LV= GI Careers / Job Details

Senior Underwriter

Bournemouth

Reference: GI-1307

Closing date: 23rd July 2024

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Who we are

We are not your average insurance company; in fact, we strive to be different. You will not find strict dress codes, jargon-filled documents, or unrealistic targets here. What you will find is a welcoming culture, a clear vision and teams of passionate people doing their best for our customers.

LV= GI is a large, multi-award-winning general insurance company, with nearly 7 million customers and aspirations for future growth. Having recently become part of the Allianz family, we’re proud to be one of the largest personal insurers in the UK.

Role Description

LV= GI has an exciting opportunity for a Senior Underwriter within our Retail business working on a hybrid basis in either our Bournemouth or Birmingham office. Your primary focus will be our motor portfolio where you’ll be part of a team proactively enhancing our Motor portfolio and footprint including participating in / chairing forums and sharing insight and recommendations with senior management to drive continuous improvements.

You’ll undertake market research and monitor MI, identify opportunities, and recommend changes to our products and processes to ensure they are competitive, meet customer expectations and comply with regulatory requirements.

You’ll work closely with the Motor Manager to define product strategy and collaborate closely with colleagues across the business to ensure successful delivery of underwriting and pricing initiatives. You’ll also act as an expert referral point.

This is an exciting opportunity for someone with motor portfolio knowledge to help shape our motor products and underwriting to reflect a rapidly evolving digitalised world and customer needs whist being a part of a successful team within the GI Retail business. 

About you

As a self-starter with the ability to proactively work on your own initiative, setting own priorities and managing workload with minimum supervision, you’ll offer us your experience as an insurance professional. You’ll be working in a fast-paced trading environment, where decisive actions are required. You’re able to think commercially and always have the customer at the forefront of your mind.

You’re likely to have a background in motor underwriting or have relevant technical expertise relating to motor insurance. And you’re likely to hold or be progressing towards a relevant professional qualification.

You’re organised, analytical and thorough and proactively identify opportunities and risks, and form sound judgements.  You’re then able to use your strong communication skills and friendly, confident manner to make appropriate recommendations.

You'll need to:

  • Oversee definition of and monitoring of insight into market, technology, and data developments.
  • Regularly monitor KPI’s to ensure performance against plan is met, reporting on risk mix and recommendations for change to drive profitability outcomes for the business.
  • Undertake ongoing research and provide regular insight into new motor propositions and product enhancements to assist with developing strategy and to support pricing and underwriting activity.
  • Develop and monitor market insight, customer feedback and product performance MI in order to:  
    • Define and deliver product enhancements to ensure our products are competitive and meet customer expectations.
    • Define and deliver underwriting and terms across channels to improve profitability and expand footprint.
    • Identify and recommend enhancements to procedures and controls in order to improve efficiency and reduce risk.
  • Engage proactively with other functional teams to ensure alignment of purpose and successful delivery of initiatives and represent Underwriting at management meetings.
  • Increase the strengths and capabilities of individuals and the team by coaching, identifying training needs and sharing best in order to support personal growth, enhance the performance of the team and to meet business needs.
  • Regularly engage senior stakeholders, including GI Exec, to keep them abreast of commercial.
  • Deputise for the Underwriting Manager.
  • Undertake audits of operations or partners to ensure adherence to underwriting guidelines.
  • Analyse product relevant regulatory bulletins (e.g. from ABI and FCA), escalating issues to management when necessary.
  • Comply with Conduct Risk principles.

What We're Looking For

  • To be successful for the role you will have:
  • Previous Motor insurance underwriting experience.
  • Strong analytical capability and technical competence, experience of portfolio/account management desirable.
  • Ability to manage Exec level and external stakeholders.
  • Commercial approach – focused on bottom line
  • In-depth understanding of the Motor insurance market and regulatory regime.
  • Strong communication skills and diplomacy.
  • Excellent relationship management skills.
  • Uses initiative and able to manage multiple complex priorities with tight deadlines.
  • Collaborative approach and can do attitude.
  • A calm, credible and reliable presence
  • Ability to balance customer and business needs
  • Be self-driven and proactive in development of own skills and technical knowledge.
  • Relevant professional qualification preferred but not essential, eg CERT CII 

Diversity & Inclusion

At LV= GI, we value diversity and inclusion and back this up with our accreditations. LV=GI is EDGE certified for gender inclusion, members of the Women in Finance Charter, members of the Stonewall Diversity Champion programme, signatories of Business in the Community’s Race at Work Charter, and an Armed Forces Covenant gold standard employer.

We have a range of employee networks focusing on gender inclusion, cultural diversity, LGBTQIA+, disability and long term health conditions (including neurodiversity), intergenerational and life stages, parents and carers, mental wellbeing, menopause support and armed forces and veterans, all supporting you to bring your best and authentic self to work.

What we can offer you

Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that’s perfect for you. We also offer flexible working options, global career opportunities across the wider LV=GI Group, and fantastic career development and training. That’s on top of enjoying all the benefits you’d expect from the world’s number one insurance brand, including:

  • 26 days' holiday
  • A competitive pension for which LV= will pay twice the amount you pay, up to 14% 
  • An annual bonus scheme based on company and personal performance
  • A flexible benefits package (e.g. discounted retail vouchers, great value dental insurance)
  • ElectriX EV salary sacrifice scheme
  • A generous 25% discount off our general insurance products including home, pet and travel as well as up to 50% discount on your car insurance.

Our Ways of Working

Do you need some flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen. 

We are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.

Our Purpose and Values

We secure your future

Be Brave | With Heart | Everyone Counts | Inspiring Trust

Our purpose and values are more than just words on a website - they are the why and how of LV= GI. They influence everything we do and guide us how to do it. Created by our people, for our people, they shape our culture, bring us together, and inspire us to be the best. Building an inclusive culture for us all to succeed.

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