Underwriting Analyst

Job Introduction

*Remote working available*

Our people are everything to us. The way they deliver exceptional experiences every day for our customers, for their colleagues. The way they own what they do. Their 'Why's it like that?' curiosity. How they always think of others and work together to get things done. For us, for you, make do will never do. Good enough? Not even close. Come and do the best work of your life alongside lovely colleagues. Come to Saga. And right now, we are looking for an Underwriting Analyst to join our Underwriting Insurance team at an exciting time in Saga’s history.

As a Group, Saga is taking to the seas in our brand new, luxury cruise ships and leading the market with innovative insurance and financial products. Reporting into the Development Underwriting Manager you will be responsible for supporting AICL footprint development through to effective analysis of underwriting and pricing data along with underwriting risk control measures to ensure technical results meet or exceed business plan performance criteria.

You will be responsible for reviewing and analysing market trends (Consumer Intelligence, eBenchmarkers, Defaqto) and new products or brands, such as multi car insurance and telematics etc. to provide oversight on impacts or opportunities to AICL. You will also be responsible for running underwriting reports to aid the BAU functions of the wider Underwriting team.

Role Responsibility

• Conduct analysis of data to aid in the profitable growth of the motor and home books.
• Have a working knowledge/understanding of SQL, Snowflake, Radar, Tableau and Excel (or equivalent), and use where appropriate in developing recommendations.
• Support the development of the product and underwriting strategy, by identifying and anticipating potential business opportunities and risks (such as vulnerable customers).
• Work with pricing and data teams to carry out detailed analysis of MI and account performance statistics.
• Monitor external market conditions to feed into weekly trading meeting.
• Work with the fraud team to detect and remove unwanted, suspicious, and potentially fraudulent business at application stage.
• Work with Underwriting teams to improve customer journeys and reduce reliance on referrals.

The Ideal Candidate

• SQL coding knowledge and understanding (or equivalent) such as SQL, Radar, Tableau, or similar systems would be required.
• Comfortable working with large amounts of data utilising coding knowledge to analyse and present findings.
• To communicate effectively, both verbally and in writing
• Good understanding of general insurance account management and in-depth knowledge of the insurance UK market
• An understanding of insurance risk profiles
• Awareness of the regulatory and legal framework which the market operates.

Package Description

The standard benefits when you join Saga include: 

• Remote working available where possible

• 25 days annual leave plus bank holidays with the choice to buy a further 5 days annual leave per year 

• Free private medical insurance after 1 years' service 

• Workplace Pension 

• AXA Be Supported 

• A range of reductions and offers from leading retailers, travel groups and entertainment companies

About the Company

Over the past 70 years we have become the UK's specialist provider of products and services to people aged over 50 in the UK. The Saga brand has become one of the most recognised and trusted brands amongst UK consumers in this demographic, recognised for its high quality products and exceptional standards of service. These include cruises and holidays, insurance, personal finance and the Saga Magazine.

At Saga we are committed to treating all employees fairly and to offering equal opportunities in all aspects of employment and advancement. We value diversity not just because it is the right thing to do, but because diverse teams perform better.

Fair consideration is given to applications from all applicants, including those with disabilities and those over who are over 50 as we are champions of age inclusivity. We are an official Disability Confident employer and ensure that our recruitment process is inclusive and accessible and we will make reasonable adjustments as required. For more information on our DEI policies please visit our Saga Careers page.

​Saga does not accept agency CVs unless specifically engaged on the role by the Talent Acquisition Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga will not be responsible for any fees related to CVs received in this unsolicited manner.

#LI-Remote”

Saga Group