At a Glance
- Tasks: Analyse and optimise insurance schemes to drive profitable growth and performance.
- Company: Join Hiscox, a leading brand in the insurance market known for innovation.
- Benefits: Flexible working, diverse culture, and opportunities for professional development.
- Other info: Collaborative environment with a focus on continuous improvement and innovation.
- Why this job: Make a real impact by using data to influence business decisions and strategies.
- Qualifications: Experience in analytics, insurance knowledge, and proficiency in data tools like Python or SQL.
The predicted salary is between 50000 - 65000 £ 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. 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 involves working across the existing portfolio of Schemes (and Delegated Authorities) business as well as analysing the impact of new Schemes opportunities. You will work with the wider Schemes Team across underwriting, operations and sales delivering analytics and business insights to influence business decisions and drive the performance objectives of the Schemes business in support of our Active Performance and Portfolio Management ambitions.
You will ensure alignment with the wider Hiscox UK business including Pricing and Portfolio Management, the Insurance Analytics team and Underwriting & Distribution management, ensuring alignment with wider Hiscox UK strategy. You will report directly to the Schemes and MGA – Portfolio Analyst Team Lead and you will have responsibility for influencing the design and delivering our performance and portfolio management strategy in support of driving improvement and profitable growth to schemes.
What you’ll be doing:
- Providing an independent review and recommendation for underwriting on large existing Schemes and MGA’s.
- Deploying analytical skills to assess new schemes opportunities, working in close collaboration with our Delivery Underwriters in support of our profitable growth ambitions and our service commitments.
- Completing all other relevant ad hoc and deep dive data analysis including underwriting referral analysis and making recommendations for improvements.
- In conjunction with the underwriting and Schemes Leadership team, and working closely with the analytics function, designing and developing the data standards relevant for your sector.
- Using data visualisation tools to design and build a reporting suite to enable the Schemes Sector to actively monitor the performance and portfolio trends and produce on an ongoing basis our monthly and quarterly suite of reporting.
- Using your analytical skills to spot trends in the Schemes performance and provide insight and recommendations for changes to strategy in support of delivering on our strategic goals and profitable growth targets.
- Supporting innovation and continuous improvement and looking for opportunities to implement data, reporting and process improvements across Schemes Sector.
- Conducting data analysis to spot trends and recommend the necessary corrective action and opportunities for profitable growth within the existing portfolios in your sector.
- Applying 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.
- Working closely with a wide range of interested stakeholders to deliver a consistent and accurate suite of reports across a wide range of business performance metrics including deal conversion and decline data, underwriting loss and combined ratios, portfolio mix, claims frequency, large loss analysis etc.
Our must-haves:
- Experience in a similar analytical role, using data and insights to identify trends, evaluate performance and make recommendations that drive business growth and improvement.
- Experience within insurance, ideally within Schemes, MGA, Pricing, Portfolio Management or an analytical function supporting underwriting decisions.
- Experience using data analysis tools such as Python, R or SQL and data visualisation tools including Power BI.
- Proficient in applying analytical techniques to extract meaningful trends and make recommendations.
- Ability to make confident decisions in difficult and complex situations.
- Strong interpersonal skills and ability to operate in a collaborative environment.
- Excellent numerical, analytical and data manipulation skills.
- 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 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.
Schemes & MGA Senior Portfolio Analyst in London employer: Hiscox
Hiscox SA is an excellent employer, offering a dynamic work environment that fosters innovation and collaboration in the field of cyber security. With a hybrid work model, employees enjoy flexibility while benefiting from a comprehensive package that supports their professional growth and well-being. The company prioritises employee development and engagement, making it a rewarding place for those looking to make a meaningful impact in the realm of AI and risk protection.
StudySmarter Expert Advice🤫
We think this is how you could land Schemes & MGA Senior Portfolio 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). 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. 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 & MGA Senior Portfolio 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.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Hiscox. 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
✨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 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, 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'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.
