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- Tasks: Underwrite insurance quotes and support innovative projects in flood risk management.
- Company: Join a forward-thinking parametric insurance business with a focus on technology.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Why this job: Make a real impact in the insurance industry while working with advanced analytics.
- Qualifications: Experience in insurance and proficiency in Python, SQL, R, and Excel.
- Other info: Diverse and inclusive workplace committed to equity and personal authenticity.
The predicted salary is between 36000 - 60000 £ per year.
We are looking for an Underwriting Analyst to join a growing underwriting team within an innovative parametric insurance business specialising in flood risk. The organisation works with clients across the UK and internationally, combining deep insurance expertise with advanced analytics and technology to deliver faster, fairer, and more resilient insurance solutions.
Key responsibilities
- Underwrite new business and renewal quotes for the UK pipeline in line with service level objectives and personal underwriting authority
- Prepare submissions for referral to capacity providers
- Support business goals through involvement in new products and strategic projects
- Assist with rating single-risk locations in the US and Australia
- Liaise with UK and US distribution teams to ensure competitive pricing and optimal product solutions for clients
Skills and experience
- Commercial experience within an insurance environment
- Proficiency in Python, SQL, R, and Excel
- Experience with catastrophe modelling or a strong understanding of catastrophe modelling fundamentals
- Progress towards the Certificate in Insurance (Cert CII)
Additional requirements
- You must be authorised to work in the UK
Our Diversity, Equity and Inclusion Mission
At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.
Underwriting Analyst employer: IDEX Consulting
Contact Detail:
IDEX Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those working in underwriting. Use platforms like LinkedIn to connect and engage with them; you never know who might have a lead on your dream job!
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Since you'll be dealing with Python, SQL, R, and Excel, make sure you can confidently discuss how you've used these tools in past roles or projects.
✨Tip Number 3
Showcase your understanding of catastrophe modelling. Be ready to discuss its fundamentals and how they apply to the role. This will demonstrate your expertise and commitment to the field, making you stand out!
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Underwriting Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriting Analyst role. Highlight your commercial experience in insurance and any relevant skills like Python or SQL. We want to see how your background fits with what we do!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about parametric insurance and how you can contribute to our innovative team. Keep it concise but impactful – we love a good story!
Showcase Your Skills: Don’t forget to showcase your technical skills, especially if you have experience with catastrophe modelling. Mention specific projects or tools you've used, as this will help us see your expertise in action.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at IDEX Consulting
✨Know Your Numbers
As an Underwriting Analyst, you'll be dealing with data all the time. Brush up on your proficiency in Python, SQL, R, and Excel before the interview. Be ready to discuss how you've used these tools in past roles or projects, as this will show your technical skills are up to scratch.
✨Understand Catastrophe Modelling
Since the role involves catastrophe modelling, make sure you have a solid grasp of its fundamentals. Prepare to explain how you've applied this knowledge in previous positions or how you would approach it in this new role. This will demonstrate your readiness to tackle the challenges of the job.
✨Showcase Your Commercial Experience
Highlight your commercial experience within the insurance environment during the interview. Be specific about your past roles and how they relate to underwriting. Use examples that illustrate your ability to underwrite new business and renewal quotes effectively.
✨Align with Their Values
Familiarise yourself with the company's commitment to diversity, equity, and inclusion. Think about how your own values align with theirs and be prepared to discuss this in the interview. Showing that you understand and support their mission can set you apart from other candidates.
