Underwriter

JR United Kingdom; Slough; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A leading insurance provider in the UK seeks an experienced Underwriter to manage pricing and risk strategy for automotive-related products, including GAP insurance and breakdown cover. The role involves analyzing claims trends, collaborating with teams to align underwriting with business objectives, and supporting new product development. Candidates should have 2-3 years in motor-related underwriting and strong analytical skills, with advanced Excel proficiency being essential. Benefits include a bonus scheme, pension, and hybrid working model.

Benefits

Additional bonus scheme

Company pension

Employee discounts

On-site parking

Qualifications

• Minimum 2–3 years’ experience in a motor-related underwriting role.
• Proven experience in applying analytics to refine pricing strategies.
• Comfortable working autonomously and cross-functionally.

Responsibilities

• Lead underwriting and pricing of extended warranties.
• Analyse claims trends and performance data.
• Collaborate with cross-functional teams for alignment.

Skills

Analytical skills

Advanced Excel proficiency

Understanding FCA regulations

Commercial acumen

Tools

SQL

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 productsAnalyse claims trends, performance data, and loss ratios to inform pricing strategiesConduct detailed analytics on pricing performance, identifying opportunities to optimise margins, improve competitiveness, and support commercial decision-makingMaintain underwriting criteria, eligibility matrices, and risk tolerancesCollaborate with cross-functional teams to ensure underwriting aligns with broader business objectivesLiaise with insurer and reinsurance partners to monitor performance, compliance, and capacitySupport the launch of new products through pricing model development and risk assessmentDeliver regular reporting and performance analysis across product linesRequirements:Minimum 2–3 years’ experience in a motor-related underwriting roleStrong analytical skills, with advanced Excel proficiency (SQL or similar tools beneficial)Proven experience in applying analytics to monitor, evaluate, and refine pricing strategiesSolid understanding of FCA regulations and Treating Customers Fairly (TCF) principlesStrong commercial acumen with the ability to apply risk-based thinking to strategyComfortable working autonomously and cross-functionallyOwn vehicle and living within 40 mins’ drive of Reading for 2/3 hybrid days (not central)Benefits include:Additional bonus schemeCompany pensionEmployee discountsOn-site parkingHybrid working