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- Tasks: Underwrite and develop a profitable book of Credit & Political Risk business.
- Company: Join HDI, a global leader in Corporate & Specialty Insurance with over 120 years of experience.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Why this job: Make a real impact in a dynamic team while shaping the future of insurance.
- Qualifications: Experience in structured finance and strong relationships in the Credit & Political Risk markets.
- Other info: Collaborative environment with excellent career advancement opportunities.
The predicted salary is between 48000 - 72000 £ 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 Credit & Political Risk team are looking for a knowledgeable market participant with experience in structured and project finance looking for a strategic and senior underwriting role within a collegiate and dynamic global team.
The role:
- Develop 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 promote HDI to brokers and clients, creating a network of supporting brokers and clients providing opportunities within appetite and also respond and develop 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:
- Underwriting
- 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.
- Underwrite (profitable gross income objective: 20% of London GWP).
- 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 & 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.
- 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.
- Design, deliver, develop and analyse reports, identify and recommend solutions to reporting issues in line with team/group/branch requirements.
- 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.
- End to end project management for functional projects and contribute to any Team and/or Branch wide projects.
- 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.
- Intermediate MS Office skills – Outlook, Excel, Word, & PowerPoint.
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.
Senior Underwriter - Credit & Political Risk in 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 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 potential colleagues or mentors. Building relationships can open doors that a CV just can't.
✨Show Off Your Expertise
When you get the chance to chat with someone from HDI or related fields, make sure to highlight your knowledge of Credit and Political Risk. Share insights or recent trends you've noticed – it shows you're engaged and passionate about the industry!
✨Tailor Your Approach
Every conversation is an opportunity! Tailor your discussions to reflect the specific needs of the role. Talk about how your experience aligns with underwriting guidelines and how you can contribute to the strategic direction of the accounts.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team at HDI.
We think you need these skills to ace Senior Underwriter - Credit & Political Risk in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your experience in structured and project finance, and showcase any relevant achievements that align with HDI's underwriting guidelines.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Share your passion for Credit and Political Risk insurance and how your skills can contribute to our dynamic global team.
Showcase Your Technical Expertise: Don’t forget to emphasise your technical knowledge in product and wording expertise. We want to see how you can be a resource for bespoke wording amendments and policy documentation.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get you on our radar!
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 players, current trends, and any recent developments. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Showcase Your Relationships
Since this role involves establishing and developing key client relationships, be prepared to discuss your existing connections with brokers and clients. Share specific examples of how you've successfully built and maintained these relationships in the past.
✨Demonstrate Strategic Thinking
Think about how you can contribute to the strategic direction of the accounts. Be ready to discuss your approach to identifying new business opportunities and how you would leverage analytics to support your decisions.
✨Prepare for Technical Questions
Expect to face technical questions related to underwriting guidelines and pricing tools. Review HDI's underwriting rules and be ready to explain how you would apply them in real-world scenarios. This will demonstrate your expertise and readiness for the role.
