Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Conduct audits on life insurance policies and improve underwriting processes.
- Company: Join Vitality, a multi-award-winning UK insurance brand focused on health and happiness.
- Benefits: Enjoy a competitive salary, bonus schemes, and up to 12% pension contributions.
- Other info: Be part of a diverse team committed to growth and innovation.
- Why this job: Make a real impact in the insurance industry while working remotely with flexible hours.
- Qualifications: Senior underwriter experience with medical and financial knowledge in life cover.
The predicted salary is between 40000 - 50000 £ per year.
Working Pattern - Remote/Home based. Full time, 37.5 hours per week. We are happy to discuss flexible working!
Primary function will be to deliver a post issue underwriting audit programme of policies automatically accepted through VitalityLife's underwriting engine to determine the accuracy of application disclosures. Additionally, responsibilities will include some involvement in the BAU new business underwriting quality audit and the retrospective underwriting of claims.
Key Responsibilities:
- Review monthly random and targeted samples of automated underwriting system decisions, completing findings on the post-issue audit log and issuing a monthly summary report.
- Ascertain the non-disclosure rate of policies across each distribution channel, supporting training and development by identifying and reporting trends where non-disclosure can be improved.
- Liaise with the Automated Underwriting Team to recommend improvements to question sets and/or underwriting philosophy and suggest enhancements to data collection to maintain an effective audit process.
- Report Operational Risks promptly to the Head of Underwriting Quality, discussing mitigation actions, and stay up to date with changes to underwriting philosophy, processes, systems, reinsurance manuals and internal guidelines.
- Provide new business underwriting audits as required and support retrospective underwriting of claims.
Experience:
- Experience at a senior underwriter level with in-depth medical and financial knowledge in respect of Life cover, Serious Illness and Income Protection.
- Good working knowledge of regulatory procedures/requirements within the industry.
- Relevant medical or underwriting qualifications.
Benefits:
- A bonus that regularly rewards you for your performance.
- A pension of up to 12% with matching contributions up to 6% of your salary.
- Our award-winning Vitality health insurance with its own set of rewards and benefits.
- Life Assurance four times annual salary.
- Great career opportunities!
- Help you to be the healthiest you've ever been.
- Help you advance your career by playing to your strengths.
- Give you a voice to help our business grow and make Vitality a great place to be.
- Recognise and reward you with a competitive salary and amazing benefits.
Vitality is a multi-award-winning UK insurance brand, here to make the world a healthier, happier place. Vitality pioneered shared-value insurance. Plus, you get to join our 1.7+ million members with access to our unique health insurance and healthy living programme.
Diversity & Inclusion: At Vitality, we're committed to diversity and inclusion because it's good for our employees, for our business, and for society.
If we are fortunate in receiving a high volume of quality applications we may need to close this vacancy early. If you are interested, please submit your application as soon as possible.
Quality Audit Underwriter in City of London employer: Vitality Corporate Services Limited
Contact Detail:
Vitality Corporate Services Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Quality Audit Underwriter in City of London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those at Vitality. A friendly chat can sometimes lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of underwriting processes and trends. Show us you’re not just a candidate, but someone who’s genuinely interested in improving the audit process.
✨Tip Number 3
Don’t forget to showcase your qualifications and experience during interviews. We want to see how your background aligns with our needs, so be ready to discuss your past roles and achievements.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you’re serious about joining the Vitality team.
We think you need these skills to ace Quality Audit Underwriter in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Quality Audit Underwriter role. Highlight your experience in underwriting and any relevant qualifications. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Knowledge: In your application, demonstrate your understanding of regulatory procedures and underwriting philosophy. We’re keen to see how you can bring your expertise to improve our processes and support our goals.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just a few clicks and you’re done!
How to prepare for a job interview at Vitality Corporate Services Limited
✨Know Your Underwriting Inside Out
Make sure you brush up on your underwriting knowledge, especially around life cover, serious illness, and income protection. Familiarise yourself with the latest regulatory procedures and internal guidelines, as this will show that you're not just qualified but also proactive about staying updated.
✨Prepare for Scenario-Based Questions
Expect to be asked about specific scenarios related to post-issue audits and how you would handle them. Think of examples from your past experience where you've identified trends or improved processes, and be ready to discuss these in detail.
✨Showcase Your Analytical Skills
Since the role involves reviewing samples and reporting findings, be prepared to demonstrate your analytical skills. Bring along examples of reports or audits you've completed in the past, and be ready to explain your thought process and how you arrived at your conclusions.
✨Emphasise Team Collaboration
This position requires liaising with various teams, so highlight your teamwork skills. Share experiences where you've successfully collaborated with others to improve processes or resolve issues, and express your enthusiasm for contributing to a positive team environment.