Managing Director, MGA

Managing Director, MGA

London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead a dynamic MGA, driving growth and innovation while building high-performing teams.
  • Company: Join a rapidly growing Managing General Agent at the forefront of the insurance sector.
  • Benefits: Enjoy competitive pay, career development opportunities, and a vibrant work culture.
  • Why this job: Shape the future of insurance and make a significant impact in a pivotal leadership role.
  • Qualifications: Proven leadership experience in MGA or insurance, with strong commercial acumen and strategic thinking.
  • Other info: This role is regulated by the FCA, ensuring compliance and adherence to industry standards.

The predicted salary is between 43200 - 72000 £ per year.

Are you a visionary leader with a proven track record in the insurance sector, ready to take the helm of a dynamic and rapidly growing Managing General Agent (MGA)? Do you thrive on driving strategic growth, fostering innovation, and building high-performing teams? If you’re passionate about shaping the future of insurance and making a significant impact, this is the opportunity you’ve been waiting for. We’re searching for an exceptional individual to lead our MGA, building on its success and steering it towards even greater achievements as a key member of our UK Executive team.

This isn’t just a leadership role; it’s a chance to be at the forefront of a pivotal period of expansion and transformation. You’ll be instrumental in developing and executing our strategic vision, expanding our market reach, and cultivating strong relationships with brokers and capacity providers. If you’re a results-oriented leader with a deep understanding of MGA operations, underwriting, and distribution, and you’re eager to leave your mark on a forward-thinking organization, we encourage you to read on.

As our Managing Director of the MGA, you’ll:

  • Define and execute the MGA strategy, aligning it with our long-term vision and maximizing its value.
  • Drive profitable growth and financial performance, meeting targets and maintaining sound underwriting principles.
  • Cultivate and strengthen key relationships with capacity providers, external suppliers, and strategic partners.
  • Ensure compliance and regulatory adherence, while leveraging market trends for new commercial models.
  • Lead and develop a high-performing team, fostering a customer-centric and innovative culture.
  • Provide strategic input as a key member of the UK Executive team, accelerating overall business growth.

We’re looking for someone who is:

  • A seasoned leader with a proven track record at Director or Head of Underwriting/Operations level within an MGA or insurer with substantial delegated authority.
  • Deeply knowledgeable about capacity agreements, delegated underwriting authority, and regulatory frameworks.
  • Commercially astute, with a history of driving profitable growth, P&L management, and innovating new commercial models.
  • An exceptional communicator and negotiator, capable of building and maintaining strong relationships with insurer partners.
  • A strategic thinker who can translate vision into actionable plans and inspire, lead, and develop teams.
  • Results-oriented, proactive in problem-solving, and thrives in an ambiguous, fast-paced environment.

This role is regulated by the FCA and it will have specific responsibilities under those regulations. We’ll explain these to you as part of the hiring process.

If you’re applying for a role in which you’ll performing Senior Management Functions under the Senior Manager and Certification Regime (SM&CR), you’ll also be subject to enhanced check and referencing in accordance with the FCA’s guidelines.

Ready to lead our MGA into its next phase of success? If you’re an ambitious and experienced leader seeking a challenging yet rewarding opportunity to shape the future of small business underwriting, we want to hear from you. Apply now and become a vital part of our future!

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Managing Director, MGA employer: Simply Business

As a Managing Director at our dynamic MGA, you will be part of a forward-thinking organisation that prioritises innovation and strategic growth. We foster a collaborative work culture that encourages professional development and empowers leaders to make impactful decisions. With a focus on building high-performing teams and cultivating strong relationships within the insurance sector, this role offers a unique opportunity to shape the future of small business underwriting in a supportive and ambitious environment.
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Contact Detail:

Simply Business Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Managing Director, MGA

✨Tip Number 1

Network with industry professionals who have experience in managing general agents (MGAs) or similar roles. Attend insurance conferences, webinars, and local meetups to connect with potential colleagues and mentors who can provide insights into the role and the company.

✨Tip Number 2

Research the latest trends and innovations in the insurance sector, particularly those affecting MGAs. Being well-versed in current market dynamics will not only help you during interviews but also demonstrate your commitment to driving strategic growth.

✨Tip Number 3

Prepare to discuss your leadership style and how it aligns with fostering a high-performing team. Think of specific examples where you've successfully led teams through change or innovation, as this will resonate well with our vision for the role.

✨Tip Number 4

Familiarise yourself with the regulatory landscape that governs MGAs, especially the FCA guidelines. Understanding these regulations will be crucial in demonstrating your capability to ensure compliance and drive sound underwriting principles.

We think you need these skills to ace Managing Director, MGA

Strategic Leadership
Insurance Sector Expertise
Underwriting Knowledge
Financial Acumen
P&L Management
Relationship Building
Negotiation Skills
Regulatory Compliance
Market Analysis
Team Development
Customer-Centric Approach
Innovation and Change Management
Problem-Solving Skills
Communication Skills
Visionary Thinking

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your leadership experience in the insurance sector, particularly within an MGA or similar environment. Emphasise your track record in driving growth and managing teams.

Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the insurance industry. Discuss how your vision aligns with the company's goals and how you plan to drive strategic growth and innovation.

Highlight Relevant Achievements: When detailing your experience, focus on specific achievements that demonstrate your ability to lead high-performing teams and manage profitable growth. Use metrics where possible to quantify your success.

Showcase Your Strategic Thinking: Illustrate your strategic thinking skills by providing examples of how you've developed and executed successful strategies in previous roles. This will show your potential employer that you can translate vision into actionable plans.

How to prepare for a job interview at Simply Business

✨Showcase Your Visionary Leadership

As a Managing Director, it's crucial to demonstrate your ability to lead with vision. Prepare examples of how you've successfully driven strategic growth in previous roles, and be ready to discuss your approach to fostering innovation within teams.

✨Highlight Your Industry Knowledge

Make sure to articulate your deep understanding of MGA operations, underwriting, and distribution. Be prepared to discuss capacity agreements and regulatory frameworks, as this knowledge will be key in showcasing your suitability for the role.

✨Demonstrate Relationship-Building Skills

Strong relationships with brokers and capacity providers are essential. Share specific instances where you've successfully cultivated these relationships, and explain how you plan to strengthen them further in this new role.

✨Prepare for Strategic Discussions

As a key member of the UK Executive team, you'll need to provide strategic input. Think about how you can translate your vision into actionable plans and be ready to discuss your strategies for driving profitable growth and financial performance.

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