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For Companies At a Glance
- Tasks: Ensure underwriting processes meet quality standards and assist teams with pricing queries.
- Company: Join Vitality, a top-rated workplace committed to diversity and sustainability.
- Benefits: Enjoy flexible working, bonus schemes, health insurance, and a generous pension plan.
- Why this job: Be part of a supportive culture that values your growth and well-being.
- Qualifications: GCSEs in Maths and English, strong communication skills, and proficiency in Microsoft Office.
- Other info: Opportunity for career advancement in a fast-paced, innovative environment.
The predicted salary is between 36000 - 60000 £ per year.
About The Role
Team – Pricing & Underwriting Governance
Working Pattern – Hybrid – 2 days per week in the Vitality Bournemouth Office. Full time, 35 hours per week.
We are happy to discuss flexible working!
Top 3 skills needed for this role:
- A keen eye to learn
- Comfortable communicating with different kinds of stakeholders & teams
- Proficient in Microsoft Office
What this role is all about:
Make sure the underwriting process (how insurance is assessed and priced) meets quality standards for all types of clients-individuals, small businesses, and large companies-for both new applications and existing customers. Check that risks taken on by VitalityHealth are priced correctly and follow the company\’s underwriting policies.
Be the main go-to person for any questions about pricing, helping teams in Servicing, Retention, and Sales by providing timely and accurate answers based on the official pricing rules.
Review discount requests in partnership with the Pricing team, evaluating scheme performance to ensure any applied discounts align with underwriting principles and maintain commercial viability.
Build strong relationships with the teams in Servicing, Sales, Retention, and Underwriting to encourage teamwork and support shared business goals.
Key Actions
- Provide accurate responses to requests received in person or by email, including supplying rate cards, and ensure this is done within the agreed service levels.
- Conduct regular checks such as underwriting audits, quality assurance reviews, and twice-yearly tests to make sure processes follow the Large Corporate Underwriting Philosophy.
- Keep underwriting philosophy documents and guidelines updated as needed.
- Carry out all quality checks required for underwriting licence progression and offer expert recommendations based on the results.
- Stay up-to-date and well-informed about underwriting guidelines and philosophies to ensure consistency and accuracy in your work and the work of others.
- Maintain accurate and up-to-date logs and databases to enable the production of reliable management information.
- Assess discount requests by analysing how a scheme is performing to make sure any discounts meet commercial requirements.
- Support other tasks when needed, such as collecting monthly competitor data.
What do you need to thrive?
- GCSEs (or equivalent) in Maths and English at grade C or above, or other proof of strong reading, writing, and number skills
- Energetic and adaptable person who enjoys working in a fast-changing and innovative environment
- Experience checking the work of others and talking through any problems with them and their managers
- Strong organisational and communication skills, able to handle several tasks at once and plan your time well
- Confident using Microsoft Office tools, especially Excel, to manage and review data both through standard processes and when needed
- Able to keep sensitive business information private
- Great verbal and written communication skills, including presenting complex ideas clearly to both small and large groups
- Very detail-focused and thorough in your work
So, what\’s in it for you?
- Bonus Schemes – A bonus that regularly rewards you for your performance
- A pension of up to 12%- We will match your contributions up to 6% of your salary
- Our award-winning Vitality health insurance – With its own set of rewards and benefits
- Life Assurance – Four times annual salary
These are just some of the many perks that we offer! To view the extensive range of benefits we offer, please visit our careers page. Fantastic Benefits. Exciting rewards. Great career opportunities!
If you are successful in your application and join us at Vitality, this is our promise to you, we will:
- Help you to be the healthiest you\’ve ever been.
- Create an environment that embraces you as you are and enables you to be your best self.
- Give you flexibility on how, where and when you work.
- Help you advance your career by playing you to your strengths.
- Give you a voice to help our business grow and make Vitality a great place to be.
- Give you the space to try, fail and learn.
- Provide a healthy balance of challenge and support.
- Recognise and reward you with a competitive salary and amazing benefits.
- Be there for you when you need us.
- Provide opportunities for you to be a force for good in society.
We commit to all these things because we want you to feel that you belong, and are supported to be happy and healthy.
About Us
We\’re really excited to announce that we have recently been awarded \”Top 10 Best Places To Work\” in The Sunday Times Awards 2024!
Vitality is a multi-award-winning UK insurance brand, here to make the world a healthier, happier place.
We\’ve been a purpose and values-driven business from day 1- long before it became fashionable. Our core purpose is to make people healthier and enhance protect their lives. Vitality pioneered shared-value insurance. We incentivise people to live healthier longer lives – they benefit, our business benefits, and society benefits. We\’re successful because we attract, develop, and retain the best people – and because we care.
Plus, you get to join our 1.7+ million members with access to our unique health insurance and healthy living programme. Just to make sure you know our products inside and out.
Ready to find out if we\’re the right fit for you? We can\’t wait.
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Diversity & Inclusion
At Vitality, we\’re committed to diversity and inclusion because it\’s good for our employees, for our business, and for society. We welcome applications from individuals of all backgrounds, experiences, and perspectives.
Vitality\’s approach to sustainability
Vitality is a business that drives positive change. We reward people for making and sustaining healthier choices. But healthy people also need a healthy environment. To learn more please visit our Careers page. #LI-Hybrid
If we are fortunate in receiving a high volume of quality applications we may need to close this vacancy early. If you are interested, please submit your application as soon as possible. #J-18808-Ljbffr
Pricing & Underwriting Governance Analyst employer: Vitality
Contact Detail:
Vitality Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing & Underwriting Governance Analyst
✨Tip Number 1
Familiarise yourself with the underwriting process and pricing strategies used in the insurance industry. Understanding these concepts will help you engage more effectively with stakeholders and demonstrate your keen eye for learning.
✨Tip Number 2
Practice your communication skills by engaging with different teams or groups. Being comfortable in discussions will be crucial, as you'll need to provide accurate responses and build strong relationships across various departments.
✨Tip Number 3
Get hands-on experience with Microsoft Excel, focusing on data management and analysis. Proficiency in this tool is essential for the role, so consider taking online courses or tutorials to enhance your skills.
✨Tip Number 4
Stay updated on current trends and changes in underwriting guidelines. This knowledge will not only help you in your role but also show your commitment to maintaining quality standards within the company.
We think you need these skills to ace Pricing & Underwriting Governance Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the job description. Emphasise your proficiency in Microsoft Office, particularly Excel, and any experience you have in pricing or underwriting.
Craft a Compelling Cover Letter: Write a cover letter that showcases your communication skills and your ability to work with various stakeholders. Mention specific examples of how you've successfully managed tasks similar to those listed in the job description.
Highlight Relevant Qualifications: Clearly state your GCSEs (or equivalent) in Maths and English, as well as any other qualifications that demonstrate your strong reading, writing, and numerical skills. This is crucial for the role.
Showcase Your Attention to Detail: In your application, provide examples of how you've demonstrated a keen eye for detail in previous roles. This could include experiences where you conducted audits or quality assurance reviews, which are key responsibilities in this position.
How to prepare for a job interview at Vitality
✨Showcase Your Analytical Skills
As a Pricing & Underwriting Governance Analyst, you'll need to demonstrate your analytical abilities. Be prepared to discuss how you've used data analysis in previous roles, particularly with Microsoft Excel, to make informed decisions or solve problems.
✨Communicate Clearly with Stakeholders
This role requires effective communication with various teams. Practice explaining complex ideas in simple terms, and be ready to provide examples of how you've successfully collaborated with different stakeholders in the past.
✨Demonstrate Attention to Detail
Given the nature of underwriting and pricing, attention to detail is crucial. Prepare to discuss specific instances where your thoroughness has positively impacted a project or process, ensuring accuracy and compliance with guidelines.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills and decision-making process. Think about potential challenges you might face in this role and how you would approach them, especially regarding pricing and discount evaluations.
