Schemes Portfolio Analyst

Hiscox; Manchester; On-site; GBP 35,000 - 50,000; Full time

Job summary

A leading insurance provider in the UK is seeking an experienced analyst to work within the Schemes team. The role involves designing data standards and using analytical skills to drive performance improvements and profitable growth. Applicants should be proficient in R, SQL, and Power BI, with strong analytical and communication skills to collaborate effectively across teams. This position offers flexible working arrangements, promoting a diverse and inclusive culture.

Qualifications

• Experience in a similar role, with analytical skills to spot trends.
• Confident in data analysis tools and visualization tools.
• Excellent communication skills for diverse audiences.

Responsibilities

• Design and develop data standards relevant for the sector.
• Build reporting suites to monitor performance trends.
• Conduct data analysis for insights and recommendations.

Skills

Data analysis

R

SQL

Power BI

Interpersonal skills

Analytical skills

Decision-making

Collaborative working

Job description

Job Type : Permanent

Build a brilliant future with Hiscox

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 Sector 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:

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 a combination of different visualisation tools to design and build the 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

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

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

Working in conjunction with the wider data and portfolio analyst communities you will be responsible for the impact assessment of external datasets

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

Providing an independent review and recommendation for underwriting on large individual case underwritten risks

Complete all other relevant ad hoc data analysis including underwriting referral analysis and make recommendations for improvements

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 role, using your analytical skills to spot trends in performance and provide insight and recommendations for to drive performance and growth

Confident in the use of data analysis tools including R and 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