Underwriter - Annuities & Investment Bonds in Stirling

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.

The Role

We’re building something bigger, and better, that makes delivering change across our organisation easier, smarter and genuinely enjoyable for colleagues. M&G Life supports over 5 million customers with more than £300bn invested across our products, working with partners including Equiniti, Diligenta, Waystone, Paragon, Willis Towers Watson and M&G Global Services. We’re looking for Underwriters to help M&G Life deliver its strategic priorities, for Annuity and Investment Bond products. You will play a key role in supporting the underwriting team by assessing, analysing and processing applications within our Life business. Working closely with senior underwriters and cross-functional teams, you will ensure that all underwriting decisions are robust, compliant, and aligned with company policy and FCA standards. This is an excellent opportunity for someone seeking to advance their underwriting career within a dynamic and collaborative environment.

Key Responsibilities for this Role

• Underwrite a range of financial products, including annuities and investment bonds, ensuring all decisions align with company policies, risk appetite and regulatory requirements.
• Conduct comprehensive risk assessments by reviewing financial, medical and lifestyle data, applying underwriting principles to determine eligibility, pricing and appropriate terms.
• Analyse complex cases and escalate where necessary, providing clear rationale and recommendations to senior underwriters or risk committees.
• Collaborate with internal teams (e.g., Actuarial, Compliance, Operations) and external stakeholders (e.g., advisers, reinsurers) to obtain additional information, resolve queries, and ensure smooth case progression.
• Maintain robust documentation of underwriting decisions, risk assessments and supporting evidence for audit, governance, and reporting purposes.
• Monitor regulatory and market developments impacting annuity and bond products, adapting underwriting practices to remain compliant and competitive.
• Contribute to process improvement initiatives, leveraging data insights and technology to enhance efficiency, accuracy, and customer outcomes.
• Support training and knowledge sharing within the underwriting team, promoting best practices and continuous professional development.

Key Knowledge, Skills & Experience

• Our ideal candidate has strong underwriting experience across life, pensions or investment products.
• You are proactive and adaptable, bringing a continuous improvement mindset and a willingness to take ownership of tasks and outcomes.
• You apply critical thinking to interpret data from multiple sources, using digital underwriting tools and automation to turn complex information into clear insights that support effective commercial decision making.
• Extensive Underwriting experience within Insurance, ideally covering annuity and investment bond products.
• Ideally you will have attained or be progressing towards completing professional underwriting qualifications such as CII, LOMA etc.
• Familiarity with regulatory frameworks such as FCA, PRA and Solvency II, and their application to life and investment products.
• Strong attention to detail, analytical and problem solving skills, with the ability to interpret complex financial and medical information and make sound, evidence based decisions.
• Effective written and verbal communication skills, capable of explaining underwriting decisions clearly to both technical and non-technical audiences.
• Proficient in Microsoft Office Suite, underwriting systems and digital tools.
• Ability to work collaboratively in a team-oriented environment and build strong relationships across functions.
• Demonstrated integrity, sound judgement and commitment to high standards of compliance and customer service.

We’d love to hear from you if you’re someone who’s genuinely curious - the kind of person who asks thoughtful questions and digs a little deeper to understand what’s really going on. You enjoy working with others and naturally bring people together, even when things feel a bit unclear. You think ahead, notice patterns early and stay focused on creating real value for the people around you. Most of all, you care about making things better - for colleagues, for customers, and for the workplace as a whole.

If this sounds like you, we want you to apply!

What we offer:

At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:

• As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions.
• Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.
• Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.
• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G.

We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.

M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: careers@mandg.com