At a Glance
- Tasks: Assess and manage risk, making informed underwriting decisions on complex cases.
- Company: Join NHBC, the market leader in new home warranties and insurance.
- Benefits: Enjoy 27 days leave, enhanced pension, private medical insurance, and more!
- Other info: Flexible working options and a commitment to an inclusive culture.
- Why this job: Be part of a modern, family-friendly employer with exciting growth opportunities.
- Qualifications: Relevant underwriting experience and strong communication skills required.
The predicted salary is between 47000 - 57000 £ per year.
As an Underwriter at NHBC, you'll play a key role in assessing and managing risk, making sound, evidence-based underwriting decisions across referred cases, major projects, and surety and bonds. Using your technical knowledge and judgement, you'll evaluate complex risks, determine appropriate terms and conditions, and ensure decisions are made in line with underwriting standards and delegated authority. You'll also work closely with internal and external stakeholders, contributing to continuous improvements in our underwriting processes.
What you’ll be doing:
- Assess referred cases, major projects and surety and bond submissions, making informed underwriting decisions within your delegated authority.
- Evaluate key risk factors, including construction methods, design, contractor capability and financial strength.
- Determine appropriate underwriting terms, conditions and security requirements.
- Identify potential risks, escalating complex or non-standard cases and seeking specialist guidance where needed.
- Engage with internal and external stakeholders to gather information, clarify submissions and explain underwriting requirements.
- Identify opportunities to improve underwriting processes, guidelines and decision-making.
What we’re looking for:
- Relevant underwriting experience, with the ability to make sound case-level decisions within delegated authority.
- Experience assessing risks in at least one of the following areas: referred-case underwriting, major projects, or surety and bonds.
- A good understanding of underwriting principles, risk assessment methodologies, risk selection and delegated authority.
- Strong technical judgement, with the ability to assess complex risks and reach clear, evidence-based conclusions.
- Knowledge of construction methods and an understanding of credit and counterparty risks.
- Confident communication skills, with the ability to explain decisions and build effective stakeholder relationships.
- A degree or equivalent relevant professional experience.
What we offer:
- 27 days annual leave + bank holidays
- Holiday purchase scheme
- Enhanced pension scheme (up to 10.5%)
- Life assurance
- Subsidised private medical insurance
- Employee discounts platform
- Two days volunteer leave
- Enhanced maternity, paternity, adoption leave and pay for all new parents
- + many more!
Our inclusive culture:
We are dedicated to fostering an inclusive culture where everyone feels empowered to bring their authentic selves to work. We firmly believe in the right of all our employees and customers to be treated fairly, with dignity and respect, and free from discrimination. Our active employee networks support colleagues and their allies, providing safe spaces for open conversations and idea-sharing.
We are a Disability Confident organisation committed to fair and inclusive recruitment. Our first step is to review applications to ensure candidates meet the essential criteria for the role. We assess skills, experience, and potential objectively, and provide support or reasonable adjustments where needed. Candidates who meet the criteria will progress to the next stage.
Underwriter in London employer: NHBC
At NHBC, we are proud to be a modern, family-friendly employer located in Lichfield, offering a dynamic work environment that prioritises employee growth and development. With a comprehensive benefits package, including generous leave, enhanced pension schemes, and opportunities for continuous training, we empower our team to thrive while making a meaningful impact in the housebuilding sector. Join us to be part of an inclusive culture that values diversity and supports flexible working arrangements, ensuring you can balance your professional and personal life effectively.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like NHBC). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like NHBC. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Underwriter in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at NHBC.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at NHBC. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at NHBC
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at NHBC to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at NHBC, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding NHBC's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
