At a Glance
- Tasks: Manage underwriting performance and support strategic planning for diverse client portfolios.
- Company: Asta, a people-first company with a focus on meaningful work and growth.
- Benefits: Flexible working, generous holiday, private medical insurance, and competitive pension.
- Why this job: Make a real impact in the insurance industry while developing your career.
- Qualifications: 5+ years in insurance, strong understanding of Lloyd's syndicates, ACII preferred.
- Other info: Supportive environment with excellent career development and wellbeing initiatives.
The predicted salary is between 36000 - 60000 £ per year.
Join Asta and build a career where you can truly thrive. At Asta, we combine meaningful work with outstanding rewards, flexible hybrid working and a culture that puts people first. You’ll enjoy excellent benefits, strong career development and a supportive, inclusive environment where your wellbeing and growth really matter. If you’re looking for a place to make an impact, grow your expertise and feel valued every day, Asta is the place for you.
The main purpose of the role
To support the Underwriting Portfolio Director in managing a portfolio team within the Underwriting Management division (UWM). This important management position within the Underwriting Performance team involves managing and overseeing the performance of a subset of Asta’s managed clients as well as leading business planning efforts for a diverse portfolio of clients and managing the underwriting performance team.
Key Responsibilities
- Support the Underwriting Portfolio Director and manage a portfolio of Lloyd’s syndicates ensuring that Asta and its managed clients operate within a robust underwriting management framework in line with Lloyd’s principles, regulatory requirements and market best practices for planning, strategy and performance oversight.
- Provide continuous underwriting performance oversight, working closely with Asta managed clients to understand deviations from plan and establish corrective action where necessary.
- Be the interface between Asta and its managed clients within a portfolio and Lloyd’s from an underwriting performance and planning perspective, providing strategic and portfolio management insights to influence decisions regarding planning and strategy setting.
- Manage key underwriting relationships between Asta clients within a portfolio and Lloyd's, assuming responsibilities of the Underwriting Portfolio Director as required.
- Accountable for the coordination and oversight of the business planning process with close liaison with Asta clients, Lloyd’s and other internal functions, ensuring the timeliness, accuracy and validation of subsequent submissions.
- Responsible for the reporting of business plans, underwriting performance and oversight of Asta clients, working with the MI and Analytics function to enhance underwriting reporting and MI.
- Oversee the preparation of underwriting regulatory returns for Lloyd’s, liaise with clients to provide feedback, and ensure accurate and relevant data is delivered within the established deadlines.
- Participate in relevant board and committee meetings for Asta and managed clients within a portfolio, reporting the outcomes to the Underwriting Portfolio Director and CUO as required.
- Act as a subject matter expert in underwriting performance for company projects and requests and collaborate with key functions throughout Asta.
- Manage and develop the individuals within the Underwriting Performance function, providing support and guidance to the teams including people development and training.
- Support on the onboarding of new syndicates, focusing on underwriting strategy, performance and business planning.
Skills, Knowledge & Expertise
- 5+ years’ experience in Insurance, ideally working in underwriting, actuarial, finance, operations or related fields.
- A strong understanding of how a Lloyd’s syndicate operates within the market and as part of a managing agency and good commercial knowledge of the Lloyd’s market.
- ACII qualification or equivalent is preferred.
- IT literate; Excel skills a requisite, with a natural ability to pick up new systems quickly.
Job Benefits
At Asta, you’ll enjoy a market-leading benefits package that puts your wellbeing, career development and financial future first. We combine flexible working, strong family-friendly policies and exceptional rewards to create a supportive, inclusive and high-performing workplace.
- Work-life balance you can rely on
- 35-hour working week with hybrid and flexible working
- Generous holiday allowance that increases with service
- Your health & wellbeing covered
- Private medical insurance with virtual GP access
- Annual health screening, dental cover and eye care
- Subsidised gym or sports club membership
- Support for you and your family
- Enhanced maternity, paternity, adoption and shared parental pay
- Highly competitive pension with up to 13% employer contribution
- Life assurance and income protection
- Discretionary annual bonus scheme
- Interest-free season ticket loan and salary sacrifice schemes
Underwriting Performance Manager in London employer: Asta Capital Limited
Contact Detail:
Asta Capital Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Performance Manager in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those connected to Asta. LinkedIn is your best mate here; drop them a message and express your interest in the Underwriting Performance Manager role.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of Lloyd’s syndicates and underwriting performance. We want you to show off your expertise and how it aligns with Asta's goals. Practice common interview questions and have your own ready!
✨Tip Number 3
Don’t forget to showcase your leadership skills! As this role involves managing a team, be ready to discuss your experience in developing individuals and driving performance. Share specific examples that highlight your impact.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining Asta and being part of our supportive culture.
We think you need these skills to ace Underwriting Performance Manager in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriting Performance Manager role. Highlight your relevant experience in insurance, especially in underwriting or related fields, and showcase any specific achievements that align with the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role at Asta and how your skills can contribute to the team. Be sure to mention your understanding of Lloyd’s syndicates and your approach to performance management.
Showcase Your Skills: Don’t forget to highlight your IT skills, especially your proficiency in Excel. If you have experience with data analysis or reporting, make sure to include that too, as it’s crucial for the role. We want to see how you can enhance our underwriting reporting!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates regarding your application status.
How to prepare for a job interview at Asta Capital Limited
✨Know Your Underwriting Stuff
Make sure you brush up on your underwriting knowledge, especially regarding Lloyd's syndicates. Understand the key principles and regulatory requirements that govern the market. This will not only help you answer questions confidently but also show your genuine interest in the role.
✨Showcase Your Management Skills
Since this role involves managing a team, be prepared to discuss your leadership style and experiences. Think of specific examples where you've successfully led a team or managed a project, particularly in an underwriting context. Highlight how you supported team development and performance oversight.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills and strategic thinking. Prepare to discuss how you would handle deviations from business plans or manage client relationships. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.
✨Ask Insightful Questions
At the end of the interview, have a few thoughtful questions ready to ask. Inquire about Asta's approach to underwriting performance management or how they support team development. This shows your enthusiasm for the role and helps you gauge if the company culture aligns with your values.