Underwriter - Annuities & Investment Bonds

TL;DR

Underwriter - Annuities & Investment Bonds: Assessing and processing applications for annuity and investment bond products with an accent on risk assessment, pricing, and regulatory compliance. Focus on analyzing complex cases, collaborating with cross-functional teams, and ensuring robust decision-making aligned with company policies and FCA standards.

Location: Stirling, Edinburgh (onsite)

Company

Savings and investments firm with 175+ years heritage, supporting 5 million customers with £300bn invested across asset management and life insurance products.

What you will do

• Underwrite annuities and investment bonds, aligning decisions with policies, risk appetite, and regulations.
• Conduct risk assessments reviewing financial, medical, and lifestyle data to determine eligibility and terms.
• Analyze complex cases, escalate as needed, and provide recommendations to senior underwriters.
• Collaborate with actuarial, compliance, operations teams and external stakeholders for case progression.
• Maintain documentation for audits and contribute to process improvements using data and technology.
• Monitor regulatory changes and support team training on best practices.

Requirements

• Extensive underwriting experience in insurance, ideally annuities and investment bonds.
• Familiarity with FCA, PRA, Solvency II frameworks.
• Strong analytical, problem-solving, and attention-to-detail skills for complex data interpretation.
• Effective communication to explain decisions to diverse audiences.
• Proficiency in Microsoft Office, underwriting systems, and digital tools.
• Collaborative mindset with integrity and commitment to compliance.

Culture & Benefits

• Flexible working arrangements and workplace accommodations.
• 18% pension (13% employer contribution), Share Save, Share Incentive Plan, financial wellbeing support.
• 38 days annual leave including bank holidays, buy up to 5 extra days, Time Off When You Need It policy.
• Inspiring Families policy with paid parental leave for maternity, adoption, surrogacy, paternity.
• Private healthcare, critical illness cover, life assurance with family options.
• Inclusive culture with employee networks, Disability Confident Leader commitment.