Home Underwriting Analyst - United Kingdom - First Central Services

Description

Location: Haywards Heath, Home Office (Remote) or Manchester Salary: £35,000 - £45,000 per year depending on experience Department: Underwriting

We're First Central Insurance & Technology Group (First Central for short), an innovative, market-leading insurance company. We protect the things customers love so they can get on with what matters to them in life.

Data drives us. It fuels our outstanding distribution, finance, technology and legal services. Our underwriting skills are built on data expertise; it creates the insights we need to give the right cover to the right customers at the right price. But, it's the people inside and outside our business that power us. They make us stand out, help us succeed. We're ambitious. We're growing. We've won awards.

Do you have a strong analytical mind ? Can you interpret and analyse data , then present it back to non fluent data speakers? Do you have experience working in personal lines Insurance ? If so, we need you

We're looking for someone to join our Underwriting team as a Home Underwriting Analyst based remotely or from either our Salford Quays, Manchester or Haywards Heath, West Sussex offices.

The Home Underwriting Team are tasked with using analytics and insight to drive the ongoing optimization of the FCG underwriting footprint, and the monitoring of underwriting and pricing performance, to support the delivery of profit and volume targets for the business.

In this role you'll be expected to contribute to and support various projects pertaining to these areas, produce analysis to support the teams wider objectives.

We're all about people and we're passionate about continuous improvement, so you'll share your thoughts with the team and proactively seek ways to improve existing processes in the Pricing & UW Department.

You'll be great in this role if you have:

• Experience of personal lines, ideally within Home
• Exceptional skill in working with and analyzing data, showcasing a strong analytical mindset
• The ability to discuss, present and explain data to a range of colleagues of all levels

Whats Involved:

• Use analytical and statistical techniques/models to support the iterative optimisation of the Underwriting Footprint
• Support the development and maintenance of analytical tools, reporting suites, and appropriate feedback/action loops, to enable the efficient and accurate operation of Underwriting Performance Monitoring and Assurance activities in respect of profitability and volume – including but not limited to:
• Creation and maintenance of analysis programs, tools, and predictive models written in SAS, RADAR, EMBLEM, Python/R and other software packages
• Production of ad-hoc analyses to support business decision making
• Presentation and communication of findings and recommendations in a clear, logical, and accurate fashion.
• Example output may include:
• Summaries of expected loss ratio by factor and recommendations for remedial action
• Delivery of expected loss ratio and risk indices to business stakeholders
• Standardised analysis/reports assessing the efficacy of recent Pricing or Underwriting changes
• Support the ongoing function of the Home Underwriting Team by completing or contributing to:
• Analysis to derive the assumptions and inputs for expenses, profit and capital into pricing models and production systems
• Internal monitoring of the Reinsurance Programme, and contribute to the modelling and assessment of future Reinsurance Programme considerations and parameters
• Ongoing analysis of Competitor UW activity and Market Developments
• Compiling timely and accurate information/analysis for management decision-making purposes.
• Be a conduit for change and improvement within the Pricing and UW area and wider business
• Proactively monitor and suggest improvements which drives the business forward introducing new rating factors and finding new patterns and key variables.
• Work with Senior Analysts to proactively own personal development – researching and learning about new tools, techniques, and data sources which may benefit the team
• Liaise with all departments on issues of reporting requirements, data analysis, business process and operational issues.
• Analyse business issues to find solutions to and make recommendations to improve profitability

Your Experience

• Experience with analytical programming languages, such as SAS, Python and R.
• Experience with building predictive models using applications such as Emblem, Radar (ML) and Python/R.
• Experience with TW Radar essential
• Broad knowledge of statistical methods and analytical techniques
• Experience of a relevant pricing, commercial, or UW role preferably within the personal lines home insurance industry

Your Skills

• Minimum 2:1 in a numerical undergraduate discipline
• Good knowledge of general insurance – preferably home personal lines
• Good knowledge of home insurance products and the home insurance industry
• Underlying Skills of:
• Strong mathematical skills
• Strong problem-solving skills, with the ability to adopt a logical approach to solving problems
• Excellent data and statistical analysis skills
• Strong IT skills (including Excel and ideally programming skills)
• Good communication skills, both verbal and written
• Good time management and organisational skills

Behaviours

• Proven ability to produce outstanding results based on own initiative
• Demonstrable Behaviours of:
• Logical thinker with solid reasoning ability
• Commercially focussed
• Emphasis on attention to detail and accuracy
• Quick learner
• Self-motivated and enthusiastic
• An organised and pro-active approach
• Aligned to the values of Ambition; Agility; Ownership; Collaboration

Are you the person we're looking for? If so, we look forward to hearing from you. Apply today

People first. Always. We're passionate about our colleagues and know the best people deserve an extraordinary working environment. We owe it to them so that's what we offer. Our workplaces are energetic, inspirational, supportive. To get a taste of the advantages you'll enjoy, take a look at all our perks in full here .

Intrigued? Our Talent team can tell you everything you need to know about what we want and what we're offering, so feel free to get in touch.

86% of people would recommend a friend to work at First Central

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Eight flexible bank holidays; you can choose which festivals you observe

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Flexible Working

We're flexible; most roles let you mix office and home working. We work fluidly around core hours

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Your Time in Need

Your Time in Need: five days' leave so you can deal with life stuff. We'll support you