Senior Product Analyst - Digital Underwriting

Senior Product Analyst - Digital Underwriting, You will be at the centre of experienced underwriters and insurance product experts and will harness their knowledge of traditional insurance products to distil and define the risk appetite, underwriting criteria, coverage offering, and appropriate risk limitations and exclusions for a digital version of the product/appetite that can be automated through a straight-through "no-touch" automated platform. You will coordinate with underwriters and business analysts to develop digital product elements into operable requirements and reference artifacts for technical teams. You will assist UWs with analysing results and recommend and implement approved adjustments to eligibility, market pricing, and capacity and accumulation control elements through the technical platform.,

• Be a problem-solver who considers complex data from multiple sources in order to understand the drivers of our business results and influence the next steps of action. This role will use objective data to gain a deeper understanding of the behaviour of the digital portfolios, and work closely with business and technical teams to enable and deploy products to the market.


• Work closely with product and underwriting leads driving complex analysis to develop actionable and innovative recommendations for achieving growth and profitability targets


• Support the design and build of digital insurance products that add value, scale and efficiency to MRSI business units and clients


• Proactively assess market risks and opportunities, evaluating multiple possible solutions, and leverage data-based insights to influence the decisions of executive leadership


• Understand and report on the overall performance and strategy of product lines


• Work cross-functionally with partners across the organization, including Corporate Underwriting, Actuarial, Finance, Legal, Claims, Risk Management and other knowledge experts to develop, design, and implement new and enhanced digital products


• Assist in developing annual revenue and profitability plans, budgets and re-forecasts
  
  Bachelor's degree.



• Excellent analytical experience and/or product experience in insurance or a similar industry


• Advanced Insurance product, price, underwriting and regulation knowledge, with working knowledge of personal and commercial lines rate plans and product offerings


• Knowledge of insurance and ability to read and interpret standard policy forms, laws and regulations


• Excellent analytical skills with ability to translate complex concepts into simple, actionable recommendations


• Strong research and analytical (quantitative and/or qualitative) skills with ability to perform analysis and identify solutions to issues


• Demonstrated ability to perform in a fast-paced environment with multiple priorities and deadlines


• Proven history of taking initiative and driving projects to completion with minimal guidance


• Ability to understand customer's key objectives and creative approach to designing innovative solutions


• Experience in budget forecasting


• Proficiency in data science and coding (SAS, Python, SQL, etc).


• Strong data visualization skills.
  
  Bell & Clements is a leading expert in understanding and connecting US coverholders and brokers to flexible and innovative insurance solutions. We are also a registered Lloyd's Broker. As a wholly owned subsidiary of Munich Re, we have access to the expertise, products and risk appetite of one of the largest and most successful insurance groups in the world.


We are specialists in offering expertise in underwriting, broking and capacity management for US Excess and Surplus (E&S) lines insurance solutions. The unique combination of broking and underwriting divisions provides the ability to quote and bind risks through inhouse binding authorities, while providing customers with access to Lloyd's, London Market companies, and Munich Re owned capacity in Germany and the US.

Why join us?

We are a responsible employer, with a reputation for innovation and adding value in the insurance distribution chain. As a wholly owned subsidiary of Munich Re, we have access to the expertise, products, risk appetite and career development opportunities of one of the largest and most successful insurance groups in the world. As our business continues to grow, we are committed to expanding our team and provide development opportunities to ensure we are always supporting our people in their career journey. Our talent pool makes us who we are, and our inclusive culture means we are looking to continue to build our team with broad expertise, diverse backgrounds, and ambitious employees. Being part of Bell & Clements provides access to multiple health and wellbeing benefits, work-life balance initiatives (including hybrid working), financial wellbeing packages as well as training, development and career opportunities.


• This position is offered on a Permanent basis.


• Annual salary will be dependent on the skills and experience of the successful candidate.


• Annual leave - 25 days per year (plus bank holidays), increases with length of service.


• Health & Wellbeing - our offering includes private medical insurance for employees, their partners and their families, a Digital GP service and an annual allowance (currently £550) any activities and/or equipment which supports health and wellbeing.


• Hybrid and remote working - to support your work balance we have introduced hybrid working. You will be provided with support to work from home up to a maximum of three days per week.


• Flexible working hours - the opportunity to flex your working hours.


• Generous gender-neutral family leave policy - employees with 26 weeks' continuous service at the Expected Week of Childbirth are eligible to receive 26 weeks full pay.


• Professional Qualification Support - (discretionary) financial support covering the cost of professional qualifications, including institute membership, exams, study materials and completion bonuses.


• Team fun - warm and social culture with regular get togethers.