At a Glance
- Tasks: Analyse financial data to forecast insurance policy performance and support business decisions.
- Company: Fast-growing company with a focus on inclusivity and employee development.
- Benefits: Competitive salary, generous leave, health cash plan, and pension scheme.
- Other info: Exciting career growth opportunities in a supportive environment.
- Why this job: Join a dynamic team and make a real impact in the insurance industry.
- Qualifications: Numerically focused degree and strong analytical skills required.
The predicted salary is between 25000 - 32000 £ per year.
Are you looking for an opportunity to work with financial data to analyse and forecast insurance policy performance and support critical business decisions? If so, this could be a great opportunity for you to secure an entry-level position in our Underwriting team. Domestic & General is a fast‑growing business operating in 14 different countries. We impact our customer’s lives by protecting the appliances at the heart of every home and reduce waste by extending the life of everyday appliances and devices. We are committed to being a fantastic place to work and have gained recognition for this and our focus on inclusivity and development, in a number of awards and programmes.
Key Responsibilities:
- Maximising the profitability and exceeding internal budgets for our warranty business.
- Reporting, forecasting and managing the profitability of new and existing lines of warranty business across corporate and consumer products.
- Delivering insights that shape pricing decisions.
- Managing a portfolio of warranty products and accounts and analysing their performance against cost, margin and loss targets.
- Setting viable pricing structures for new and existing warranty business.
- Ensuring pricing, commercial arrangements and product design of warranty business deliver against cost and target margins, through accurate costing and modelling.
- Producing long‑term projections of expected performance.
- Assessing and advising on warranty product risk.
- Liaising with all commercial areas of the D&G business to deliver profitable warranty products.
- Applying appropriate regulatory requirements including GDPR.
- Developing and delivering creative solutions to complex warranty design problems.
About You
We would love to hear from you if you can demonstrate the following:
- Graduate with a numerically, analytically or financially focused degree.
- Knowledge of budgeting, forecasting and pricing processes.
- Familiarity with concepts such as credit / financial / investment risk and other actuarial concepts.
- Strong numerical skills and a passion for working with financial data.
- Strong Excel skills and the ability to develop financial models.
- Strong communication skills and the ability to work independently whilst collaborating with different teams across the business.
We offer lots of great benefits!
- Competitive salary and annual discretionary bonus.
- 25 days annual leave plus bank/public holidays, as well as an annual option to buy up to 5 additional days of annual leave.
- Life assurance - employer funded cover of 4x basic salary.
- Health cash plan - employer funded cover to enable you to claim money back on essential healthcare costs, including dental, optical, physiotherapy and many more.
- Cover also includes unlimited access to a 24/7 virtual GP service.
- Attractive company pension scheme.
- Car Leasing - access to a carbon neutral salary sacrifice car leasing scheme, with an all-inclusive monthly cost covering all charge, taxes, insurance, repairs and maintenance on a range of brand‑new vehicles.
- Cycle to Work - tax efficient bike and cycling equipment worth up to £1,000.
- Employee Assistance Programme - specialist advice and support on issues such as finance, relationships, illness and family issues.
- Free Domestic & General protection plan - one free plan each year with access to discounted rates of up to 50% on additional plans, including referrals for family and friends.
Domestic & General are an equal opportunities employer which means we treat people fairly. We welcome applications from all suitably skilled persons regardless of their gender, age, race, disability, ethnic background, religion/belief, sexual orientation, gender reassignment or marital/family status. Please note that we have a thorough referencing process, which includes criminal record, credit and reference checks. At Domestic & General, we are proud of our 100‑year legacy and excited about our future growth plans. We are expanding our horizons, entering new markets and territories internationally and we need your expertise to help us on the journey.
Graduate Underwriting Analyst employer: Domestic & General
Domestic & General is an exceptional employer, offering a dynamic work environment in Wimbledon where you can kickstart your career as a Graduate Underwriting Analyst. With a strong commitment to inclusivity and employee development, we provide numerous benefits including competitive salaries, generous annual leave, and access to health and wellness programmes. Join us to be part of a fast-growing company that values your contributions and supports your professional growth while making a positive impact on customers' lives.
StudySmarter Expert Advice🤫
We think this is how you could land Graduate Underwriting Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and practising common questions. We recommend using the STAR method to structure your answers, so you can showcase your skills and experiences effectively.
✨Tip Number 3
Don’t just apply and wait! Follow up on your applications with a friendly email. It shows your enthusiasm and keeps you on their radar. Plus, it’s a great way to ask if they need any more info from you.
✨Tip Number 4
Check out our website for the latest job openings. We’re always looking for fresh talent, and applying directly through us can give you a better chance of landing that dream role!
We think you need these skills to ace Graduate Underwriting Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Graduate Underwriting Analyst role. Highlight any relevant coursework or projects that showcase your analytical skills and familiarity with financial data. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your skills can contribute to our team. Be sure to mention your strong numerical skills and any experience with budgeting or forecasting.
Show Off Your Excel Skills:Since strong Excel skills are a must, consider including examples of how you've used Excel in your studies or previous roles. Whether it's building financial models or analysing data, we want to know how you can leverage these skills in our underwriting team.
Apply Through Our Website:Don't forget to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, it shows you're keen on joining our fantastic team at Domestic & General. We can't wait to hear from you!
How to prepare for a job interview at Domestic & General
✨Know Your Numbers
As a Graduate Underwriting Analyst, you'll be working with financial data, so brush up on your numerical skills. Be prepared to discuss how you would analyse and forecast insurance policy performance. Familiarise yourself with key metrics and concepts related to budgeting and pricing.
✨Excel is Your Best Friend
Strong Excel skills are a must for this role. Before the interview, practice creating financial models and using advanced functions. You might even want to prepare a quick example of how you've used Excel in your studies or previous work to showcase your abilities.
✨Understand the Business
Research Domestic & General and their warranty products. Understand their market position and how they impact customers' lives. This knowledge will help you answer questions about how you can contribute to maximising profitability and shaping pricing decisions.
✨Communicate Clearly
Strong communication skills are essential, especially when liaising with different teams. Practice explaining complex ideas simply and clearly. Think about examples from your experience where you successfully collaborated with others to solve problems or deliver insights.
