At a Glance
- Tasks: Partner with MGAs, analyse data, negotiate capacity, and manage stakeholders.
- Company: Global insurance group experiencing significant growth.
- Benefits: Competitive salary, dynamic work environment, and opportunities for career advancement.
- Other info: Fast-paced role requiring strong communication skills and a proactive mindset.
- Why this job: Make a real impact in a strategic role with global reach and diverse challenges.
- Qualifications: Experience in portfolio solutions, underwriting management, or reinsurance broking preferred.
The predicted salary is between 59400 - 72600 £ per year.
This is an opportunity for a Placement Specialist to work at this global insurance group, within an area undergoing significant growth across a huge delegated facility platform. This could suit candidates working within Portfolio Solutions, Programme Management, Delegated / MGA / Underwriting Management, or Reinsurance Broking background ideally with an actuarial focus. Previous Capital Management / Placement Management / Carrier or Facility oversight experience will also be considered.
Key Responsibilities
- Partner with MGAs: Work directly with MGA leadership to identify and structure their capacity requirements.
- Analyze Data: Evaluate complex portfolio performance metrics and large datasets to drive placement strategies.
- Negotiate Capacity: Design market strategies and secure capacity from Lloyd's, company, and reinsurance markets.
- Manage Stakeholders: Collaborate closely with senior executive stakeholders across the UK and US.
This is a high-impact role where you will be responsible for producing and refining the pitch decks, presentations, and analyses which underpin the capacity negotiations with carriers. You will work closely with the reserving and pricing functions within the wider platform working on sophisticated capital management solutions, together with guiding the MGA leadership to switch data and underwriting results into compelling carrier-facing materials. Not for the faint-hearted, this is a strategic role which is more than the typical 9-5, working across various time zones, and working across a busy alignment of multiple deals at any given time - the role requires a hard-working, career-focused individual who has the varied skill set, high level communication ability to really be able to hit the ground running.
Placement Manager - Lloyd's Market in London employer: IPS Group
Join a well-established independent firm of Chartered Accountants in Selby, where you will thrive in a supportive work culture that values professional growth and development. With a diverse client base, this role offers the chance to enhance your skills while enjoying competitive benefits and a collaborative environment that fosters teamwork and innovation.
StudySmarter Expert Advice🤫
We think this is how you could land Placement Manager - Lloyd's Market in London
✨Join Insurance Networks
Dive into local insurance networks or associations. Events like the British Insurance Brokers' Association conferences are goldmines for meeting industry professionals and could lead to placements like the one at IPS Group. Don't shy away from introducing yourself and chatting about your interest in the field!
✨Leverage University Career Services
Your university's career services are a fantastic resource for securing a placement. They often have connections with companies, including those in the insurance sector like IPS Group. Make sure you’re utilising their workshops and career fairs to make yourself visible to potential employers.
✨Get Hands-On with Work Experience
Seek out any additional work experience opportunities, even if they’re short-term. Roles like customer service in an insurance office can give you a foot in the door and useful insights. Plus, it shows future employers, like IPS Group, that you’re proactive and eager to learn!
✨Follow Industry Trends
Stay updated on the latest trends and news in the insurance industry. Engaging with content on platforms like LinkedIn will help you join relevant discussions and showcase your knowledge. This could help you stand out when applying for placements at places like IPS Group!
We think you need these skills to ace Placement Manager - Lloyd's Market in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In the insurance industry, strong analytical skills are crucial. Make sure to showcase any relevant coursework or projects that demonstrate your ability to evaluate risk and data. This could be stats, financial modelling, or even case studies that you've tackled during your studies.
Show You're Customer-Focused:Insurance is all about helping customers manage risks and navigate their options. In your cover letter, include specific examples of how you've provided excellent customer service or solved problems for clients in any capacity, be it during part-time jobs or volunteer work.
Tailor Your CV for the Sector:When crafting your CV, make sure you're using language and terminology that's familiar in the insurance field. Highlight any relevant insurance legislation or software skills you have, and mention any internships or courses that specifically relate to insurance. This is your chance to show you know what's what in the industry.
Express Your Eagerness to Learn:As this is a placement, companies will be looking for your motivation to learn and grow within the industry. In your application, don’t hold back! Let us know what you’re keen to learn and how you believe this opportunity at IPS Group can kickstart your career in insurance.
How to prepare for a job interview at IPS Group
✨Brush Up on Industry Knowledge
Since we're diving into the insurance sector, it’s crucial to brush up on industry trends and key players. Familiarise yourself with terms like underwriting, risk assessment, and claims management to show your solid understanding in the placement interview with IPS Group.
✨Bring Your Analytical Skills to the Fore
Be prepared to discuss how you approach problem-solving and risk analysis. You might face case study questions that assess your ability to interpret data and make decisions based on it, which is key in the insurance field.
✨Show Your Eagerness to Learn
As this is a placement, your enthusiasm to learn and grow is paramount. Think about how you can convey your motivation to absorb knowledge quickly and how you can contribute to the team at IPS Group while you’re learning.
✨Glam Up Your CV and Work Experience
Tailor your CV to highlight any relevant coursework, projects, or part-time roles that relate to insurance. If you’ve used any specific tools—like actuarial software or data analysis programmes—make sure to mention those. That'll catch their eye!
