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 car leasing options.
- Other info: Great career growth opportunities in a supportive environment.
- Why this job: Join a dynamic team and make a real impact on warranty products.
- 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
- 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
- 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.
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.
Graduate Underwriting Analyst employer: PLC D&G Group Limited
Domestic & General is an exceptional employer, offering a dynamic work environment in Wimbledon where inclusivity and employee development are at the forefront. With competitive salaries, generous annual leave, and a range of benefits including health cash plans and a carbon-neutral car leasing scheme, we empower our Graduate Underwriting Analysts to thrive both personally and professionally while making a meaningful 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 practising common questions and scenarios related to underwriting. We recommend doing mock interviews with friends or using online resources to boost your confidence and refine your answers.
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've worked with financial data or solved complex problems in the past. This will help you stand out as a candidate who can deliver insights that shape pricing decisions.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Domestic & General.
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 your numerical and analytical skills, and any relevant experience with financial data. We want to see how you can contribute to our underwriting team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about working with financial data and how your background aligns with our goals at Domestic & General. Keep it engaging and personal!
Showcase Your Skills:Don’t forget to mention your strong Excel skills and any experience with budgeting or forecasting. We love candidates who can demonstrate their ability to develop financial models and provide insights that drive decisions.
Apply Through Our Website:We encourage you to apply through our website for the best chance of success. It’s straightforward and ensures your application goes directly to us. Plus, we can’t wait to see what you bring to the table!
How to prepare for a job interview at PLC D&G Group Limited
✨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’ve used data analysis in your studies or previous roles. Familiarise yourself with key concepts like budgeting and forecasting, as these will likely come up during the interview.
✨Excel is Your Best Friend
Strong Excel skills are a must for this role. Before your interview, practice creating financial models and using functions that are relevant to underwriting. You might even be asked to demonstrate your Excel skills, so having a few examples ready can really set you apart from other candidates.
✨Understand the Business
Do your homework on Domestic & General and their warranty products. Understand how they operate in different markets and what challenges they face. This knowledge will not only help you answer questions more effectively but also show your genuine interest in the company and the role.
✨Communicate Clearly
As an Underwriting Analyst, you'll need to liaise with various teams. Practice articulating your thoughts clearly and concisely. Prepare to discuss how you've collaborated with others in the past and how you can bring that teamwork spirit to Domestic & General.
