Commercial Underwriter
1 month ago
We are seeking an experienced Underwriter to join our team at NFU Mutual. As a Commercial Underwriter - Engineering Insurance Specialist, you will be responsible for recommending and developing the underwriting strategy for our Engineering Insurance offering.
You will work closely with our Propositions department and other key stakeholders to help set the parameters of our growth targets and define our risk appetite.
Key responsibilities include:
- Translating underwriting appetite into workable rules, processes, and communications for use by NFU Mutual Agents and Underwriters.
- Reviewing and providing expert judgement to risk rates to ensure rates and rating logic are informed with the benefit of deep insurance and market knowledge.
- Collating and analysing management information to identify opportunities for improving our underwriting strategy.
Please note that the role is internally known as Class Underwriter – Line of Business.
About YouWe are looking for a professional with a wealth of Underwriting or Broker experience in Engineering Breakdown Insurance.
Key requirements include:
- A background in a head office function, showcasing an ability for strategic thinking and effective project management delivery.
- Strong knowledge of the Engineering Insurance market and excellent understanding of the factors which influence its performance.
- Negotiation skills, influencing abilities, and vast experience collaborating with a range of stakeholders.
- Effective communication style and the ability to present information to different audiences.
- High level of data literacy and the ability to translate data into actionable insights.
What We Offer
We offer a competitive salary in the range of £50,000 to £60,000 depending on skill set and experience, as well as a range of benefits including:
- 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 that helps you balance your 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 - cashback for dentist, opticians, physio, and more
- Access to voluntary benefits, including health assessments, private medical insurance, and dental insurance
- Employee Volunteering - volunteering 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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