At a Glance
- Tasks: Provide high-quality underwriting assessments and support key activities in the Europe region.
- Company: Join Pacific Life Re, a leader in insurance and reinsurance with a focus on innovation.
- Benefits: Enjoy 25 days annual leave, healthcare, wellness programs, and a supportive work-life balance.
- Other info: Be part of a diverse team that values your unique qualities and supports your ambitions.
- Why this job: Make a real impact in the insurance industry while developing your skills and career.
- Qualifications: Experience in life underwriting and claims, with strong knowledge of industry regulations.
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)
- 25 days of annual leave with option to buy/sell more days
- Adoption and fertility leave
- Generous enhanced parental leave
- 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
- 15% combined employee/employer contributions
- 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.
Senior Underwriter, Underwriting & Claims Services, Protection, Europe in London employer: Pacific Life Re
At Pacific Life Re, we pride ourselves on being an exceptional employer that values the unique contributions of each team member. Our supportive work culture fosters professional growth through continuous training and mentoring, while our commitment to work-life balance is reflected in our generous benefits package and engaging social activities. Located in Europe, this role offers the opportunity to be part of a dynamic team dedicated to innovation in underwriting and claims services, ensuring both personal and professional fulfilment.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter, Underwriting & Claims Services, Protection, Europe in London
✨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 PL Re’s values and recent projects. Tailor your responses to show how your experience aligns with their goals. Practise common interview questions and think of examples that highlight your skills in underwriting and client engagement.
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way. Mention something specific from your conversation to remind them of your enthusiasm and fit for the Senior Underwriter role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining our team at PL Re. Let’s get you that Senior Underwriter position!
We think you need these skills to ace Senior Underwriter, Underwriting & Claims Services, Protection, Europe in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Senior Underwriter role. Highlight your relevant experience in life underwriting and claims, and show how you can contribute to our team at StudySmarter.
Showcase Your Skills:Don’t just list your qualifications; demonstrate how your skills align with the job description. Use specific examples from your past work that illustrate your ability to handle underwriting assessments and client engagement.
Be Clear and Concise:Keep your application straightforward and to the point. We appreciate clarity, so avoid jargon and ensure your writing is easy to read. This will help us see your potential quickly!
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Pacific Life Re
✨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 worked with and how you've handled complex cases. This will show that you’re not just familiar with the basics, but that you can also navigate the intricacies of underwriting.
✨Demonstrate Client Engagement Skills
Since client relationships are key in this role, think of examples where you've successfully engaged with clients or improved their satisfaction. Prepare to share how you’ve used your understanding of client needs to enhance partnerships, as this will highlight your ability to contribute to client loyalty.
✨Showcase Your Problem-Solving Abilities
Be ready to discuss times when you’ve challenged current practices or improved processes. Think about specific instances where your judgement made a difference in risk assessment or claims management. This will demonstrate your proactive approach and ability to drive efficiency.
✨Familiarise Yourself with Regulatory Changes
Stay updated on relevant regulatory changes affecting the insurance and reinsurance markets. Bring up any recent changes you’ve encountered and how they impacted your work. This shows that you’re not only knowledgeable but also committed to maintaining compliance and best practices.
