Underwriter

New Yesterday

Job Description

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:

  • Additional bonus scheme
  • Company pension
  • Employee discounts
  • On-site parking
  • Hybrid working

Apply
Location:
Reading
Category:
Finance And Insurance

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