At a Glance
- Tasks: Support product development and manage relationships in the maritime insurance sector.
- Company: Join a leading global maritime insurance organisation that values your expertise.
- Benefits: Enjoy hybrid working, generous leave, and performance bonuses.
- Other info: Dynamic role with opportunities for personal growth and industry knowledge.
- Why this job: Gain valuable experience in insurance while making impactful contributions.
- Qualifications: Experience in marine insurance or underwriting is preferred but not essential.
The predicted salary is between 58540 - 71548 £ per year.
Working at West
At West, we firmly believe that our employees are the driving force behind our success.
As a leading global maritime insurance organisation, we take immense pride in cultivating a workplace that not only values our employee’s expertise but also celebrates their achievements and personal growth.
About the Role
The Product & Portfolio Advisor supports the development and delivery of West's product portfolio, working closely with key partners including Nordic Marine Insurance (NMI).
The role combines underwriting support, delegated authority oversight, stakeholder management and project coordination, while contributing to new products, product enhancements and strategic initiatives.
Working with the Head of Product and a range of industry partners, this is an excellent opportunity to broaden your insurance expertise and gain exposure to product development, commercial partnerships and portfolio management.
Responsibilities
- Support the day-to-day management of delegated authority arrangements across West's product portfolio.
- Review underwriting documentation, declarations and bordereaux submissions, ensuring compliance with agreed guidelines.
- Assist with risk acceptance processes and identify issues, exceptions or accumulation concerns for escalation.
- Build and maintain effective relationships with strategic partners, brokers, coverholders and service providers.
- Act as a key point of contact, coordinating information requests, reporting requirements and stakeholder communications.
- Support the delivery of product development initiatives, product enhancements and new market opportunities.
- Produce management information, performance reports and analysis to support decision-making and strategic planning.
- Ensure accurate record-keeping and support governance, compliance and audit activities in line with internal policies and regulatory requirements.
Qualifications and Skills
- Experience within marine insurance, underwriting support, delegated authorities, or a similar insurance environment.
- Good understanding of underwriting principles, insurance products and market dynamics.
- Strong stakeholder management skills, with the ability to build effective relationships and coordinate activity across multiple teams and organisations.
- Proficient in Microsoft Office, particularly Excel, Power Point and Outlook.
- Experience producing reports, management information and data-driven analysis to support decision-making.
- Highly organised, with excellent attention to detail and the ability to manage competing priorities and deadlines.
- Proactive and commercially aware, with a willingness to identify improvements, take ownership of work and develop broader industry knowledge.
- Familiarity with delegated authority arrangements, MGAs, coverholders or binding authorities would be advantageous but not essential.
Benefits
- Hybrid working model consisting of a mix of office-based and remote work days
- Generous employer pension contributions
- Comprehensive life assurance coverage
- 25 days of annual leave exclusive of bank holidays
- Performance-based bonus scheme reflecting both individual and company success
- Subsidised lunch allowance paid monthly to support your daily costs
- Extensive wellbeing platform providing access to premium health apps, gym memberships, and fitness classes.
- Private medical insurance and income protection coverage following a successful probation period
- Interest-free season ticket loans to assist with your commuting costs
Product and Portfolio Advisor in City of London employer: West
West is an exceptional employer, offering a dynamic work environment in Scotland where you can make a meaningful impact on air quality and pollution policy. With a strong commitment to employee growth, flexible working options, and a civil service pension, we foster a collaborative culture that values your contributions and supports your professional development.
StudySmarter Expert Advice🤫
We think this is how you could land Product and Portfolio Advisor 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 West). 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 West. 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 Product and Portfolio Advisor 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 West.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at West. 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 West
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at West 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 West, 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 West'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.
