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For Companies At a Glance
- Tasks: Support business compliance and improve operational processes in a dynamic team.
- Company: Join AXIS Capital, a leading global provider of specialty insurance and reinsurance.
- Benefits: Enjoy competitive pay, health plans, wellness programs, and tuition reimbursement.
- Why this job: Be part of an inclusive culture that values your unique contributions and promotes growth.
- Qualifications: Knowledge of Lloyd’s market and strong communication skills are essential.
- Other info: Work in the office three days a week and engage in meaningful projects.
The predicted salary is between 36000 - 60000 £ per year.
Control Operations Analyst page is loaded
Control Operations Analyst
Apply locations London – Scalpel time type Full time posted on Posted Yesterday job requisition id REQ06100
This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.
Job Description: Controls Operation Analyst
How does this role contribute to our collective success?
- Supports the business to ensure adherence to requirements, whether ours or a regulator’s.
- Any deviation from stipulated objectives is analysed to reduce and avoid future issues.
- To prevent issues and implement change to bring clarity or guidance around our expectations.
What will you do in this role?
Work within Control Operations to assist the Control Services Manager by:
- Providing oversight to business tasks
- Maintaining Control Operations procedural documents
- Developing new approaches for Control Operations
- Monitoring accuracy of data and reports
- Management and creation of allocated control exceptions, including but not limited to:
- Maximum line and letter of authority checks
- Deductions and intermediary remuneration review
- Risk code permissions
Maintain and ensure business underwritten complies with:
- Lloyd’s and other Regulatory Principles,
- AXIS Underwriting Framework, including:
– Underwriting Protocols,
– Underwriting Guidelines,
– Letters of Authority
Monitor accuracy and review completeness of data to ensure validity of:
- Reporting, regulatory or otherwise
- Underwriter Performance returns
- Classifications that trigger validation or investigation
Undertake thematic reviews, including;
- Root Cause Analysis (RCA)
- Recommend remedial actions
- Liaising with other functions to enhance functional aspects
You may be asked to adopt other duties or responsibilities appropriate to the unit.
About You:
We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
What you need to have:
- Knowledge of Lloyd’s market returns and of Lloyd’s Underwriting Principles
- Strong communication skills
- Excellent accuracy/attention to detail.
- Proactive in using initiative to identify and implement business improvements.
What we prefer you to have:
- An open mind and ability to challenge effectively
- Positivity to support colleagues and AXIS business units
- Intellectual curiosity to understand why and how.
Role Factors:
In this role, you will typically be required to:
- Be in the office 3 days per week
- Assist the team in clearing backlogs or focus on peak issues
- Respond to identified deficiencies that need investigation and action
What we offer:
You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.
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Underwriting Controls Analyst employer: AXIS Capital
Contact Detail:
AXIS Capital Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Controls Analyst
✨Tip Number 1
Familiarise yourself with Lloyd’s market returns and Underwriting Principles. Understanding these concepts will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Showcase your proactive nature by preparing examples of how you've identified and implemented business improvements in previous roles. This aligns perfectly with the expectations of the Controls Operations Analyst position.
✨Tip Number 3
Brush up on your communication skills, as strong communication is key in this role. Practice articulating complex ideas clearly and concisely, which will be beneficial during interviews.
✨Tip Number 4
Demonstrate your attention to detail by preparing for potential case studies or scenarios that may be presented during the interview process. Being able to analyse data accurately will set you apart from other candidates.
We think you need these skills to ace Underwriting Controls Analyst
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to understand the responsibilities and requirements of the Underwriting Controls Analyst position. Tailor your application to highlight relevant experiences and skills that align with these expectations.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience you have in control operations, compliance, or the Lloyd’s market. Use specific examples to demonstrate your knowledge of underwriting principles and your attention to detail.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your communication skills and proactive approach. Explain why you are interested in AXIS Capital and how your background makes you a suitable candidate for the role.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. Ensure that your information is clear and concise, as accuracy is crucial for this role.
How to prepare for a job interview at AXIS Capital
✨Understand the Lloyd's Market
Make sure you have a solid grasp of Lloyd's market returns and underwriting principles. Research recent trends and challenges in the market, as this knowledge will demonstrate your commitment and understanding of the industry during the interview.
✨Showcase Your Attention to Detail
As an Underwriting Controls Analyst, accuracy is key. Prepare examples from your past experiences where your attention to detail made a significant impact. This could be in data analysis, report generation, or compliance checks.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to handle deviations from stipulated objectives. Think of scenarios where you identified issues and implemented changes, and be ready to discuss the outcomes.
✨Demonstrate Proactivity and Initiative
The role requires a proactive approach to identifying and implementing business improvements. Be prepared to share instances where you took the initiative to enhance processes or resolve issues, showcasing your ability to contribute positively to the team.
