At a Glance
- Tasks: Support operational performance and processes in a dynamic insurance environment.
- Company: Leading insurance client based in London with a hybrid work model.
- Benefits: Competitive salary, great benefits, and opportunities for professional growth.
- Other info: Collaborative team culture with a focus on continuous improvement.
- Why this job: Join a crucial role that impacts the efficiency of underwriting operations.
- Qualifications: Experience in data processing and strong analytical skills required.
The predicted salary is between 60000 - 60000 £ per year.
An exciting opportunity has arisen with a leading insurance client in London. Hybrid - 2 days in London. Great Benefits. Permanent. Base salary: £45-60,000 per annum.
The Underwriting Operations Analyst will work closely with the Underwriting Operations Manager and the Underwriting team and is primarily responsible for providing support on the operational performance and processes, query management, ensuring operational objectives are exceeded and Group principles are followed. This role will be ultimately responsible for the smooth running of operational processes to resolve issues relating to the Policy Administration Systems (PAS). The role will work across multiple business lines and is therefore crucial to the efficient running of the syndicate, and in ensuring the accuracy of data and reporting.
The operations team oversee the development of systems and processes across each business line, implementing new systems, reviewing current systems/processes and databases and making improvements for users and clients to support the business.
Key responsibilities:- Work on items where data differs between core systems. Investigate and confirm the correct value and ensure the data is updated and query closed.
- Work with our third party service providers focusing on policy lifecycle management, query management, SLAs.
- Developing a broad range of systems and processes to deliver quality assurance.
- Responsible for quality and integrity of Underwriting and Operations data.
- Working across underwriting, compliance, finance, and delegated authorities.
- Work with the UAs, UWs and offshore teams on data integrity in the PAS.
- Work with the wider operations team to optimise operations processes.
- Working with and developing operational Management Information, Key Performance Indicators (KPIs), and Service Level Agreements (SLAs).
- Understand and comply with current operational processes and procedures and actively look for ways to improve the way work is currently carried out.
- Communicating with underwriters, brokers and other interested parties to address and resolve operational issues that may arise.
- Ad-hoc project and other work items at request of Operations team management.
- Taking ownership and responsibility of tasks assigned.
- Assist in the delivery of successful operational and business-related change projects as needed.
- Working collaboratively with other departments, ensuring the enforcement of operational guidelines, regulations, and processes operate within industry related regulation.
- Background in either data entry processing, completing data quality checks, controls testing, and audit support, with an emphasis on fixing as well as identifying the issues.
- Sequel UW/Eclipse or other Policy Administration System experience would be an advantage.
- Technical knowledge of London Market systems and key reports.
- Attention to detail and a passion for investigation and troubleshooting.
- Intermediate to advanced Excel; familiarity with BI tools (Power BI, Tableau).
- Technical - insurance technical knowledge from either Broker or Underwriting would be an advantage but not essential.
- Strong documentation skills including procedures, Standard Operating Procedures, and controls.
- Ability to map, analyse, and optimise processes for underwriting and policy administration.
- Effective Communication Skills.
- Problem Solving.
- Driving & Delivering Results.
- Decision Making.
- Building Relationships.
Underwriting Operations Analyst in City of London employer: Intec Select
Intec Select is an exceptional employer that fosters a collaborative and innovative work culture, particularly for those in the D365 F&O Business Solutions Specialist role. Located in Greater London, employees benefit from a vibrant city atmosphere, ample professional development opportunities, and a commitment to aligning individual growth with organisational success, making it a rewarding place to advance your career in financial services.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Operations Analyst in City of 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 Intec Select). 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 Intec Select. 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 Underwriting Operations Analyst in City of 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 Intec Select.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Intec Select. 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 Intec Select
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Intec Select 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 Intec Select, 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 Intec Select'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.
