At a Glance
- Tasks: Join the operational leadership team and drive growth strategies for a fast-growing syndicate.
- Company: Flux Syndicate, backed by Acrisure, a global fintech leader in insurance.
- Benefits: Accelerated career progression and exposure to all functions of a Lloyd's syndicate.
- Other info: Work closely with experienced market leaders and develop your skills.
- Why this job: Make a real impact in a dynamic environment with ambitious growth targets.
- Qualifications: Strong insurance knowledge and experience in operations or related fields.
The predicted salary is between 48000 - 72000 £ per year.
Overview
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) employer: ACRISURE
Flux Syndicate offers a dynamic and innovative work environment, backed by Acrisure, a leader in the global fintech financial services sector. Employees benefit from a culture that prioritises growth and collaboration, with ample opportunities for career advancement as the syndicate expands towards its ambitious $1bn goal. Joining Flux means being part of a forward-thinking team where your contributions directly impact the success of the business, all while working alongside experienced industry leaders in a supportive atmosphere.
StudySmarter Expert Advice🤫
We think this is how you could land Syndicate Manager (Operations)
✨Tip Number 1
Network like a pro! Get out there and connect with people in the insurance industry, especially those who work at Acrisure or similar firms. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn – you never know who might help you land that Syndicate Manager role!
✨Tip Number 2
Show off your skills! When you get the chance to chat with potential employers, make sure to highlight your insurance knowledge and any relevant experience. Be ready to discuss how you can contribute to Flux's growth and operational success – they want to see your passion and expertise!
✨Tip Number 3
Prepare for interviews by researching Flux Syndicate and Acrisure thoroughly. Understand their business model, recent achievements, and future goals. This will not only impress your interviewers but also help you tailor your answers to show how you fit into their vision.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of the Flux team. So, get your application in and let’s make it happen!
We think you need these skills to ace Syndicate Manager (Operations)
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 align with what Flux Syndicate is looking for. 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 excited about this opportunity and how your background fits with our mission at Flux. Keep it engaging and personal – we love a bit of personality!
Showcase Your Achievements:When detailing your experience, focus on your achievements rather than just responsibilities. Use numbers and examples to demonstrate how you've made an impact in previous roles. We’re all about results here at Flux!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to see what you bring to the table!
How to prepare for a job interview at ACRISURE
✨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. Be ready to discuss your experience in underwriting, pricing, and operations, as these are key components of the role.
✨Showcase Your Data Skills
Since the role involves MI design and data management, prepare examples of how you've successfully handled data capture and reporting in previous positions. Highlight any experience with IT systems design and development, as this will be crucial for the operational side of the business.
✨Understand Flux's Growth Strategy
Familiarise yourself with Flux Syndicate's growth plans and how they fit into Acrisure's broader strategy. Be prepared to discuss how you can contribute to achieving the ambitious target of $1bn in GWP and what innovative ideas you might bring to the table.
✨Ask Insightful Questions
Prepare thoughtful questions that show your interest in the company and the role. Inquire about the current challenges the operational team faces or how technology is being leveraged to drive growth. This demonstrates your proactive mindset and eagerness to engage with the leadership team.
