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For Companies At a Glance
- Tasks: Join our dynamic team as an Underwriter, focusing on Credit and Political Risks.
- Company: IQUW is a cutting-edge (re)insurer at Lloyd’s, specialising in diverse insurance products.
- Benefits: Enjoy a collaborative work environment with opportunities for growth and development.
- Why this job: Be part of a next-gen team making impactful decisions in the insurance industry.
- Qualifications: Experience in underwriting within the Lloyd’s market and strong sales skills are essential.
- Other info: Ideal for those who thrive in a fast-paced, analytical role with a focus on relationship building.
The predicted salary is between 43200 - 72000 £ per year.
Overview
About us
IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.
The role
The role of an Underwriter at IQUW is challenging yet rewarding. The role offers the opportunity to become a key member of a leading, next generation underwriting team within IQUW Group’s growing Credit and Political Risks team.
Our global offering indemnifies DFIs, commercial banks, traders, ECAs and corporates on their lending and asset exposures to contractual counterparties. These counterparties include both corporate (CR) and (sub-)sovereign (CF) entities, with the CR component being a particular growth area for us. The CR book currently consists of investment-grade counterparties and well-known structures including term loans, RCFs, LCs, and others.
The key to success in this role will be a highly detailed and analytical underwriting approach, pro-active relationship management with a profit driven focus. You will also need excellent organisational skills.
Key responsibilities
- In collaboration with the Lead Underwriter, you will be responsible for delivering the approved Credit and Political Risk class of business plan and providing input towards the longer-term strategy.
- Demonstrate underwriting excellence across the CPRI portfolio by adhering to Lloyd’s regulatory framework along with IQUW risk appetite, standards and guidelines, rating and pricing adequacy.
- Underwrite all elements of the CPRI portfolio with a particular focus on Credit risks.
- Identify new opportunities for expansion of the CPRI portfolio, in accordance with the strategy set for the syndicate.
- Maintain high quality underwriting, appropriate exposure assessment, contractual terms and adherence to respective rules and guidelines.
- Assist with the development of the pricing models to support the underwriting/pricing of the portfolio.
- Maintain and establish strong relationships with our clients, intermediaries, and promote the IQUW brand.
- Provide a compelling and knowledgeable service offering to brokers and clients, making IQUW a go-to Market for CPRI.
- Adhere to IQUW Group’s compliance framework, policies and procedures and ensuring compliance with key regulatory and risk management responsibilities.
Essential qualifications, skills and experience
- A proven track record of and known reputation of underwriting in the Lloyd’s market across various segments of the Credit and Political Risk class.
- Excellent sales skills and an insatiable appetite to increase the profitability of the portfolio.
- A great communicator who can work with people at all levels, being just as comfortable with clients and leaders in the industry as they are with their own team.
- Excellent Broker and Client relationships and the ability to develop business from a variety of sources.
- Deep underwriting and portfolio management knowledge of the Credit and Political Risk class of business..
- Preference for a mixed skill-set of mature and emerging market underwriting experience, with a focus on Credit risks.
- Ability to run market standard credit risk assessment tools and ability to develop additional in-house capability as appropriate.
- Experience in collaborating with and influencing stakeholders inside and outside of the business.
Desirable behavioural attributes
- Interpersonal and relationship building skills.
- Strategic thinker, highly adaptable and resourceful in problem solving.
- Decisive in nature, displaying good judgement in decisions and taking responsibility for outcomes.
- Highly articulate and numerate.
- A team player.
- Innovative and able to generate creative solutions.
- Highly organised with a clear ability to prioritise and deliver on allocated tasks.
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Contact Detail:
IQUW Property Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Credit and Political Risk
✨Tip Number 1
Familiarise yourself with the Lloyd's market and its regulatory framework. Understanding the nuances of underwriting in this environment will give you a significant edge during interviews and discussions.
✨Tip Number 2
Network with professionals already working in the Credit and Political Risk sector. Attend industry events or webinars to connect with potential colleagues and gain insights into current trends and challenges.
✨Tip Number 3
Showcase your analytical skills by preparing case studies or examples of past underwriting experiences. Be ready to discuss how you approached risk assessment and decision-making in previous roles.
✨Tip Number 4
Demonstrate your relationship management abilities by preparing to discuss how you've successfully built and maintained client relationships in the past. Highlight any specific strategies you've used to enhance client satisfaction.
We think you need these skills to ace Underwriter - Credit and Political Risk
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Underwriter position at IQUW. Tailor your application to highlight your relevant experience in underwriting within the Lloyd’s market.
Highlight Relevant Experience: In your CV and cover letter, emphasise your proven track record in underwriting, particularly in Credit and Political Risk. Mention specific examples of how you've successfully managed portfolios and developed client relationships.
Showcase Analytical Skills: Given the analytical nature of the role, include examples that demonstrate your analytical skills and attention to detail. Discuss any experience with pricing models or credit risk assessment tools that aligns with the job requirements.
Craft a Compelling Cover Letter: Your cover letter should not only express your interest in the role but also convey your understanding of IQUW's mission and values. Make it personal by explaining why you want to be part of their team and how you can contribute to their success.
How to prepare for a job interview at IQUW Property Insurance
✨Showcase Your Underwriting Expertise
Make sure to highlight your experience in underwriting within the Lloyd’s market, especially in Credit and Political Risk. Be prepared to discuss specific cases where you successfully assessed risks and made profitable decisions.
✨Demonstrate Analytical Skills
Since the role requires a detailed and analytical approach, be ready to provide examples of how you've used data and analysis to inform your underwriting decisions. Discuss any tools or models you've developed or used in the past.
✨Emphasise Relationship Management
IQUW values strong relationships with clients and brokers. Prepare to talk about your experience in building and maintaining these relationships, and how you've successfully collaborated with stakeholders to drive business growth.
✨Prepare for Strategic Discussions
As the role involves contributing to long-term strategy, think about how you can align your personal goals with IQUW's objectives. Be ready to discuss your vision for expanding the CPRI portfolio and how you would approach this strategically.
