Construction Risk Underwriter - Major Projects & Bonds

NHBC; Milton Keynes; Hybrid; GBP 47,000 - 57,000; Full time

Benefits offered by this job

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, adoptio

Job summary

NHBC is seeking an Underwriter in Milton Keynes/London, offering hybrid working with 2 days in the office. The role involves assessing referred cases, major projects, and surety/bonds, applying underwriting standards and delegated authority to make evidence-based decisions.

You will evaluate risk factors such as construction methods and contractor capability, explain decisions to stakeholders, and contribute to ongoing process improvements while delivering a competitive salary and a 6%

Qualifications

• Relevant underwriting experience with delegated authority.
• Experience assessing risks in referred-case underwriting, major projects, or surety and bonds.
• Strong understanding of underwriting principles, risk assessment methodologies, risk selection and delegated authority.
• Good technical judgement for assessing complex risks and reaching evidence-based conclusions.
• Knowledge of construction methods and credit/counterparty risks.
• Confident communication skills with the ability to explain decisions and build stakeholder relationships.
• A degree or equivalent relevant professional experience.

Responsibilities

• Assess referred cases, major projects and surety/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.

Skills

Underwriting experience

Risk assessment

Delegated authority

Construction knowledge

Communication skills

Credit risk awareness

Education

Bachelor's degree or equivalent

Job description

NHBC is seeking an Underwriter in Milton Keynes/London, offering hybrid working with 2 days in the office. The role involves assessing referred cases, major projects, and surety/bonds, applying underwriting standards and delegated authority to make evidence-based decisions.

You will evaluate risk factors such as construction methods and contractor capability, explain decisions to stakeholders, and contribute to ongoing process improvements while delivering a competitive salary and a 6%