Underwriter

Overview

Job Role: Underwriter

Salary: £47,000 - £57,000 + 6% performance bonus

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

Employment Type: Full Time, Permanent

Closing Date: 18th 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
• 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, 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.