Underwriter - Annuities & Investment Bonds - M&G plc.
Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions. Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent. We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role. The Role We're building something bigger, and better, that makes delivering change across our organisation easier, smarter and genuinely enjoyable for colleagues. M&G Life supports over 5 million customers with more than £300bn invested across our products, working with partners including Equiniti, Diligenta, Waystone, Paragon, Willis Towers Watson and M&G Global Services. We're looking for Underwriters to help M&G Life deliver its strategic priorities, for Annuity and Investment Bond products. You will play a key role in supporting the underwriting team by assessing, analysing and processing applications within our Life business. Working closely with senior underwriters and cross-functional teams, you will ensure that all underwriting decisions are robust, compliant, and aligned with company policy and FCA standards. This is an excellent opportunity for someone seeking to advance their underwriting career within a dynamic and collaborative environment. Key Responsibilities for this Role Underwrite a range of financial products, including annuities and investment bonds, ensuring all decisions align with company policies, risk appetite and regulatory requirementsConduct comprehensive risk assessments by reviewing financial, medical and lifestyle data, applying underwriting principles to determine eligibility, pricing and appropriate terms.Analyse complex cases and escalate where necessary, providing clear rationale and recommendations to senior underwriters or risk committeesCollaborate with internal teams (e.g., Actuarial, Compliance, Operations) and external stakeholders (e.g., advisers, reinsurers) to obtain additional information, resolve queries, and ensure smooth case progression.Maintain robust documentation of underwriting decisions, risk assessments and supporting evidence for audit, governance, and reporting purposesMonitor regulatory and market developments impacting annuity and bond products, adapting underwriting practices to remain compliant and competitiveContribute to process improvement initiatives, leveraging data insights and technology to enhance efficiency, accuracy, and customer outcomesSupport training and knowledge sharing within the underwriting team, promoting best practices and continuous professional development Key Knowledge, Skills & Experience Our ideal candidate has strong underwriting experience across life, pensions or investment products. You are proactive and adaptable, bringing a continuous improvement mindset and a willingness to take ownership of tasks and outcomes. You apply critical thinking to interpret data from multiple sources, using digital underwriting tools and automation to turn complex information into clear insights that support effective commercial decision making. Extensive Underwriting experience within Insurance, ideally covering annuity and investment bond products Ideally you will have attained or be progressing towards completing professional underwriting qualifications such as CII, LOMA etcFamiliarity with regulatory frameworks such as FCA, PRA and Solvency II, and their application to life and investment productsStrong attention to detail, analytical and problem solving skills, with the ability to interpret complex financial and medical information and make sound, evidence based decisionsEffective written and verbal communication skills, capable of explaining underwriting decisions clearly to both technical and non-technical audiencesProficient in Microsoft Office Suite, underwriting systems and digital toolsAbility to work collaboratively in a team-oriented environment and build strong relationships across functionsDemonstrated integrity, sound judgement and commitment to high standards of compliance and customer service We'd love to hear from you if you're someone who's genuinely curious - the kind of person who asks thoughtful questions and digs a little deeper to understand what's really going on. You enjoy working with others and naturally bring people together, even when things feel a bit unclear. You think ahead, notice patterns early and stay focused on creating real value for the people around you. Most of all, you care about making things better - for colleagues, for customers, and for the workplace as a whole. If this sounds like you, we want you to apply! What we offer: At M&G, we're committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include: As a savings and Investments firm we are proud to offer a valuable pension scheme of 18% , with 13% made up of Employer Contributions and 5% Employee Contributions . We also offer Share Save and our Share Incentive Plan , together with access to financial wellbeing and support services - to help give you real confidence to put your money to work. Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy - to balance your work and personal commitments. Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture. Health & Protection cover including Private Healthcare , Critical Illness cover and Life Assurance for you, with family options - for peace of mind. To explore more about life at M&G and our full benefits offering, visit Life at M&G <
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