At a Glance
- Tasks: Support underwriting team with templates, client onboarding, and data analysis.
- Company: Join HDI, a global leader in Corporate & Specialty Insurance.
- Benefits: Gain valuable experience in a dynamic environment with growth opportunities.
- Other info: Inclusive workplace committed to diversity and professional development.
- Why this job: Be part of a diverse team making impactful decisions in the insurance sector.
- Qualifications: Interest in insurance, strong attention to detail, and effective communication skills.
The predicted salary is between 63000 - 77000 £ per year.
HDI is a Corporate & Specialty Insurer part of the Talanx Group.
With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.
The role
- To support the underwriting team in creation of underwriting templates, pre-underwriting due diligence and underwriting information collation.
- To support the underwriting team with specific CPRI line of business tasks including enquiry distribution, meeting agendas, website updates, new client on-boarding, NDA agreements and ad hoc direct client processing including invoicing.
- Assist in the development of underwriting tools such as pricing, MI and Underwriting templates.
- To analyse, assess and underwrite lower complexity business as identified by Senior Underwriters and colleagues.
- To maintain underwriting discipline and divisional guidelines within the team and operate within granted authority levels.
- Key accountabilities
- Team Support
- Monitor team inbox and coordinate and allocate enquiries to Underwriters.
- Manage client onboarding activities, including KYC requirements and related documentation.
- Support the administration of non-disclosure agreements and client documentation.
- Assist with direct client invoicing processes and maintain accurate records and trackers.
- Produce and maintain team reporting, meeting materials and other business support documentation.
- Underwriting, pre-bind processing, and servicing of new and renewal business within authority levels and in accordance with the business plan.
- Pre-populate underwriting renewal template reports with all additional material and database data.
- Support the team in developing rating tools.
- Assist with the maintenance of portfolio data.
- Carry out compliance checks, including sanctions screening and contract certainty.
- Broker & Client Engagement
- Attend client meetings and support the team with client development.
- Develop and nurture relationships with key broking partners.
- New business and renewal chasing to brokers and clients.
- Identify opportunities to improve processes, controls and efficiencies across the team.
- Contribute to team projects and initiatives, taking ownership for activities within your area of responsibility.
- Design, implement and maintain process controls to ensure quality of the output for your area.
Ensure documentation of the processes and output is accurate, up-to-date and accessible.
Skills & experience
- Prior experience within the insurance market or relevant sector with transferable skills.
- An interest in political, economic, sovereign and market-driven risks.
- Excellent attention to detail.
- Organised and able to manage workload efficiently.
- Able to communicate effectively and build positive working relationships.
- A curious and proactive mindset, with a willingness to learn and develop.
As an equal opportunities employer, we are committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace is a creative and prosperous one.
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Assistant Underwriter - Credit & Political Risk employer: HDI Global SE
HDI is an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation in the field of Political Risk Insurance. With over 120 years of experience and a global presence, employees benefit from extensive professional development opportunities, a commitment to diversity and inclusion, and the chance to work alongside industry experts. Located in a vibrant city, HDI provides a supportive culture that encourages personal growth while making a meaningful impact in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Underwriter - Credit & Political Risk
✨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 HDI Global SE). 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 HDI Global SE. 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 Assistant Underwriter - Credit & Political Risk
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 HDI Global SE.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at HDI Global SE. 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 HDI Global SE
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at HDI Global SE 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 HDI Global SE, 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 HDI Global SE'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.
