At a Glance
- Tasks: Support underwriters in insurance transactions and manage documentation.
- Company: Join a dynamic investment-backed insurance MGA focused on specialty risks.
- Benefits: Enjoy a hybrid work model with two days from home and growth opportunities.
- Why this job: Gain hands-on experience in a fast-paced environment with potential for career advancement.
- Qualifications: 1-3 years in underwriting or analysis; strong analytical skills required.
- Other info: Ideal for those interested in M&A, legal risks, or specialty insurance.
The predicted salary is between 36000 - 60000 £ per year.
Retained by an investment backed insurance MGA to source an Analyst, on a development track to Underwriter within twelve months. This role will support leading figures within the transactional liability and contingent risks markets, and adjacent markets.
Key responsibilities:
- Assist underwriters with all aspects of insurance transactions.
- Review, amend, and negotiate NDAs with brokers and third parties.
- Manage and organise underwriting submission documents and maintain accurate files.
- Assist in issuing NBIs (Non-Binding Indications) and policy documentation.
- Contribute to the development of pricing models and other statistical analysis.
- Aid in the preparation of reports for carriers, capacity providers, and investors.
- Oversee day-to-day management of the underwriting pipeline.
- Maintain product-related templates and documentation.
- Support underwriters in risk assessment, policy issuance, and renewals.
- Analyse submissions, financials, and due diligence materials.
- Prepare quotes, binders, and policies.
- Support product and systems development.
- Collaborate with brokers, clients, and market intermediaries.
Requirements:
- 1-3 years underwriting, insurance or analyst experience.
- Strong analytical and communication skills.
- Familiarity with specialty risks, either transactional liability or contingent risks is desirable.
- Bachelor's degree and relevant exposure to either legal risks, M&A, or specialty insurance or related fields.
Hybrid role with 2 days WFH. Entrepreneurial culture with exciting growth opportunities.
Analyst, Specialty Insurance employer: Aventum Search
Contact Detail:
Aventum Search Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Analyst, Specialty Insurance
✨Tip Number 1
Familiarise yourself with the key responsibilities of the Analyst role. Understanding the nuances of insurance transactions, NDAs, and underwriting processes will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the specialty insurance field. Attend industry events or join relevant online forums to connect with underwriters and analysts who can provide insights and potentially refer you to opportunities.
✨Tip Number 3
Brush up on your analytical skills, especially in relation to pricing models and statistical analysis. Consider taking a short course or using online resources to enhance your knowledge, as this will be crucial for the role.
✨Tip Number 4
Demonstrate your understanding of specialty risks during interviews. Be prepared to discuss any relevant experience you have with transactional liability or contingent risks, as this will show your commitment to the field.
We think you need these skills to ace Analyst, Specialty Insurance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, insurance, or analysis. Emphasise any familiarity with specialty risks, transactional liability, or contingent risks to align with the job requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your analytical skills and communication abilities. Mention specific experiences that demonstrate your capability to assist underwriters and manage documentation effectively.
Highlight Relevant Skills: In your application, clearly outline your strong analytical skills and any experience with pricing models or statistical analysis. This will show that you are well-prepared for the responsibilities of the role.
Show Enthusiasm for the Role: Express your interest in the entrepreneurial culture and growth opportunities within the company. Highlight how you can contribute to the team and your eagerness to develop into an Underwriter within twelve months.
How to prepare for a job interview at Aventum Search
✨Showcase Your Analytical Skills
As an Analyst in Specialty Insurance, strong analytical skills are crucial. Be prepared to discuss specific examples of how you've used data analysis in previous roles, especially in relation to insurance or underwriting.
✨Understand the Industry
Familiarise yourself with specialty risks, particularly transactional liability and contingent risks. Demonstrating knowledge about current trends and challenges in the insurance market will impress your interviewers.
✨Prepare for Technical Questions
Expect questions that assess your understanding of insurance transactions, NDAs, and pricing models. Brush up on relevant terminology and be ready to explain concepts clearly and concisely.
✨Emphasise Communication Skills
Since the role involves collaboration with brokers, clients, and underwriters, highlight your communication skills. Share examples of how you've effectively communicated complex information to different stakeholders.