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For Companies At a Glance
- Tasks: Make fair underwriting decisions and lead team projects to improve processes.
- Company: Join Canada Life UK, a modern and inclusive organisation focused on building better futures.
- Benefits: Enjoy a competitive salary, generous pension, private medical insurance, and flexible working options.
- Why this job: Be part of a dynamic team that values curiosity and innovation in the underwriting field.
- Qualifications: Experience in medical underwriting and strong communication skills are essential.
- Other info: Opportunities for personal and professional development in a supportive environment.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation.
Responsibilities
- 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
- Implement and 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
Qualifications
- 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
Curious and customer focused with an ability to think innovatively.
Strong communicator who can work collaboratively with a wide network of colleagues across Canada Life and externally, including reinsurers. Able to explain complex situations in simple terms and to people at different levels. Able to influence and persuade and respected as an expert.
Confident presenter as will need to be comfortable providing training and coaching to the underwriting population.
The role holder will have previous medical underwriting experience, ideally a minimum of two years, across underwriting operations and development
Good Excel, Word and PowerPoint skills
- Completion or progress towards Diploma in Life and Disability Underwriting, CII or other industry recognised qualifications are desirable.
Benefits
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: Irish Life Group Services Limited
Contact Detail:
Irish Life Group Services Limited 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 people in the industry, attend events, and connect on LinkedIn. The more connections you make, the better your chances of landing that dream job.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios related to underwriting. We can help you with mock interviews to boost your confidence and ensure you're ready to impress.
✨Tip Number 3
Showcase your expertise! Bring examples of your past work or projects to the interview. This will demonstrate your skills and give you an edge over other candidates.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. Plus, it’s a great way to reiterate your interest in the position.
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 for the Standards Underwriter role. Highlight your relevant experience in medical underwriting and any specific skills that match the job description. We want to see how you fit into our team!
Show Off Your Skills: Don’t hold back on showcasing your technical skills, especially with Excel, Word, and PowerPoint. If you've got experience with underwriting processes or have completed any relevant qualifications, let us know! We love seeing candidates who are proactive about their learning.
Be Clear and Concise: When writing your application, keep it clear and to the point. Use simple language to explain your experiences and achievements. Remember, we appreciate strong communicators who can break down complex ideas!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Irish Life Group Services Limited
✨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 Communication Skills
As a standards underwriter, you'll need to explain complex situations in simple terms. Practice articulating your thoughts clearly and concisely. Think about examples where you've successfully communicated with colleagues or stakeholders, and be ready to share those during the interview.
✨Demonstrate Your Problem-Solving Ability
Prepare to discuss how you've identified and managed risks in previous roles. Think of specific instances where you’ve improved processes or provided constructive feedback. This will highlight your proactive approach and ability to think innovatively, which is crucial for this role.
✨Be Ready to Discuss Training and Development
Since part of the role involves providing training and support, come prepared with ideas on how you would approach this. Share any experiences you've had in coaching others and how you can contribute to the development of the underwriting team. This shows that you're not only focused on your own growth but also on uplifting your colleagues.