At a Glance
- Tasks: Support underwriting operations, optimise processes, and ensure timely execution of policies.
- Company: Join a leading insurance broking firm in central London with a dynamic team.
- Benefits: Enjoy hybrid working, flexible hours, and opportunities for professional growth.
- Other info: Ideal for entry-level candidates eager to learn about the insurance industry.
- Why this job: Be part of a fast-paced environment where your analytical skills can shine and make an impact.
- Qualifications: Bachelor's degree in maths, finance, or economics; strong analytical and communication skills required.
The predicted salary is between 28800 - 48000 £ 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
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Underwriting Operations Analyst employer: Heat Recruitment
Join an award-winning software consultancy in Newcastle that values flexibility and employee growth. With a strong focus on career progression and a supportive training programme, this company fosters a collaborative work culture where your contributions are recognised and rewarded. Enjoy the benefits of hybrid working while being part of a team that serves a diverse range of clients, from SMEs to large organisations.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Operations Analyst
✨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 Heat Recruitment). 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 Heat Recruitment. 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 Underwriting Operations Analyst
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 Heat Recruitment.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Heat Recruitment. 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 Heat Recruitment
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Heat Recruitment 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 Heat Recruitment, 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 Heat Recruitment'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.
