Risk Analyst

NFU Mutual; Stratford-upon-Avon; Hybrid; GBP 36,000 - 44,000; Full time

Benefits offered by this job

Salary up to £40,000

Annual bonus up to 10%

Contributory pension scheme

25 days annual leave

Health and wellbeing plan

Employee discounts on insurance

Job summary

NFU Mutual in Stratford-upon-Avon is seeking a Risk Analyst - Corporate Insurance to join the Enterprise Risk Management Team. The role involves managing insurance programs, analyzing risks, and liaising with various stakeholders. Candidates should have experience in insurance roles and be skilled in data analysis and clear communication. The position offers hybrid work with up to 80% homeworking, a salary of up to £40,000, and various benefits including a contributory pension and annual bonus.

Qualifications

• Experience in a Risk role or related fields like underwriting or claims.
• Confidence in analyzing data and presenting insights clearly.
• Strong ability to communicate complex information effectively.

Responsibilities

• Manage insurance programs across the organization.
• Provide insight and coordination for claims and renewals.
• Support the business in understanding insurance risks.

Skills

Experience in insurance

Data analysis

Written communication

Verbal communication

Pragmatic problem-solving

Microsoft Office proficiency

Job description

• Manage and shape insurance programmes across a complex organisation
• Work closely with brokers, insurers and senior stakeholders to protect the Group
• Hybrid role, working with up to 80% homeworking, based from Stratford-upon-Avon

About the role:

Due to an internal promotion, we’re seeking a Risk Analyst - Corporate Insurance to join our Enterprise Risk Management Team within the Risk Division. You’ll have responsibility for a variety of tasks focused on ensuring NFU Mutual purchase, and manage, an appropriate insurance programme that balances risk, value for money and the needs of the business.

You’ll manage the day-to-day activities and be the first point of contact to the business for queries, advice and claims across a board portfolio of insurance policies, including property, motor, professional indemnity, directors’ and officers’ and cyber. You’ll play a crucial part in collating, analysing, monitoring, and reporting data and management information, to inform business decision making, ensuring high-quality information is shared with brokers, insurers and internal stakeholders. You’ll provide critical insight and information to coordinate claims, mid-term adjustments and renewals.

As a Risk Analyst - Corporate Insurance, you will have a good understanding of insurance products particularly those that we purchase, and the risks of the business, to provide assurance or identify gaps and recommend solutions. You’ll have a strong understanding of how risks arise in practice. This will involve fact-finding, constructively challenging assumptions and helping determine whether risks should be transferred through insurance or managed internally, in line with risk appetite. You’ll develop and maintain an understanding of the external insurance market, including claims experience, market conditions and new products through your relationships within the business and external network.

As part of a small, knowledgeable team, you’ll be involved in a wide range of activity. This includes interpreting and explaining policy wordings, supporting other areas of the business that purchase insurance, and preparing presentations and reports for senior stakeholders. You’ll take ownership of specific tasks, contribute to team priorities, and identify opportunities for improvement or project work.

This role offers exposure to a variety of business areas, information and tasks allowing you to make a real difference to the success of our organisation.

This role is based in our Tiddington Head Office, just outside Stratford-Upon-Avon. To support with your induction and onboarding, you’ll be in the office for 40% - 60% of your hours. However, we understand how important a positive work-life balance is, so to help you give your best, we offer great facilities when you want to be in an office environment and support to work up to 80% of your hours from home.

Internally, this role is known as Risk Analyst (Group)

About you:

You already have experience working within insurance, whether developed in a similar Risk role, or areas such as underwriting, claims or broking (essential). You enjoy using your judgement and curiosity to understand risk and support better decision making. Comfortable working with data and information, you’re confident turning insight into clear, meaningful outputs for a range of stakeholders and taking ownership of your work from start to finish.

To succeed in this role, you’ll also bring:

• Experience using Microsoft Word, Excel, PowerPoint and SharePoint to analyse, present and share information clearly - Essential
• The ability to think pragmatically, approaching problems in a logical and structured way
• Strong written and verbal communication skills, with the confidence to convey complex information clearly
• A proactive and inquisitive mindset, with the initiative to identify opportunities and address issues early
• A high level of accountability, taking responsibility for your decisions and delivering on commitments

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 and share a common vision of doing the right thing for our customers and employees.

We recognise that some candidates may experience barriers during the recruitment process. So, we encourage candidates to discuss any adjustments or accommodations they need to be the best they can be throughout our recruitment process.

We're proud to be a Disability Confident Employer, a Race at Work and Women in Finance Charter signatory and welcome applications from people of all backgrounds, regardless of age, ethnicity, disability, neurodiversity, gender, religion, marital status, sexual orientation, or socioeconomic background.

Benefits and Rewards:

When you join our team, you can expect a supportive culture and an attractive range of rewards and benefits including:

• Salary up to £40,000
• Annual bonus (up to 10% 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.
• Salary sacrifice employee car scheme - subject to eligibility