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
Work Level: WL3
Closing Date for applications: 27.11.24
Risk & Governance Underwriter: We have an exciting opportunity available for a Risk & Governance Underwriter. The Underwriting Risk & Governance team is part of Technical Underwriting Delivery and Governance, sitting within Underwriting Services. The team use their expertise and skills to contribute to the success of our business through the appropriate and valuable design and operation of our products, ensuring we deliver good outcomes for our customers and remain compliant with all relevant legislation and regulation. Working as part of a dynamic team, and supporting that team in providing a high level of service to Stakeholders of all levels, the Risk & Governance Underwriter use their technical expertise and skills to contribute to Ageas’ continued success.
Main Responsibilities as a Risk & Governance Underwriter:
·        Contributing to the robust 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. You will be involved in data collection, cleansing, and analysis, and skills in these tasks will therefore need to be strong.
·        As such 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). These will need to be completed at a total product level, but also for individual cohorts of customers as appropriate.
·        You will also be involved in 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).
·        Contributing to overall reporting, ensuring your areas of focus are added to, and compliment, a holistic view of products and distribution. Concerns should be called out at all stages.
·        Involvement in recommending appropriate actions to address (and potentially redress) 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 (or leading) on the management of Risk Events and UW operational risks, as appropriate.
·        Deputising for the Senior Risk & Governance Underwriters, and supporting the Underwriting Risk & Governance Manager, and Head of Technical Delivery & Governance, as appropriate.

Skills and experience you need as a 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 designed, sold, and administered, and the relationship between a distributor and manufacturer.


Here are some of the benefits you can enjoy within the 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 your Wealth – Annual Bonus Schemes, Annual Salary Reviews, Competitive Pension, Employee Savings, Employee Loans.
 Supporting you at Work - Well-being activities, yoga, mindfulness sessions, Sports and Social Club events and more.
<b