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- Tasks: Support the Underwriting team with 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.
- Why this job: Join a winning team recognised for its culture and commitment to 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.
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
Contact Detail:
First Central 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 interviews.
✨Tip Number 2
Showcase your problem-solving skills by preparing examples of past experiences where you've successfully tackled analytical challenges. Be ready to discuss your thought process and the impact of your solutions on previous projects.
✨Tip Number 3
Network with current employees or alumni who work in similar roles within the insurance industry. They can provide valuable insights into the company culture and expectations, which can help you tailor your approach during the interview.
✨Tip Number 4
Stay updated on the latest trends in the insurance sector, particularly around data analytics and underwriting practices. Being knowledgeable about industry developments will demonstrate your genuine interest and commitment to the role.
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 skills align with the job description, particularly your ability to contribute to the Underwriting & Assurance team and your passion for continuous improvement.
Showcase Relevant Projects: If you have worked on any projects that involved data analysis or statistical techniques, be sure to include these in your application. Describe your role, the tools you used, and the outcomes of the projects to demonstrate your practical experience.
Proofread Your Application: Before submitting your application, take the time to proofread it carefully. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A well-presented application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at First Central
✨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 challenges you've faced and how you approached them. 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 the latest trends in the insurance industry, particularly regarding underwriting practices. Being knowledgeable about current market conditions and competitor activities can set you apart and show your genuine interest in the field.
✨Emphasise Team Collaboration
Collaboration is key in this role, so be ready to discuss how you've worked effectively within teams in the past. Share examples of how you’ve contributed to team goals and how you communicate with colleagues from different departments.
