Underwriter

Underwriter needed for Life and Pensions area - Capita FTSE 100.

As the number one provider of business process outsourcing in the UK, we provide highly renowned services and solutions to a variety of sectors. As our journey continues, we are looking for an Underwriter in a medical or Life assurance capacity to join team in our Capita Life and Pensions area in Stirling.

Capita is the UK market leader in life and pensions. We raise service levels, reduce costs and help bring products to market faster and more cheaply for our clients. This is an attractive proposition for product manufacturers, distributors and specialist providers. The life and pensions outsourcing market continues to develop and offer strong new contract opportunities; we are also beginning to see early contracts delivered by other providers being re-tendered. Our scale economies and deep experience have enabled us to win the majority of these opportunities.
Within this role, you will assess and evaluate medical, financial and occupational evidence for all life, critical illness, disability and Discounted Gift Plans to make sure we offer terms at the correct cost, terms and conditions to minimise the risk to our client's portfolio. In addition, at all times ensuring we adhere to the guidelines agreed in the reassurance treaties.

Key Responsibilities:

• Assessing and evaluating application forms, medical, financial and occupational evidence to ensure business is accepted on appropriate terms to minimise risk to the company's portfolio.
• Accepting cases on standard and non-standard terms up to the financial underwriting limit agreed with the Reassurer (£500K Life and £300K Critical Illness and £30K Disability Benefits).
• You will also provide technical advice to internal and external customers in relation to routine underwriting enquiries.

Essential experience required:-

 Good experience of medical, financial and occupational underwriting from application through to evaluating medical and financial evidence.
 Good knowledge of products and policy rules across a broad range.
 Good knowledge of all New Business processes and systems.
 To keep up to date with ABI Best Practice Statements on underwriting.
 Good understanding of the reassurance underwriting treaty limits.

In return for your skills and commitment to this new and exciting position; you will have the opportunity to work for a leader in the RPO/BPO industry, in one of our most innovative partnerships. In addition, Capita offers share save options, with a healthy remuneration for this position.