Average Mortgage Underwriter salary in Cardiff

Company DescriptionLegal & 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. Job DescriptionAre you ready to take your career to the next level? We're recruiting for aLife Medical Underwriterto join our dynamic team You'll be reviewing customer applications to identify risk factors to assess whether we can offer Life, Critical Illness Cover and Income Protection applications. With a competitive base salary and flexible working options, this is an opportunity you don't want to miss! Why You'll love working with us: Flexible Work Arrangements: Choose between home- based or hybrid opportunities, depending on your location. We ask for just one day a week in the office.Work-Life Balance: We offer full time, part-time, and condensed hours within the team to suit your lifestyle.Career Development: We will provide opportunities for you to grow and advance in your field What you'll be doing: Accurately assessing and documenting life and disability risks by reviewing applications and decide which terms, if any, can be offered up to the value based on your autonomy level Ability to participate in or lead projects, which enhance the underwriting process and improve our systems and commercial viability, including instigating such projects, using own initiative, expertise and business awarenessEnsuring any requests for further information are appropriate and accurate and commensurate with the risk being assessed, ensuring the customer journey is not impacted unnecessarilyIdentifying complaints and ensuring they are acted upon quickly and root causes highlighted to ensure compliance with complaints response time limitsEnsuring all work is accurately recorded daily to enable accurate communications to be delivered and effective business decisions madeTaking ownership of maintaining an excellent knowledge and understanding of legislative and regulatory requirementsCommunicating with internal, external customers and third parties via all methods of communication in a professional and efficient manner ensuring customer satisfaction is maximised and expectations met by obtaining and giving the correct informationUnderstanding the commitments that are made about the level of service during the marketing and sales processes to ensure the area is capable of meeting those expectations and that customers' reasonable expectation of performance and service are met QualificationsWho we're looking for: Must have experience in underwriting protection productsMust have experience in UK medical underwriting (essential) Must have thorough understanding of the risk factors for mortality and morbidity, as well as financial underwritingExtensive knowledge of all protection productsUnderstanding of legislations and regulatory requirements would be preferableExcellent 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 Additional InformationLegal & 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. "videos":{"title":"Videos To Watch","urls":["https://youtu.be/8ZYGBwImH08","https://YwHNjdPbbkk"]}}},

Job title: Underwriter - Insurance Salary: £32,000 Location: South Wales  - Hybrid 2 days per week Purpose of role: The Underwriting team oversees and executes the commercial and group underwriting activities of the business, encompassing pricing, forecasting, risk analysis, policy allocation, and management of "out-of-binder" proposals. Their primary objective is to ensure that the technical performance of the company's insurance-backed products consistently meets designated target thresholds. Our client is seeking an Underwriter who can enhance the technical capabilities of the Underwriting team and leverage their expertise in the insurance sector to support the realization of their ambitious growth strategy. This role demands a solid understanding of insurance principles and risk management, proficiency in distilling precise proposals from abstract concepts, adept stakeholder management and communication skills, and a meticulous attention to detail to ensure thorough evaluation of commercial opportunities in alignment with their underwriting policies and guidelines.   Key responsibilities: Serve as the primary point of contact for underwriting inquiries, promptly acknowledging receipt, managing their allocation within the team, and providing accurate time estimates for their resolution. Assess and underwrite risks within one's own level of underwriting authority, escalating to the Underwriting Manager or Partnerships team for external approval as needed.Assist the Underwriting Manager in executing Mid-Term Adjustments (MTAs), such as ad hoc pricing changes, inflation adjustments, additional equipment classes, or policy endorsements. Ensure swift and accurate issuance and archiving of relevant documentation.Offer technical support to the Commercial function, aiding in the achievement of the businesses financial objectives in a clear, timely, and well-organized manner.Actively engage in the enhancement of automated underwriting systems by sharing innovative ideas and offering constructive feedback. Maintain a continuous improvement mind-set to ensure effective communication of development needs to the Finance and Business Intelligence teams.Assist the Underwriting Manager in conducting mandatory and tailored product training sessions for the organization, bridging any knowledge gaps and becoming a reliable source of expertise on the  businesses insurance products.Manage the daily administrative tasks associated with their Residual Value Insurance product.Collaborate closely with all teams to contribute to the achievement of corporate goals.Play a key role in promoting operational excellence by documenting processes, optimizing workflows, and implementing automation strategies within Partnerships and across the broader organization.  Experience:  Previous experience in underwriting, preferably within the MGA sector in the UK or EU general insurance domains.Exceptional verbal and written communication abilities, coupled with adept prioritization skills.Possess a technical mind-set with a penchant for analytical problem-solving.Proficient in data analysis, interpretation, and presentation.Capable of articulating data-driven proposals clearly and convincingly to stakeholders.Demonstrated awareness and comprehension of the UK and European general insurance landscapes, including regulations and evolving trends.Proficiency in Microsoft Office, particularly Excel.Skilled in establishing rapport with stakeholders both internally and externally, across all organizational levels.Strong numerical aptitude and meticulous attention to detail are indispensable.Holding formal insurance qualifications (e.g., CertCI) would be advantageous.  If you have the relevant experience or know someone that does please contact us now on or email us at

Senior underwriter A spectacular and rare chance for an experienced and talented underwriter to give your career an exciting turbo-boost! As Senior Underwriter, this is the perfect ‘next step’ opportunity for you to make a real impact, whilst gaining incredibly valuable experience as a pivotal and senior member of a dynamic, friendly and forward-thinking team. To top it all, this is a role which comes with limitless scope to go much, much further. About the company You’ll be joining a thriving company which has established its leading expertise in business insurance. In addition, it is a division of a fast-growing international financial services group currently serving 11 million customers across the UK, the EU and the USA. Headquartered in Wales, the company’s core business includes providing SME insurance for tradespeople, professionals, and couriers. Combining agility with reliability, it delivers innovative products and superior customer experience to this underserved market. The company’s mission is growth oriented and strategically customer-centric, focused firmly on helping SME businesses prepare for their future by building long-term sustainable businesses. The role Joining a dynamic team, you’ll be pivotal to both the team’s and the company’s future success. You’ll be responsible for assessing risks and making informed underwriting decisions that help deliver competitive insurance solutions and the best possible outcomes for SME customers across a wide range of SME businesses. You’ll ensure customers are being offered well-priced and properly structured policies which meet customers’ needs, whilst also adhering to company risk management guidelines and regulatory requirements. You’ll also be contributing to the development and review of policy wording. Drawing on your knowledge of insurance for SMEs, you’ll identify opportunities for process improvements and apply your real-time knowledge of industry changes and trends to enhancing your underwriting decisions. A solid team player, you’ll collaborate closely with your underwriting colleagues to ensure consistency across the board, whilst also sharing your knowledge and insights. You’ll also need to work seamlessly with other departments, facilitating smooth communication and maintaining consistent and high-quality decision-making. What you bring To thrive, you’ll need a solid understanding of underwriting guidelines, ideally within the SME insurance market, and be comfortable pricing policies and assessing a variety of risks. This role would suit someone from an MGA, broker or insurer background who brings experience dealing with commercial products Bring a good understanding of underwriting guidelines Crucial qualities include a keen eye for detail, strong problem-solving skills the ability to adapt quickly to fast-paced changes and strong professional judgement. A positive attitude and commitment to high standards will also be key. A naturally strong communicator both in internal and external contexts, you’ll be adept in explaining crucial underwriting decisions to clients or brokers - or resolving more complex queries. You’ll also be instrumental in helping develop junior team members, sharing best practice insights with them and providing effective guidance. Overarching these attributes, you will share and be committed to the team’s values of collaboration, innovation, and customer focus. Salary, benefits and work-Life balance Discover a working culture in which you can be truly accepted, supported and empowered to be you. As you would expect from a people-centric business that is consistently voted one of the Sunday Times’ “Best Big Companies to Work For” in the UK, the company celebrates diversity and actively encourages inclusivity. The company has been acknowledged as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years. This will be a hybrid role with transport and accommodation provided for office-based days. Or a remote position with occasional office days. In addition to working in a great people environment in lovely offices, you’ll enjoy an exceptional benefits package helping you to maintain a healthy and thriving work-life balance. This includes an unbeatable 33 days’ holiday (including bank holidays) which will increase with length of service (up to a maximum of 38 days (including bank holidays)).