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- Tasks: Join a dynamic team to develop and enhance underwriting processes across the Insurance Division.
- Company: Canada Life, a leader in insurance with a commitment to diversity and inclusion.
- Benefits: Competitive salary, generous pension, private medical insurance, and flexible working options.
- Why this job: Make a real impact by shaping underwriting standards and supporting your colleagues' growth.
- Qualifications: Experience in medical underwriting and a proactive approach to learning and development.
- Other info: Opportunities for personal and professional growth in a supportive and inclusive environment.
The predicted salary is between 36000 - 60000 ÂŁ per year.
Job Summary
The role holder will become a core member of the centralised Underwriting Research, Development and Standards team of subject matter experts responsible for the development of underwriting philosophy and processes that will apply across the Insurance Division. This includes ensuring the relevant risks and control processes, documentation and approvals processes are in place, communicated across the company\’s underwriter population and are adhered to.
What You’ll Do
- Provide fair and balanced underwriting decisions within own authority limits assessing initial applications, additional medical or other underwriting evidence and team referrals
- Develop and review different underwriting philosophies and processes, identifying any improvements and changes required Deliver on Underwriting standards, risks and controls
- Review appropriate controls/limits/evidence requirements to ensure risks are accepted in line with company and industry guidelines.
- Lead on relevant team projects and be responsible for their delivery. This may range from small to medium projects that will be allocated based on the strengths and capacity of team members.
- Provide training as required to the operations teams/underwriter population. Identifying areas where they feel training is required to upskill and agree the best way to provide the training
- Provide guidance and support to the operations teams on processes and complex cases. Being available to provide guidance and coaching to less experienced underwriters as well as being a second opinion and able provide an objective view on cases when appropriate. Using their expert knowledge to provide guidance on more complex cases.
- Review underwriting decisions for quality sampling, assess accuracy and provide appropriate feedback in line with underwriting philosophy. Raising any concerns over standards appropriately. The individual must be capable of providing objective and constructive feedback and know when and how to do so.
- Effectively identify and report risks and risk events in line with agreed polices and be able to suggest ways to measure, monitor and manage.
- Work within and support the UnderwritingRDS team to deliver on team objectives and support the Chief Underwriter as required.
- Manage relationships where appropriate with stakeholders, internal and external, including, reinsurers, third party providers, Chief Medical Officer.
- Maintain a high level of underwriting knowledge to provide advice, guidance, training & support to the operational teams and senior management
Who You Are
Excellent Technical Medical Underwriter
- Experience of working within a medical underwriting team and making an accurate assessment of medical and other underwriting evidence
- Detailed understanding of medical underwriting risk factors.
- Able to underwrite for multiple product lines, including enhanced annuity products.
- Full understanding of industry standards including the ABI\’s Statement of Best Practice including genetics, and how they apply.
- Fully conversant with underwriting manuals and processes.
- Ability to develop and review different underwriting philosophies and processes making necessary comments and changes
- Ability to audit underwriting decisions and provide feedback
- To provide fair and balanced underwriting decisions within own authority limits
- Detailed understanding of the company\’s products which require underwriting input.
- Maintains underwriting knowledge with industry and market changes.
- Proactive approach to your own learning and development is expected to ensure that Underwriting practices and skills are continually improved.
Qualifications
- Completion or progress towards Diploma in Life and Disability Underwriting, CII or other industry recognised qualifications are desirable.
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.
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Standards underwriter employer: Conception X Enr.
Contact Detail:
Conception X Enr. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Standards underwriter
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Canada Life on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your underwriting knowledge. Make sure you can discuss medical underwriting risk factors and how they apply to different product lines. We want to see your expertise shine!
✨Tip Number 3
Showcase your soft skills! Being able to provide constructive feedback and support to less experienced underwriters is key. Think of examples from your past where you've done this successfully.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team at Canada Life.
We think you need these skills to ace Standards underwriter
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in medical underwriting and how it aligns with the role. We want to see how your skills fit into our underwriting philosophy and processes!
Showcase Your Expertise: Don’t hold back on sharing your knowledge of underwriting standards and risk factors. We’re looking for someone who can demonstrate a detailed understanding of the industry, so let us know what you know!
Be Clear and Concise: When writing your application, keep it straightforward and to the point. We appreciate clarity, especially when it comes to your past experiences and how they relate to the role of Standards Underwriter.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Conception X Enr.
✨Know Your Underwriting Stuff
Make sure you brush up on your medical underwriting knowledge before the interview. Understand the key risk factors and how they apply to different product lines, especially enhanced annuity products. Being able to discuss these confidently will show that you're not just familiar with the basics but also ready to tackle complex cases.
✨Showcase Your Problem-Solving Skills
Be prepared to discuss specific examples where you've identified improvements in underwriting processes or philosophies. Think about times when you’ve had to make fair and balanced decisions under pressure. This will demonstrate your ability to lead projects and provide constructive feedback effectively.
✨Communicate Clearly
Since the role involves training and guiding less experienced underwriters, practice articulating your thoughts clearly. You might be asked to explain a complex underwriting decision or process during the interview, so being able to communicate your ideas simply and effectively is crucial.
✨Understand the Company Culture
Familiarise yourself with Canada Life's values and culture. They emphasise curiosity, collaboration, and inclusivity. Be ready to share how your personal values align with theirs and how you can contribute to their mission of building better futures for their customers and community.