Monitor and report on performance, audit findings, underwriting leakage, general procedures and policies
  • Review and advise on our underwriting guidelines, acceptance criteria, policy wording, segment changes
  • Review and advise on our broader underwriting, claims and pricing strategies
  • Assist projects team in launching new personal lines products
  • Manage, coach and be a point of escalation for Junior Underwriters
  • Be a point of reference and escalation for Indemnity claim referrals
  • Requirements

    Who you are

  • You can balance our risk tolerance with our aim of delivering a class-leading customer experience
  • You have strong analytical skills and an ability to make decisions quickly
  • You have an ability to balance getting stuck into the detail and also approach problems strategically
  • You are an excellent communicator - as well as mentoring and always sharing knowledge with your team, you have an ability to build and manage strong working relationships across the business
  • You enjoy coaching, developing and helping those around you to develop
  • You are able to prioritise a high volume of work to ensure we’re focussing on the biggest opportunities
  • Experiences that are essential

  • 5 years experience working in motor insurance & household insurance (preferable)
  • Extensive experience dealing with risk
  • A drive to manage, coach and develop more junior team members
  • A customer and results-focused mindset
  • Proven ability to build and manage strong working relationships across the business
  • Strong analytical skills and an ability to make decisions quickly
  •  

    Recommended Skills

    • Analytical
    • Auditing
    • Claim Processing
    • Communication
    • Customer Service
    • Friendliness
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    Job ID: 017cd9663650