Underwriting AnalystSimply Business

London, UK 02-05-2023
B Corp
We’re Simply Business

We insure small businesses and enable big dreams – not just for our customers, but for our people and communities too. With over 800,000 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 for an Underwriting Analyst to join the Risk Pricing team from our London or Northampton hub.

Here's what you'll be doing:

    • support the development of the analytics team
    • support the development of more junior colleagues in the team through training and coaching
    • create strong relationships with key partners across the business
    • support the MGA team with reserving and profit share calculations
    • work with the data engineering team to ensure the data we receive is accurate, timely and, sufficient
    • support our finance partners with the production and management of the MGA budget
    • play a key role in the MGA team by analysing and managing the underwriting performance of insurance products 
    • support the wider underwriting team with ad-hoc analysis. 
    • understand the underlying trends in our account claims and sales performance – and be comfortable explaining these trends to a variety of audiences
    • analyse key performance metrics and provide actionable insight.
    • develop and prepare monthly MI for capacity providers 
    • develop self service tools for use by the MGA team 
    • be responsible for creating product change measuring tools

We're looking for someone who is:

    • highly numerate with strong attention to detail, with a keen interest to develop their analytic skills
    • able to work comfortably with large amounts of data – and to identify what’s important and what could be wrong
    • excited to work in a technology-led company
    • working towards, or has completed, a relevant qualification e.g. CII, Masters in Statistics or Data Analytics, Actuarial etc
    • a strong communicator with the ability to articulate messages clearly and confidently 
    • able to break down complex concepts into easy to understand ideas for varying audiences
    • willing to learn new systems and reporting techniques
    • a self-starter with the ability to work well independently and as part of a team

    • Essential:
    • experienced in data analytics, ideally in an insurance environment
    • experienced with Excel, SQL and Tableau/ Power BI skills

A few more details about the role:

    • underwriting data management and assisting with drafting MI analysis to identify and explain account trends 
    • preparing reports and analysis for the underwriting and management teams and our capacity providers, delivering clear insight into account structure and performance 
    • communicating regularly with the other members of the underwriting team to understand their reporting and analytical requirements 
    • regularly liaising with our in-house analysis team to make sure that their work on our core reporting structure supports underwriting data requirements 
    • taking responsibility for the accuracy and efficiency of underwriting self service data tools to ensure all team members have the correct data in the format they need
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
life event leave – where every UK SBer has an extra day of leave, every two years, to use for whatever purpose they want, whether that be for moving house, welcoming a new pet to your household or celebrating your Birthday.

And we compensate you fairly:

• 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, and an extra day of holiday every two years to use however you wish
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
• Learning
• Empowerment
• Authenticity
• Pioneering
• Simplicity

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.


Applications are now closed