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- Tasks: Support the Underwriting & Assurance team with data analysis and optimisation projects.
- Company: 1st Central is a leading insurance company focused on smart data and technology.
- Benefits: Enjoy a vibrant workplace, flexible options, and great perks like career development opportunities.
- Why this job: Join a winning team recognised for its culture and commitment to continuous improvement.
- Qualifications: A degree in a numerical subject and strong analytical skills are essential.
- Other info: Opportunities for personal development and collaboration across teams.
The predicted salary is between 28800 - 43200 £ per year.
Associate Underwriting & Assurance Analyst
Recruiter First Central Insurance & Technology Group
We\’re 1st Central, a market-leading insurance company utilising smart data and technology at pace. Rapid growth has been based on giving our 1.4 million customers exactly what they want: great value insurance with an excellent service. And that\’s the same for our colleagues too; we won Insurance Employer of the Year at the British Insurance Awards 2024 and our Glassdoor score is pretty mega too!
Are you someone who enjoys working with numbers and solving problems? Do you have a strong analytical mindset and a background in a numerical subject? Are you naturally curious and always looking for better ways to approach challenges? If so, we\’d love to hear from you!
We\’re looking for an Associate Underwriting & Assurance Analyst to join our Underwriting & Assurance team either based in our Salford Quays, Manchester or Haywards Heath, West Sussex offices.
The Underwriting & Assurance Team are tasked with using analytics and insight to drive the ongoing optimisation of the 1st Central Group underwriting footprint, and the monitoring of underwriting performance, to support the delivery of profit and volume targets for the business.
In this role you\’ll contribute to and support various projects in these areas and to produce analysis to support the team\’s wider objectives.
We\’re all about people and we\’re passionate about continuous improvement, so you\’ll share your thoughts with the team to continually progress our methods and team knowledge.
Core skills we\’re looking for to succeed in the role:
- A degree in a relevant Numerical subject
- Strong analytical skills
- A problem solving mindset
What\’s involved:
- Support the ongoing development and optimisation of the Underwriting Footprint across First Central\’s Motor and Home products
- Produce analysis and explore statistical techniques to assess benefit and business impact of proposed changes to Underwriting Footprint including opportunities for profitable growth/expansion and to address any segments of performance concern
- Utilise relevant data sources and tools/packages, e.g. SAS, SQL, Databricks, RADAR, to produce high quality analysis
- Explore sources of third party data enrichment and assess opportunities to enhance Underwriting Footprint controls
- Produce ad-hoc performance analysis to support timely business decision making
- Collaborate with colleagues within team and across wider business, including Technical Underwriters, Pricing and Retail teams, to ensure initiatives are aligned with company objectives as well as customer and regulatory outcomes
- Assist with deployment of Underwriting Footprint rate changes
- Help to identify opportunities for improvement and refinement within Underwriting criteria or processes, and surface these to the appropriate stakeholders
- Support the ongoing Internal monitoring of the Reinsurance Programme and monitoring of Competitor Underwriting activity
- Proactively own personal development – researching and learning about new tools, techniques, and data sources which may benefit the team, under the guidance of the Head of Underwriting Analytics and other team colleagues
- Comply with the requirements, and act in accordance with, the Group Code of Conduct and Fitness and Propriety policies at all times
- Ensure compliance with Company Policies, Values and guidelines and other relevant standards/ regulations at all times
- Any other reasonable duties
Experience & knowledge
- Experience with analytical programming languages and packages, such as SAS, SQL, Databricks
- Experience with RADAR beneficial, but not essential.
- Knowledge of statistical methods and analytical techniques
- Knowledge of personal lines general insurance preferred
- Strong commercial acumen
Skills & qualifications
- Minimum 2:1 in a numerical undergraduate discipline
- Strong mathematical skills
- Good time management and organisation skills
- Strong problem-solving mindset, with the ability to adopt a logical approach to solving problems
- Data and statistical analysis skills preferred
- Strong IT skills (including Excel and ideally programming skills)
- Good communication skills, both verbal and written
- Logical thinker with solid reasoning ability
- Commercially focussed
- Emphasis on attention to detail and accuracy
- Quick learner
Behaviours
- Aligned to the values of Ambition; Agility; Ownership; Collaboration
- Self-motivated and enthusiastic
- An organised and proactive approach
- Ability to work on own initiative and as part of a team
- A flexible approach and positive attitude
- Strives to drive business improvements to contribute to the success of the business
Are you the person we\’re looking for? If so, we look forward to hearing from you. Apply today!
Want to know what it\’s really like to work at First Central? Take a look at our Glassdoor reviews.
What can we do for you?
People first. Always. We\’re passionate about our colleagues and know the best people deserve an extraordinary working environment. We owe it to them so that\’s what we offer. Our workplaces are energetic, inspirational, supportive. To get a taste of the advantages you\’ll enjoy, take a look at all our perks in full here.
Intrigued? Our Talent team can tell you everything you need to know about what we want and what we\’re offering, so feel free to get in touch.
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Associate Underwriting & Assurance Analyst employer: First Central Insurance & Technology Group
Contact Detail:
First Central Insurance & Technology Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Underwriting & Assurance Analyst
✨Tip Number 1
Familiarise yourself with the specific analytical tools mentioned in the job description, such as SAS, SQL, and Databricks. Having hands-on experience or even completing online courses in these tools can give you a significant edge during the interview process.
✨Tip Number 2
Brush up on your knowledge of statistical methods and analytical techniques. Being able to discuss how you've applied these in past experiences or projects will demonstrate your analytical mindset and problem-solving skills, which are crucial for this role.
✨Tip Number 3
Network with current or former employees of First Central, especially those in the Underwriting & Assurance team. They can provide valuable insights into the company culture and expectations, which can help you tailor your approach during interviews.
✨Tip Number 4
Prepare to discuss your personal development initiatives. The role emphasises continuous improvement, so be ready to share examples of how you've proactively learned new tools or techniques that could benefit the team.
We think you need these skills to ace Associate Underwriting & Assurance Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your analytical skills and any relevant experience in numerical subjects. Emphasise your problem-solving mindset and any specific tools or programming languages you are familiar with, such as SAS or SQL.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with the responsibilities of the Associate Underwriting & Assurance Analyst position and provide examples of how you've used your analytical skills to solve problems in the past.
Showcase Relevant Projects: If you have worked on any projects that involved data analysis or underwriting, be sure to include these in your application. Describe your role, the tools you used, and the outcomes of the projects to demonstrate your capabilities.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects attention to detail, which is crucial for the role you're applying for.
How to prepare for a job interview at First Central Insurance & Technology Group
✨Showcase Your Analytical Skills
As an Associate Underwriting & Assurance Analyst, strong analytical skills are crucial. Be prepared to discuss specific examples of how you've used data analysis in previous roles or projects. Highlight any experience with tools like SAS or SQL, as this will demonstrate your technical proficiency.
✨Demonstrate Problem-Solving Mindset
The role requires a problem-solving mindset, so think of scenarios where you've successfully tackled challenges. Use the STAR method (Situation, Task, Action, Result) to structure your answers, showcasing your logical approach to resolving issues.
✨Familiarise Yourself with Industry Trends
Stay updated on current trends in the insurance industry, particularly regarding underwriting practices. Being knowledgeable about recent developments can help you engage in meaningful discussions during the interview and show your genuine interest in the field.
✨Prepare Questions for Your Interviewers
Interviews are a two-way street, so prepare thoughtful questions to ask your interviewers. Inquire about the team dynamics, ongoing projects, or how they measure success in the role. This not only shows your enthusiasm but also helps you assess if the company is the right fit for you.
