At a Glance
- Tasks: Provide high-quality underwriting assessments and support key activities in the Europe region.
- Company: Join Pacific Life Re, a dynamic and innovative leader in life and health reinsurance.
- Benefits: Enjoy 25 days annual leave, comprehensive healthcare, and wellness initiatives.
- Other info: Embrace diversity and inclusion in a supportive workplace culture.
- Why this job: Make a real impact in a collaborative environment while developing your skills.
- Qualifications: Experience in life underwriting and claims at a senior level is essential.
The predicted salary is between 60000 - 80000 € per year.
The role of Senior Underwriter, Underwriting & Claims Services, Protection, Europe is to provide high quality underwriting assessments and support key underwriting and claims related activities within the underwriting and claims team in the Europe region. As a Senior Underwriter, you will be working closely with the Manager, Underwriting & Claims Services, Protection, Europe & North America to develop and implement an underwriting and claims proposition that meets both client needs as well as being consistent with PL Re’s strategic focus. Additionally, as a Senior Underwriter, you will be expected to assist with the management of a portfolio of insurance and UnderwriteMe partner clients.
- Client Referrals
- Provide high-quality assessments of client referrals in line with agreed risk philosophies, exercising judgment to ensure work is conducted within SLAs. This includes approving referrals that exceed the assessor's delegated authority.
- Continuously challenge current practices and improve processes and documentation.
- Leverage all aspects of Chorus, including portal and cross-regional working, to further optimise underwriting and claims activities.
- Internal Governance, Training, System Enhancement, Ocean Development
- Maintain awareness and understanding of relevant regulatory changes and their impacts on the insurance and reinsurance markets.
- Maintain knowledge of and contribute to the regular maintenance of risk management policies.
- Identify role-relevant knowledge gaps within the team and deliver appropriate training to ensure all identified gaps are fully addressed, resulting in a more skilled and knowledgeable team.
- Lead or serve as SME for Chorus, with responsibility for continuous efficiency gains and user testing of new functionality.
- Support Ocean development work, including client engagement regarding risk philosophy changes and client-requested enhancements.
- Provide informal and formal mentoring/training to develop team members and may supervise the work of others.
- Client Engagement and Training
- Use our deep understanding of clients' businesses and market differentiators to enhance relationships through engagement and training, ensuring client loyalty and satisfaction. Leverage this knowledge to strengthen client partnerships, positioning PL Re as market leaders.
- Client Auditing and UnderwriteMe Rules Auditing
- Audits plans are developed and audits conducted accordingly, including providing support for client activities such as quote due diligence and new client onboarding.
- Participate in, lead, or approve external audits, including the preparation and execution of reports, and the tracking and completion of audit actions. Audit actions include the review and planning of future audits, case referral criteria, cedant authorities, and other related activities.
- UnderwriteMe rules are audited to ensure alignment with risk philosophies and to identify opportunities for improving STA and/or risk selection.
- Client Strategy and Solutions
- Play an active role in developing innovative underwriting and claims solutions for key PMF clients, fostering a client-focused and growth orientated culture. This includes collaborating with Strategic Analytics, UnderwriteMe, Pricing and Client Solutions with a Deal Team mentality to produce desired outcomes.
- Contribute to market strategy by supporting key marketing, business development, and pricing activities including the use of UnderwriteMe data.
- Maintain a strong knowledge of all aspects of UnderwriteMe products and strategy and contribute to the execution of UnderwriteMe’s strategy.
- In collaboration with UnderwriteMe, deliver on the Future of Underwriting and Claims visions including claims engine implementations and supporting the development of the AI Engine.
Qualifications & Experience
- Proven experience working in a life underwriting and claims department in an insurance (or preferably) a reinsurance company environment at a senior level.
- Experience handling underwriting for all major products.
- Competent user status for MS Word, MS Excel and MS Outlook or similar e-mail product.
- Good working knowledge of Life insurance industry regulations.
Working For Pacific Life Re
Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes. Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.
Benefits (Only for Permanent and Fixed Term Employees)
- Leave
- 25 days of annual leave with option to buy/sell more days
- Adoption and fertility leave
- Generous enhanced parental leave
- Healthcare
- Comprehensive private insurance coverage for employee and dependents
- Group Life Insurance coverage of 9x basic annual salary and Group Income Protection up to 75% of basic annual salary
- Optical benefits
- Savings & Retirement
- 15% combined employee/employer contributions
- Wellness
- Subsidized gym membership
- Access to Employee Assistance Program
- Cycle to Work and Electric Car Salary Sacrifice Scheme
- Time off for volunteering
- Charitable matching of employee donations
You Can Be Who You Are
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential. As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.
Pacific Life Re Values
Please click here to view our company values
At Pacific Life Re, our vision is to bring an innovative and dynamic approach to the marketplace. Our global team is not afraid to disrupt and challenge industry thinking to provide the best life and health reinsurance services possible. Working in some of the most complex and fast-moving markets has taught us that knowledge and innovation go hand in hand. Today, we are continuing our rapid growth internationally with offices across Europe, Asia, North America, Australia, and Bermuda. With over 1000 employees across the globe, we take pride in our inclusive culture, underpinned by our values and behaviours, providing an environment where everyone can grow and develop.
Senior Underwriter, Underwriting & Claims Services, Protection, Europe employer: Pacific Asset Management, LLC
At Pacific Life Re, we pride ourselves on being an exceptional employer, offering a vibrant work culture that values diversity and inclusion while fostering individual growth. Our London office provides a supportive environment with comprehensive benefits, including generous leave policies, wellness initiatives, and opportunities for community involvement, ensuring our employees can thrive both professionally and personally.
Contact Detail:
Pacific Asset Management, LLC Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter, Underwriting & Claims Services, Protection, Europe
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and reinsurance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you tailor your responses and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors. Focus on articulating your experience in underwriting and claims services clearly. The more comfortable you are, the better you'll perform when it counts.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us. Let’s get you that Senior Underwriter role!
We think you need these skills to ace Senior Underwriter, Underwriting & Claims Services, Protection, Europe
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Underwriter role. Highlight your relevant experience in underwriting and claims, and don’t forget to showcase any leadership or mentoring roles you've had. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role at Pacific Life Re. Share specific examples of your achievements in underwriting and how they align with our values and goals.
Showcase Your Knowledge:Demonstrate your understanding of the life insurance industry and any relevant regulations in your application. We love candidates who are proactive about staying informed and can bring that knowledge to our team.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets the attention it deserves. 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 Pacific Asset Management, LLC
✨Know Your Underwriting Inside Out
Make sure you brush up on your knowledge of life underwriting and claims processes. Be prepared to discuss specific products you've underwritten and how you've navigated complex cases in the past. This will show that you’re not just familiar with the basics, but that you can handle the intricacies of the role.
✨Showcase Your Client Engagement Skills
Since client relationships are key in this role, think of examples where you've successfully engaged clients or improved their satisfaction. Prepare to share how you’ve used your understanding of client needs to enhance partnerships, as this will demonstrate your ability to contribute to the company's goals.
✨Be Ready to Discuss Regulatory Changes
Stay updated on recent regulatory changes affecting the insurance and reinsurance markets. Be prepared to discuss how these changes impact underwriting practices and how you’ve adapted to them in your previous roles. This shows that you’re proactive and knowledgeable about the industry landscape.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your judgment and decision-making skills. Think through potential challenges you might face in underwriting assessments and how you would approach them. This will help you demonstrate your critical thinking and problem-solving abilities during the interview.
