At a Glance
- Tasks: Underwrite Trade Credit risks and build relationships with brokers and clients.
- Company: Join a leading global insurer with ambitious growth plans.
- Benefits: Competitive salary, career development, and exposure to diverse markets.
- Other info: Opportunity to innovate with technology and AI in underwriting.
- Why this job: Make an impact in a dynamic underwriting team while developing your skills.
- Qualifications: Experience in financial risk, strong analytical skills, and a commercial mindset.
The predicted salary is between 55000 - 65000 £ per year.
Avencia are partnered with a leading global insurer who are looking to hire a Trade Credit Underwriter to join their team in London. This is a fantastic opportunity to join a highly regarded and well-established underwriting team with ambitious growth plans across the UK and international markets. The role offers a blend of both risk and commercial underwriting, with exposure to a broad portfolio of corporate and banking clients across multiple territories and sectors. The business is particularly keen to attract well-rounded underwriters with strong credit analysis and risk assessment capabilities, alongside the commercial mindset needed to help develop broker and client relationships. They are also open to individuals looking to broaden their experience within trade credit.
Key responsibilities
- Underwriting new and existing Trade Credit risks across a diverse portfolio
- Supporting the growth and development of broker and client relationships
- Conducting detailed financial and credit analysis on submissions
- Assessing trade and export finance risks, including single risk and whole turnover business
- Preparing and presenting underwriting submissions for peer review
- Negotiating policy terms and conditions
- Supporting portfolio management, retention and profitability targets
- Working closely with senior underwriters and business development teams on strategic growth initiatives
- Engaging directly with brokers, banks and insureds across the market
Skills and experience
- Experience within Trade Credit, Political Risk, Surety, Banking or a related financial risk environment
- Strong financial analysis and credit assessment skills
- Understanding of risk underwriting principles across different sectors and territories
- Commercial mindset with the ability to build strong market relationships
- Exposure to trade finance, export finance or structured credit risks would be advantageous
- Knowledge of country risk and insolvency considerations is beneficial
- Strong communication and presentation skills
- Interest in innovation and the use of technology/AI within underwriting
Trade Credit Underwriter employer: Avencia
Avencia offers an exceptional work environment for Trade Credit Underwriters in London, where employees are part of a dynamic and ambitious underwriting team. With a strong focus on professional development, the company provides ample opportunities for growth and innovation, fostering a culture that values collaboration and relationship-building with clients and brokers alike. The blend of risk and commercial underwriting ensures that every day presents new challenges and rewards, making it an ideal place for those looking to make a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Trade Credit Underwriter
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or attend relevant events. We can’t stress enough how important it is to make connections that could lead to job opportunities.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. We recommend practising common interview questions and tailoring your answers to highlight your credit analysis and risk assessment skills.
✨Tip Number 3
Showcase your commercial mindset! During interviews, share examples of how you've built relationships in the past. We want to see how you can contribute to developing broker and client relationships.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Trade Credit Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Trade Credit Underwriter role. Highlight your experience in financial analysis and risk assessment, as well as any relevant skills that match the job description. We want to see how you fit into our ambitious growth plans!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how your background aligns with our needs. Don’t forget to mention your commercial mindset and relationship-building skills – we love that!
Showcase Relevant Experience:When filling out your application, be sure to showcase any experience you have in trade credit, political risk, or banking. We’re looking for well-rounded underwriters, so let us know how your past roles have prepared you for this opportunity.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. We can’t wait to hear from you!
How to prepare for a job interview at Avencia
✨Know Your Numbers
Brush up on your financial analysis skills before the interview. Be prepared to discuss specific examples of how you've assessed credit risks in the past, as well as any relevant metrics or outcomes that demonstrate your expertise.
✨Understand the Market
Familiarise yourself with the current trends in trade credit and political risk. Knowing the key players and recent developments in the industry will show that you're not just a candidate, but someone who is genuinely interested in the field.
✨Build Rapport
Since relationship-building is crucial for this role, practice your communication skills. Think of ways to engage with the interviewers, perhaps by asking insightful questions about their experiences or the company's growth plans.
✨Showcase Your Commercial Mindset
Be ready to discuss how you can contribute to developing broker and client relationships. Share examples of how you've successfully navigated similar situations in the past, highlighting your ability to balance risk assessment with commercial opportunities.
