At a Glance
- Tasks: Support insurer performance and strategic direction through data analysis and relationship building.
- Company: WTW, an inclusive employer committed to diversity and community support.
- Benefits: 25 days annual leave, private healthcare, pension scheme, and hybrid working options.
- Other info: Opportunities for professional growth and a supportive work environment.
- Why this job: Gain valuable experience in insurance while making a real impact on business strategies.
- Qualifications: Curiosity, strong communication skills, and proficiency in Microsoft Office are essential.
The predicted salary is between 37800 - 46200 £ per year.
This job is with WTW, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community.
FINMAR is FINEX’s established portfolio broking model, operating across 15 insurer panels globally. Through specialist market expertise, focused engagement and analytical insight, we help our insurer partners deliver greater value to our Insureds and Brokers.
The Portfolio Management Team is responsible for the overall health, performance and strategic direction of our insurer panels. This includes managing the end-to-end panel process, from onboarding new insurer partners and assessing strategic and commercial fit, through to regular performance and sustainability reviews. The team also oversees legal, financial and regulatory governance, ensuring panels operate within agreed frameworks and standards. In addition, Portfolio Management contributes to strategic initiatives and cross-group projects that support the continued evolution of Global FINMAR.
The Role
- Support the oversight of the performance and composition of the insurer base for the panels in one or more geographical regions.
- Assist with the periodic panel performance reviews, using data, market insight and broker feedback to drive strategic recommendations on panel composition, insurer participation and portfolio optimisation.
- Support the delivery of RFPs for FINMAR panels, evaluating insurer appointments and ensuring our processes and approach is best practice / fit for purpose.
- Analyse data and use trading and market insights (via meetings with Brokers and Insurers) to understand and provide subject matter expertise on the overall health of the panel and its individual insurers.
- Monitor insurer service levels, identifying the drivers of any underperformance.
- Support insurers, where required, to improve analytics or provide guidance particularly in relation to the data services.
- Assist with panel financial performance, including budgeting, revenue forecasting, accrual oversight and coordination with finance teams to ensure accurate reporting and invoicing.
- Build and maintain effective relationships with a variety of internal stakeholders and also insurers and insurer prospects where appropriate.
- Support the management of the FINMAR contracts across panels, working closely with group legal and the insurers.
- Contribute to projects, initiatives and any other duties commensurate with position or level of responsibility.
Qualifications
- Be curious, proactive and keen to learn. This is a varied role with significant opportunities for development and exposure to a broad range of activities across the business.
- Demonstrate good judgement and an organised approach to managing priorities, seeking guidance where appropriate and making informed recommendations.
- Be a confident communicator, able to build positive relationships with colleagues and stakeholders and adapt communication style to different audiences.
- Show an interest in understanding the insurance market, client needs and business objectives, and contribute ideas that support team and business goals.
- Knowledge of insurance markets, products or market dynamics would be beneficial, but is not essential.
- Be comfortable working with data and information, drawing insights and supporting recommendations and decision-making.
- Demonstrate strong attention to detail and a commitment to delivering high-quality work.
- Be able to understand and follow established processes and explain these to colleagues where required.
- Be proficient in Microsoft Office applications, including Excel, PowerPoint and Word. Knowledge of Power BI would be advantageous.
What We Offer
Enjoy a benefits package designed to help you thrive, both professionally and personally. You’ll receive 25 days of annual leave plus an extra WTW day to relax and recharge. Our comprehensive health and wellbeing offering includes private healthcare, life insurance, group income protection, and regular health assessments, all giving you peace of mind. Secure your future with our defined contribution pension scheme, featuring matched contributions up to 10% from the company.
We support your growth and balance with hybrid working options, access to an employee assistance programme, and a fully paid volunteer day to make a difference in your community. On top of these, you can opt into a variety of additional perks including an electric vehicle car scheme, share scheme, cycle-to-work programme, dental and optical cover, critical illness protection, and much more. Start making the most of your career and wellbeing with a range of benefits tailored for you.
Equal Opportunity Employer
We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW.
Associate Portfolio Manager in London employer: WTW group
WTW group offers a dynamic work environment that fosters collaboration and innovation, as seen in roles like the Global Marine Marketing Lead, which emphasizes teamwork and strategic engagement. The company provides opportunities for professional growth through hands-on experiences, such as internships and graduate programs in Insurance Technology, allowing employees to develop practical skills in a supportive setting. Additionally, WTW group is committed to maintaining high standards of service and governance, ensuring a stable and rewarding workplace.
StudySmarter Expert Advice🤫
We think this is how you could land Associate Portfolio Manager in 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 WTW group). 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 WTW group. 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 Associate Portfolio Manager in 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 WTW group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at WTW group. 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 WTW group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at WTW group 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 WTW group, 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 WTW group'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.
