Engineering Insurance Underwriter

Engineering Insurance Underwriter

• Join NFU Mutual at an exciting time of commercial portfolio diversification and growth
• Help shape our engineering insurance strategy and further your career in a varied and rewarding role
• 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 to help support the company’s planned growth.

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:

• 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
• 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 and ensuring we are in the best position to meet our current and new business requirements

About you

We are seeking a professional with 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 -

• A background in a head office function ideally, 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.

Benefits and Rewards

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

• Salary up to £45,000 depending on experience
• Annual bonus (up to 10% 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 - 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.

Working pattern: Full-time

Salary: £50,000 - £60,000 + 17.5% annual bonus + benefits packag