Risk & Governance Underwriter

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 Dependant on experience

Location: Eastleigh, Bournemouth or Gloucester - Hybrid, Flexible

Closing Date for applications: Monday 23rd June

Risk & Governance Underwriter:

Ageas Insurance has an exciting opportunity available for a Risk & Governance Underwriter. As 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's lifecycle, which will encompass new product approval, significant change approval, and in-life review.

The Risk & Governance Underwriter will contribute to the robust oversight of Ageas' products, and the value they offer to our customers. This oversight will cover how Ageas' products are designed, how they operate and are utilised, and how they are distributed to customers.

Main Responsibilities as Risk & Governance Underwriter:

• You will also be involved in governing how Ageas' products are distributed to customers, and how distributors and co-manufacturers meet their own regulatory requirements, and the risk appetite of Ageas (including, but not limited to, 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.

Skills and experience you need as Risk & Governance Underwriter:

• A good degree of numeracy, alongside 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.

Benefits at Ageas:

• Flexible Working - Smart gives employees flexibility around location (within the UK) and work hours to manage commitments, including part-time/job-share options. Minimum of 35 days holiday (including bank holidays), with options to buy and sell days.
• Health Support - Dental Insurance, Health Cash Plan, Health Screening, Will Writing, Voluntary Critical Illness, Mental Health First Aiders, Well Being Activities.
• Wealth Support - Annual Bonus Schemes, Salary Reviews, Pension, Employee Savings, Loans.
• Workplace Support - Well-being activities, mindfulness, sports and social events.
• Family Benefits - Maternity/pregnant parent/primary adopter leave (16 weeks full pay), paternity/non-pregnant parent/co-adopter leave (8 weeks full pay).
• Additional Benefits - Partner Life Assurance, Critical Illness cover, Tech deals, Car Salary Exchange, Cycle Scheme, Vehicle Breakdown Cover.
• Return to Work - Support programs after maternity leave.

About Ageas:

We are one of the largest car and home insurers in the UK. Our people help us be a thriving, innovative company serving over four million customers. We are committed to diversity and inclusion, being a signatory of the Race at Work Charter and Women in Finance Charter, and a Disability Confident Leader. We promote fair recruitment and support adjustments for applicants with disabilities. We guarantee interviews for applicants with disabilities meeting the role's minimum criteria.

We have a zero-tolerance policy towards harassment and aim to be an inclusive workplace. Most roles allow flexible working arrangements, including working from home part of the time. For more about us, visit our website.

Important Notice - Recruitment Scam Alert:

Beware of scams offering fake jobs claiming to be from Ageas. We will never ask for money during the recruitment process. All legitimate opportunities are listed on our official careers pages. Contact if you suspect fraud.