Department:

Statistics and Underwriting

Reports To: 

Underwriting and Statistic Manager

Introduction:

The Statistics and Underwriting Department is primarily responsible for setting net premiums and monitoring profitability through analysis and reporting, both to group and client management.
The statistics team works closely with, and produces work for nearly every other department and up to board level.
There is regular reporting to be produced.
Alongside this ad hoc analysis is requested often with tight deadlines giving the role variety.

Duties & Responsibilities:

To produce client and internal reports:

This will involve updating, producing and checking existing reports within specific time periods in order to meet service levels.
Implementing any adjustments and improvements reports to aid the team.
Creating reports for new/existing clients, and for internal purposes according to specific requirements.
Liaising with other departments to agree report structure and regularity for new requests.

Management information and data analyses:

This will involve updating existing analytical reports and data sets to be viewed by various other departments.
Provide data analysis from the main frame on which underwriting decisions can be made.
Provide analyses on an ad-hoc basis reports for management in other departments, and external clients.
Analyse data on mainframe computer to highlight possible risk areas for the company.
Creating financial projections, involved in budgeting and forecasting.

Administrative Work:

To aid the day-to-day running of the statistics department, including updating work lists and dealing with ad-hoc requests.
You will be reporting to the Underwriting and Statistic Manager, and the Statistics Team Leader and will need to provide assistance and work closely with all members of the Underwriting and Statistics department.

Qualifications:

Working in a similar environment
Educated to degree level, a mathematical based subject would be preferential.
'A' Level Maths would be essential.
Good numeracy and analytical skills are required. PC Literate, good knowledge of Excel.

Experience:

Flexible approach to work, ability to work on your own initiative.
Organise and prioritise workloads, complete work to specific deadlines.
Able to work in a team, show enthusiasm and willingness to learn.

Technical Competencies:

Analytical Thinking:

Can logically follow a process, breaking down problems into smaller, more manageable parts.

Risk Management:

Shows growing ability to drive investigations that identify weaknesses in procedures or processes.
Shows evidence of being able to make logical connections and draw conclusions that are properly supported.

Reporting:

Able to produce reports, within a predefined framework, accurately and on time.
Shows growing evidence of an ability to be able to make commercial interpretations of the data supplied.

Relationship Building:

Able to develop good working relationships with the Business based on respect for own expertise.
Listens, challenges, and debates when needed.
Developing good persuasion skills.

Understanding the Market:

Has good working knowledge of the company products and keeps up to date with competitor activity. Demonstrates a working practice understanding of the FSA’s regulations in industry.