Underwriter

Recruiter
Resource Solutions - GSC
Location
Reading
Salary
Negotiable
Posted
18 Jun 2019
Closes
25 Jun 2019
Sector
Accountancy
Contract Type
Contract/Interim
Hours
Full Time

Underwiter

Initial 5 months

Reading

Purpose of the role

  • To ensure that current underwriting practises and processes are compliant with existing and emergent regulation and legislation
  • Assess medical evidence for all Impared Life Annuities and Corporate Life Schemes
  • Ensure we adhere to the company's underwriting philosophy and the reassurance treaty conditions.
  • Ensure we offer terms at the correct costs and conditions to minimise the risk to the company's porfolio

Essential

  • Experience in regulatory guidance and compliance environments within Financial Services
  • Experience of issuing communications at an appropriate level to both internal and external parties
  • Experience of working with systems and controls monitoring
  • Experience of Quality Assurance auditing
  • Experience of underwriting risk assessment
  • Experience of process improvement and project support
  • Some experience of resolving conflicts within project and outsource environments
  • Some experience in risk management
  • Experience of coaching, training design and training delivery

Knowledge

  • Understanding of the Statements of Principle and Code of Practice
  • Detailed knowledge of financial services regulatory and legislatory frameworks
  • Working knowledge of all legislative and industry wide matters
  • Detailed knowledge of the commercial and risk aspects associated with underwriting
  • Working Knowledge of life and pensions products, markets and competitors offerings
  • Working knowledge of Prudential products, systems and distribution methods
  • Professional qualifications
  • Relevant professional qualification (ICS, FA1, FA2) or working towards

Standard responsibilities associated with this role

  • Take all reasonable steps to make sure your business area fulfils its external regulatory, legal and industry obligations
  • Use your judgement to strengthen our positive risk and control culture, by identifying, assessing and managing risk within your business area
  • Understand our Code of Conduct and how it applies to your work. Comply with all relevant policies, including mandatory training
  • Make sure that all personal expenditure, and contractual and legal agreements are authorised, controlled and monitored according to our delegated authority requirements
  • If you're responsible for any legal agreements with third parties then you must make sure these are managed
  • according to the Managing Contractual Relationships Framework. You'll find your responsibilities as an expenditure authoriser set out in the financial procedures manual for your business (eg Prudential UK & Europe, PIA, PPMS)

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