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- Tasks: Conduct audits on automated underwriting policies and improve processes.
- Company: Join Vitality, a multi-award-winning UK insurance brand.
- Benefits: Enjoy a competitive salary, bonuses, health insurance, and a generous pension scheme.
- Other info: Flexible working hours and great career advancement opportunities await you!
- Why this job: Make a real impact in the insurance industry while working remotely.
- Qualifications: Experience in underwriting with relevant medical or financial qualifications.
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.
- Award-winning Vitality health insurance with its own set of rewards and benefits.
- Life Assurance of 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.
Underwriter- Remote 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 Underwriter- Remote in City of London
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Vitality through LinkedIn. A friendly chat can give us insider info on the company culture and maybe even a referral!
✨Tip Number 2
Prepare for the interview by brushing up on your underwriting knowledge. We should be ready to discuss specific cases and how we’d handle them, especially around non-disclosure rates and audit processes.
✨Tip Number 3
Show off our passion for health and wellness! Vitality loves candidates who align with their mission. Let’s share how we can contribute to making the world a healthier place during our conversations.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure our application gets seen. Plus, it shows we’re serious about joining the team at Vitality.
We think you need these skills to ace Underwriter- Remote in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role. Highlight your experience in underwriting, especially any work with automated systems or audits. 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 underwriting and how you can contribute to our team. Be sure to mention any relevant qualifications or experiences that set you apart.
Showcase Your Knowledge: In your application, demonstrate your understanding of regulatory procedures and underwriting philosophy. We love candidates who are up-to-date with industry trends and can bring fresh ideas to the table!
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 this exciting opportunity. We can’t wait to hear from you!
How to prepare for a job interview at Vitality Corporate Services Limited
✨Know Your Underwriting Stuff
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 these will likely come up during the interview.
✨Showcase Your Analytical Skills
Since the role involves reviewing automated underwriting decisions and identifying trends, be prepared to discuss your analytical skills. Bring examples of how you've successfully audited or improved processes in previous roles, and be ready to explain your thought process.
✨Be Ready to Discuss Improvements
The job requires liaising with the Automated Underwriting Team to suggest enhancements. Think about any past experiences where you’ve recommended changes that led to better outcomes. This shows you’re proactive and invested in continuous improvement.
✨Emphasise Your Team Spirit
Vitality values collaboration, so highlight your ability to work well in a team. Share examples of how you’ve contributed to team success in the past, especially in training or mentoring others, as this aligns with their commitment to development and inclusion.