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Junior Business Analyst

The role

Support the Syndicate Manager with ensuring effective development, management and controlling of underwriting of profitable business consistent with the agreed business plan, and in turn successful execution for the Board of Directors. Responsible for providing insight and analysis to stakeholders internally, ensuring active portfolio management of performance against Syndicate Business Plans and Forecasts, and developing an understanding of the entire UK portfolio and its importance to the Group as a whole.

Key accountabilities

  • Awareness of and contribution to the development and delivery of the Syndicate business plan
  • Understanding data collated and using insights to inform and support Management and Leadership with setting Syndicate strategy
  • Assist in the development of the annual Syndicate Business Forecast (SBF) and reforecast for the Board, Lloyd's and regulators
  • Participate in all relevant team meetings, in order to develop and share knowledge and best practice
  • Responsible for managing the data collation, monitoring and understanding of the data, querying data points as necessary
  • Assist with the preparation and review of certain regulatory returns
  • Coordinate and prepare for quarterly and frequent ad hoc meetings required with Lloyd's
  • Awareness and understanding of insurance process and role of underwriting and group functions to deliver in effectiveness of profitable business for Syndicate
  • Establish technical knowledge and judgement to support Active Underwriter and Syndicate Manager with identifying issues and opportunities
  • Establishes, develops and strengthens relationships with stakeholders including Underwriting teams and Group Functions to source information for analysis, planning, regulatory returns and other activities
  • Awareness of Lloyd's initiatives and relevance to the business
  • Responsible for informing and advising Active Underwriter e business Syndicate Manager on development and status of Lloyd's initiatives and identifying where the business can contribute further
  • Supports with business planning, analysis and reforecasting for use in all regulatory reporting
  • Review and analysis of the syndicate portfolio to identify progress toward business objectives
  • Contribute to the production of Board and Committee papers for the Active Underwriter
  • Assist with the analysis of Lloyd's outputs (performance management, QMA/QMB, statistics relating to Lloyd's), providing insights that will assist in becoming a best-in-class Syndicate
  • Develops analytical skills as they relate to products, syndicates and the market
  • Develop an understanding of a (re)insurance portfolio and maintain an overview documentation for company product offering
  • Develops expertise and technical knowledge through collaboration with Active Underwriter and Syndicate Manager identifying and implementing appropriate learning and development activities

Skills & experience

  • Awareness of relevant market conditions for syndicate
  • Understanding of Lloyd's market and syndicates
  • Knowledge of underwriting process and procedures including EPA's
  • Awareness of legal and regulatory requirements (specific reference to PRA, FCA and Lloyd's regulations)
  • Strong level of literacy skills
  • Strong interpersonal and communication skills, including technical and presentation skills
  • Strong ability to influence at all stakeholder levels
  • Good critical reasoning, numerical reasoning, problem solving, analytical and creative thinking skills
  • Strong time management, organisation and negotiation skills
  • Able to manage own work load and adaptable to fast-changing priorities
  • Ability to collaborate effectively within a team environment
  • Proficient in MS Office applications, and in particular Excel
  • Specific professional qualifications at a level of degree or equivalent (preferable) e.g. ACII
  • Experience of working in an underwriting environment

Junior Business Analyst

London, UK
Full time
Lloyd's of London Market
bonus & benefits

Published on 01/04/2022

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