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- Tasks: Join the operational leadership team and drive growth strategies for a dynamic insurance syndicate.
- Company: Flux Syndicate, backed by Acrisure, a global fintech leader in insurance.
- Benefits: Accelerated career progression, exposure to all syndicate functions, and mentorship from industry leaders.
- Other info: Unique opportunity for personal growth in a fast-paced, innovative environment.
- Why this job: Be part of an ambitious team aiming to grow to $1bn in business while developing your skills.
- Qualifications: Strong insurance knowledge and experience in MI design, data capture, and systems development.
The predicted salary is between 36000 - 60000 £ per year.
Locations: 9th Floor, 40 Leadenhall Street - LONDON, UK
Time type: Full time
Posted on: Posted Today
Job requisition id: JR109795
About the Company
Flux Syndicate started writing business on 1 January 2023. It is sponsored by Acrisure, the world’s fastest growing insurance group, and was set up to give capital providers direct access to the Acrisure distribution network. Acrisure is a Global Fintech Financial services leader and among the world’s top 10 insurance brokerage firms. Acrisure has grown from $38 million to more than $3 billion in revenue since 2013 and deploys the best of Human and Artificial Intelligence at scale to reimagine financial service product distribution. As of October 2021, Acrisure employed over 11,000 employees across 45 US states and eight countries. Acrisure annually places $35bn of insurance business globally. The aim is for Flux to access and write the most profitable business in the Acrisure network. Flux wrote £110m of business in 2023, £150m in 2024 and is on track to write £250m in 2025. We expect the syndicate to grow to annual GWP in excess of $1bn. The majority of business is Casualty business (50%), Specialty business (20%), Property (15%) and Financial and Professional Lines (15%). Flux runs a lean structure and outsources many back-office responsibilities to a turn-key provider (Asta).
How you’ll contribute:
A unique opportunity for an ambitious individual looking to take a step up. Flux Syndicate is bringing on board an exceptional individual, with insurance experience, who has the capability to join the syndicate’s Operational leadership team. You will be working closely alongside the Chief Operating Officer and Head of Operations to help lead the Operational side of the business. As the Syndicate grows there will be an opportunity for accelerated career progression for the successful incumbent. If you have a solid foundation in the insurance industry and feel that this unique and exciting role suits your personality and career ambitions, please get in touch.
The current leadership team - Richard Boyd (Chief Underwriting Officer) and Luke Thomas (Chief Operating Officer) are focused on:
- Developing and executing the strategy to grow the business to $1bn. The vast majority of this growth will come from US SME business.
- Executing the short-term plan, building a high-quality book and continuing to deliver strong returns to Flux’s investors. This includes underwriting, pricing, operations, exposure management, technology and working with Asta on other functional areas.
- Design and build the technology to deliver this strategy.
17 people currently work for the Syndicate with 6 in the Operational team.
Requirements
- MI design, production and reporting
- Strong insurance knowledge (Lloyds preferable)
- Data design, capture and augmentation
- IT and systems design and development
- Business planning
- Credit Control
- Risk & Compliance
- Work directly with experienced market leaders to learn and develop
- Exposure to all functions of a Lloyd’s syndicate. Unique opportunity to develop a broad experience
- Potential for significant personal growth and career development
We are not partnering with agencies. Please do not send any unsolicited emails or InMails with resumes/CVs as they will not be accepted or credited.
Syndicate Manager (Operations) in City of London employer: Acrisure, LLC
Contact Detail:
Acrisure, LLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Syndicate Manager (Operations) in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those connected to Flux Syndicate. A friendly chat can open doors and give you insights that might just land you that interview.
✨Tip Number 2
Prepare for the interview by researching the company and its growth plans. Show us that you understand Flux's goals and how your skills can help achieve them. Tailor your answers to reflect their mission and values.
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or family. This will help you articulate your thoughts clearly and confidently when it’s time to impress the hiring team at Flux.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows us you’re genuinely interested in being part of the Flux Syndicate team.
We think you need these skills to ace Syndicate Manager (Operations) in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Syndicate Manager role. Highlight your insurance experience and any relevant skills that match the job description. We want to see how you can contribute to our growth!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for Flux Syndicate. Share your passion for the insurance industry and how you align with our goals.
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Use numbers and examples to demonstrate how you've made an impact in previous roles. We love seeing results!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Don’t miss out on this opportunity!
How to prepare for a job interview at Acrisure, LLC
✨Know Your Insurance Stuff
Make sure you brush up on your insurance knowledge, especially around Lloyd's and the specific areas mentioned in the job description. Being able to discuss Casualty, Specialty, Property, and Financial Lines confidently will show that you're serious about the role.
✨Showcase Your Data Skills
Since the role involves MI design and data capture, be prepared to discuss your experience with data reporting and IT systems. Bring examples of how you've used data to drive decisions or improve processes in previous roles.
✨Understand the Company’s Growth Strategy
Familiarise yourself with Flux Syndicate's growth plans and Acrisure's business model. Being able to articulate how you can contribute to their goal of reaching $1bn in GWP will set you apart from other candidates.
✨Ask Insightful Questions
Prepare thoughtful questions for the interviewers about the operational challenges they face or the technology they plan to implement. This shows your genuine interest in the role and helps you gauge if it's the right fit for you.