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- Tasks: Lead underwriting and pricing for automotive warranties and insurance products.
- Company: Join a well-established insurance provider with a strong market presence.
- Benefits: Enjoy hybrid working, bonuses, pension, employee discounts, and on-site parking.
- Why this job: Shape underwriting frameworks and collaborate on innovative product development.
- Qualifications: 2-3 years in motor-related underwriting, strong analytical skills, and FCA knowledge required.
- Other info: Must live within 40 minutes of Reading for hybrid work.
The predicted salary is between 36000 - 60000 £ per year.
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This range is provided by Calibre Candidates. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
We are partnering with a well-established Insurance provider to appoint an experienced Underwriter. This role will take full responsibility for pricing and risk strategy across a portfolio of automotive-related warranty and insured products, including GAP insurance, breakdown cover, and MOT protection. This is a key position within the business, offering the opportunity to shape underwriting frameworks, manage risk exposure, and support the development of new product offerings. The ideal candidate will bring a strong mix of technical underwriting capability, commercial insight, and a sound understanding of FCA-regulated products.
Key Responsibilities:
- Lead the underwriting and pricing of extended warranties and ancillary insured products
- Analyse claims trends, performance data, and loss ratios to inform pricing strategies
- Conduct detailed analytics on pricing performance, identifying opportunities to optimise margins, improve competitiveness, and support commercial decision-making
- Maintain underwriting criteria, eligibility matrices, and risk tolerances
- Collaborate with cross-functional teams to ensure underwriting aligns with broader business objectives
- Liaise with insurer and reinsurance partners to monitor performance, compliance, and capacity
- Support the launch of new products through pricing model development and risk assessment
- Deliver regular reporting and performance analysis across product lines
Requirements:
- Minimum 2–3 years’ experience in a motor-related underwriting role
- Strong analytical skills, with advanced Excel proficiency (SQL or similar tools beneficial)
- Proven experience in applying analytics to monitor, evaluate, and refine pricing strategies
- Solid understanding of FCA regulations and Treating Customers Fairly (TCF) principles
- Strong commercial acumen with the ability to apply risk-based thinking to strategy
- Comfortable working autonomously and cross-functionally
- Own vehicle and living within 40 mins’ drive of Reading for 2/3 hybrid days (not central)
Benefits include:
- Company pension
- On-site parking
Seniority level
-
Seniority level
Mid-Senior level
Employment type
-
Employment type
Full-time
Job function
-
Job function
Analyst, Strategy/Planning, and General Business
-
Industries
Insurance and Motor Vehicle Parts Manufacturing
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Underwriter employer: Calibre Candidates
Contact Detail:
Calibre Candidates Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in automotive insurance and warranty products. Understanding the market landscape will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your analytical skills, especially in Excel. Being able to showcase your proficiency in data analysis during discussions can set you apart from other candidates, as this role heavily relies on data-driven decision-making.
✨Tip Number 3
Network with professionals in the insurance industry, particularly those involved in underwriting. Engaging with others in the field can provide valuable insights and potentially lead to referrals that could enhance your application.
✨Tip Number 4
Prepare to discuss FCA regulations and Treating Customers Fairly principles in detail. Being well-versed in these topics will show that you are not only qualified but also committed to ethical practices in underwriting.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in motor-related underwriting roles. Emphasise your analytical skills and any relevant achievements in pricing strategies, as these are key for the Underwriter position.
Craft a Compelling Cover Letter: In your cover letter, explain why you are passionate about underwriting and how your background aligns with the responsibilities outlined in the job description. Mention specific experiences that demonstrate your understanding of FCA regulations and risk management.
Showcase Analytical Skills: Since strong analytical skills are crucial for this role, consider including examples of how you've used data analysis to inform pricing strategies or improve product performance in previous positions.
Highlight Collaboration Experience: The role requires collaboration with cross-functional teams, so be sure to mention any relevant experiences where you've successfully worked with others to achieve business objectives, particularly in an insurance or financial services context.
How to prepare for a job interview at Calibre Candidates
✨Showcase Your Analytical Skills
As an Underwriter, strong analytical skills are crucial. Be prepared to discuss specific examples of how you've used data analysis to inform pricing strategies or assess risk in previous roles. Highlight your proficiency in Excel and any experience with SQL or similar tools.
✨Understand FCA Regulations
Demonstrating a solid understanding of FCA regulations and Treating Customers Fairly (TCF) principles is essential. Brush up on these topics before the interview and be ready to explain how you have applied them in your past work.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your decision-making and risk assessment abilities. Think about past situations where you had to make tough underwriting decisions and be ready to walk the interviewer through your thought process.
✨Emphasise Collaboration Skills
This role requires collaboration with cross-functional teams. Be sure to share examples of how you've successfully worked with others to achieve common goals, particularly in relation to product development or performance monitoring.
