MBA Future Leaders Program 2021
About the job
“Admiral Group is looking for a handful of special individuals who are seeking opportunities, challenges and the freedom to create their own career path – ultimately, for them to become the future leaders of this FTSE100 company.
If you are curious, pragmatic, nice to work with and not afraid of making your own way, we want to hear from you! We need leaders who want to have impact - and we’ll help you get there.”
~Admiral – Building CEOs, one at a time~
So, who are we and what can this role offer you?
Admiral Group was founded by two INSEAD MBAs and is a FTSE 100 financial services company, with a market cap of over £8bn and operations in the UK, France, Italy, Spain, the USA, Mexico, India and Canada. We have a strong company culture and were voted the 3rd Best Big Company to Work For in the UK by the Sunday Times in 2020.
In the UK, the role reports directly to our Group CEO, Milena Mondini, and focuses on three areas – strategy, new ventures, and product – both in the UK operations and internationally. You’ll be working as an internal senior strategy consultant for CEOs and senior management to solve real business problems. No prior knowledge or experience in insurance or financial services is required.
Working as part of our MBA team means taking ownership from day one and producing tangible business results. You’ll need to deliver value to our business, be able to make challenging decisions, and always be on the lookout for improvements and innovative solutions.
If you impress us after 12 months, we expect you to move into a senior position, setting you up for a successful, rewarding and exciting career with us.
Most of Admiral’s CEOs and many of our most senior managers started their Admiral careers in this role.
Project scope includes:
The three key focus areas for projects are: Group strategy, new ventures, and product development.
Specifically, this may include:
- Assessing new ventures
- Reviewing the organic growth potential of new business ideas
- Supporting in-country management teams in solving real business challenges
- Supporting and driving strategic initiatives
- Providing leadership to help share best practice across the Group
- International projects
You’ll be expected to:
- Work with senior executives on key strategic issues facing the business
- Provide an entrepreneurial and innovative approach to your assignments
- Structure and execute operational and strategic initiatives by developing work plans, gathering and synthesizing relevant data, problem solving and developing final recommendations
- Engage with stakeholders across the business
- Drive proposals through to implementation and final results
- Communicate findings with senior management and the broader organization
- Work with various stakeholders to take products from ‘test and learn’ into ‘production’ phase
The Group level role is based in Cardiff. There are also opportunities in Paris, Rome, and Seville, however we usually recommend spending an initial six-month period in our HQ in Cardiff to become familiar with the business at Group level and to network with our senior managers and CEOs before moving to your preferred location. This can be discussed based on personal circumstances. The scope of the role varies slightly between operations.
Specific requirements of the role:
- MBA from a top business school
- Fluent English (verbal and written)
- Proven experience working in an advisory role
Desirable traits and attributes:
- Entrepreneurial mindset and a keen interest in developing businesses
- Analytical and strategic skills, but also pragmatic and results-oriented
- Ability to take ownership of your projects, whilst still collaborating effectively with colleagues across the business
- Strong communication and interpersonal skills
- Willingness to roll up your sleeves and get involved
- Appetite to work across the Group’s international operations
- Personality and a sense of humor (we believe work should be fun!)
- Passionate about making things happen
- Fluency in one of our operational languages (French, Italian, Spanish) would be a bonus
Follow our MBA Leadership Programs on Linkedin for insights into the company, interviews with senior managers, and MBA stories.
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Pricing and Analytics
Tŷ Admiral, David Street, Cardiff, CF10 2EH
Strategic Pricing & Analytics for Risk We’re looking for analytical and strategically minded MBAs to help drive our pricing and risk selection capabilities into the future. About the Company
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Peter Marissen is our International Pricing Director. He lives with his wife and 2 children in Cardiff, where his guitar collection is growing. Peter tells us more about what his average day at work involves... "Usually, my day doesn’t start off well. It’s 6am, I’m fast asleep, and a little person jumps onto the bed.Emily: Papa, I can’t sleep anymore. Me: Try. Just close your eyes. Emily: I can’t. Can I have the iPad? Me: It’s a school day. We don’t do iPads on school days. Emily: Your phone then? Me: No Emily: Mama’s phone? Me: Sleep. Please sleep.I’m not a morning person, but Emily is 6 and Harry is 3, so there is no more sleep until I leave just before 8am to do the school run. What should be a 10-minute drive takes about 30 minutes in start-stop traffic. Having the “B-I-N-G-O the dog” song on repeat in the background doesn’t make the trip feel any shorter. At drop-off I try to keep calm amongst many screaming kids until the school doors open, then I re-join the traffic jam, and with luck, I’ll make it to the office for around 9.I usually have a small bite to eat while I start up my computer. Something tasteless but virtuous, now that I’ve had my health check. They insisted on a lengthy discussion about my diet and guess what, it turns out that a bacon roll every morning may not be a great idea. So, I have cut back to once a week (ish), and on most days I end up stirring oats into my organic yoghurt. Lovely.I joined Admiral in February 1999, in the Pricing department, on the assumption that it would be a useful experience for a couple of years. I know I’m not the only one where this got out of hand a bit. At the time, the Pricing team consisted of only 5 people, which was fine as it was motor only, phone only and UK only. When, 10 years later, we looked at launching in Spain, I helped set up their Pricing and stayed involved as Balumba grew over the years. The same happened when the other non-UK operations launched, and at one point we decided that an International Pricing team could help with quality control of rate changes, communicating new Pricing ideas across the group, and training.In International Pricing we spend most of our time working with the various Pricing Teams in the group. There are always several pricing changes from our different operations that the team and I are looking at. Some are simple and require no more than a quick email, others can be time-consuming and need a fair bit of work. Communication at a distance can sometimes be a challenge, but having “Hangouts” is a great help, especially now that we are moving more towards group-wide projects and changes.The team is divided into three sub-departments: Analytics, Cross-product, and the Nursery. Analytics and Cross-product are important and growing areas that take a lot of my time. Analytics is producing some good results as we do a lot of work with the various operations and use our Data Scientists to produce models for them and at the same time each country is developing their own analytics capabilities as well.In terms of people, the nursery makes up the biggest proportion of the team. I shouldn’t say nursery, it has recently been renamed, by majority vote, into something that no-one can remember (International Analyst Development Programme, I think). The name hasn’t really taken off, despite the “No More Nursery” jar, which requires payment of 20p for every mention of the word nursery. I am a regular contributor. Anyway, in the nursery IADP, we recruit math-graduates from universities close to our non-UK operations, who spend a year or so in the team learning how to do Pricing, and then go back to hit the ground running. It makes for quite an international team and I enjoy that aspect of it.When I get home the kids are usually in the bath or getting ready for bed. Bedtime is always fun, although also chaotic, for which I invariable get the blame, perhaps with some justification.Evenings are short. There’s time for dinner, emails, and there’s always the temptation to do a few other things. But I don’t, because I know what’s going to happen at 6am tomorrow morning…"
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Sheli Miller (Bocconi 2015), International Pricing Manager, gave us her honest review of what we know everyone thinks when you say “insurance”. Sheli shares how that first thought, and a little research, has taken her down a career path she never thought “insurance” could provide."When I initially saw the advert for the Admiral MBA internship, I honestly didn’t consider it. It’s insurance, right? So, I assumed it wouldn’t be something that would interest me. A couple of weeks later I was speaking to an alum, and she said:‘Don’t dismiss anything! Don’t look at the field or the company - look at the job and what you will actually be doing.’I went back over the job ads and re-read Admiral’s and something clicked. I thought actually, I can do this, I would enjoy that, and that sounds amazing. At the end of the advert it said, ‘we also look for a sense of humor’, and I thought: ok, this is different! I started researching the company, and really liked everything I saw. I read about the company, the employees, the culture, the strategic opportunities, and challenges of the industry – one where you can really make a difference. All that, plus the job description, and Admiral became my first choice. Sheli Miller I sat down and wrote a cover letter of why I thought I was suitable. I was invited to an interview, which was followed up with a personal email to invite me through to the final stage video interview with senior managers. It’s now my 5-year anniversary with Admiral since joining on that summer internship!It was an amazing experience; I really enjoyed the company and the work, and I got to do things I wasn’t expecting. We did lots of networking events and ports of calls around the company. I really loved it and really hoped I could come back. On the very last day of my internship, I had an interview with David Stevens (Admiral Group CEO) for the full-time position of Business Development Manager (Future Leaders Program), and after a further video interview and completing my MBA I re-joined Admiral.After about a year Claire-Anne Coriat, who was at that point the Head of the MBA Program, suggested I try Pricing. I knew what Pricing did, but I had no idea what International Pricing Managers (IPMs) did. So, I spoke with Amit Chandra, who is a friend and an experienced IPM at Admiral, to help give me an idea of the role. I joined as an IPM initially for a 6-month trial, and then joined as a permanent IPM, in which time I have seen so much growth and change in this area.Each country in the Admiral Group has its own pricing department, and International Pricing initially started as a way to share pricing knowledge and expertise around the Group. Over time it’s also become about coordinating between our different countries. A Pricing Manager is usually very technical and International Pricing Managers bring a lot of experience from other industries and backgrounds. The IPM role requires both these aspects along with the ability to think commercially, take ownership of projects, and think strategically.One of my favorite projects really shows how you need to pull all these skills together; it was actually about windscreen claims. In the UK we barely look at them, because they account for such a tiny percentage of the loss ratio. But in some of our other countries, they account for as much as 5% of the loss ratio. I was asked to find out why!I had to speak to Pricing people in all our different countries, as well as Claims people to really understand how the claims are handled and what the commercial arrangements are. It turned out there were so many different factors driving the difference between the UK and our international operations, for example, the lower premiums in other countries affects the proportion of the windscreen claims. Some countries were also much better at handling windscreen claims from an operational perspective, so we learned a lot. This was a very analytical project, but also required talking to and working with many different people. The combination of these skills is what makes an IPM successful. Sheli Miller I never would have thought going into insurance could be so interesting, but my career to date with Admiral has given me great exposure to a variety of strategic projects and it's great having the autonomy to make decisions and drive your own career path. I would definitely recommend the MBA internship as well as the Future Leaders Program to any MBAs considering their next career move."
As one of our four pillars to our culture, Reward and Recognition is extremely important. We believe that happy staff make happy customers, so we have a huge range of great benefits to make sure everybody has something to smile about! Here are a few of our more popular ones.