Underwriting Performance Analyst in City of London

IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.

ERS is the UK’s largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it’s a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn’t enough. That’s why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.

The role will involve:

• Monitoring adherence to plan and performance metrics.
• Supporting the production and operationalisation of the Active Portfolio Management performance monitoring process including building MI, reports and presentations, working with relevant functions (including Underwriting, Finance and Actuarial).
• Working with UW teams to develop class-level underwriting plans aligned to the businesses strategic goals.
• Support the delivery of the Active Portfolio Management framework to track plan delivery, observe and make recommendations from the emergence of outcomes and move consistently towards the target, or optimised, portfolio.

We currently operate a hybrid working model. This entails 3 days per week collaborating with colleagues in the office, and 2 days working from home.

Key responsibilities:

• Analyse underwriting performance analysis across all classes of business through underwriting data, including loss ratios, premium trends, rating adequacy metrics and portfolio analysis.
• Produce effective and accurate MI to agreed deadlines.
• Support the framework for effective performance management, including meeting format, cadence and content.
• Enhance and maintain key performance indicators (leading and lagging) and metrics to track and monitor underwriting performance.
• Work with the Data and Digital team to design and roll out market leading dashboards/MI.
• Support the Head of UW Performance and Senior UW Performance Analyst in the execution of the Portfolio Management Framework.
• Support production of Divisional performance steering and Whole Account SPPR packs working with the Senior UW Performance Analyst, shared functions and HODs.
• Work cross functionally and foster a constructive relationship with shared functions, notably Data & Digital, Pricing, Outwards Reinsurance, Exposure Management and Capital.
• Monitor market trends and competitive landscape including the identification of possible growth opportunities and underperforming areas.

The above duties and responsibilities are not an exhaustive list and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.

Qualifications, skills and experience:

• Relevant experience in Insurance Analytics, Actuarial work, Pricing or Portfolio Management.
• Experience within an analytical role producing quality MI and reporting.
• Strong IT literacy including MS Office skills, particularly Excel (including VBA).
• A high level of numerical competence; excellent data gathering and manipulation skills.
• Experience of dealing with multiple stakeholders across different functions.
• Strong communications skills.
• Maths, Science, Economics or Engineering degree; first or upper second class.
• Maths A-Level (A* to B).
• If actuarial background, demonstrable success with actuarial examinations.

Benefits:

• Competitive Benchmarked Salary
• 25 days holiday
• Discretionary bonus scheme
• Employee assistance programme
• Annual holiday buy (up to 3 extra days)
• Salary sacrifice benefits
• Annual benefits reviews
• The option for professional qualifications and study support