Vitality
Pricing & Underwriting Governance Analyst
Job Location
Parkstone, United Kingdom
Job Description
About The Role
Team – Implementation & Governance
Working Pattern - Hybrid – 2 days per week in the Vitality Bournemouth Office. Full time, 35 hours per week.
We are happy to discuss flexible working!
What this role is all about:
As a Pricing & Underwriting Governance Analyst, you will QA the person, SME and Large Corporate Underwriting processes for new and existing business, ensuring all risks placed with VitalityHealth are priced appropriately and fulfil the acceptance and risk assessment criteria for both new and existing business as set out in the SME and Large Corporate Underwriting Philosophies.
You will provide a focal point for all pricing queries across the business, providing timely and accurate answers in accordance to the pricing principles.
Key Actions
Carry out underwriting audits, QA and bi-annual testing to assess adherence to the Large Corporate Underwriting Philosophy.
Produce monthly QA reports for new and existing business, and discuss QA results with relevant stakeholders.
Undertake all QA required for an Underwriter to increase their underwriting licence and provide your recommendation based on the QA undertaken.
Review the scoring mechanisms for all areas of underwriting on an adhoc basis as and when significant changes are made to the Underwriting Philosophies or learnings from the QA process are reducing.
Be an expert on Underwriting Guidelines/ Philosophies to ensure accurate undertaking of role.
Update relevant logs or databases maintained accurately to ensure management information can be produced.
Respond accurately to requests received verbally and through the mailbox in line with published service levels, including the provision of rate cards.
Accurately invite all renewals including monthly renewal checks, weekly / daily releases, and provision of all accompanying spreadsheets.
Undertake and support ad-hoc duties as and when these arise including but not limited to the gathering of monthly competitor information.What do you need to thrive?
Good numeracy and literacy skills.
Dynamic and resilient with an desire to work in an innovative and change oriented environment.
Experience of reviewing colleagues work and discussing any identified concerns.
Excellent organisational and communication skills, being able to manage multiple priorities and plan own workload effectively.
Experienced using Microsoft Office applications in particular MS Excel to organise and analyse data through defined processes or on an ad-hoc basis where needed.
Able to maintain confidentiality in a commercially sensitive environment.
Excellent verbal and written communications including the ability to engage with large groups and explain complex issues to all audiences.So, what’s in it for you?
Bonus Schemes – A bonus that regularly rewards you for your performance
A pension of up to 12%– We will match your 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 salaryThese are just some of the many perks that we offer! To view the extensive range of benefits we offer, please visit our careers page. Fantastic Benefits. Exciting rewards. Great career opportunities!
If you are successful in your application and join us at Vitality, this is our promise to you, we will:
Help you to be the healthiest you’ve ever been.
Create an environment that embraces you as you are and enables you to be your best self.
Give you flexibility on how, where and when you work.
Help you advance your career by playing you to your strengths.
Give you a voice to help our business grow and make Vitality a great place to be.
Give you the space to try, fail and learn.
Provide a healthy balance of challenge and support.
Recognise and reward you with a competitive salary and amazing benefits.
Be there for you when you need us.
Provide opportunities for you to be a force for good in society.We commit to all these things because we want you to feel that you belong, and are supported to be happy and healthy.
About The Company
We're really excited to announce that we have recently been awarded "Top 10 Best Places To Work" in The Sunday Times Awards 2024!
Vitality is a multi-award-winning UK insurance brand, here to make the world a healthier, happier place.
We’ve been a purpose and values-driven business from day 1- long before it became fashionable. Our core purpose is to make people healthier and enhance protect their lives. Vitality pioneered shared-value insurance. We incentivise people to live healthier longer lives – they benefit, our business benefits, and society benefits. We’re successful because we attract, develop, and retain the best people – and because we care.
Plus, you get to join our 1.7+ million members with access to our unique health insurance and healthy living programme. Just to make sure you know our products inside and out.
Diversity & Inclusion
We’re committed to diversity and inclusion because it’s good for our employees, for our business, and for society. To learn more please visit our Careers page.
Vitality’s approach to sustainability
Vitality is a business that drives positive change. We reward people for making and sustaining healthier choices. But healthy people also need a healthy environment. To learn more please visit our Careers page. #
If we are fortunate in receiving a high volume of quality applications we may need to close this vacancy early
Location: Parkstone, GB
Posted Date: 11/27/2024
Team – Implementation & Governance
Working Pattern - Hybrid – 2 days per week in the Vitality Bournemouth Office. Full time, 35 hours per week.
We are happy to discuss flexible working!
What this role is all about:
As a Pricing & Underwriting Governance Analyst, you will QA the person, SME and Large Corporate Underwriting processes for new and existing business, ensuring all risks placed with VitalityHealth are priced appropriately and fulfil the acceptance and risk assessment criteria for both new and existing business as set out in the SME and Large Corporate Underwriting Philosophies.
You will provide a focal point for all pricing queries across the business, providing timely and accurate answers in accordance to the pricing principles.
Key Actions
Carry out underwriting audits, QA and bi-annual testing to assess adherence to the Large Corporate Underwriting Philosophy.
Produce monthly QA reports for new and existing business, and discuss QA results with relevant stakeholders.
Undertake all QA required for an Underwriter to increase their underwriting licence and provide your recommendation based on the QA undertaken.
Review the scoring mechanisms for all areas of underwriting on an adhoc basis as and when significant changes are made to the Underwriting Philosophies or learnings from the QA process are reducing.
Be an expert on Underwriting Guidelines/ Philosophies to ensure accurate undertaking of role.
Update relevant logs or databases maintained accurately to ensure management information can be produced.
Respond accurately to requests received verbally and through the mailbox in line with published service levels, including the provision of rate cards.
Accurately invite all renewals including monthly renewal checks, weekly / daily releases, and provision of all accompanying spreadsheets.
Undertake and support ad-hoc duties as and when these arise including but not limited to the gathering of monthly competitor information.What do you need to thrive?
Good numeracy and literacy skills.
Dynamic and resilient with an desire to work in an innovative and change oriented environment.
Experience of reviewing colleagues work and discussing any identified concerns.
Excellent organisational and communication skills, being able to manage multiple priorities and plan own workload effectively.
Experienced using Microsoft Office applications in particular MS Excel to organise and analyse data through defined processes or on an ad-hoc basis where needed.
Able to maintain confidentiality in a commercially sensitive environment.
Excellent verbal and written communications including the ability to engage with large groups and explain complex issues to all audiences.So, what’s in it for you?
Bonus Schemes – A bonus that regularly rewards you for your performance
A pension of up to 12%– We will match your 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 salaryThese are just some of the many perks that we offer! To view the extensive range of benefits we offer, please visit our careers page. Fantastic Benefits. Exciting rewards. Great career opportunities!
If you are successful in your application and join us at Vitality, this is our promise to you, we will:
Help you to be the healthiest you’ve ever been.
Create an environment that embraces you as you are and enables you to be your best self.
Give you flexibility on how, where and when you work.
Help you advance your career by playing you to your strengths.
Give you a voice to help our business grow and make Vitality a great place to be.
Give you the space to try, fail and learn.
Provide a healthy balance of challenge and support.
Recognise and reward you with a competitive salary and amazing benefits.
Be there for you when you need us.
Provide opportunities for you to be a force for good in society.We commit to all these things because we want you to feel that you belong, and are supported to be happy and healthy.
About The Company
We're really excited to announce that we have recently been awarded "Top 10 Best Places To Work" in The Sunday Times Awards 2024!
Vitality is a multi-award-winning UK insurance brand, here to make the world a healthier, happier place.
We’ve been a purpose and values-driven business from day 1- long before it became fashionable. Our core purpose is to make people healthier and enhance protect their lives. Vitality pioneered shared-value insurance. We incentivise people to live healthier longer lives – they benefit, our business benefits, and society benefits. We’re successful because we attract, develop, and retain the best people – and because we care.
Plus, you get to join our 1.7+ million members with access to our unique health insurance and healthy living programme. Just to make sure you know our products inside and out.
Diversity & Inclusion
We’re committed to diversity and inclusion because it’s good for our employees, for our business, and for society. To learn more please visit our Careers page.
Vitality’s approach to sustainability
Vitality is a business that drives positive change. We reward people for making and sustaining healthier choices. But healthy people also need a healthy environment. To learn more please visit our Careers page. #
If we are fortunate in receiving a high volume of quality applications we may need to close this vacancy early
Location: Parkstone, GB
Posted Date: 11/27/2024
Contact Information
| Contact | Human Resources Vitality |
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