Salary – £30,987 + up to 10% annual bonus, with annual pay reviews and incremental increases as you develop
Start date – September 2026 – earlier start dates also available if desired.
Scheme length – 3 years
Location – Stratford-upon-Avon, hybrid work depending on business needs
Criteria: Minimum 2:1 degree with strong numerical or analytical components (all disciplines considered).
About the Scheme
Pricing plays a key role in setting the cost of our insurance policies. The team analyse data, assess risks, and predict trends to ensure premiums are fair and competitive. By balancing customer needs with business goals, they help NFU Mutual stay profitable while offering great value to our customers. It’s all about using insights and smart thinking to get the price right.
Our Pricing team is forward-thinking and innovative, using tools such as predictive modelling, machine learning, and advanced data analytics to support commercial growth projects, trend analysis, street pricing, and market benchmarking. They’re also closely involved in strategic internal initiatives, helping shape the future of our business.
With a strong “grow our own” culture, we’re dedicated to developing future leaders – whether your strengths lie in technical expertise or people management. You’ll benefit from mentorship, continuous learning, and hands-on experience that will stretch and challenge you. Alongside this, you’ll develop skills that align with NFU Mutual’s My Development Framework – from technical expertise and problem solving to collaboration, communication, and customer focus – preparing you for a long-term career with us. There’s also the chance to pursue professional qualifications in areas like Data Science, positioning you at the forefront of industry innovation. Join us and be part of a team that truly invests in your growth and success.
What you can expect
In our exciting 3-year scheme, you’ll dive into various aspects of insurance pricing with a wide range of responsibilities, including:
- Extracting, cleaning, and analysing data for modelling purposes.
- Conducting complex analyses – like multivariate, root cause, and performance testing – to inform continuous improvement of our data and models.
- Refining and operating pricing models and reporting results to support informed business decisions.
- Developing rating logic that ensures effective pricing outcomes.
- Implementing quality control processes to guarantee that our models and data deliver the expected outputs.
- Preparing reports, communicating findings, addressing queries, and taking ownership of follow-up actions to provide excellent service to both the team and business stakeholders.
You’ll work collaboratively on daily tasks while also having the chance to participate in exciting projects and change initiatives.
We’ll support your career development with a structured plan that includes biannual performance reviews, each offering the potential for competitive salary increases and progression to the next level. Join us and shape the future of pricing!
Your future
Throughout the scheme, you’ll strengthen your core skills, earn qualifications, and develop essential competencies to set you up for a successful career. You’ll be fully supported along the way, with a dedicated buddy and mentor, plus a strong network of current and former graduates. As you near the end of the scheme, a careers coach will be there to guide you in planning your next steps.
It’s not all about work either. We encourage our graduates to get involved in extracurricular activities, from volunteering and organising charity or social events to representing NFU Mutual at industry events, all in line with our Environmental, Social, and Governance (ESG) framework.
Application Process
If your application is shortlisted, you’ll be invited to complete an online assessment designed to measure your potential for success, such as your ability to learn and solve problems. Should you be successful, you’ll move on to a short video interview. The final stage will be an in-person assessment centre, where you’ll participate in a variety of activities, including a group exercise, a role-specific exercise, and a skills-based interview. These are set to take place on 4th and 9th December.
Please note this vacancy may close at any time once sufficient applications have been received. Early submission of your application is therefore encouraged.
What we’re looking for
To join this scheme, you’ll need to have achieved, or be on track for, at least a 2:1 degree. We welcome applications from a wide range of disciplines, not just STEM. If your studies – for example in economics, business, finance, geography, psychology, politics, sociology, philosophy, or even humanities subjects like history or linguistics – have equipped you with strong numerical, analytical, or problem-solving skills, we’d love to hear from you.
You’ll have a passion for learning and a curious mind, and we’ll also be looking out for:
- Teamwork and collaboration skills – essential for working alongside diverse teams to share insights and tackle pricing challenges.
- Communication skills – crucial for clearly presenting complex analyses and data-driven recommendations to stakeholders.
- Analytical skills – key for dissecting data sets and conducting sophisticated analysis, enabling you to identify trends and improve pricing models.
- Digital literacy – important for when learning our variety of tools and software, such as Emblem, Radar, ‘R’, SQL, and Python.
- Problem-solving ability – important for tackling complex challenges, thinking creatively, and finding practical solutions that add real value.
- Self-motivation and adaptability – vital for taking initiative on projects and adjusting to changes in a dynamic industry.
If you’re able to bring these, we can teach you the rest.
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.
Working at NFU Mutual
- Salary – £30,987
- 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.
About NFU Mutual
We are a leading provider of General Insurance and Financial Services. From our strong farming roots we’ve grown to become a UK-wide organisation, turning over £1billion annually. Yet success hasn’t gone to our heads. We’re proud to remain completely customer focused, down-to-earth and committed to the rural communities we’ve grown from.
Our ethos – of trust, respect and personal service – lies at the heart of all we do and has seen us build an enviable reputation for exceptional member loyalty. Though we’ve been in business for over 110 years, we have big ambitions for the future. And that’s why we’re looking for talented people to join our growing organisation. Talented people like you.
