Engineering Insurance Underwriter
Join NFU Mutual at an exciting time of commercial portfolio diversification and growth. Help shape our engineering insurance strategy whilst gaining new skills and expanding your professional network during this flexible 12 month contract opportunity. Work from home up to 80% of your time to achieve a work-life balance which best suits you.
About the role
NFU Mutual’s Head Office Underwriting Department are pleased to share the opportunity for an experienced professional to join them as an Engineering Insurance Underwriter on a 12-month Fixed Term Contract basis to help support the company’s planned growth. The role has the potential to become permanent for the right candidate, however we are unable to guarantee that at this stage.
It’s a great time to join us as we expand our commercial customer offering using our unique approach as a mutual – building trust, establishing long standing relationships and putting our customers at the heart of everything we do. The role of an Engineering Insurance Underwriter will see you recommending and developing the underwriting strategy for our Engineering Insurance offering, establishing appropriate rules, terms and risk features that will enable the delivery of profit and growth objectives whilst effectively managing insurance risk in line with the overall underwriting strategy.
You will work with our Propositions department and other key stakeholders to help with setting the parameters of our growth targets and defining our risk appetite. Some of the other key responsibilities for the role will include:
1. Translating underwriting appetite into workable rules, processes and communications for use by NFU Mutual Agents and Underwriters to enable the effective execution of risk appetite and optimise the performance of the sales channel.
2. 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.
3. Collating and analysing management information to identify opportunities for improving our underwriting strategy and ensuring we are in the best position to meet our current and new business requirements.
Please note that the role is internally known as Class Underwriter – Line of Business.
About you
We are seeking a professional with a wealth of Underwriting or Broker experience in Engineering Breakdown Insurance. You will be technically proficient with strong communications skills and the ability to establish and maintain impactful working relationships. You will be proactive with a keen sense of initiative and continually striving to bring improvements. We are also looking for:
1. A background in a head office function ideally, showcasing an ability for strategic thinking and effective project management delivery.
2. Strong knowledge of the Engineering Insurance market and excellent understanding of the factors which influence its performance.
3. Negotiation skills, influencing abilities, and vast experience collaborating with a range of stakeholders.
4. Effective communication style and the ability to present information to different audiences.
5. High level of data literacy and the ability to translate data into actionable insights.
An ACII qualification would be advantageous but not an essential requirement for the role.
At NFU Mutual, we support an inclusive workplace and value all the differences that make us unique. We celebrate the creativity and innovation that comes from diverse perspectives and experiences and share a common vision of doing the right thing for our customers and employees. We recognise that some candidates may experience barriers during the recruitment process. So, we encourage candidates to discuss any adjustments or accommodations they need to be the best they can be throughout our recruitment process.
We're proud to be a Disability Confident Employer, a Race at Work and Women in Finance Charter signatory and welcome applications from people of all backgrounds, regardless of age, ethnicity, disability, neurodiversity, gender, religion, marital status, sexual orientation, or socioeconomic background.
Benefits and Rewards
1. Competitive salary
2. Annual bonus (up to 17.5% of salary)
3. Contributory pension scheme, up to 20%, including your 8% contribution
4. 25 days annual leave + bank holidays + buy/sell/save holiday trading scheme
5. A Family Friendly policy that helps you balance your work and family responsibilities
6. Access to savings at High Street brands, travel and supermarkets
7. £20 contribution to a monthly gym membership – subject to T&Cs
8. Health and wellbeing plan - cashback for dentist, opticians, physio and more
9. Access to voluntary benefits, including health assessments, private medical insurance and dental insurance
10. Employee Volunteering - volunteering in the community for one day each year
11. Unlimited access to Refer a Friend £500 bonus scheme
12. Life Assurance cover of 4 x salary
13. Employee discounts of 15% on a range of NFU Mutual insurance policies.
Working at NFU Mutual
We’re one of the UK’s leading general insurance and financial services companies. For over 110 years we’ve put our customers at the heart of everything we do. Our people are just as important to us. We pride ourselves on being “a great place to work” and are one of only 57 companies across the globe, and one of only two organisations with headquarters in the UK, to receive a Gallup Exceptional Workplace 2023 award. We were also named in the LinkedIn Top 25 Companies List 2021, the Glassdoor Best Places to Work UK List 2023 and 2024, and were recognised as a certified UK Top Employer by the Top Employers Institute in 2023 and 2024.
We offer a supportive culture where we empower and inspire our people to perform, offer them opportunities to grow, and recognise and reward their contribution. Our people are proud to work for a company that respects them and their communities, and they trust us to be financially sustainable, so we are successful now and in the future.
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