At a Glance
- Tasks: Oversee syndicate performance and support underwriting teams with data-driven insights.
- Company: Leading Insurance Turnkey with a focus on innovation in the Lloyd's Market.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Collaborative environment with a focus on strategic performance and portfolio optimisation.
- Why this job: Join a dynamic team and shape the future of syndicates in the insurance industry.
- Qualifications: 5+ years in underwriting, preferably in Political Risk & Credit, with strong stakeholder management skills.
The predicted salary is between 60000 - 80000 £ per year.
Edenbrook are working with a Leading Insurance Turnkey seeking a Syndicate Manager to oversee the Strategic Performance of new syndicates entering the Lloyd's Market. This role is supporting the Active Underwriters of 4 newly created syndicates with the creation of appetite and business planning.
The key aspects of this role are:
- Support the analysis and monitoring of underwriting portfolio performance across multiple classes of business helping the Active Underwriters create appetite.
- Advise Underwriting teams on appropriate methods of writing risk.
- Analyse key performance indicators including premium growth, loss ratios, combined ratios, rate change, exposure metrics, and profitability trends.
- Assist in identifying portfolio performance issues, emerging risks, and opportunities for portfolio optimisation.
- Support underwriting teams through the provision of data-driven insight and performance analysis.
- Contribute to portfolio reviews, business planning exercises, and capacity allocation discussions.
- Assist in monitoring delegated authority and MGA performance planning.
- Work closely with underwriting, actuarial, finance, claims, exposure management, and operations teams to ensure consistency of portfolio reporting and performance assessment.
The key requirements of this role are:
- A traditional underwriting background of 5+ years, preferably within Political Risk & Credit.
- Experience with the creation of risk appetite and broker relationships.
- Experience in managing senior stakeholders and underwriters.
Syndicate Oversight Manager - Credit & Political Risk in Slough employer: Edenbrook
Edenbrook is an exceptional employer, offering a dynamic work environment where innovation and collaboration thrive. As a Syndicate Oversight Manager in the heart of the Lloyd's Market, you will benefit from a culture that prioritises professional growth, with ample opportunities for career advancement and skill development. Our commitment to employee well-being is reflected in our supportive team atmosphere and comprehensive benefits package, making us a top choice for those seeking a meaningful and rewarding career in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Syndicate Oversight Manager - Credit & Political Risk in Slough
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Edenbrook). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Edenbrook. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Syndicate Oversight Manager - Credit & Political Risk in Slough
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Edenbrook.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Edenbrook. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Edenbrook
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Edenbrook to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Edenbrook, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Edenbrook's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
