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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 known for innovation.
- Benefits: Flexible working, commitment to diversity, and a supportive culture.
- Why this job: Join a dynamic team and shape the future of insurance with your expertise.
- Qualifications: Experience with MGAs, strong analytical skills, and leadership potential.
- Other info: Opportunity to work with talented individuals in a unique and inclusive environment.
The predicted salary is between 43200 - 72000 £ per year.
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 employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Schemes Sector Lead
✨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 recent projects and their approach to MGAs. Show them you’re not just another candidate, but someone who’s genuinely interested in their work.
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience aligns with the role of Schemes Sector Lead. Highlight your leadership skills and how you can drive profitable growth.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the Hiscox team.
We think you need these skills to ace Schemes Sector Lead
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience with MGAs and underwriting. We want to see how your skills align with the role, so don’t hold back on showcasing your relevant achievements!
Showcase Your Leadership Skills: Since this role involves managing a team, it’s crucial to demonstrate your leadership abilities. Share examples of how you've successfully led teams or projects in the past, and how you’ve supported talent development.
Be Data-Driven: We love numbers! Highlight your analytical skills by discussing how you've used data to make informed decisions in previous roles. This will show us that you can confidently handle the underwriting and performance metrics we care about.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Hiscox
✨Know Your MGAs Inside Out
Before the interview, make sure you thoroughly understand the role of Managing General Agents (MGAs) in the insurance market. Familiarise yourself with Hiscox's approach to MGAs and be ready to discuss how your experience aligns with their strategies for growth and performance management.
✨Showcase Your Leadership Skills
As a Schemes Sector Lead, you'll be managing a team. Prepare examples that demonstrate your leadership style and how you've successfully supported team development in the past. Highlight any specific instances where you’ve driven improvement or navigated complex situations.
✨Be Data-Driven
Since the role involves significant analytical work, come prepared to discuss how you analyse data and make underwriting decisions. Bring examples of how your analytical skills have led to successful outcomes in previous roles, especially in relation to loss ratios and portfolio management.
✨Understand Hiscox's Culture
Hiscox values diversity and flexibility, so it’s important to show that you align with their culture. Be ready to discuss how you foster inclusivity within teams and how you adapt to different working styles. This will demonstrate that you’re not just a fit for the role, but also for the company ethos.
