At a Glance
- Tasks: Lead performance management and strategy for underwriting at Lloyd's.
- Company: Lloyd's is the world's leading insurance marketplace, fostering collaboration and innovation.
- Benefits: Enjoy flexible working, health programmes, and generous perks like training support and employee discounts.
- Why this job: Join a dynamic team shaping the future of insurance with a focus on sustainability and inclusivity.
- Qualifications: Experience in underwriting, portfolio management, and strong analytical skills are essential.
- Other info: Diversity and inclusion are key values; we support workplace adjustments and professional development.
The predicted salary is between 43200 - 72000 £ per year.
Overview
Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world. Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks. Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.
Responsibilities
Exciting and market engaging opportunity to influence the underwriting performance, strategy and oversight of a select group of Managing Agents for which you will own the partnering relationships. Continuous performance management, focusing at portfolio level, including assessing performance at a syndicate and class of business level against approved syndicate business plans in order to drive sustainable profitable performance and growth. Working with CUOs and Active Underwriters across all classes providing high quality analysis, guidance, and insight across their product lines whilst also leading new market wide initiatives and Lloyd’s strategies in response to evolving market conditions and challenges. The collaborative and experienced Underwriting team will be on hand to support the transition into this unique role. An exciting time to be part of the team that drives sustainably profitable growth and plays a significant role in shaping the direction of the Lloyd’s market.
Your profile / Qualifications
To make the necessary impact on the market, you will need to have:
Knowledge of Lloyd’s position in the global (re)insurance marketplace
Well versed and familiar with the current insurance market environment
Proven technical expertise and/or knowledge of underwriting and planning
Experience of portfolio management and an understanding of how it operates within syndicate business plans
Deep understanding of insurance P&L practices and the drivers of performance
Analytical ability to interpret and utilise complex statistical data and dashboards to assist decisions
Able to challenge and influence senior stakeholders in relation to underwriting strategies and business plans
Able to apply a risk-based approach to the management and delivery of business plans across all product lines
Regular exposure and experience of presenting at a senior level
Preferred but not compulsory knowledge of Lloyd’s minimum standards and the PBO framework
Evidence of being a role model within a team, setting examples to collaborate and contribute positively across the Syndicate Performance team
Support and culture
The supportive Underwriting team will be on hand to assist with the transition into this unique role. This is an exciting time to be part of the team that drives sustainably profitable growth and plays a significant role in shaping the direction of the Lloyd’s market.
Contact
Please contact me if you would like to discuss in confidence or request a full role profile:
Diversity and inclusion
Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website.
Work patterns and benefits
We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.
Closing note
By choosing Lloyd\’s, you\’ll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.
Should you require any additional support with your application, or any adjustments, please click the following link: note, clicking on this link does not register your application for the vacancy
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Contact Detail:
Lloyd's Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Syndicate Performance Manager
✨Tip Number 1
Familiarise yourself with Lloyd's position in the global insurance marketplace. Understanding their unique role and how they operate will help you engage more effectively during interviews and discussions.
✨Tip Number 2
Network with professionals in the insurance and reinsurance sectors. Attend industry events or join relevant online forums to connect with people who can provide insights into the Syndicate Performance Manager role and potentially refer you.
✨Tip Number 3
Prepare to discuss your analytical skills and experience with complex statistical data. Be ready to share examples of how you've used data to influence decision-making in previous roles, as this is crucial for the position.
✨Tip Number 4
Showcase your ability to challenge and influence senior stakeholders. Think of specific instances where you've successfully navigated difficult conversations or presented strategic insights that led to positive outcomes.
We think you need these skills to ace Syndicate Performance Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Syndicate Performance Manager role. Tailor your application to highlight how your skills and experiences align with the job description.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in portfolio management, underwriting, and performance analysis. Use specific examples that demonstrate your analytical abilities and your understanding of insurance P&L practices.
Showcase Your Values: Lloyd's values are crucial to their culture. Make sure to reflect their values of bravery, collaboration, and integrity in your application. Share examples of how you've embodied these values in your previous roles.
Craft a Compelling Cover Letter: Your cover letter should not only summarise your qualifications but also convey your passion for the insurance industry and your desire to contribute to Lloyd's mission. Be sure to address how you can help drive sustainable profitable growth.
How to prepare for a job interview at Lloyd's
✨Understand Lloyd's Values
Before your interview, make sure you understand and can articulate Lloyd's core values: bravery, collaboration, integrity, and inclusivity. Be prepared to discuss how your personal values align with these and provide examples from your past experiences.
✨Showcase Your Analytical Skills
As a Syndicate Performance Manager, you'll need strong analytical abilities. Prepare to discuss specific instances where you've successfully interpreted complex data or used statistical analysis to drive decisions. Bring examples of dashboards or reports you've created.
✨Prepare for Stakeholder Engagement
You'll be influencing senior stakeholders, so practice articulating your thoughts clearly and confidently. Think of scenarios where you've had to challenge or persuade others in a professional setting, and be ready to share those experiences.
✨Familiarise Yourself with Market Trends
Stay updated on current trends in the insurance and reinsurance markets. Be ready to discuss how these trends might impact Lloyd's strategies and performance. Showing that you're informed will demonstrate your commitment to the role.