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- Tasks: Lead a team to deliver bespoke insurance solutions and drive profitable growth.
- Company: Hiscox UK, a leading brand in the insurance market with a collaborative culture.
- Benefits: Diverse and inclusive workplace, flexible working options, and opportunities for professional development.
- Why this job: Shape the future of insurance while working with talented professionals in a dynamic environment.
- Qualifications: Experience with MGAs, strong analytical skills, and leadership potential.
- Other info: Join a company that values diversity and supports your career growth.
The predicted salary is between 36000 - 60000 £ per year.
Build a brilliant future with 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. Our customers are diverse and unique and are only united by our ability to provide specialist insurance tailored to their needs.
The role involves working across the existing portfolio of MGA business as well as ensuring the successful delivery of new MGAs. You will work with the wider Schemes Team across underwriting, operations, sales and the wider senior leadership team to drive improvement and profitable growth of our schemes MGA portfolio, playing an integral part in realising our ambitions of growing the book in line with our strategic ambitions.
You will report directly to the Head of Schemes and have responsibility for managing the portfolio and people performance of the Schemes MGA business. You will drive and shape our selection, growth, underwriting, performance and portfolio management strategy for MGAs.
What you’ll be doing:
- Leading a team of MGA underwriters and analysts to execute on the vision, ensuring you support their day-to-day needs.
- Playing an active role in supporting the talent and development needs of your team.
- Leading the development of the underwriting, performance and portfolio management strategies and associated frameworks, specific to our MGA strategy, to ensure the profitable growth objectives of our MGA Sector are achieved that are in line with our business objectives and risk appetite.
- Leading underwriting by taking referrals and underwriting the most complex exposures.
- Responsible for loss ratio performance in line with budgets.
- Identifying and implementing relevant underwriting and product changes.
- Underwriting and portfolio management of new deals through delivery and existing deals through review cycles.
- Working in conjunction with the wider Schemes Leadership Team to prepare and deliver profitable growth plans for your MGA Sector.
- Keeping abreast of new risks and exposures within your Sector to harness new opportunities and ensure Hiscox’s market leading position is maintained.
- Ensuring your Sector team meets Hiscox standards, responsible for underwriting standards within the MGA sector underwriters and compliance with risk and underwriting policy.
- Acting as a senior representative for Hiscox and your Sector both internally and externally.
- Supporting strategic relationships in terms of trading and execution with our broking partners.
- Proactively analysing, identifying and actioning against portfolio and people performance metrics for your Sector to drive the necessary strategies that will deliver the financial plan and support our vision.
Our must-haves:
- Experience of MGAs (either operating within or management of at a senior level).
- Significant underwriting and analytical experience.
- Confident analysing data and reports, making and executing underwriting decisions on portfolios of business.
- Ability to make confident decisions in difficult and complex situations.
- Strong interpersonal skills and ability to lead a team and operate in a collaborative environment.
- ACII qualification or progression towards.
- 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.
- People management and leadership skills preferred, or demonstrates the potential to do this well.
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.
Schemes Sector Lead in Colchester employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Schemes Sector Lead in Colchester
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those connected to Hiscox. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by knowing your stuff! Research Hiscox's values and recent news. Show us you’re not just another candidate but someone who truly gets what we’re about.
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or family. The more comfortable you are talking about your experience and skills, the better you'll shine in front of us.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows us you’re genuinely interested in being part of the Hiscox family.
We think you need these skills to ace Schemes Sector Lead in Colchester
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Schemes Sector Lead role. Highlight your experience with MGAs and how it aligns with our goals at Hiscox. We want to see how you can contribute to our unique culture!
Showcase Your Leadership Skills: Since this role involves leading a team, don’t forget to mention your people management experience. Share examples of how you've supported team development and driven performance in previous roles. We love seeing strong leadership in action!
Be Data-Driven: We’re looking for someone who can confidently analyse data and make informed decisions. Include specific instances where your analytical skills led to successful outcomes. This will show us you’re ready to tackle the complexities of the role!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets the attention it deserves. Plus, you’ll find all the details about the role and our amazing culture there!
How to prepare for a job interview at Hiscox
✨Know Your MGAs Inside Out
Before the interview, dive deep into the world of Managing General Agents (MGAs). Understand their role in the insurance market, especially how they operate within Hiscox. Be ready to discuss specific examples of successful MGA strategies and how you can contribute to their growth.
✨Showcase Your Analytical Skills
Since the role requires significant underwriting and analytical experience, prepare to discuss your past experiences with data analysis. Bring examples of how you've made confident decisions based on data and how those decisions impacted the portfolio performance.
✨Demonstrate Leadership Potential
Even if you haven't held a formal leadership position, think of instances where you've led a project or mentored a colleague. Be prepared to share these stories, highlighting your interpersonal skills and ability to collaborate effectively with teams.
✨Align with Hiscox's Values
Familiarise yourself with Hiscox's commitment to diversity and flexible working. During the interview, express how you value an inclusive culture and how you can contribute to it. This shows that you're not just a fit for the role but also for the company ethos.
