Employer: Ageas Insurance Limited Salary: Date Added: 28/03/2024
Job Title: Senior Risk & Governance Underwriter Target Start Date: ASAP Contract Type: Permanent, Part Time, Full Time, Job Share option available Salary Range: Dependant on experience Location: Eastleigh, Bournemouth or Gloucester (Requested to visit the Eastleigh office once per month)
Senior Risk & Governance Underwriter: We have an exciting opportunity available for a Senior Risk & Governance Underwriter to join our Underwriting Risk & Governance team as part of the wider Technical Underwriting Delivery and Governance department. The Senior Risk & Governance Underwriter will work closely with many different areas of the business, and may also deal with external partners. They will be given responsibility for significant portions of our day-to-day governance and regulatory work, and will also be expected to be a role model to the wider team and department
Main Responsibilities as a Senior Risk & Governance Underwriter:
· Maintaining, through your own work, and that of your direct reports, a robust and efficient level of oversight of Ageas’ products and the value they offer to our customers. This oversight will need to cover how products are designed, how they operate and are utilised, and how they are distributed to customers.
· As such you will be responsible for ensuring robust and well evidenced fair value assessments are completed at all stages of a product’s lifecycle (which will encompass new product approval, significant change approval, and in-life review). These will need to be completed at a total product level, but also for individual cohorts of customers as appropriate.
· You will also be responsible for governing how these 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).
· Recommending and setting appropriate actions to address (and potentially redress) concerns and improve customer outcomes. You will be responsible for the completion, or escalation, of actions. Actions may be internal, external, or a combination of the two, and can be investigative, corrective, or preventative in nature.
· Supporting, or leading (as appropriate), the completion of other regular and ad-hoc regulatory tasks.
· This will include yearly attestations and reviews, but may also include ad-hoc deep-dives and investigations, or regulator responses.
· Acting as one of several key representatives for UW with product stakeholders.
· Providing supportive line management to Risk & Governance Underwriter(s), creating and implementing appropriate development, coaching, and guidance. You will need to act as a leader and role model.
Skills and experience you need as a Senior Risk & Governance Underwriter:
· A good degree of numeracy, alongside analytical skills, and the ability to interpret and present data for a wide audience.
· Excellent skills in explaining and reporting, both internally and externally, the interpretation of regulatory requirements and Ageas’ response to these.
· Excellent skills in explaining recommendations and actions to those that need to implement them
· Motivational, with good leadership and influencing skills.
· Proactive, innovative, self-motivating and largely self-reliant.
· Good risk evaluation skills.
· Confident decision maker who exhibits a willingness to take responsibility.
· Able to prioritise work to meet deadlines.
· 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 designed, sold, and administered, and the relationship between a distributor and manufacturer.
Here are some of the benefits you can enjoy within the Senior Risk & Governance Underwriter role:
At Ageas we offer a wide range of benefits to support you and your family inside and outside of work, which helped us achieve, Top Employer status in the UK.
Flexible Working – Smart Working @ Ageas gives employees flexibility around location (as long as it’s within the UK) and, for many of our roles, flexibility within the working day to manage other commitments, such as school drop offs etc. We also offer all our vacancies part-time/job-shares . We also offer a minimum of 35 days holiday (inc. bank holidays) and you can buy and sell days.
Supporting your Health – Dental Insurance Health Cash Plan, Health Screening, Will Writing, Voluntary Critical Illness, Mental Health First Aiders, Well Being Activities – Yoga, Mindfulness.
Supporting you at Work – Well-being activities, yoga, mindfulness sessions, Sports and Social Club events and more.
Supporting you and your Family – Maternity/pregnant parent/primary adopter entitlement of 16 weeks’ at full pay and paternity/non-pregnant parent/co-adopter at 8 weeks’ full pay.
Benefits for Them – Partner Life Assurance and Critical Illness cover
Getting Around – Car Salary Exchange, Cycle Scheme, Vehicle Breakdown Cover
Get some Tech – Deals on various gadgets including Wearables, Tablets and Laptops.
Supporting you back to work – Return to work programme after maternity leave
About Ageas: We’re 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, which is echoed in the service we provide to over four million customers. As an inclusive employer, we encourage anyone to apply. We’re a signatory of the Race at Work Charter and Women in Finance Charter, a Stonewall diversity champion and a Disability Confident Employer (which means interviews are guaranteed for applicants with a disability who meet the minimum role criteria). For more information please see Ageas Everyone.
