Who Are We?

We insure small businesses and enable big dreams – not just for our customers, but for our people and communities too. With over 1,000,000 active insurance policies, we protect builders, bakers, landlords and more than 1,200 other trades.

We’re a technology company as well as one that sells insurance. That means we build, we fail, we learn and we improve. Through our global social impact strategy, called 'The Big Dreams Project’, we're working to help 10,000 small businesses start or grow by 2030.

Why not check out our advert on YouTube: Simply Business TV advert 2024: 'Simply the Best'.

Job Category

Underwriting

Position Type

Permanent

Target Openings

1

What Is the Opportunity?

Are you an experienced underwriter who wants to help grow and scale a direct-to-consumer insurance product? Simply Business (SB) is looking for a Senior Underwriter to join our Managing General Agent (MGA) team. This isn't your average underwriting role—you'll have the exciting opportunity to help manage a growing insurance program for small business owners in the fast-paced, direct-to-consumer space. This role reports to the Director of Underwriting and is for an underwriting expert who is passionate about combining traditional underwriting expertise with a modern, data-driven approach. You will be a key part of our team, focusing on portfolio management, profitability, and product development. You'll use your sharp analytical skills to identify trends, analyze performance, and make strategic recommendations that help us scale our programs and drive profitable growth.

What You'll Do:

• Managing the underwriting quality and profitability of our MGA book, ensuring adherence to reinsurance guidelines and regulatory requirements.

• Working within our Underwriting Workbench to review risk alerts and document decision-making.

• Actively analyze key trends across new business and renewal cycles, and the performance of various products across lines, geographic regions, and distribution channels within the book of business, collaborating closely with the underwriting, product, and analytics teams.

• Using internal and external data to develop product recommendations that help us grow our programs.

• Working cross-functionally with insurance product, marketing, service, and other SB teams to optimize our products and processes.

• Your underwriting expertise will be critical to influencing change with internal and external partners, challenging norms, and thinking outside the traditional underwriting box.

• You will actively collaborate with and influence our external stakeholders—from reinsurers to claims administrators—to drive strategic changes that support the continued growth and profitability of our MGA.

What We're Looking For:

• Education & Underwriting Experience: Candidates should possess a Bachelor's degree or at least 8 years of relevant work experience. Additionally, 5+ years of experience in commercial lines underwriting is required, with expertise in Professional Liability and Property considered a strong plus. A solid understanding of core Property & Casualty lines, including BOP, Package, General Liability, and Professional Liability, is essential. A CPCU or similar insurance designation is considered a plus.

• Analytical Mindset: You are comfortable working in a data-driven environment and have a solid understanding of pricing models, insurance workflows, and underwriting guidelines.

• Strong Communicator: You can clearly communicate complex underwriting and marketplace concepts to both technical and non-technical stakeholders.

• Customer-First Orientation: You are dedicated to providing solutions that are easy for our customers to understand and that truly meet the specific needs of small business owners.

• A Challenger: You are not afraid to challenge the status quo, ask tough questions, and contribute to the future of our business.

• Collaborative and Independent: You have the ability to work independently as well as with others in a team environment and manage competing priorities.

$81,300 - $147,600 a year the annual base salary range provided for this position represents a broad range of salaries for this role across the country. The identified range is what Simply Business reasonably and in good faith expects to pay for this position. The actual salary offered within this range for this position will be determined by a number of factors, including the geographic location of the successful candidate; the skills, education, training, credentials and experience of the successful candidate relative to the requirements of the role; the market data for this position in the specific work location; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees may also be eligible for performance-based cash incentive awards.

What Will Our Ideal Candidate Have?

• Insurance designation(s) and/or insurance education are preferred (CPCU, AU, ARM, AAI, and/or MBA/MA degree)

• Experience working with US commercial P&C products in an underwriting capacity

• Advanced knowledge of product offerings, insurance lifecycle processes, underwriting guidelines and pricing systems

• Advanced understanding of insurance workflows and concepts, including limits, coverages, pricing models, ISO and form/rate rules

• Excellent communication, analytical, quantitative and problem-solving skills.

• Experience with project management is preferred

• You are passionate about the customer and the customers’ user experience

• The ability to challenge us! We want people who can come in and shape the future of this business and not be afraid to raise questions and help us improve

• An entrepreneurial spirit who wants to be part of insurance start-up

What is a Must Have?

• Bachelor's degree with over 8 years or more relevant work experience

• Insurance designation(s) and/or insurance education are preferred (CPCU, AU, ARM, AAI, and/or MBA/MA degree)

• Experience working with US commercial P&C products in an underwriting capacity

What are the benefits of working at Simply Business:

• we offer a great work-life balance where workloads are manageable and everyone has the flexibility to work hybrid

• on top of the 25 days annual leave (plus bank holidays), we offer the option to buy five more days of holiday with your flexible benefits

• our flexible parental leave allows you to approach an important time how you want - with six months full pay to the primary caregiver and four weeks full pay if you're the secondary caregiver

• our life event leave is an extra days leave every two years for those big moments in your life like moving house or your birthday. And our long-serving employees get a two week paid sabbatical after five years of service, then four weeks off after ten years of service

• private medical insurance through BUPA, that covers any pre-existing condition is a core benefit. Plus a health cash plan that covers your everyday medical expenses

• we offer a competitive salary based oon your experience and the current market. Plus the potential to earn an annual bonus based on performance

Employment Practices

Simply Business is committed to providing equality and opportunities for all employees and candidates considering a career with us. We offer a workplace where colleagues are treated with respect and dignity. We don’t (and won’t) discriminate either directly or indirectly on the grounds of race, colour, religion, belief, political opinion, disability, nationality, ethnic origin, sex, sexual orientation or relationship status at any stage of the hiring process or during the course of your employment.