Scheme Underwriting Specialist

Conceptionx; London; On-site; GBP 30,000 - 60,000; Part time

Job summary

A leading insurance company in London seeks a part-time Underwriter to enhance its team. This role involves establishing pricing for corporate benefit schemes and maintaining relationships with partners. Ideal candidates will possess in-depth knowledge of Protection products and risk assessment skills, contributing to a dynamic and customer-focused environment.

Benefits

Competitive salary

Generous pension scheme

Bonus scheme

Private medical insurance

Flexible working arrangements

Qualifications

• In-depth knowledge of Protection products and pricing.
• High experience in risk assessment with pricing authority.
• Ability to support customers with complex needs.

Responsibilities

• Establish pricing for corporate benefit schemes.
• Develop relationships with strategic partners.
• Ensure compliance with policy terms and legislative requirements.

Skills

Negotiation

Risk Assessment

Relationship Management

Analytical Skills

Education

Relevant degree in Finance or Business

Job description

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Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation.

Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues.

Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.

Job Summary

To ensure the profitable acquisition and retention of Group Life, Group Income Protection and Group Critical Illness Schemes by being the key point of reference for Scheme Underwriting internally & externally.

What You'll Do

• Establish the price for corporate benefit schemes by exercising considerable personal judgement on the risks associated with matters such as location, industry, occupations, catastrophe risk and claims experience.
• Developing and enhancing relationships with key strategic partners, including Multinational pooling networks.
• Developing the Scheme Underwriting knowledge of the department through coaching and training at all levels, maintaining these through licensing.
• Be a focal point for support and advice on products and procedures to both internal and external customers to ensure that policy terms, legislative requirements and departmental practice are adhered to.
• Recommending amendments to scheme underwriting practice based upon regular analysis of portfolio performance, including market feedback and IP claims
• Contributing to the development and review of Protection products and their pricing structures
• Developing and implementing propositions that delight our customers and meet or exceed profitability objectives
• Maintain close contact with the market in order to remain fully conversant with all aspects of market practice relating to Protection business, therefore helping to maintain our competitive position.
• Constantly update knowledge of changes to legislation effecting Protection policies to ensure that legal requirements are met.
  
  

Who You Are

• In depth knowledge of Protection products, pricing, terms and conditions. Clear understanding of how Canada Life's products interact with other benefits.
• In depth knowledge of the wider Protection market, including trends and activities of our competitors.
• Highly experienced risk assessor with high levels of pricing authority.
• Innovative and flexible approach that can support customers with complex needs.
• Ability to build and maintain relationships with internal and external customers to support key business metrics.
• Skilled at negotiating with external advisers in order to balance business acquisition and retention with profitability targets.
• Trusted to represent Canada Life externally. Ability to present to advisers and customers.
• Creative approach to challenges and problem solving. Ability to lead and support strategic project work.
• Capable of collating, analysing and presenting MI to support business decisions.
• Able to identify areas for product development. Utilises technical and market knowledge to propose potential solutions.
• Delivers technical knowledge in an accessible manner that can support the development of the SU department and wider business.
• Breadth of knowledge permits collaborative working with other business areas.
  
  

Benefits Of Working At Canada Life

We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that's regularly reviewed. As a Canada Life UK colleague, you'll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.

How We Work At Canada Life

Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.

We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That's why we offer a range of training, flexible working and opportunities to grow and develop.

Diversity and inclusion

Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we're making in DEI, and we continue for it to be a significant focus.

"At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all." Nick Harding, Chief People Officer, Canada Life UK

We appreciate that everyone has different work and life responsibilities. We're happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for you.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Part-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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