Enhanced Annuity Underwriter

Legal & General supports the savings, protection and retirement needs of around 14 million people, through our portfolio of retail and workplace businesses.

Our Retail division helps people enjoy a more colourful retirement, both directly and through their employers, including Lifetime Mortgages, Retirement Interest Only Mortgages and financial advice on our range of lending products.

We are the UK’s number one individual life insurer, and also provide Group Protection products for employers – all helping people to plan for the unexpected. We support home buying through our Mortgage Club – the UK’s largest – and our award-winning Surveying Services team. And our fintech team finds and supports socially useful start-ups and scale-ups working in the workplace, home, insurance and wealth areas.

Joining us means helping create brighter financial futures for all our customers. 

We’re recruiting for a Enhanced Annuity Underwriter  to join us. We’re offering a competitive base salary. The role is responsible for providing an excellent Underwriting service that is trusted, valued and provides fair treatment and outcomes for customers. This will be achieved by identifying and gathering all the information required in order to assess applications within business guidelines for a range of enhanced annuity products, with the purpose of maximising sales whilst ensuring the fair treatment of customers and mitigating the risks of financial loss associated with excessive annuity payments.

What you'll be doing:

• Accurately assessing, documenting, and making appropriate offers for Enhanced Annuity applications
• Providing underwriting services that balance a customer’s wants and needs for retirement income and the risks of financial loss associated with excessive annuity payments.
• Using in-depth knowledge of products, services, processes and systems to deliver appropriate customer outcomes
• Thinking in terms of the customer i.e. ‘Outside In’ and identify processes or procedures that inhibit the delivery of successful outcomes and lead to delays in processing times. Suggesting solutions and be willing to deliver improvements
• Taking ownership of own self-development so that technical skills, knowledge and ability to perform the underwriting role are developed
• Ensuring all appropriate legislative, regulatory and internal process & procedure are fully understood and applied. Identifying, reporting and resolving any breaches in line with L&G policy. 
• Accurately recording information on IT and workflow systems
• Analysing and presenting underwriting related insight to further the understanding of current and emerging risks, opportunities and customers

Who we're looking for:

• ACII desirable
• A good understanding of the diseases & risk factors associated with early mortality in middle aged and elderly lives (50 years upwards).
• Underwriting experience in direct office and/or reinsurer environment.
• Strong working knowledge of all systems, guides and technical tools used to effectively deliver the core end-to-end underwriting proposition.
• Underwriting experience in direct office and/or reinsurer environment.
• Strong analytical skills/Strong PC, data management/retrieval skills
• Excellent written and verbal communication skills.

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer: 

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes  
• Generous pension contribution  
• Life assurance   
• Private medical insurance (permanent employees only) 
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday 
• Competitive family leave 
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice 
• There are the many discounts we offer – both for our own products and at a range of high street stores and online   
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

Legal & General is a leading financial services group and major global investor, named Britain’s Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone.

If you join us, you’ll be part of a welcoming culture, with opportunities to collaborate with people of diverse backgrounds, views and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you’re open to find out more, we'd love to hear from you.