At a Glance
- Tasks: Analyse financial data to make informed underwriting decisions and build client relationships.
- Company: Join a fast-growing insurance company with a supportive culture.
- Benefits: Competitive salary, 30 days leave, private health insurance, and learning budget.
- Other info: Dynamic environment with opportunities for career growth and work-life balance.
- Why this job: Transition from analyst to underwriter and make a real impact in the insurance industry.
- Qualifications: Degree in Economics, Politics, or International Relations; CFA studies preferred.
The predicted salary is between 63000 - 77000 £ per year.
Convex is looking for a numerically gifted Credit Analyst to join our Political & Credit Risks underwriting team as an Underwriter. This is a transition path for a high-performing Credit Analyst to move from evaluating financial data to making real-world underwriting decisions. You'll become part of a team of experienced Underwriters and Insurance professionals, who are keen to mentor and guide you into the industry. You'll add value with your robust understanding of a company's balance sheet and financial data, helping us to rationalise risk and make informed decisions about the business we choose to write.
Your Journey: You won't be an insurance expert on day 1, so your first 18-24 months will focus on doing what you're good at while we introduce you into the world of Speciality Insurance. You may still be studying towards the CFA, which we are keen to help you complete. Thereafter, around year 2-3, you may like to study for the ACII which would help you obtain a better insight into the insurance industry and relevant terminology. During this initial period, you will join in meetings with Brokers, learn to understand how an insurance contract is pieced together and understand quoting terms. Once you've completed this period of learning, your prospects are to gain underwriting authority and you will move into a position to meaningfully contribute towards the growth of our book.
Key Responsibilities:
- Deep dive into balance sheets and financial data to rationalise risk and help us make the right underwriting decisions.
- Reviewing information memorandums and providing feedback to aid in making sound long term decisions on risks that are written.
- Meeting and building relationships with our major existing clients across the globe and seeking out new target clients.
- Undertake analysis of the portfolio to identify business opportunities, products and clients, ensuring a robust business case.
- Ensure risks are written within the agreed parameters; making sound long term decisions on risks that are written, with a focus on consistency and considered risk appetite.
Skills Knowledge and Expertise:
- Degree from a reputable university in either Economics, Politics or International Relations.
- Studying towards the CFA.
- About 2-4 years of experience in Credit Analysis at a financial institution or ratings agency.
- Experience as an Underwriter will be considered though isn't a must.
- Ability to deconstruct a balance sheet with ease and have a broad, curious world-view.
- Analytical approach, with the ability to move from an opinion-based to a decision-based mindset.
- Articulate communicator, who enjoys building relationships internally and externally of the organisation.
- Identify with the Convex values and excited to contribute meaningfully and visibly to our organisation.
Our offer to you: We are nimble, fast and unburdened by legacy systems. Since our inception in 2019, we've been expanding rapidly and continue to pursue growth on which you will be able to make a tangible impact. We operate in a flat hierarchy, using outsourcing and technology where possible, allowing us to focus on collaborating closely to service our clients. Our culture is important to us and we live by our values in everything that we do. Working in the insurance industry offers you an opportunity to be at the forefront when world-events happen while working with talented individuals, and maintaining a health work-life balance.
Benefits:
- Competitive Salary
- 30 days Annual Leave
- Birthday Leave
- 10% Employer Pension Contribution
- Private Health Insurance
- Medical Cover
- Group Income Protection
- Life Assurance Cover
- Enhanced Parental Leave
- Annual Health Check
- 3 days of Volunteer Leave each year
- £1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
Underwriter, Political Risk and Credit employer: Convex Insurance Ltd.
Convex Insurance Ltd. is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. With a strong focus on employee growth, you will have access to competitive benefits, including health insurance and generous leave policies, while working alongside a talented team dedicated to data-driven excellence in the non-life insurance market.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Political Risk and Credit
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Convex Insurance Ltd.). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Convex Insurance Ltd.. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Underwriter, Political Risk and Credit
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Convex Insurance Ltd..
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Convex Insurance Ltd.. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Convex Insurance Ltd.
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Convex Insurance Ltd. to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Convex Insurance Ltd., they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Convex Insurance Ltd.'s values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
