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Underwriter for Engineering Insurance Solutions

3 months ago


Bristol, Bristol, United Kingdom NFU Mutual Full time

Underwriter for Engineering Insurance Solutions

Join NFU Mutual during a pivotal phase of our commercial portfolio evolution and expansion. Contribute to the development of our engineering insurance framework while enhancing your expertise and broadening your professional connections through this flexible contract opportunity. Enjoy the flexibility of working remotely for a significant portion of your time, promoting a work-life balance that aligns with your personal needs.

Role Overview

NFU Mutual's Underwriting Department is excited to present an opportunity for a seasoned professional to step into the role of an Engineering Insurance Underwriter. This position is designed to support our strategic growth initiatives. There is potential for this role to transition into a permanent position for the right individual.

This is an opportune moment to join our team as we enhance our offerings to commercial clients, leveraging our unique mutual model that prioritizes trust, long-term relationships, and customer-centric values.

As an Engineering Insurance Underwriter, your responsibilities will include formulating and refining the underwriting strategy for our Engineering Insurance products. You will establish relevant guidelines, terms, and risk parameters that facilitate the achievement of profitability and growth objectives while managing insurance risks in accordance with our overarching underwriting strategy.
You will collaborate with our Propositions team and other essential stakeholders to define growth targets and clarify our risk appetite. Key responsibilities will encompass:

Translating underwriting appetite into actionable guidelines, processes, and communications for NFU Mutual Agents and Underwriters, enabling effective risk management and optimizing sales channel performance. Evaluating and providing expert insights on risk rates to ensure that pricing and rating methodologies are informed by comprehensive insurance and market knowledge. Gathering and analyzing management data to uncover opportunities for enhancing our underwriting strategy, ensuring alignment with both current and prospective business needs.

Please note that this position is internally referred to as Class Underwriter – Line of Business.

Candidate Profile

We are looking for a professional with extensive experience in Underwriting or Brokerage within Engineering Breakdown Insurance. The ideal candidate will possess strong technical skills, excellent communication abilities, and the capacity to build and maintain impactful professional relationships. A proactive mindset and a commitment to continuous improvement are essential.

Additionally, we seek candidates who demonstrate:

Experience in a head office environment, showcasing strategic thinking and effective project management capabilities. In-depth knowledge of the Engineering Insurance sector and a solid understanding of the factors influencing its performance. Strong negotiation skills, influencing capabilities, and extensive experience collaborating with diverse stakeholders. An effective communication style, with the ability to present information to various audiences. High data literacy, with the ability to convert data into actionable insights.

An ACII qualification would be advantageous but is not a mandatory requirement for this role.

At NFU Mutual, we are committed to fostering an inclusive workplace that values the unique differences of our employees. We celebrate the creativity and innovation that arise from diverse perspectives and experiences, united by a common vision of prioritizing the well-being of our customers and employees.

We recognize that some candidates may face challenges during the recruitment process, and we encourage open discussions regarding any adjustments or accommodations needed to facilitate a smooth experience.

We take pride in being a Disability Confident Employer and a signatory to the Race at Work and Women in Finance Charters, welcoming applications from individuals of all backgrounds.

Benefits and Rewards

Competitive salary structure. Annual performance bonus (up to 17.5% of salary). Contributory pension scheme, with contributions up to 20%, including your 8% contribution. Generous annual leave policy, including bank holidays and a holiday trading scheme. Family-friendly policies to support work-life balance. Access to savings with various high street brands, travel, and supermarkets. Monthly gym membership contribution. Health and wellness plan, offering cashback for dental, optical, physiotherapy, and more. Access to voluntary benefits, including health assessments and private medical insurance. Employee volunteering opportunities. Referral bonus scheme. Life assurance coverage of 4 times salary. Employee discounts on a range of NFU Mutual insurance products.

Working at NFU Mutual

As one of the UK's leading general insurance and financial services providers, NFU Mutual has prioritized customer satisfaction for over a century. Our employees are equally important to us. We are proud to be recognized as a top employer, receiving numerous accolades for our workplace culture and employee satisfaction.

We foster a supportive environment that empowers our employees, providing opportunities for growth and recognizing their contributions. Our team takes pride in working for a company that respects their individuality and community, ensuring our long-term financial sustainability for future success.