Managing Director, MGA (London)
Managing Director, MGA (London)

Managing Director, MGA (London)

Wandsworth Full-Time 72000 - 108000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead a dynamic MGA, driving strategic growth and innovation in the insurance sector.
  • Company: Join a rapidly growing Managing General Agent making waves in the insurance industry.
  • Benefits: Enjoy competitive pay, career growth opportunities, and a vibrant work culture.
  • Why this job: Be at the forefront of transformation, shaping the future of insurance with a passionate team.
  • Qualifications: Proven leadership experience in MGA or insurance, with strong commercial acumen and communication skills.
  • Other info: This role is regulated by the FCA, ensuring compliance and professional standards.

The predicted salary is between 72000 - 108000 £ 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 (London) employer: Simply Business

As a leading Managing General Agent (MGA) based in London, we pride ourselves on being an exceptional employer that champions innovation and strategic growth. Our dynamic work culture fosters collaboration and empowers our employees to thrive, offering ample opportunities for professional development and leadership within the insurance sector. Join us to make a significant impact while enjoying the benefits of working in a vibrant city known for its rich history and diverse opportunities.
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Contact Detail:

Simply Business Recruiting Team

StudySmarter Expert Advice 🤫

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

✨Tip Number 1

Network strategically within the insurance sector. Attend industry events, conferences, and seminars where you can meet key players in the MGA space. Building relationships with brokers and capacity providers can give you insights into the market and potentially lead to referrals.

✨Tip Number 2

Stay updated on the latest trends and regulations affecting MGAs. Subscribe to industry publications and follow thought leaders on social media. This knowledge will not only help you in interviews but also demonstrate your commitment to the role and the industry.

✨Tip Number 3

Prepare to discuss your vision for the MGA during interviews. Think about how you would drive growth and innovation, and be ready to share specific examples from your past experiences that align with the company's goals.

✨Tip Number 4

Engage with current employees or alumni of the company on platforms like LinkedIn. They can provide valuable insights into the company culture and expectations, which can help you tailor your approach and demonstrate your fit for the role.

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

Visionary Leadership
Strategic Planning
Insurance Sector Expertise
Underwriting Knowledge
Financial Acumen
P&L Management
Relationship Building
Negotiation Skills
Regulatory Compliance
Team Development
Customer-Centric Approach
Commercial Model Innovation
Problem-Solving Skills
Adaptability in Fast-Paced Environments
Effective Communication

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: Your cover letter should reflect your passion for the role and the insurance industry. Discuss how your strategic vision aligns with the company's goals and how you can contribute to their success.

Highlight Relevant Achievements: In your application, focus on specific achievements that demonstrate your ability to drive profitable growth and manage P&L effectively. Use metrics where possible to quantify your impact.

Showcase Communication Skills: Given the importance of relationship-building in this role, ensure your application showcases your exceptional communication and negotiation skills. Provide examples of how you've successfully built partnerships in the past.

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 partnerships and how those relationships contributed to business growth.

✨Prepare for Strategic Discussions

As a 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 how you would accelerate overall business growth in the MGA.

Managing Director, MGA (London)
Simply Business
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