At a Glance
- Tasks: Lead a team to develop analytics for profitable growth in insurance schemes.
- Company: Hiscox, a leading brand in the insurance market with a focus on innovation.
- Benefits: Flexible working, diverse culture, and opportunities for professional development.
- Other info: Join a collaborative environment with excellent career growth potential.
- Why this job: Shape the future of insurance with data-driven insights and impactful strategies.
- Qualifications: Experience in leadership, analytics, and insurance portfolio management required.
The predicted salary is between 60750 - 74250 £ per year.
Build a brilliant future with Hiscox.
About Hiscox: Hiscox UK is a leading brand in the insurance market, recognised as setting the standards others try to emulate. We consistently deliver strong growth and exceptional returns, recruiting only the very best and empowering them to deliver. We are known for insuring the homes of the rich and famous through to the most innovative technology companies. Our customers are diverse and unique and are only united by our ability to provide specialist insurance tailored to their needs.
The role: We have a market leading reputation for producing bespoke solutions for niche customer groups managed by our broker partners. Within the wider Schemes team, we deliver Schemes (Delegated Authorities and MGA) solutions across the UK retail business. Lead the development and delivery of analytics to enable profitable growth of the Hiscox UK Schemes and MGA portfolio, providing data-driven insights, modelling, and governance to support active, sustainable portfolio management across delegated authority business. You’ll work across the existing portfolio of business as well as analysing new opportunities. You will have responsibility for shaping and delivering our Schemes performance and portfolio management strategy in support of driving improvement and profitable growth to our Schemes and MGA portfolio, playing an integral part in realising our ambitions of growing the portfolio in line with our strategic plans. You will report directly to the Head of Pricing and Portfolio Management. You’ll work with the wider Schemes Team across underwriting, operations and sales. You will work closely with the wider Hiscox UK business including the Heads of Underwriting, and the Chief Underwriting Officer to ensure alignment with wider Hiscox UK strategy.
What you’ll be doing:
- People Management and Team Development: Manage and develop a team of 3-4 Schemes and MGA analysts. Set and manage the team’s priorities in alignment with and to support the wider Schemes and MGA team business objectives. Coach analysts in technical skills, commercial acumen, and stakeholder management, sharing your own experience and expertise to support their development. Actively collaborate with the Pricing and Portfolio Management team to build on and enhance existing analytical and modelling frameworks to establish best practice for Schemes and MGA analytics.
- New Deal & Existing Scheme/MGA Oversight: Deploy analytical skills to assess new Schemes and MGA’s. Provide an independent review and recommendation for senior underwriting management on large existing Schemes and MGA’s. Apply knowledge of the regulatory environment to all portfolio decisions and ensuring recommendations result in our customers being treated fairly and consistently in line with Hiscox values.
- Active Portfolio Management and Steering: Working in conjunction with our wider Schemes and MGA Leadership Team you will be responsible for the design, creation and production of visualisation tools in support of our Active Performance and Portfolio Management ambitions. Identify trends and providing insights for recommended performance improvement to deliver performance objectives of our existing Schemes and MGA Portfolio. Proactively identify and action the necessary portfolio performance strategies that will deliver the plan and support our vision. Develop and execute the Schemes and MGA performance and portfolio management strategies to support the business with data driven decision making and ensure the successful delivery of our Schemes and MGA Sector profitable growth targets.
- Data, MI & Reporting Leadership: Working in conjunction with the wider Hiscox UK data teams you will be responsible for the identification and assessment of external datasets, and the design and creation of our internal data standards. Work with and support the design and implementation of new technologies – including cloud-based data warehouses, data-visualisation products, and new underwriting software for the business.
Our must-haves:
- Leadership experience managing and developing analytical, pricing or portfolio management teams, with the ability to prioritise workload and maximise team effectiveness.
- Experience partnering with senior underwriting, pricing and business stakeholders to shape portfolio strategy and influence business performance.
- Strong insurance market experience with exposure to Schemes, MGAs, Portfolio Management, Pricing or Underwriting Performance Management.
- Demonstrates significant experience leading the development and execution of portfolio management and performance strategies, driving business growth, profitability and portfolio optimisation.
- Significant experience within Schemes, MGA, Portfolio Management or Pricing environments, operating at a senior level and influencing commercial outcomes.
- Proven understanding of portfolio pricing, actuarial reserving and performance management methodologies.
- Proven proficiency in the use of data management and analytical tools including Python, R and SQL and data visualisation tools including Power BI.
- Experience in designing and enhancing analytical frameworks to support performance and portfolio management and inform strategic direction.
- Proven ability to translate complex data into actionable insights, identifying trends and driving evidence-based recommendations.
- Excellent numerical and analytical capability with strong data manipulation skills.
- Sound judgement and decision-making ability in complex and ambiguous environments.
- Strong and proactive interpersonal and management skills and ability to operate in a collaborative environment.
- Results driven, ability to make decisions and operate on own initiative.
- Ability to execute and influence at all levels both internally and externally.
- Open to new ideas, innovation and educated risk taking.
- Excellent communication and stakeholder management skills with ability to articulate the complex to technical and non-technical audiences.
Diversity and flexible working at Hiscox: At Hiscox we care about our people. We hire the best people for the job, and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.
Work with amazing people and be part of a unique culture.
Summary: Location: London; York; Colchester. Type: Full time.
Schemes and MGA Portfolio Lead Analyst in London employer: Hiscox AG
Hiscox is an exceptional employer that prioritises diversity and inclusivity, fostering a culture where every employee can thrive. With a commitment to hybrid working, employees enjoy the flexibility to balance their professional and personal lives while collaborating with talented teams in a dynamic environment. The company offers robust opportunities for growth and development, ensuring that as a Technical Product Manager, you will play a pivotal role in shaping innovative solutions that drive business success.
StudySmarter Expert Advice🤫
We think this is how you could land Schemes and MGA Portfolio Lead Analyst in London
✨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 Hiscox AG). 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 Hiscox AG. 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 Schemes and MGA Portfolio Lead Analyst in London
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 Hiscox AG.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Hiscox AG. 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 Hiscox AG
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Hiscox AG 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 Hiscox AG, 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 Hiscox AG'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.
