Commercial Underwriter

4 weeks ago


StratforduponAvon, Warwickshire, United Kingdom NFU Mutual Full time
About the Role

We are seeking an experienced Underwriter to join our team at NFU Mutual. As an Engineering Insurance Underwriter, you will play a key role in shaping our engineering insurance strategy and contributing to the company's growth.

Your primary responsibility will be to develop and implement underwriting strategies for our engineering insurance offering. This will involve establishing rules, terms, and risk features that align with our overall underwriting strategy and ensure the effective management of insurance risk.

You will work closely with our Propositions department and other stakeholders to set growth targets and define our risk appetite. Some of your key responsibilities will include:

  • Translating underwriting appetite into workable rules and processes for our agents and underwriters
  • Reviewing and providing expert judgment on risk rates to ensure they are informed by deep insurance and market knowledge
  • Collating and analyzing management information to identify opportunities for improving our underwriting strategy

This role is internally known as Class Underwriter – Line of Business.

About You

We are looking for a professional with a strong background in underwriting or broking, preferably in engineering breakdown insurance. You will need to be technically proficient, have excellent communication skills, and be able to establish and maintain impactful working relationships.

We are also seeking someone with:

  • A background in a head office function, showcasing strategic thinking and effective project management delivery
  • Strong knowledge of the engineering insurance market and excellent understanding of its performance drivers
  • Negotiation skills, influencing abilities, and experience collaborating with a range of stakeholders
  • Effective communication style and ability to present information to different audiences
  • High level of data literacy and ability to translate data into actionable insights

An ACII qualification is advantageous but not essential.

Benefits and Rewards

When you join our team, you can expect a supportive culture and a range of rewards and benefits, including:

  • Salary in the range of £50,000 to £60,000, depending on skill set and experience
  • Annual bonus (up to 17.5% of salary)
  • Contributory pension scheme, up to 20%, including your 8% contribution
  • 25 days annual leave + bank holidays + buy/sell/save holiday trading scheme
  • A Family Friendly policy to help balance work and family responsibilities
  • Access to savings at High Street brands, travel, and supermarkets
  • £20 contribution to a monthly gym membership – subject to T&Cs
  • Health and wellbeing plan, with cashback for dentist, opticians, physio, and more
  • Access to voluntary benefits, including health assessments, private medical insurance, and dental insurance
  • Employee Volunteering – volunteer in the community for one day each year
  • Unlimited access to Refer a Friend £500 bonus scheme
  • Life Assurance cover of 4 x salary
  • Employee discounts of 15% on a range of NFU Mutual insurance policies


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