At a Glance
- Tasks: Underwrite life insurance cases and support key partners with effective communication.
- Company: Join Discovery, a leader in health innovation and positive societal change.
- Benefits: Competitive salary, dynamic work environment, and opportunities for personal growth.
- Other info: Embrace a culture of learning and collaboration with excellent career prospects.
- Why this job: Make impactful decisions while working in a fast-paced, supportive team.
- Qualifications: Experience in finance or insurance; medical knowledge is a plus.
The predicted salary is between 36000 - 60000 £ per year.
About Discovery
Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.
About the VitalityLife Underwriting Team
A dynamic team with a wealth of knowledge which we eagerly share. We strive to be the best in the market, living the Discovery values. Our motto is best terms first – right decision...first time...on time...every time.
Key Purpose
To underwrite all cases for VitalityLife, our UK based Life Insurance company, within authority limits and all benefits taking into account medical, financial, territorial and vocational risks of new and existing business. To support dedicated Key Distribution partners and advisors through various communication channels. To underwrite more complex cases which could include medical reports, aviation questionnaires, etc.
Areas of responsibility may include but not limited to:
- Building effective relationships with brokers, franchises and our internal system department to ensure successful execution of our deliverables and targets.
- Make effective decisions by applying underwriting knowledge and experience to ensure that the risks involved have been weighed up.
- Ensuring that the Underwriting system is efficient and effective by reporting systems difficulties to the relevant systems team.
- Demonstrate a bias for speed and execution in assessing and underwriting a minimum of 50 cases per day to ensure outcomes are delivered.
- Conduct accurate underwriting requirement setting within SLA in order to meet objectives.
- Make Underwriting decisions on Level 1 and Level 2 cases for effective problem solving.
- Deal with underwriting related queries on the broker and franchises for better service delivery.
- Managing the underwriting production for the first pass and level 1 (Path) work and to make sure SLAs are met in order to ensure a smooth flow in the system.
Personal Attributes and Skills
- Nimble learning
- Optimizes work process
- Directs Work
- Decision Quality
- Deciding and initiating action
- Applying Expertise and Technology
- Analysing
- Delivering Results and Meeting Customer Expectations
- Adhering to Principles and Values
- Persuading and influencing
- Coping with extreme pressure and setbacks
- Presenting and Communicating Information
Education and Experience
- Medical Diploma is advantageous
- 3 years' experience in a financial Industry
Knowledge:
- Understanding VitalityLife products Advanced
- Financial Principles and Interpretation Intermediate
- UK specific insurance legislation Intermediate
- Medical Conditions Intermediate
- Understanding of Risk Management
Skills:
- Computer literacy (MS word, Excel) Intermediate
- Decision making / Independent thinking Intermediate
- Analysis of Information Intermediate
EMPLOYMENT EQUITY
The Company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.
Underwriter in London employer: Discovery Limited
At Discovery, we pride ourselves on being an exceptional employer that champions health and well-being while fostering a dynamic and innovative work culture. Our VitalityLife Underwriting Team is dedicated to supporting employee growth through continuous learning and collaboration, ensuring that every team member can thrive in their role. With a commitment to making a meaningful impact in society, we offer a fast-paced environment where your contributions are valued and recognised.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter in London
✨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 Discovery Limited). 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 Discovery Limited. 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 Underwriter in London
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 Discovery Limited.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Discovery Limited. 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 Discovery Limited
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Discovery Limited 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 Discovery Limited, 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 Discovery Limited'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.
