At a Glance
- Tasks: Manage Syndicate 1984, ensuring smooth operations and compliance with Lloyd’s and Asta.
- Company: Join Convex, a dynamic player in the insurance market, committed to innovation and excellence.
- Benefits: Enjoy competitive salary, 30 days leave, private health insurance, and £1,300 for learning & wellbeing.
- Why this job: Be part of a collaborative culture that values continuous improvement and impactful work.
- Qualifications: Experience in the Lloyd’s market with strong skills in financial reporting and risk management required.
- Other info: Flexible working options and opportunities for personal development await you!
The predicted salary is between 43200 - 72000 £ per year.
The role of Syndicate Manager has been created to assist with the ongoing management of the newly created Syndicate 1984. There is a wide variety of activities across multiple functions that will need to be undertaken in order to ensure that Convex is able to meet the requirements of Lloyd’s and Asta as well as ensure smooth operation of the syndicate. As the Syndicate Manager, you will oversee the cross-functional activities required to support the syndicate along with the coordination of ongoing engagement with Asta and Lloyd’s. You will work closely with the Active Underwriter and report directly into the Head of Underwriting Operations.
Key Responsibilities
- Develop and implement strategic plans for the syndicate.
- Oversee underwriting decisions, ensuring compliance with company policies and regulatory requirements.
- Ensure that activities required to submit various returns to Lloyd’s and Asta are completed in line with required timelines. This includes preparation of the SBF, quarterly reserving and aggregate exposures returns.
- Collaborate with syndicate functions to ensure seamless operations across the business.
- Act as liaison between internal functions, Asta and Lloyd’s.
- Ensure key reinsurance contracts between Convex and the Syndicate are managed effectively.
Skills Knowledge and Expertise
- Proven track record in the Lloyd’s market, with a robust understanding of financial reporting, regulatory requirements and performance analysis techniques.
- Intimate understanding of underwriting, operations governance and risk management.
- Effective communicator with the ability to set and manage expectations clearly and foster collaborative relationships with all stakeholders.
- Good at leading and driving things forward; able to handle and prioritise various projects, initiatives and deadlines.
- The ability to influence and constructively challenge internal as well as external stakeholders and drive a culture of continuous improvement.
Benefits
- Competitive Salary
- 30 days Annual Leave
- Birthday Leave
- 10% Employer Pension Contribution
- Private Health Insurance
- Medical Cover
- Group Income Protection
- Life Assurance Cover
- Enhanced Parental Leave
- Annual Health Check
- 3 days of Volunteer Leave each year
- 10 days of help with care (elder/ childcare) through Bright Horizons
- £1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
Syndicate Manager employer: Starr Underwriting
Contact Detail:
Starr Underwriting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Syndicate Manager
✨Tip Number 1
Familiarise yourself with the Lloyd's market and its regulatory requirements. Understanding the nuances of this environment will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals already working in syndicate management or related roles. Attend industry events or join relevant online forums to build connections that could provide insights and potentially refer you for the position.
✨Tip Number 3
Showcase your leadership skills by discussing past experiences where you've successfully managed projects or teams. Highlighting your ability to drive initiatives forward will resonate well with the responsibilities of a Syndicate Manager.
✨Tip Number 4
Prepare to discuss how you would handle compliance and reporting tasks specific to the syndicate. Being able to articulate your approach to these critical functions will set you apart from other candidates.
We think you need these skills to ace Syndicate Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and skills required for the Syndicate Manager position. Tailor your application to highlight your relevant experience in the Lloyd’s market and your understanding of underwriting and operations governance.
Craft a Strong CV: Your CV should clearly outline your proven track record in the Lloyd’s market, focusing on financial reporting, regulatory requirements, and performance analysis techniques. Use specific examples to demonstrate your expertise and achievements in these areas.
Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Highlight your effective communication skills and your ability to manage expectations and foster collaborative relationships. Make sure to connect your past experiences with the key responsibilities of the Syndicate Manager.
Proofread Your Application: Before submitting your application, take the time to proofread all documents. Check for any spelling or grammatical errors, and ensure that your information is clear and concise. A polished application reflects your attention to detail and professionalism.
How to prepare for a job interview at Starr Underwriting
✨Know Your Syndicate Inside Out
Before the interview, make sure you thoroughly understand Syndicate 1984 and its operations. Familiarise yourself with its strategic goals, recent performance, and how it fits within the broader Lloyd's market. This knowledge will demonstrate your genuine interest and preparedness.
✨Showcase Your Regulatory Knowledge
Given the importance of compliance in this role, be ready to discuss your understanding of regulatory requirements and financial reporting in the Lloyd's market. Prepare examples from your past experience where you successfully navigated these complexities.
✨Highlight Your Communication Skills
As a Syndicate Manager, you'll need to liaise with various stakeholders. Be prepared to share instances where you've effectively communicated complex information or managed expectations among different teams. This will showcase your ability to foster collaborative relationships.
✨Demonstrate Project Management Prowess
The role requires handling multiple projects simultaneously. Come equipped with examples of how you've prioritised tasks and driven initiatives forward in previous roles. This will illustrate your capability to manage deadlines and deliver results under pressure.