MGA Senior Portfolio Manager

  • Simply Business
  • Nov 25, 2022
Full time Healthcare & Medical

Job Description

We insure small businesses and enable big dreams - not just for our customers, but for our people and communities too. With over 1,000,000 active insurance policies, we protect builders, bakers, landlords, and more than 1,000 other trades.

We harness cutting-edge data ability, believe in experimentation, and build our own technology to deliver better experiences for our customers and employees. This means we're as much a technology company as one that sells insurance. We build, we fail, we learn, we improve. We're a B Corp too, which recognises our strong track record of having a positive impact on people, society and the environment.

If Simply Business sounds like the kind of place you'll thrive, we'd love to hear from you

We're looking to a MGA Senior Portfolio Manager to join the MGA from our London hub.

Here's what you'll be doing:
  • managing a portfolio of risks at a macro level for a range of commercial products for our small and medium-sized business audience. This Includes tradespeople and construction, retail, office and professional indemnity
  • working with others to manage our pricing models, underwriting logic, policy wordings and endorsements
  • understanding and monitoring our account make up and underwriting performance. Then use this information to develop and drive frequent pricing and product actions.
  • regular market research to understand best practice and development of world-class underwriting
  • owning and managing both internal and external relationships with key stakeholders and building good relationships with key contacts
  • support our Head of New Markets to develop our distribution capability while generating a profitable book of business
We're looking for someone who is:
  • from an underwriting background with 5+ years of underwriting-related experience. Ideally in commercial lines with experience in managing and controlling the mechanics of a portfolio of business
  • experienced with starting books of business with the ability to articulate important measures of success. This includes negotiation of commercials, process and performance management
  • an enthusiastic person that has great interpersonal skills and can build relationships with our insurer partners
  • able to demonstrate ownership and can give projects a sense of momentum
  • likely to have completed or is near completion of an ACII qualification
  • to show a comprehension of the operational and technical processes so that an underwriting vision can be accurately built
A few more details about the role:
  • ownership and accountability for the performance of an account in a brand-new market
  • you'll be driving through and managing the prioritisation of changes within other areas of the business to ensure new product growth
  • ensuring the processes and governance are in place for us to manage our products in a compliant and fair way, meeting regulatory requirements
  • you'll have the autonomy to make decisions on what we execute while being accountable for the results
  • creating your own data-rich reports with a clear idea of what other data is required to make expansion decisions
  • creativity in new ideas for growing an account with an eye for finding solutions
  • responsible for creating new lines of business with a rationale for pricing and acceptance strategy
Our culture is inclusive and diverse

We Embrace Individuality We value what's important to each and every SBer. Whether that be providing access to cutting edge wellbeing support, or being part of one of our many diversity networks and communities. We also take personal development seriously - we're all about enabling big dreams.

We Trust Who We Hire We empower SBers with choice and flexibility to make the right decisions based on the needs of their roles and we've been working this way long before Covid19.

There's no one-size-fits all solution when it comes to how often we get together in person, so all of our people and teams find the rhythm that suits them best when it comes to working from home or hub.

We're innovative We've created a place for people to be curious, experience new things, and bring unique ideas to the table. If you want to learn how we do all this - head over to our Careers page where you'll see us walk the talk

Our mission is to make Simply Business synonymous with fairness, belonging and inclusivity. We won't be happy until we've created a truly inclusive culture - where every employee, whatever their background, role, or location, feels comfortable being their authentic self at work.

We all have a part to play - to learn more, to do more and to go further - in building this new reality that'll be befitting of the diversity of the customers we serve. At Simply Business, we're all in.

What are the benefits?

At Simply Business, our benefits let you balance life and work properly:

• flexible parental leave - you can choose to take shared parental leave, plus we offer full pay for the first six months of your maternity leave and four-week fully paid paternity leave, subject to meeting the qualifying criteria

• remote working - more of us are currently working remotely than usual, but longer-term you can balance working remotely with working in the office, giving you the opportunity to connect with colleagues

• mental health and wellbeing resources - we take your wellbeing seriously, giving you access to counselling (through our Employee Assistance Programme) as well as technology to support your mental health (through the Unmind app)

• paid sabbatical - two weeks off when you've been here for five years and four weeks off when you've been here for 10, 15 & 20 years

• a dedicated learning platform - including a management and leadership programme - the platform lets you balance both work and life goals

• a competitive salary that reflects your experience, our pay policy and the market we're in from your first day

• the potential to earn an annual bonus based on business performance (those on commission-led roles will be rewarded monthly)

• we match what you put into your pension up to five per cent

• a health cash plan reimburses your everyday medical expenses (with the opportunity to increase the level of your plan in your flexible benefits)

• a generous holiday entitlement of 25 days annual leave, plus bank holidays

• life assurance of four times of your basic salary

• Smart Health services including unlimited access to a 24/7 virtual GP

• a flexible benefits scheme with an allocated allowance each year to choose from benefits including private medical insurance, dental insurance, travel insurance, up to five days extra holiday, and gym membership

These values are important to us and our people

• Authenticity

• Pioneering

These all mean something unique to every person at Simply Business, but if you're thinking about working here, give them some thought. They're at the heart of our story.

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