At a Glance
- Tasks: Analyse financial data to make informed underwriting decisions and build client relationships.
- Company: Join a fast-growing, innovative insurance company with a supportive culture.
- Benefits: Competitive salary, generous leave, health cover, and learning budget.
- Other info: Dynamic environment with opportunities for career growth and mentorship.
- Why this job: Make a real impact in the insurance industry while developing your skills.
- Qualifications: Degree in Economics, Politics, or International Relations; CFA studies preferred.
The predicted salary is between 59400 - 72600 £ per year.
The Opportunity
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 healthy 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, Credit Risk & Political Violence in London employer: Convex Insurance
As a Class Underwriter in Aerospace at our esteemed company, you will join a dynamic team that is not only a leader in the insurance market but also deeply committed to employee growth and well-being. With a competitive salary, generous annual leave, and a strong focus on professional development, including a substantial budget for learning and wellness, we foster a collaborative and innovative work culture. Our commitment to mentoring and supporting our talent ensures that you will have meaningful opportunities to advance your career while making a significant impact in the industry.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Credit Risk & Political Violence in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Convex Insurance. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Underwriter, Credit Risk & Political Violence in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Convex Insurance.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Convex Insurance's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Convex Insurance
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Convex Insurance.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Convex Insurance will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Convex Insurance employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
