Home Portfolio Underwriting Analyst

Hastings Insurance Services Limited; Leicester; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading insurance provider in the UK is looking for an Underwriting Portfolio Analyst to assist in launching new segments for home underwriting. The analyst will support the Portfolio Underwriting Manager and engage in rigorous data analysis to identify growth opportunities. Ideal candidates should be proficient in Python and SQL, possess strong analytical skills, and have knowledge of the insurance market. Perks include flexible working and a competitive bonus scheme.

Benefits

Flexible working

Competitive bonus scheme

Life assurance cover

Income protection

Matched pension contributions up to 10%

Discounts and cashback

Health care cash back plans

Qualifications

• Comfortable working with and analyzing numerical/statistical data.
• Good communication skills, both written and verbal.
• Knowledge of the personal lines insurance market; other backgrounds considered.

Responsibilities

• Support the Portfolio Underwriting Manager in developing a plan for new portfolio segments.
• Through regular monitoring, strive to identify opportunities to expand underwriting.
• Analyze data sources to improve underwriting practices.
• Work closely with Actuarial, Data Science, and other teams.

Skills

Proficiency in Python

Proficiency in SQL

Good communication skills

Ability to analyze numerical/statistical data

Knowledge of personal lines insurance market

Job description

Job Overview

The Underwriting Portfolio Analyst will work with the Portfolio Underwriting Manager with the aim of delivering our profit and growth targets for home, initially through launching in to three new segments of business; Contents only, buildings only and mid net worth and subsequently through the regular analysis of our existing risk appetite.

Accountabilities

• Support the Portfolio Underwriting Manager in developing a plan and driving forward the launch into the new portfolio segments for home underwriting and with the Technical Underwriters owning all Underwriting aspects of these segments.
• Support the Portfolio Underwriting Manager in implementing the mid to long term Portfolio Underwriting strategy for the new segments portfolio.
• Through regular monitoring and rigorous analysis, continuously strive to identify opportunities to expand and contract underwriting footprint to maximise growth and improve profitability.
• Analysing various data sources (including loss, policy, quote and market data), to identify opportunities to improve our Underwriting.
• Developing & delivering new insight, including the integration of new data, new innovative techniques and ways of working.
• Working closely with Actuarial, Data Science, Risk Pricing, Data Engineering, Account Management, Retail and Counter Fraud / Digital teams.
• Representing the home team on various underwriting projects to generate value for the wider business.
• Ensure that we are meeting customers' fair and reasonable expectations and provide fair outcomes for our customers.
• Comfortable working with and analysing numerical/statistical data.
• Proficiency in Python and SQL.
• Collaborates well with colleagues from own team and other teams.
• Good communication skills, both written and verbal.
• Knowledge of the personal lines insurance market; but other backgrounds will be considered, including non-insurance backgrounds.

Personal Attributes

• Enthusiastic, positive attitude
• Collaborates well with colleagues from own team and other teams
• Confidence to express thoughts and views
• Appetite to learn new skills

Our Culture

We’re a digital insurance provider with ambitious plans to become The Best and Biggest in the UK market. We’ve made huge investments in our data and tech capabilities over the past few years, along with nurturing our 4Cs culture. We’re proud of the journey we’re on as a company and know that our continued success will rely on the contribution of our talented colleagues.

Interview Process

• Recruiter screening call
• Intro with Hiring manager
• Interview with hiring team - Case study round

Inclusive Recruitment

As a Disability Confident employer, we’re committed to ensuring our recruitment processes are fully inclusive - what this means to you is if you’re applying for a job with us, you’ll have fair access to support and adjustments throughout your recruitment journey. We also welcome applications through the Disability Confident Scheme (DCS).

Benefits

In addition to a competitive salary you will also receive flexible working, a competitive bonus scheme, financial wellbeing support including life assurance cover, income protection at no extra cost, matched pension contributions up to 10%, discounts, cashback, free independent mortgage advice and free access to financial wellbeing support, a mental wellbeing programme, 25 days annual leave + bank holidays with the option to buy or sell a week, health care cash back plans, dental plans, discounted health assessments, Cycle to work and tech schemes, discounted and free onsite facilities, social events throughout the year and more.