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