Schemes & MGA Senior Portfolio Analyst

Hiscox; Greater London; On-site; GBP 55,000 - 75,000; Full time

Benefits offered by this job

Flexible working

Job summary

Hiscox is seeking a Schemes Portfolio Analyst to analyse Schemes and MGA opportunities, deliver analytics, and influence decisions across underwriting, operations and sales. You’ll work with the Schemes Team to support performance and portfolio management ambitions and align with the wider UK strategy.

You’ll report to the Schemes and MGA – Portfolio Analyst Team Lead and help design data standards, develop reporting suites, and provide insights to drive profitable growth in the Schemes

Qualifications

• Experience in an analytical role using data and insights to identify trends, evaluate performance and drive growth.
• Experience in insurance, ideally Schemes/MGA/Pricing/Portfolio Management or analytics supporting underwriting decisions.
• Experience using data analysis tools such as Python, R or SQL and data visualization tools including Power BI.
• Proficient in applying analytical techniques to extract meaningful trends and make recommendations.
• Ability to make confident decisions in difficult and complex situations.
• Strong interpersonal skills and ability to operate in a collaborative environment.
• Excellent numerical, analytical and data manipulation skills.
• Results driven, able to make decisions and operate on own initiative.
• Ability to execute and influence at all levels internally and externally.
• Open to new ideas, innovation and educated risk taking.
• Excellent communication skills with ability to articulate the complex to technical and non-technical audiences.

Responsibilities

• Provide independent review and recommendations for underwriting on large existing Schemes and MGAs.
• Deploy analytical skills to assess new schemes opportunities in collaboration with Delivery Underwriters.
• Complete ad hoc and deep dive data analyses including underwriting referral analysis and recommend improvements.
• Design and develop data standards relevant for your sector with underwriting and leadership teams.
• Build a reporting suite using data visualization tools to monitor performance and portfolio trends (monthly and quarterly).
• Spot trends in Schemes performance and provide insights for strategy changes to drive growth.
• Support innovation and continuous improvement across Schemes Sector.
• Conduct data analysis to spot trends and recommend corrective actions for profitable growth.
• Apply regulatory knowledge to portfolio decisions ensuring compliance with Hiscox values.
• Collaborate with stakeholders to deliver a consistent suite of reports on performance metrics.

Skills

Analytical role experience

Interpersonal skills

Decision making

Data manipulation

Tools

Python

R

SQL

Power BI

Job description

Job Type

Permanent

The role

We have a market leading reputation for producing bespoke solutions for niche customer groups managed by our broker partners. Within the wider Schemes team, we deliver Schemes (Delegated Authorities and MGA) solutions across the UK retail business.

You’ll work across the existing portfolio of Schemes (and Delegated Authorities) business as well as analysing the impact of new Schemes opportunities. You’ll work with the wider Schemes Team across underwriting, operations and sales delivering analytics and business insights to influence business decisions and drive the performance objectives of the Schemes business in support of our Active Performance and Portfolio Management ambitions. You will ensure alignment with the wider Hiscox UK business including, Pricing and Portfolio Management, the Insurance Analytics team and Underwriting & Distribution management, ensuring alignment with wider Hiscox UK strategy.

You will report directly to the Schemes and MGA –Portfolio Analyst Team Lead and you will have responsibility for influencing the design and delivering our performance and portfolio management strategy in support of driving improvement and profitable growth to schemes. You will play an integral part in realising our ambitions of growing the portfolio in line with our strategic plans.

What you’ll be doing

• Providing an independent review and recommendation for underwriting on large existing Schemes and MGA’s
• Deploying analytical skills to assess new schemes opportunities, working in close collaboration with our Delivery Underwriters in support of our profitable growth ambitions and our service commitments
• Complete all other relevant ad hoc and deep dive data analysis including underwriting referral analysis and make recommendations for improvements
• In conjunction with the underwriting and Schemes Leadership team, and working closely with the analytics function, you will be designing and developing the data standards relevant for your sector
• You will be using data visualisation tools to design and build a reporting suite to enable the Schemes Sector to actively monitor the performance and portfolio trends and produce on an ongoing basis our monthly and quarterly suite of reporting
• You will be using your analytical skills to spot trends in the Schemes performance and provide insight and recommendations for changes to strategy in support of delivering on our strategic goals and profitable growth targets
• Support innovation and continuous improvement and look for opportunities to implement data, reporting and process improvements across Schemes Sector
• Conduct data analysis to spot trends and recommend the necessary corrective action and opportunities for profitable growth within the existing portfolios in your sector
• Applying knowledge of the regulatory environment to all portfolio decisions and ensuring recommendations result in our customers being treated fairly and consistently in line with Hiscox values
• You will work closely with a wide range of interested stakeholders to deliver a consistent and accurate suite of reports across a wide range of business performance metrics including deal conversion and decline data, underwriting loss and combined ratio’s, portfolio mix, claims frequency, large loss analysis etc.

Our must-haves

• Experience in a similar analytical role, using data and insights to identify trends, evaluate performance and make recommendations that drive business growth and improvement
• Experience within insurance, ideally within Schemes, MGA, Pricing, Portfolio Management or an analytical function supporting underwriting decisions
• Experience using data analysis tools such as Python, R or SQL and data visualisation tools including Power BI
• Proficient in applying analytical techniques to extract meaningful trends and make recommendations
• Ability to make confident decisions in difficult and complex situations
• Strong interpersonal skills and ability to operate in a collaborative environment
• Excellent numerical, analytical and data manipulation skills
• Results driven, ability to make decisions and operate on own initiative
• Ability to execute and influence at all levels both internally and externally
• Open to new ideas, innovation and educated risk taking
• Excellent communication skills with ability to articulate the complex to technical and non-technical audiences

Diversity and flexible working at Hiscox

At Hiscox we care about our people. We hire the best people for the job, and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.

Work with amazing people and be part of a unique culture