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- Tasks: Underwrite and develop a profitable book of Credit and Political Risk business.
- Company: Join HDI Global SE, a leading Corporate & Specialty Insurer with global reach.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Why this job: Make an impact in the insurance industry while building key client relationships.
- Qualifications: Strong knowledge of Political and Credit Risk markets; relevant qualifications preferred.
- Other info: Collaborative environment with a focus on innovation and career development.
The predicted salary is between 48000 - 72000 £ per year.
Join to apply for the Senior Underwriter - Credit & Political Risk role at HDI Global SE. 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 involves developing a profitable book of business in line with HDI’s underwriting through:
- Underwriting the Credit and Political Risk Insurance account in accordance with the underwriting guidelines, pricing tools and business plan.
- Externally promoting HDI to brokers and clients, creating a network of supporting brokers and clients providing opportunities within appetite and responding to new opportunities as they are presented.
- Contributing to the strategic direction of the accounts, working with the local CPRI leadership team including the Head of CPRI Global Hub.
Key accountabilities:
- Underwrite, review, peer-review, process, and service profitable new business and renewals for the Credit and Political Risk account in line with the jobholder’s Underwriting Authority, the business plan, and all HDI underwriting rules and guidelines.
- Technical Expertise: Product and Wording expertise; a team-wide resource for frequent bespoke wording/clause amendments and additions, referral point of contact for underwriters to agree and review policy documentation including referral to Legal & Compliance.
- Review and develop new market products, both in-house and from the market (liaising with Operations, Legal, Compliance and Home Office).
- Establish and develop key client relationships; primarily Banks and Public Agencies, and some select other clients, as well as key broking partners.
Developmental Objectives:
- Represent CPRI/HDI in internal/external exchanges, work streams and meetings.
- Work with local leadership team including the Head of CPRI to develop knowledge and make a leading contribution to specific tasks including marketing, portfolio development, current and new client evaluation and product innovation.
- Represent HDI and develop HDI's profile within ITFA and other external trade, market and lobbying bodies, including the IUA.
- Identify new business opportunities and growth areas for the class, supported by analytics as appropriate.
Reporting:
- Design, deliver, develop and analyse reports, identify and recommend solutions to reporting issues in line with team/group/branch requirements.
- Monitoring of Aggregates.
Risk and Controls:
- Identify and calculate risk trends and suggest modifications to the underwriting criteria and determine premium levels as appropriate.
- Design, implement and maintain process controls to ensure the quality of the output for your area/team within the function.
- Ensure documentation of the processes and output is accurate, up-to-date and accessible.
Project Management:
- End-to-end project management for functional projects and contribute to any Team and/or Branch wide projects.
Assisting with the development of others:
- Provide technical CPRI underwriting expertise/guidance to less experienced underwriting staff on the coverage, risk selection, market, and best practice.
- Nurture a culture of strong collaboration with HDI Group colleagues around the world.
Skills & experience:
- Strong first-hand, in-depth working knowledge of Political and Credit Risk markets.
- Demonstrable knowledge of CPRI business and coverage design.
- Strong established business relationships with London and global market brokers and clients.
- Bachelor's Degree or equivalent working experience and related qualification such as ACII/FCII/CFA.
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. If you require support with your application, please contact UK&IRE_Recruitment@hdi.global.
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Other
Industries: Insurance
Senior Underwriter - Credit & Political Risk in City of London employer: HDI Global SE
Contact Detail:
HDI Global SE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Credit & Political Risk in City of London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to brokers and clients. Building relationships can open doors to opportunities that aren’t even advertised.
✨Show Off Your Expertise
When you get the chance to chat with potential employers or clients, make sure to highlight your knowledge of Political and Credit Risk markets. Share insights and experiences that demonstrate your expertise – it’ll set you apart from the competition!
✨Be Proactive
Don’t wait for job openings to come to you. Research companies like HDI Global SE and reach out directly to express your interest. A well-timed email can sometimes lead to opportunities before they’re even posted!
✨Apply Through Our Website
Make sure to apply through our website for the best chance at landing that Senior Underwriter role. It shows you’re serious about joining the team and helps us keep track of your application more efficiently!
We think you need these skills to ace Senior Underwriter - Credit & Political Risk in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your experience in Credit and Political Risk markets, and don’t forget to showcase any relevant qualifications like ACII or CFA. We want to see how your skills align with what we’re looking for!
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 makes you a perfect fit for HDI. Remember, we love seeing enthusiasm and a clear understanding of our business.
Showcase Your Relationships: Since building relationships with clients and brokers is key, make sure to mention any established connections you have in the industry. We value strong networks, so let us know how you can leverage those to benefit HDI!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, it shows you’re serious about joining the HDI team. We can’t wait to see what you bring to the table!
How to prepare for a job interview at HDI Global SE
✨Know Your Stuff
Make sure you brush up on your knowledge of the Credit and Political Risk markets. Understand the key trends, challenges, and opportunities in these areas. Being able to discuss recent developments or case studies will show that you're not just familiar with the basics but are genuinely engaged with the industry.
✨Build Your Network
Since the role involves establishing relationships with brokers and clients, think about how you can demonstrate your networking skills. Prepare examples of how you've successfully built and maintained professional relationships in the past. This will highlight your ability to promote HDI effectively.
✨Showcase Your Technical Expertise
Be ready to discuss your technical knowledge and experience with underwriting guidelines and pricing tools. Prepare to explain how you've applied this expertise in previous roles, especially in terms of developing profitable business and managing risk.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills and decision-making process. Think of specific situations where you've had to underwrite a complex risk or develop a new product. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly.
