Profit Commission Manager

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Profit Commission Manager

Apply locations London time type Full time posted on Posted Yesterday job requisition id R

Helping you do more

DUAL is a different kind of MGA and has been since day one in 1998. We've built our business on the idea that when industry expertise, intelligent underwriting and an entrepreneurial mindset come together, insurance can help our partners thrive. Today that philosophy is as relevant as ever. Our intermediary and carrier partners around the world rely on our underwriting teams to take initiative, lean into the challenges of an increasingly complex world, and respond to our clients' emerging needs.

A career that grows with you

DUAL is a place where you can bring your whole self to work - a people-first company that helps you be the best you can be.

Profit Commission Manager

• This is an excellent opportunity to develop the DUAL Group's profit commission collection and forecasting, bringing commercial and financial benefits to the Group.
• The role requires strong organisational skills, attention to detail and numeracy.

Role overview

This is a newly created position within our Group Finance team focussing on DUAL's profit commission income streams globally. The priority of this role is to coordinate and speed up the collection of profit commission across DUAL. This will involve gathering all relevant contracts and information, understanding DUAL's binding authority agreements and terms and preparing profit commission calculations. The role will work closely with several functions, including Underwriting Management, Actuarial, Data & MI and Regional Management and Finance teams.

The role will also work on broader Group Finance activities as time and availability allows.

The successful candidate will be organised, have excellent attention to detail, strong written and verbal communication skills and a knowledge of insurance. A key requirement of the role is persistence and perseverance in tracking down information and following tasks through to completion.

Role responsibilities

• Compile a database of all profit commission arrangements and terms throughout the DUAL Group.
• Prepare profit commission calculations for submission to carriers and binder brokers.
• Track cash collections and prepare collection timetables.
• Project manage and report on progress in collecting profit commission against budgets and forecasts.
• Liaise with Actuarial, Regional Finance and Underwriting teams
• Contribute to profit commission terms on future binding authority agreements being negotiated.

Key Skills and Attributes:

• Highly numerate and technically skilled in using systems and manipulating data
• Thrives in a dynamic, entrepreneurial and changeable environment. Able to find pragmatic solutions when faced with time or information constraints
• Ability to manage conflicting demands and prioritise effectively

We are flexible on place of work, however, the successful candidate may be required to travel to the London office up to three times a week.

Experience of working with Unit 4 Coda or a similar general ledger system, and OneStream XF or a similar group financial reporting system is desirable.

What do we offer in return?

A career that you define.

Yes, we offer all the usual rewards and benefits - including great healthcare provision, a wide variety of wellbeing offers, competitive salary, generous pensions and more - but we know you expect all that.

What you might not expect is a job where everyone has a voice, where volunteering in the community is part of the day job, and where everyone is encouraged to play a part towards our sustainability goals. We want people who want to make a difference - not just in the workplace, but in the industry and in the wider community.

Our culture: People First

Our core values dictate how we live and work. We are a group with independence and people at its heart and we are a home for talent with a unique culture: the biggest small company in the world.

The focus on being a People First business has always been at the very heart of the Group; our vision was to create an independent business with a unique culture and one that would survive and thrive as a business controlled by the people working for it. And finding the most talented and entrepreneurial people to join the Group has been and will continue to be key.

Diversity & Inclusion

At DUAL we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.

DUAL is where ambitious people thrive

There's an independent spirit and an entrepreneurial feel that run throughout the business. You'll have greater freedom to use your talents to help clients and colleagues do more. We believe that's fundamental to realising our vision to be the world's best underwriting business.

Working here is rewarding

As well as job satisfaction and a stimulating culture, working at DUAL comes with all the benefits you'd expect from a global business - and some you wouldn't.

- Family-first policies that support you through all of life's milestones

- Health and wellbeing benefits including private medical insurance and more

- Critical illness and life insurance cover to give you extra financial security

- A choice of rewards for every five years of service, including shares

- Volunteer leave so you can make a difference outside of work too

Reasonable adjustments

At DUAL, we're committed to providing reasonable accommodations to make sure our positions align with our people's needs. For example, we can always make adjustments to your office set-up - your software, hardware, desk and so on. We may also be able to offer flexible hours or hybrid working depending on your role and location. If you're excited about this position but have doubts as to how 'workable' it is for you, please send us your application. If your profile fits the criteria, we'll be happy to chat about any reasonable accommodations you may need.

The power to change our world

As a business, DUAL is about taking action. It's fundamental to our entrepreneurial spirit, and it doesn't just apply during office hours. It relates to the communities we move in and the world we live in. That's why we constantly strive to be a force for good.