At a Glance
- Tasks: Shape underwriting strategy and manage farm insurance accounts with a focus on data analysis.
- Company: Join NFU Mutual, a leading UK insurance company with over 110 years of customer-centric service.
- Benefits: Enjoy remote work options, generous annual leave, and a supportive culture with various perks.
- Why this job: Make a real impact in the agricultural sector while developing your skills in a dynamic environment.
- Qualifications: Experience in general insurance underwriting and strong analytical skills are essential.
- Other info: We celebrate diversity and encourage applicants from all backgrounds to apply.
The predicted salary is between 43200 - 84000 £ per year.
This role offers an opportunity to influence the shaping of our underwriting strategy and risk appetite, blending technical underwriting with strategic project involvement. You can work from home up to 80% of your time to achieve a work-life balance that suits you.
In the role of Senior Portfolio Underwriter Farm & Estates at NFU Mutual, you'll be at the forefront of shaping our underwriting strategy and ensuring its effective execution across our farm and estates segment. The position allows you to apply your expertise in underwriting to develop and refine risk appetite, determine appropriate rules and terms, and deliver profitable growth while managing insurance risk.
Your responsibilities will include:
- Deep dives into data and metrics to understand performance deviations and inform strategy adjustments.
- Managing a defined segment of the farming account, taking a holistic approach to customer management.
- Handling complex cases and referrals, ensuring compliance with regulatory requirements and fair outcomes for our members.
- Shaping the future risk mix and setting clear strategies for our front line underwriting teams.
- Enhancing your industry knowledge by attending farm shows, trade exhibitions, and conferences.
We're seeking an experienced underwriting professional with a strong technical background in Farm insurance. You will have demonstrable ability to effectively manage underwriting accounts and portfolios as well as input into the underwriting agenda and risk appetite. If you have prior experience or exposure to underwriting renewables risks, that would be beneficial, however it is not an essential requirement for the role.
We're looking for:
- Extensive experience: A proven track record in general insurance underwriting, particularly in managing risk selection and account performance.
- Technical expertise: Strong technical skills in underwriting Farm products, with a good understanding of wider functions such as pricing.
- Analytical skills: Proficient in data analysis and report writing, enabling strategic decision making and insight generation.
- Presentation skills: Excellent presentation abilities, capable of communicating complex ideas clearly and persuasively to a range of audiences.
- Stakeholder management and influencing skills: Strong relationship-building and influencing skills, adept at managing diverse stakeholders and fostering collaborative environments.
- Problem solving and critical thinking: Ability to analyse complex challenges, identify key issues, and develop effective solutions.
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.
When you join our team, you can expect a supportive culture and an attractive range of rewards and benefits including:
- Salary up 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 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.
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 we're one of only 60 companies across the globe to receive a Gallup Exceptional Workplace 2024 award.
Senior Portfolio Underwriter Farm & Estates employer: NFU Mutual
Contact Detail:
NFU Mutual Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Portfolio Underwriter Farm & Estates
✨Tip Number 1
Familiarise yourself with the latest trends in farm insurance and risk management. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving industry.
✨Tip Number 2
Network with professionals in the agricultural insurance sector. Attend relevant conferences, trade shows, or webinars to connect with potential colleagues and learn more about the company culture at NFU Mutual.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed underwriting accounts and influenced strategic decisions in your previous roles. This will showcase your analytical skills and ability to drive performance.
✨Tip Number 4
Highlight your stakeholder management experience. Be ready to explain how you've built relationships and collaborated with diverse teams, as this is crucial for the role of Senior Portfolio Underwriter.
We think you need these skills to ace Senior Portfolio Underwriter Farm & Estates
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience in general insurance underwriting, particularly in managing risk selection and account performance. Use specific examples that demonstrate your technical expertise in Farm products.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the agricultural industry and how your skills align with the role's requirements. Mention your analytical skills and ability to communicate complex ideas clearly, as these are crucial for the position.
Showcase Stakeholder Management Skills: Provide examples of how you've successfully managed diverse stakeholders in previous roles. Highlight your relationship-building and influencing skills, as these will be key in this position.
Prepare for Data Analysis Questions: Since the role involves deep dives into data and metrics, be ready to discuss your experience with data analysis and report writing. Prepare to share insights from past experiences that demonstrate your strategic decision-making abilities.
How to prepare for a job interview at NFU Mutual
✨Showcase Your Technical Expertise
As a Senior Portfolio Underwriter, it's crucial to demonstrate your strong technical skills in underwriting Farm products. Be prepared to discuss specific examples from your experience that highlight your ability to manage risk selection and account performance effectively.
✨Prepare for Data Analysis Questions
Given the role's emphasis on data analysis, brush up on your analytical skills. Be ready to explain how you've used data to inform strategic decisions in previous roles, and consider bringing examples of reports or analyses you've conducted.
✨Demonstrate Stakeholder Management Skills
This position requires strong relationship-building abilities. Think of instances where you've successfully managed diverse stakeholders or influenced decision-making processes. Be ready to share these experiences during the interview.
✨Communicate Clearly and Persuasively
Excellent presentation skills are essential for this role. Practice articulating complex ideas in a clear and concise manner. You might even want to prepare a brief presentation on a relevant topic to showcase your communication skills during the interview.