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Managing Director of MGA (Managing General Agent)

London, UKCommercialPermanent (Full-Time)MGA

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A brief update on Covid-19 (coronavirus)

Simply Business is well prepared to deal with unprecedented events. We’re an agile business by nature – and our hiring and interview process is no exception. Due to the Covid-19 pandemic, some parts of our hiring process may take a little longer than usual.  Please bear with us, and rest assured that we're happy to hear from you and receive your application.

If it looks like you could be a good fit for the role, we’ll ask you to interview on Zoom – you’ll need WiFi and a laptop, or a 4G-enabled smartphone.

Technology. Award-winning customer service. Bleeding-edge data ability. Simply Business is a new type of insurance company, using all of the above to create the best possible insurance experience for small businesses and self-employed people. We love working here, and have even taken the number one spot in the Sunday Times Best Company To Work For 2015 and 16 lists; we’ve stopped entering now to focus on a few bigger projects, but you get the idea.

It’s a great place to work.

There are currently over 500,000 active Simply Business insurance policies in the UK alone. And we have offices in London, Northampton and Boston, USA. Talking of offices, ours are bright, airy and geared up for really smart working. We’re flexible, with plenty of remote workers coming in and out, and we believe work and life should be hand in hand, rather than a juggling act. So no need to worry about school pick-ups, or a horrible commute.

Our people are our most important asset, so we focus on building a working life that helps us thrive, not stick. We're proud of our inclusive and supportive culture, and we're passionate about creating an environment where everyone's cultural backgrounds, skills, and perspectives are valued. Join us and you’ll be part of our journey to creating something even better, for our customers and ourselves.

Brexit Statement:

Following the UK's exit from the European Union, there are changes to Legal Right to Work legislation that applicants from the EU will need to be aware of.

Before 30th June 2021, EU/EEA/Swiss citizens have a legal right to work in the UK and can provide a passport as evidence of this.  No visa will be required.

From 30th June 2021, EU citizens will be required to provide evidence of settled or pre-settled status in the UK as evidence of right to work.  Without this, EU citizens will require a visa to work in the UK.

We are looking for an Managing Director of MGA (Managing General Agent)

As Managing Director of MGA, you’ll join the team that’s responsible for running the Managing General Agent (MGA) at Simply Business UK. We’re an in-house insurer, supporting the business with a range of products to sell on the Simply Business panel. We’re also an internal innovation hub, testing new ideas we think our customers might like. 
You’ll be joining our team of underwriters and analysts at an exciting time of growth and development of our MGA. You'll be taking the lead of a growing team with big ambitions, responsible for driving this critical part of our business forwards as we pull on our technology and data expertise to take the underwriting of small business into a new era.

As the Managing Director of MGA you will:

  • Report directly to the UK CEO
  • Work closely with the management team to create the UK MGA strategy in line with our organisational vision
  • Apply strategic thinking and provide clear direction to bring people with you
  • Flex your leadership style to create a team environment which personifies SB’s values and fosters a culture of support and high performance
  • Be responsible for maximising the MGA value proposition
  • Review and enable a commercial structure that grows the MGA in line with Simply Business’ commercial objectives
  • Work with external suppliers and advisers to ensure the appropriate legal structure, and that we’re working with the right partners
  • Continue the evolution of our UK MGA as we develop our distribution strategy and launch in new marketplaces
  • Represent Simply Business with external suppliers and capacity providers to achieve the best possible outcomes for us and our customers

Responsibilities include:

  • Setting the high-level purpose of the MGA and the strategy for the team
  • Identifying and creating new alternative structures to increase the value of the MGA within Simply Business
  • Identifying and building partnerships to support the growth and development of the MGA
  • Hitting the in-year and mid-term performance results for MGA growth and loss ratios
  • Making sure the operation of the MGA has a correct compliance and regulatory structure
  • Providing strategic guidance on Simply Business group development projects where appropriate
  • Developing and maintaining relationships with capacity providers to maximise value for Simply Business, including all renegociation and reinsurance processes
  • Attracting, developing, and retaining high performing people in the team to develop a high performance culture

Key capabilities and behaviours:

  • Proven extensive experience in progressively responsible roles within a well-established insurance organisation
  • ACII qualified Chartered Insurer or qualified FIA
  • Ability to use understanding of market trends, regulatory climate, competitors, and the current challenges faced by the insurance industry to enable new commercial models
  • Exceptional communication, negotiation and organisational skills with staff and customers, as well as with new business partners
  • Experience of innovating business models which involve managing and negotiating with external partners, panel insurers, and third party data providers
  • Successful experience of leading, inspiring, and directing large teams and advising on the best path of growth for the business
  • Ability to develop strong teams and empower teams and individuals so that they reach their full potential
  • Previous experience within a Certified Manager position preferred
  • Exposure to external data enrichment in pricing and underwriting would be a benefit, but not a must
What are the benefits?

There’s all the serious (but important) stuff we call ‘core benefits’. On top of that, you can pick and choose from the more exciting options we offer – whether it’s a full gym membership, lifestyle pot, comprehensive private health cover, extra holiday or a National Trust pass. 

The ‘core’ stuff
These are available to all staff from your first day. Here’s the summary:

• a salary that reflects your experience, our pay policy and the market we’re in from your first day
• an automatic enrolment pension (employer-matched at 5%)
• generous holiday entitlement
• life assurance – 4 x your basic salary
• a health cash plan to reimburse your everyday medical expenses
• an extra day off if you get married or move house
• unlimited access to 24/7 virtual GP
• bupa nurse healthline
• employee assistance programme (EAP)
• eye care vouchers
• local discounts

The fun stuff
We also have a great deal more to pick and mix from, with things like:

• a full gym membership
• lifestyle pot (a pot of cash to be used against anything you want need: well being, personal development, hobbies or childcare costs)
• private medical insurance
• extra days annual leave (up to 5 days)
• shopping vouchers
• dental insurance
• travel insurance
• merlin pass
• taste card

But there’s so much more to Simply Business than insurance and memberships. We also commit to flexible working options, smart working (our offices are kitted out for you to work when and how you choose), cycle to work, eye test vouchers, and season ticket loan schemes, and we have a handy online form to put in any training or conference requests.

Best of all, though, are the groups, clubs, and adventures that come with the Simply Business territory. Forget a simple Give As You Earn scheme (although we’ve got that too) – we trek the Sahara for charity, take you on weekends away, throw epic summer parties, and meet up for book groups, public speaking coaching, yoga, manicures, beer brewing, and lots, lots more.

Our values

Everything we do comes down to these five values – empowerment, authenticity, simplicity, learning and pioneering. In practice, these will mean something unique to every  person at Simply Business, but if you’re considering working here, give them some thought. They’re at the heart of our story.

Empowerment
We're trusted to get the right stuff done in the way that suits us best

Authenticity
We respect the uniques skills and perspective that everyone has

Simplicity
If we can make it simpler, we do, and if we can’t then we explain it so everyone can understand

Learning
We’re always learning, developing and improving, and helping others do the same

Pioneering
We lead with purpose and make things happen
Apply now

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© Copyright 2021 Simply Business. All Rights Reserved. Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG.