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For Companies At a Glance
- Tasks: Join the Underwriting Governance team to ensure compliance and improve processes.
- Company: Work with a prestigious Lloyd's Insurance market Syndicate known for excellence.
- Benefits: Enjoy a competitive salary, hybrid working, and a fantastic range of perks.
- Why this job: Be part of a creative team focused on continuous improvement and impactful initiatives.
- Qualifications: Strong Excel skills and experience in underwriting or risk analysis are essential.
- Other info: Negotiable salary for the right candidate; ideal for ambitious individuals.
The predicted salary is between 48000 - 72000 £ per year.
We are supporting a very highly respected Lloyd's Insurance market Syndicate who are currently recruiting for an Underwriting Governance/Controls Analyst to join their Underwriting Governance Management team. You will have worked within a Syndicate where you have had exposure to working closely with the Underwriters ensuring they follow the correct controls and processes when taking on a Risk. This will include monitoring Exception Reports, adding to Policy Documents etc.
You could be working in a Risk Analyst role or within Operations or Compliance but it is vital that you have worked closely with the Underwriters carrying out these duties. This is a very exciting opportunity for an ambitious Lloyd's market Underwriting Analyst who is very creative in coming up with new ideas to improve the processes and procedures.
The main priority of the role will be to assist with the continuous improvement of the Underwriting Controls Framework, the timely and accurate production of reporting, and supporting initiatives to improve the quality of data within the Underwriting Systems.
It is ESSENTIAL that you have good Excel skills, particularly V-Lookups and Pivot Tables and have a good understanding of Insurance/Underwriting terminology.
They are offering a competitive salary @£60,000 (though there may well be some negotiation around this for the right person) and also an excellent range of benefits. As well as this they offer a hybrid working pattern of 60% of the month in the office 40% at home.
Bureau Analyst employer: Brook Street
Contact Detail:
Brook Street Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Bureau Analyst
✨Tip Number 1
Familiarise yourself with the specific underwriting processes and controls used in Lloyd's Insurance. Understanding the nuances of these processes will help you engage more effectively during interviews and demonstrate your knowledge.
✨Tip Number 2
Network with professionals already working in the Lloyd's market, especially those in underwriting or governance roles. Attend industry events or join relevant online forums to gain insights and potentially get referrals.
✨Tip Number 3
Brush up on your Excel skills, particularly V-Lookups and Pivot Tables. Consider taking a short course or using online resources to ensure you're confident in these areas, as they are essential for the role.
✨Tip Number 4
Prepare examples of how you've contributed to process improvements in previous roles. Being able to discuss specific instances where you've enhanced efficiency or quality will set you apart from other candidates.
We think you need these skills to ace Bureau Analyst
Some tips for your application 🫡
Understand the Role: Read the job description carefully to grasp the key responsibilities and requirements. Highlight your experience with Underwriters and any relevant roles in Risk Analysis, Operations, or Compliance.
Tailor Your CV: Customise your CV to reflect your experience in underwriting governance and controls. Emphasise your Excel skills, particularly V-Lookups and Pivot Tables, and include any relevant insurance terminology.
Craft a Compelling Cover Letter: Write a cover letter that showcases your creativity and ideas for improving processes within the Underwriting Controls Framework. Mention specific examples from your past experience that demonstrate your ability to enhance data quality.
Proofread Your Application: Before submitting, thoroughly proofread your CV and cover letter for any errors. Ensure that your application is clear, concise, and free of typos to make a strong impression.
How to prepare for a job interview at Brook Street
✨Showcase Your Analytical Skills
As a Bureau Analyst, you'll need to demonstrate your analytical abilities. Be prepared to discuss specific examples of how you've used Excel, particularly V-Lookups and Pivot Tables, to analyse data and improve processes in your previous roles.
✨Understand Underwriting Terminology
Make sure you have a solid grasp of insurance and underwriting terminology. During the interview, use relevant terms confidently to show that you understand the industry and can communicate effectively with underwriters.
✨Highlight Continuous Improvement Initiatives
This role focuses on improving the Underwriting Controls Framework. Be ready to share any past experiences where you've successfully implemented changes or improvements in processes, showcasing your creativity and initiative.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills. Think about situations where you've had to monitor exception reports or ensure compliance with controls, and be ready to explain your thought process and actions.
