Senior Underwriting Governance Analyst

AXA UK plc; Bournemouth; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading insurance provider in the United Kingdom seeks a Governance and Controls specialist for underwriting. The role involves ensuring effective underwriting governance, maintaining compliance with business rules, and conducting audits. Candidates should have experience in Corporate Underwriting and be capable of managing multiple priorities. A competitive salary and comprehensive benefits package, including performance bonuses and a contributory pension scheme, are provided. The company fosters an inclusive environment and encourages applications from diverse backgrounds.

Benefits

Competitive annual salary

Annual performance-based bonus

Contributory pension scheme

Life Assurance

Private medical cover

25 days annual leave

Wellbeing services

AXA employee discounts

Qualifications

• Experience with Corporate Underwriting approaches and knowledge of Individual and SME underwriting.
• Demonstrable ability to manage multiple priorities successfully.
• Eligible and authorised to work in the United Kingdom.

Responsibilities

• Maintain underwriting philosophies and business rules.
• Roll out effective changes to teams.
• Conduct annual audits of corporate underwriting process.
• Perform risk-based sampling reviews of corporate cases.
• Coordinate corporate underwriting tests.
• Support audits of delegated underwriting decisions.

Skills

Corporate Underwriting approaches

Understanding of regulatory environment

Ability to explain technical concepts

Resilience and management of priorities

Solution-focused mindset

Self-motivated with can-do attitude

Job description

Role Overview

Reporting into the Head of Pricing Governance and Controls, you will ensure effective underwriting governance for AXA Health, implementing positive, balanced, and effective underwriting risk control. You will maintain Corporate, SME, and Individual underwriting philosophies, manuals, and business rules, and carry out case reviews and QA to ensure compliance with these.

Responsibilities

• Maintain Corporate, SME, and Individual underwriting philosophies, manuals, and business rules, ensuring they are comprehensive, clear, up to date, and aligned with AXA Health risk appetite.
• Roll out changes to philosophies and manuals effectively into the relevant teams.
• Support audit of the corporate underwriting process on an annual basis to ensure compliance with philosophies and manuals, drafting reports that outline areas for improvement.
• Carry out regular risk‑based sampling reviews of corporate cases to assess individual underwriter competence and consistency of application of rules/approach, identifying gaps in knowledge and aspects of documentation that require updating.
• Coordinate and deliver twice‑yearly corporate underwriting tests to assess underwriter understanding of philosophy and manual content.
• Support review of individual and SME risk underwriting decisions made by the portfolio management team on a risk‑based sampling basis to assess the team’s understanding of philosophies, manuals and business rules.
• Build strong relationships with other pricing teams and with risk and compliance.
• Support audits of decisions where underwriting decision‑making is delegated to teams outside of pricing.

Qualifications & Criteria

• Experience with Corporate Underwriting approaches and the market, with some knowledge of Individual and SME underwriting/pricing an advantage.
• Understanding of the regulatory environment in which the business operates and of the dynamics of large organisations.
• Demonstrable resilience and experience of successfully managing multiple priorities.
• Ability to grasp and explain a range of technical concepts to all business stakeholders.
• Solution‑focused, with a strong focus on delivery and a desire for continuous improvement.
• Self‑motivated with a can‑do attitude.
• As a precondition of employment, you must be eligible and authorised to work in the United Kingdom.

Benefits

• Competitive annual salary dependent on experience.
• Annual company & performance‑based bonus.
• Contributory pension scheme (up to 12% employer contributions).
• Life Assurance (up to 10× annual salary).
• Private medical cover.
• 25 days annual leave plus Bank Holidays.
• Opportunity to buy up to 5 extra days leave or sell up to 5 days leave.
• Wellbeing services & resources.
• AXA employee discounts.

Equal Opportunity & Diversity

We acknowledge and appreciate the exceptional efforts of our people in protecting what matters most to our customers. Our selection process is fair and equitable, ensuring that all candidates have an equal opportunity to join us. We are dedicated to promoting diversity and inclusion, and we actively encourage applications from individuals of all backgrounds. As an Equal Opportunities Employer, we treat our employees and potential hires with respect and without discrimination based on any protected characteristics. AXA UK is recognised as a Disability Confident Leader and actively encourages applications from people who face barriers in the workplace due to a disability or long‑term health condition. We participate in the Disability Confident ‘Offer of Interview’ scheme, providing a fair and proportionate number of candidates with long‑term health conditions or disabilities who meet the essential criteria of a job with an interview opportunity.