Risk & Governance Underwriter
Posted 2 days 9 hours ago by Ageas
Job Title: Risk & Governance Underwriter
Target Start Date: ASAP
Contract Type: Permanent, Part Time, Full Time, Job Share option available
Salary Range: £35,000 - £40,000, Depending on experience
Location: Eastleigh - Hybrid, Flexible
Closing Date for applications: Friday 7th November
Risk & Governance Underwriter: Ageas Insurance has an exciting opportunity available for a Risk & Governance Underwriter. You will be heavily involved in the creation and completion of robust and well evidenced fair value assessments at all stages of a product lifecycle, including new product approval, significant change approval, and in-life review.
Purpose: The Risk & Governance Underwriter will contribute to the robust oversight of Ageas' products, and the value they offer to customers. This oversight will cover how Ageas' products are designed, how they operate and are utilised, and how they are distributed to customers.
Responsibilities- You will also be involved in governing how Ageas' products are distributed to customers, how distributors and co-manufacturers meet their regulatory requirements, and the risk appetite of Ageas (including remuneration).
- Contributing to overall reporting, ensuring your areas of focus are added to, and complement, a holistic view of products and distribution. Concerns should be called out at all stages.
- Involvement in recommending appropriate actions to address concerns and improve customer outcomes. Actions may be internal, external, or a combination of the two, and can be investigative, corrective, or preventative in nature.
- Supporting the completion of other regular and ad-hoc regulatory tasks, including, but not limited to, MID compliance.
- Supporting and leading on the management of Risk Events and UW operational risks, as appropriate.
- A good degree of numeracy, analytical skills, and the ability to interpret and present data for a wide audience.
- Ability to interpret detailed information and explain it in a clear and logical way.
- Proactive, self-motivated, and able to work with minimal supervision, with a desire to learn.
- An understanding of the regulatory environment of the insurance market (especially Consumer Duty and PROD) and what may impact Ageas' ability to meet its requirements.
- An understanding of insurance products and their distribution, including how products are designed, sold, and administered, and the relationship between a distributor and manufacturer.
At Ageas we offer a wide range of benefits to support you and your family inside and outside of work. We have achieved Top Employer status in the UK. Benefits include:
- Flexible Working - Smart Working at Ageas gives employees flexibility around location and working patterns; part-time, job-share, and a minimum of 35 days holiday (including bank holidays) with option to buy/sell days.
- Health - Dental Insurance, Health Cash Plan, Health Screening, Will Writing, Voluntary Critical Illness, Mental Health First Aiders, Wellbeing activities.
- Wealth - Annual Bonus Schemes, Annual Salary Reviews, Competitive Pension, Employee Savings, Employee Loans.
- Workplace - Well-being activities, mindfulness sessions, sports and social events, and more.
- Family - Maternity/pregnant parent/primary adopter entitlement of 16 weeks at full pay; paternity/non-pregnant parent/co-adopter entitlement of 8 weeks at full pay.
- Other - Partner Life Assurance and Critical Illness cover, tech deals on gadgets, salary sacrifice schemes for transport, return-to-work programs after maternity leave.
About Ageas: We are one of the largest car and home insurers in the UK. Our people help Ageas to be a thriving, creative, and innovative place to work. We are an inclusive employer and a signatory of the Race at Work Charter, Women in Finance Charter, iCAN, and GAIN. We are committed to inclusive recruitment and providing support and adjustments during the recruitment process. If you are unsure about the support you need, contact our Recruitment Team. We guarantee an interview for applicants with a disability who meet the minimum criteria. For more information, please see Ageas Everyone. We have a zero-tolerance approach towards harassment during recruitment and encourage flexible working arrangements.
Important Notice - Recruitment Scam Alert: We are aware of fraudulent activity where individuals are contacted with fake job offers claiming to be from Ageas. Ageas will never ask for money at any stage of the recruitment process. All legitimate opportunities are listed on our official careers pages. If unsure, contact with the subject FRAUD.