Initial Risk Underwriter

Legal And General Group; Cardiff; On-site; GBP 28,000 - 40,000; Full time

Benefits offered by this job

Annual bonus

Generous pension

Life assurance

Healthcare plan

25 days holiday

Electric car scheme

Employee discounts

Net-zero offices

Job summary

Legal & General Group is recruiting an Initial Risk Underwriter to join the Retail Protection team. You’ll assess applications, consider risk factors and make fair, balanced decisions while building technical underwriting knowledge.

You don’t necessarily need a traditional underwriting background; life assurance or medical/scientific experience is welcome. We offer a competitive base salary and a comprehensive benefits package.

Qualifications

• Experience in initial risk assessment within protection or life cover.
• Ability to review applications and reach balanced decisions.
• Strong written and verbal communication skills.

Responsibilities

• Review applications and assess risk factors.
• Make balanced underwriting decisions within authority.
• Escalate complex cases when needed.
• Request information from customers and medical professionals.
• Respond clearly to customer and stakeholder queries.
• Record case information and decisions accurately.
• Build knowledge of protection products and underwriting requirements.
• Support positive customer outcomes and service standards.

Skills

Underwriting

Risk assessment

Life assurance knowledge

Communication

Organisational skills

Job description

Company Description

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

Who we are

Our Retail business supports customers throughout their lives, to help them save, plan, protect and enjoy retirement.

We’re a leading provider of retirement and protection solutions. We aim to support our c.12.8 million policyholders and workplace members throughout their lifelong financial journeys.

We focus on helping the customers of today and tomorrow achieve better long-term outcomes. We either talk with them directly or work with intermediaries and employers to meet their needs. We use the latest technology to connect with them quickly, efficiently and wherever possible in highly personalised ways.

Job Description

We’re recruiting for aInitial Risk Underwriter to join us. We’re offering a competitive base salary.

Looking for a role where you can use your judgement, build specialist knowledge and make decisions that genuinely matter to customers?

We’re looking for an Initial Risk Underwriter to join our Retail Protection team. You don't necessarily need to have followed a traditional underwriting career path. We're interested in people with relevant life or protection experience as well as those whose medical or scientific background gives them a strong foundation for developing in underwriting.

You’ll help assess applications for protection cover, consider individual risk factors and make fair, balanced decisions while building your technical expertise.

What you'll be doing:

• Reviewing customer applications and assessing relevant risk factors
• Making balanced underwriting decisions within your authority level
• Escalating more complex cases when required
• Requesting additional information from customers and medical professionals
• Responding to customer and stakeholder queries clearly and professionally
• Recording case information and decisions accurately
• Building your knowledge of protection products, regulation and underwriting requirements
• Supporting positive customer outcomes and agreed service standards

Who we're looking for:

• An understanding of mortality and morbidity risk factors, or relevant knowledge that provides a strong foundation for developing this
• Experience within life assurance, protection, customer service or pre-sales underwriting, or a relevant medical/scientific background
• An interest in developing a career in underwriting
• The ability to review different pieces of information and reach balanced decisions
• Strong written and verbal communication skills
• Good organisation and the ability to prioritise your workload
• An awareness of Life, Critical Illness or Income Protection products would be beneficial
• Knowledge of relevant regulation or underwriting systems would be helpful, but training can be provided where needed

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are many discounts we offer – both for our own products and at a range of high street stores and online
• We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience

Additional Information

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.

If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time and job shares.Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.