Underwriter

NHBC company; Milton Keynes; Hybrid; GBP 42,000 - 64,000; Full time

Benefits offered by this job

27 days annual leave + bank holidays

Enhanced pension scheme (up to 10.5%)

Life assurance

Subsidised private medical insurance

Employee discounts platform

Enhanced parental leave and pay for新

Flexible working where possible

Job summary

NHBC is seeking an Underwriter to assess referred cases, major projects and surety/bonds, applying sound, evidence-based judgments within delegated authority. You will evaluate risk factors, determine terms, and work with internal and external stakeholders to improve underwriting processes.

The role requires construction knowledge and a degree or equivalent experience. This is a hybrid position with 2 days in the office, located in Milton Keynes/London.

Qualifications

• Relevant underwriting experience with delegated authority.
• Experience assessing risks in referred-case underwriting, major projects or surety/bonds.
• Strong understanding of underwriting principles and risk assessment methodologies.
• Good technical judgement for complex risks and clear conclusions.
• Knowledge of construction methods and related credit/counterparty risks.

Responsibilities

• Assess referred cases, major projects and surety/bond submissions within delegated authority.
• Evaluate risk factors including construction methods, design, contractor capability and financial strength.
• Determine underwriting terms, conditions and security requirements.
• Escalate complex or non-standard cases and seek specialist guidance.
• Engage with stakeholders to gather information and explain underwriting requirements.
• Identify opportunities to improve underwriting processes and guidelines.

Skills

Underwriting experience

Risk assessment

Stakeholder communication

Technical judgement

Construction knowledge

Credit risk understanding

Education

Degree or professional experience

Job description

Working Location: Milton Keynes/London, Hybrid working, 2 days in office

Employment Type: Full Time, Permanent

Closing Date: 18 th November 2026

Job summary

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

Our benefits package includes:

• 27 days annual leave + bank holidays
• enhanced pension scheme (up to 10.5%)
• life assurance
• subsidised private medical insurance
• employee discounts platform
• enhanced maternity, paternity, adoption leave and pay for all new parents

+ many more!

Who we are

At NHBC, we pride ourselves on being truly unique. No other organisation in our sector matches the range of services and scale we provide. As the market leader, we are recognised as the go-to for new home warranties and insurance. Our team is united by a core purpose: to raise the standards of house building and protect homeowners.

Why you should join us

As a modern, family-friendly employer, we’re in a phase of rapid growth, embracing technology, data and new ways of working. We’re seeking passionate, skilled and driven individuals to join us on this exciting journey.

Once onboard, you’ll have access to fantastic opportunities for personal and career growth. You’ll receive thorough training, continuous development and the chance to earn recognised qualifications and professional memberships to support your journey.

We support flexible working and encourage our colleagues to find a balance that suits them. While we may not be able to accommodate every request, we’re always happy to have a conversation about flexible working arrangements.

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.

Why NHBC

Work for the UK’s leading independent provider of warranty and insurance for new-built homes.

We have a range of job opportunities across the UK, including field and home-based roles within corporate, business operations and field tech. We welcome experienced professionals and those new to the world of work such as trainees, and with our flexible working approach we are open to helping you find a role that works for you.

Why work for NHBC

NHBC colleagues have access to a wide range of additional benefits and we ensure our packages are attractive to current and potential employees.

Flexibility

Working flexibly is part of our commitment to supporting a positive work-life balance and we are always happy to talk about flexible and hybrid working, wherever possible.

Bonus

We offer a yearly performance based bonus to all employees based on a percentage of salary.

27 days holiday + bank holidays with the opportunity to purchase extra days.

Enhanced leave and pay

We offer equalised maternity, paternity, adoption leave and pay for all new parents.

We recognise the valuable contribution that our colleagues make, benchmarking our salaries, against the wider market to ensure our packages are attractive.

Our Diversity Equity and Inclusion (DE&I) strategy is focused on providing a shared direction and commitment for the organisation to respect and value our diverse workforce and continue to build a more inclusive workplace. We aim to attract and retain a workforce that represents the communities in which we work.

National House-Building Council and its subsidiaries (NHBC) engage with preferred recruiters or agencies on a formal basis. NHBC is unable to accept applications from recruiters or agencies who do not have signed terms of business with NHBC. If unsolicited applications or CVs are received from recruiters or agencies with or without such an agreement, NHBC will neither consider nor agree to any payment to that party.