Commercial Portfolio Underwriter

Job description

Experienced in managing commercial underwriting portfolios, including PI & looking for a new exciting challenge? Let's connect!

About the role

Our Portfolio Underwriter will be responsible for managing a portfolio of commercial package policies, primarily across UK Property & Casualty classes, while supporting selective underwriting of Professional Indemnity risks.

The role focuses on delivering profitable growth, maintaining underwriting discipline, and building strong broker relationships.

What you'll get up to:

• Underwrite new business, renewals, and mid-term adjustments within delegated authority.
• Evaluate risk across core P&C lines including:
• Property (material damage, business interruption)
• Liability (employers, public, and products liability)
• Support underwriting of Professional Indemnity risks with guidance where required.
• Apply technical underwriting judgement to assess exposure, coverage, and pricing adequacy.
• Manage a defined book of package business to achieve profitability and growth targets.
• Monitor portfolio performance (loss ratios, retention, rate adequacy).
• Identify trends and take corrective underwriting actions.
• Build and maintain strong relationships with UK regional brokers.
• Support new business development through broker visits and presentations.
• Apply rating tools, underwriting guidelines, and market insight to price risks appropriately.
• Ensure policy wordings, endorsements, and coverage align with risk appetite.
• Contribute to wording enhancements, especially in P&C package products.
• Ensure underwriting decisions comply with internal authority levels and regulatory requirements (Financial Conduct Authority standards).
• Maintain accurate documentation and audit trails.
• Strong grounding in UK commercial P&C underwriting.
• Working knowledge of Professional Indemnity underwriting principles.
• Ability to interpret underwriting data, claims trends, and financial metrics.
• Sound judgement in balancing risk vs reward.
• Confident communicator with brokers and internal stakeholders.
• High level of accuracy in policy construction and documentation.

About you:

• Experience in UK commercial underwriting.
• Exposure to package policies or SME/mid-market business preferred.
• Experience in Professional Indemnity is desirable.
• Progress towards or completion of a professional insurance qualification (e.g. CII).
• Experience contributing to portfolio analysis, pricing reviews, or underwriting strategy.
• Demonstrable underwriting judgement with the ability to balance risk, pricing, and commercial considerations.
• Experience working with brokers and managing broker relationships.
• Good understanding of FCA regulation and the UK insurance market.
• Strong organisational skills with the ability to manage competing priorities.

In return, we offer you:

• A competitive salary and the ability to grow your career
• 25 days holiday - so there’s plenty of time for work, rest and play
• Hybrid way of working for the perfect work / life balance
• Vitality private health and dental insurance
• Added benefits including competitive pension and salary sacrifice
• Access to financial wellbeing platform Mintago
• Full access to

  Spill

  , our mental health platform
• Cycle to work scheme
• Fun and modern office environment with regular team social events
• Glasgow City Centre location

Extra information

Status

Open

Education Level

Secondary School

Location

Glasgow City

Type of Contract

Full-time jobs

Published at

03-04-2026

Full UK/EU driving license preferred

No

Car Preferred

No

Must be eligible to work in the EU

No

Cover Letter Required

No

Languages

English