At a Glance
- Tasks: Support underwriting operations, optimise processes, and ensure efficient execution of policies.
- Company: Join a dynamic insurance broking firm in central London, focused on growth and innovation.
- Benefits: Enjoy hybrid working with flexible office days and a collaborative team environment.
- Why this job: Gain valuable experience in the insurance sector while developing analytical and communication skills.
- Qualifications: Bachelor’s degree in relevant fields or equivalent experience; strong analytical and MS Office skills required.
- Other info: Ideal for entry-level candidates eager to learn and grow in a fast-paced industry.
The predicted salary is between 30000 - 42000 £ per year.
An insurance broking client of ours is looking for an Underwriting Operations Analyst to join their growing team. As an Underwriting Operations Analyst, you will play a key role in supporting the underwriting department’s day-to-day operations. You will help optimise processes, ensure efficiency, and contribute to the accurate and timely execution of underwriting policies and practices. The ideal candidate will have a strong analytical mindset, experience in operations, and a passion for improving business workflows. Hybrid working with 2/3 days per week required in the office in central London.
Key Requirements:
- Experience working within the Delegated Underwriting Authority/insurance market.
- Bachelor’s degree in mathematics, Finance, Economics, or related field (or equivalent experience).
- Strong analytical and problem-solving skills, with a keen eye for detail.
- Excellent communication and interpersonal skills.
- Strong proficiency in MS Office (Excel, Word, PowerPoint); experience with data visualization tools is a plus.
- Ability to work under pressure and manage multiple tasks in a fast-paced environment.
- Knowledge of insurance products, regulatory standards, and compliance requirements is advantageous.
Key Responsibilities:
- Account handling: support the activities for all matters related to delegated underwriting including guiding and supporting coverholders through the application process, bordereaux production, ongoing monitoring and data analytics.
- Organisation: promote strong time-management skills, attention to detail and ability to manage multiple tasks simultaneously. Ensure smooth workflow and operational efficiency across various functions.
- Communication: effectively communicate with clients, underwriters and colleagues in a professional and timely manner.
- Representation: represent the interests of clients and C J Coleman in the marketplace.
- Relationship Management: develop and maintain excellent relationships with intermediaries, underwriters and colleagues.
- Develop: work alongside senior colleagues to expand your understanding of delegated underwriting and binding authorities.
Seniority level: Entry level
Employment type: Full-time
Job function: Analyst
Industries: Insurance
Underwriting Operations Analyst employer: Heat Recruitment
Contact Detail:
Heat Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Operations Analyst
✨Tip Number 1
Familiarise yourself with the Delegated Underwriting Authority and the insurance market. Understanding the nuances of these areas will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the insurance industry, especially those working in underwriting operations. Attend relevant events or join online forums to gain insights and potentially get referrals that could boost your application.
✨Tip Number 3
Brush up on your analytical skills by practising data analysis and visualisation techniques. Being proficient in tools like Excel and familiarising yourself with data visualisation software can set you apart from other candidates.
✨Tip Number 4
Prepare for behavioural interview questions by reflecting on past experiences where you've demonstrated strong communication and problem-solving skills. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.
We think you need these skills to ace Underwriting Operations Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in the insurance market, particularly within Delegated Underwriting Authority. Emphasise your analytical skills and any specific projects that demonstrate your ability to optimise processes.
Craft a Compelling Cover Letter: In your cover letter, express your passion for improving business workflows and your understanding of underwriting operations. Mention your strong communication skills and how they will help you effectively liaise with clients and colleagues.
Highlight Relevant Skills: Clearly outline your proficiency in MS Office, especially Excel, and any experience with data visualisation tools. Provide examples of how you've used these skills in previous roles to support operational efficiency.
Showcase Your Analytical Mindset: Include specific examples of how you've applied your analytical and problem-solving skills in past experiences. This could be through data analysis, process improvements, or managing multiple tasks under pressure.
How to prepare for a job interview at Heat Recruitment
✨Showcase Your Analytical Skills
As an Underwriting Operations Analyst, your analytical mindset is crucial. Be prepared to discuss specific examples of how you've used data analysis to improve processes or solve problems in previous roles.
✨Demonstrate Industry Knowledge
Familiarise yourself with the insurance market and delegated underwriting authority. During the interview, mention any relevant experience or knowledge you have about insurance products and compliance requirements to show you're well-prepared.
✨Highlight Communication Abilities
Effective communication is key in this role. Prepare to share instances where you've successfully communicated complex information to clients or colleagues, showcasing your interpersonal skills and ability to build relationships.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities under pressure. Think of scenarios where you've had to manage multiple tasks simultaneously and how you ensured operational efficiency, as this will demonstrate your capability to thrive in a fast-paced environment.