At a Glance
- Tasks: Join us as a Junior Life Medical Underwriter, assessing customer applications and managing risk factors.
- Company: Legal & General is a leading financial services group, supporting millions with savings and protection.
- Benefits: Enjoy competitive salary, performance bonuses, generous holidays, and private medical insurance.
- Why this job: Be part of a culture that values collaboration, diversity, and career development while making a social impact.
- Qualifications: Experience in underwriting protection products and strong communication skills are essential.
- Other info: Flexible working options available; we prioritize your wellbeing and career growth.
The predicted salary is between 36000 - 60000 £ per year.
Company Description Legal & General supports the savings, protection and retirement needs of around 14 million people, through our portfolio of retail and workplace businesses. Our Retail division helps people enjoy a more colourful retirement, both directly and through their employers, including Lifetime Mortgages, Retirement Interest Only Mortgages and financial advice on our range of lending products. We are the UK’s number one individual life insurer, and also provide Group Protection products for employers – all helping people to plan for the unexpected. We support home buying through our Mortgage Club – the UK’s largest – and our award-winning Surveying Services team. And our fintech team finds and supports socially useful start-ups and scale-ups working in the workplace, home, insurance and wealth areas. Joining us means helping create brighter financial futures for all our customers. Job Description We’re recruiting for aJunior Life Medical Underwriterto join us. We’re offering a competitive base salary. Reviewing customer applications to identify risk factors to assess whether we can offer Life, Critical Illness Cover and Income Protection applications. We offer both home based or hybrid opportunities dependant on location, so will be happy to discuss at stage of application. What you’ll be doing: Accurately assessing and documenting life and disability risks by reviewing applications and deciding which terms, if any, can be offered up to the value based on your autonomy level Addressing customer requirements in an efficient and professional manner and ensuring that the agreed service levels are met or exceeded so that exceptional customer experience is delivered Ensuring any requests for further information are appropriate and accurate and commensurate with the risk being assessed, ensuring the customer journey is not impacted unnecessarily Identifying complaints and escalating to an authorised complaints handler so that they are acted upon quickly and root causes highlighted to ensure compliance with complaints response time limits Taking ownership of maintaining an excellent knowledge and understanding of legislative and regulatory requirements Communicating with internal, external customers and third parties in a professional and efficient manner via all methods of communication, ensuring customer satisfaction is maximised and expectations met by obtaining and giving the correct information Qualifications Who we’re looking for: Experience underwriting protection products Thorough understanding of the risk factors for mortality and morbidity, as well as financial Underwriting Extensive knowledge of all protection products Understanding of legislations and regulatory requirements would be preferable Excellent Written and verbal communication skills Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer: The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes Generous pension contribution Life assurance Private medical insurance (permanent employees only) At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday Competitive family leave Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice There are the many discounts we offer – both for our own products and at a range of high street stores and online In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart Additional Information Legal & General is a leading financial services group and major global investor, named Britain’s Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future. We aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone. If you join us, you’ll be part of a welcoming culture, with opportunities to collaborate with people of diverse backgrounds, views and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel. We strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs. If you’re open to find out more, we’d love to hear from you. “videos”:{“title”:”Videos To Watch”,”urls”:[“https://youtu.be/8ZYGBwImH08″,”https://www.youtube.com/watch?v=ZBOaxOH1C2c”,”https://youtu.be/YwHNjdPbbkk”]}}},
Developing Underwriter employer: Legal & General
Contact Detail:
Legal & General Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Developing Underwriter
✨Tip Number 1
Familiarize yourself with the specific risk factors related to mortality and morbidity. Understanding these factors will not only help you in the interview but also demonstrate your expertise in underwriting protection products.
✨Tip Number 2
Engage with current trends in the financial services industry, especially those related to life insurance and underwriting. This knowledge can set you apart during discussions and show that you're proactive about staying informed.
✨Tip Number 3
Prepare to discuss your experience with customer service and how you've handled complaints in the past. Highlighting your ability to maintain a positive customer experience will resonate well with our commitment to exceptional service.
✨Tip Number 4
Showcase your understanding of legislative and regulatory requirements in the underwriting process. Being knowledgeable in this area will demonstrate your readiness to comply with industry standards and contribute to our team's success.
We think you need these skills to ace Developing Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Junior Life Medical Underwriter. Familiarize yourself with the key tasks such as assessing life and disability risks, addressing customer requirements, and maintaining knowledge of legislative and regulatory requirements.
Tailor Your CV: Customize your CV to highlight relevant experience in underwriting protection products. Emphasize your understanding of risk factors for mortality and morbidity, as well as any experience with financial underwriting.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your communication skills and explains why you're a great fit for the role. Mention your ability to deliver exceptional customer experiences and your commitment to maintaining compliance with regulations.
Highlight Relevant Skills: In your application, be sure to highlight your excellent written and verbal communication skills, as well as your extensive knowledge of protection products. This will demonstrate your suitability for the position and align with the company's expectations.
How to prepare for a job interview at Legal & General
✨Understand the Risk Factors
Make sure you have a solid grasp of the risk factors associated with mortality and morbidity. Be prepared to discuss how these factors influence your underwriting decisions.
✨Showcase Your Communication Skills
Since the role involves communicating with customers and third parties, practice articulating your thoughts clearly and professionally. Highlight any previous experiences where you successfully managed customer interactions.
✨Familiarize Yourself with Legislation
Brush up on relevant legislative and regulatory requirements related to life insurance and underwriting. Being knowledgeable in this area will demonstrate your commitment to compliance and customer care.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your decision-making skills in underwriting. Think of examples from your past experience where you had to evaluate risks and make informed decisions.