At a Glance
- Tasks: Manage and enhance Life, Income Protection, and Critical Illness schemes while building strong partnerships.
- Company: Dynamic insurance firm offering a hybrid work environment and market-leading benefits.
- Benefits: Enjoy a competitive salary, bonus, flexible hours, and a fantastic pension scheme.
- Other info: Be part of a vibrant culture with opportunities for professional growth and development.
- Why this job: Join a team where your expertise shapes innovative protection products and drives real impact.
- Qualifications: Experience in Protection products and risk assessment with strong relationship-building skills.
The predicted salary is between 51750 - 63250 £ per year.
- Bishopsgate, United Kingdom | Posted on 02/06/2025
- Bonus of 10-15% of total salary
- Monday to Friday 9am-5pm
- Hybrid working options
- Market leading pension, perks and benefits
- Job Summary
Responsible for the profitable acquisition and retention of Life, Income Protection, and Critical Illness schemes by serving as the primary point of contact for Scheme Underwriting both internally and externally.
Key Responsibilities
- Determine pricing for corporate benefit schemes by applying sound judgment to assess risks such as geographic location, industry type, occupational hazards, catastrophe exposure, and claims history.
- Build and maintain strong relationships with key strategic partners, including multinational pooling networks.
- Enhance departmental expertise in Scheme Underwriting by delivering coaching, training, and maintaining knowledge standards through licensing.
- Act as a central source of support and guidance on products and procedures for internal teams and external clients, ensuring adherence to policy terms, legislation, and best practices.
- Analyse portfolio performance and industry trends to recommend improvements to underwriting practices, incorporating feedback and claims data.
- Support the evolution and refinement of Protection products and pricing models.
- Develop and implement customer-centric propositions that align with and exceed profitability objectives.
- Stay abreast of industry developments to ensure competitiveness in the Protection market.
- Continuously monitor legislative changes affecting Protection policies to ensure ongoing compliance.
Requirements
- Deep understanding of Protection products, pricing structures, and terms, with a strong awareness of how these offerings align with broader benefit programs.
- In-depth knowledge of the Protection market, including industry trends and competitor activity.
- Experienced in risk assessment with significant pricing authority.
- Adaptive and innovative, capable of addressing complex customer requirements.
- Strong relationship-builder, able to engage with internal stakeholders effectively and external partners to meet business goals.
- Skilled negotiator, balancing client acquisition and retention with profitability objectives.
- Confident external representative, with the ability to present effectively to advisers and clients.
- Creative problem-solver with a track record of leading and contributing to strategic projects.
- Proficient in collecting, analysing, and presenting management information to inform business decisions.
- Identifies opportunities for product development and proposes data-driven solutions using market and technical insights.
- Communicates technical information clearly to support departmental and organisational learning.
- Collaborates effectively across departments, leveraging broad knowledge and expertise.
- Additional leave
- Company events
- Company pension
- Cycle to work scheme
- Discounted or free food
- Flexitime
- Life insurance
- Private medical insurance
- Work from home
Scheme Underwriting Specialist employer: Bradley David Associates
Bradley David Associates is an excellent employer for logistics professionals, offering a dynamic work environment in the bustling port town of Felixstowe. With a strong focus on employee development and a collaborative culture, team members are encouraged to grow their skills and advance their careers while contributing to the success of the freight forwarding business. The company values innovation and teamwork, making it a rewarding place for those looking to make a meaningful impact in the logistics sector.
StudySmarter Expert Advice🤫
We think this is how you could land Scheme Underwriting Specialist
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Bradley David Associates). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Bradley David Associates. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Scheme Underwriting Specialist
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Bradley David Associates.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Bradley David Associates. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Bradley David Associates
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Bradley David Associates to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Bradley David Associates, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Bradley David Associates's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
