At a Glance
- Tasks: Lead portfolio management and analytics for innovative insurance solutions.
- Company: Join a dynamic team at Mission, revolutionising the insurance industry.
- Benefits: Remote work flexibility, competitive salary, and opportunities for professional growth.
- Other info: Embrace diversity in an inclusive workplace with excellent career prospects.
- Why this job: Make a real impact in the insurance sector with data-driven insights.
- Qualifications: Qualified Actuary with 8+ years in insurance and strong analytical skills.
The predicted salary is between 60000 - 75000 £ per year.
About Mission At Mission, we unite talented underwriters, smart infrastructure, and capital to launch and scale specialist MGAs.
Our model gives brokers instant access to sharp, responsive underwriting teams who deliver tailored solutions without the red tape.
About Mission At Mission, we unite talented underwriters, smart infrastructure, and capital to launch and scale specialist MGAs.
Our model gives brokers instant access to sharp, responsive underwriting teams who deliver tailored solutions without the red tape.
About The Role The Head of Portfolio Management will provide MISSION’s underwriting performance and portfolio analytics capability across its growing portfolio of MGAs and risk capital providers.
Working closely with MGA leadership teams, carriers and MISSION’s technology teams, the role will support profitable growth through portfolio performance analysis, pricing insight, underwriting analytics, carrier engagement, and the development of underwriting raters and pricing tools.
The role will act as MISSION’s technical expert on underwriting performance, supporting carrier placements, capacity relationships and strategic growth initiatives through data-driven analysis and portfolio insight.
Key Responsibilities
- Carrier Engagement
- Support MISSION in the placement, renewal and ongoing management of non-ARX risk capital relationships.
- Provide technical pricing and portfolio analytics expertise during carrier discussions.
- Assist in the preparation of portfolio submissions, performance reviews and renewal presentations.
- Portfolio Performance – Accelerant Risk Exchange (ARX)
- Support MGA leadership teams and Mission Account Directors in discussions relating to underwriting performance, pricing, portfolio optimisation and claims trends.
- Assist MGAs in preparing for and responding to Accelerant portfolio reviews and performance discussions.
- Portfolio Performance – Other Risk Capital Partners
- Monitor and analyse underwriting performance, pricing adequacy, claims trends and portfolio profitability.
- Review exposure concentrations, aggregation trends, line deployment and limit bandings.
- Identify underperforming segments, emerging risks and growth opportunities.
- Produce actionable recommendations to improve underwriting profitability and portfolio performance.
- Rating Tools
- Work closely with MGA underwriting teams and MISSION’s technology team to design, test and deploy underwriting raters and pricing tools.
- Translate underwriting appetite, rating structures and trading requirements into technical specifications.
- Drive the ongoing refinement of rating tools based on portfolio performance and trading outcomes.
- Reporting & Management Information
- Define portfolio reporting requirements and performance frameworks across the platform.
- Produce executive reports, portfolio reviews, claims analyses and carrier reporting packs.
- Develop meaningful KPIs and portfolio performance metrics.
- Deliver portfolio insights and recommendations to Mission leadership, MGA partners and carrier stakeholders.
- Ensure consistency, quality and accuracy of underwriting management information across the platform.
- New MGA Opportunity Assessment
- Support the evaluation of prospective MGA opportunities from an underwriting profitability and portfolio perspective.
- Review underwriting assumptions, pricing methodologies, target loss ratios and growth forecasts.
- Assess portfolio composition, exposure profiles and expected performance.
Qualifications
- Qualified Actuary (FIA, FCAS, FSA or equivalent).
- Degree in Actuarial Science, Mathematics, Statistics, Economics or a related quantitative discipline.
- 8+ years’ experience in insurance, reinsurance, MGA or Lloyd’s market environments.
- Strong experience in pricing, portfolio analytics, underwriting performance and profitability analysis.
- Experience supporting carrier relationships, capacity providers and portfolio reviews.
- Advanced analytical and modelling skills, including strong Excel capability; experience with Power BI, SQL, Python or similar tools desirable.
- Experience within delegated authority, specialty insurance or MGA business models preferred.
- Additional Information
This is a remote position. Planned, in-office activities may be required on occasion (typically 2-4x per year).
You must live in the UK and be authorized to work in the UK without requirement of employment sponsorship/visa.
Mission Underwriters is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
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Head of Portfolio Management employer: Mission US
At Mission, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. Our remote-first approach allows for flexibility while providing comprehensive benefits such as private medical insurance, generous annual leave, and a discretionary bonus scheme, ensuring our employees feel valued and supported in their professional growth. With a commitment to diversity and inclusion, we empower our team members to take ownership of their roles and contribute meaningfully to the success of our specialist MGAs.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Portfolio Management
✨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 Mission US). 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 Mission US. 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 Head of Portfolio Management
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 Mission US.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Mission US. 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 Mission US
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Mission US 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 Mission US, 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 Mission US'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.
