Graduate Underwriting Analyst

This entry-level graduate analyst role within the Underwriting team focuses on utilizing Excel modeling and financial data to forecast policy performance, establish pricing structures, and evaluate product risks for a global portfolio of appliance warranty accounts.

Are you looking for an opportunity to work with financial data to analyse and forecast insurance policy performance and support critical business decisions? If so, this could be a great opportunity for you to secure an entry-level position in our Underwriting team.

Domestic & General is a fast-growing business operating in 14 different countries. We impact our customer's lives by protecting the appliances at the heart of every home and reduce waste by extending the life of everyday appliances and devices.

We are committed to being a fantastic place to work and have gained recognition for this and our focus on inclusivity and development, in a number of awards and programmes.

Key Responsibilities:

As an Underwriting Analyst, you will be responsible for maximising the profitability and exceeding internal budgets for our warranty business. You will report, forecast and manage the profitability of new and existing lines of warranty business across corporate and consumer products and will deliver insights that shape pricing decisions.

Specific duties will include:

• Managing a portfolio of warranty products and accounts and analysing their performance against cost, margin and loss targets.

• Setting viable pricing structures for new and existing warranty business.

• Ensuring pricing, commercial arrangements and product design of warranty business deliver against cost and target margins, through accurate costing and modelling.

• Producing long-term projections of expected performance.

• Assessing and advising on warranty product risk.

• Liaising with all commercial areas of the D&G business to deliver profitable warranty products.

• Applying appropriate regulatory requirements including GDPR.

• Developing and delivering creative solutions to complex warranty design problems.

About You

We would love to hear from you if you can demonstrate the following:

• Graduate with a numerically, analytically or financially focused degree.

• Knowledge of budgeting, forecasting and pricing processes.

• Familiarity with concepts such as credit / financial / investment risk and other actuarial concepts.

• Strong numerical skills and a passion for working with financial data.

• Strong Excel skills and the ability to develop financial models.

• Strong communication skills and the ability to work independently whilst collaborating with different teams across the business.

We offer lots of great benefits! Some of which include: 

• Competitive salary and annual discretionary bonus

• 25 days annual leave plus bank/public holidays, as well as an annual option to buy up to 5 additional days of annual leave

• Life assurance – employer funded cover of 4x basic salary

• Health cash plan – employer funded cover to enable you to claim money back on essential healthcare costs, including dental, optical, physiotherapy and many more.  Cover also includes unlimited access to a 24/7 virtual GP service

• Attractive company pension scheme

• Car Leasing – access to a carbon neutral salary sacrifice car leasing scheme, with an all-inclusive monthly cost covering all charge, taxes, insurance, repairs and maintenance on a range of brand-new vehicles

• Cycle to Work – tax efficient bike and cycling equipment worth up to £1,000

• Employee Assistance Programme – specialist advice and support on issues such as finance, relationships, illness and family issues

• Free Domestic & General protection plan – one free plan each year with access to discounted rates of up to 50% on additional plans, including referrals for family and friends

Domestic & General are an equal opportunities employer which means we treat people fairly. We welcome applications from all suitably skilled persons regardless of their gender, age, race, disability, ethnic background, religion/belief, sexual orientation, gender reassignment or marital/family status.