At a Glance
- Tasks: Select and underwrite risks in Political & Credit Risk to ensure profitability.
- Company: Join HDI, a global leader in Corporate & Specialty Insurance with over 120 years of experience.
- Benefits: Enjoy competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Be part of a diverse team committed to collaboration and innovation.
- Why this job: Make impactful decisions in a dynamic environment while building strong relationships.
- Qualifications: Experience in credit and political markets with strong analytical and communication skills.
The predicted salary is between 60000 - 80000 £ 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 involves carefully selecting and underwriting risks in a cost-effective manner and in accordance with granted authority levels to ensure the Political & Credit Risk class is profitable and business targets are met.
Key accountabilities:
- Generate a material contribution to the underwriting of the Political & Credit Risk portfolio whilst maintaining high standards on new and renewal business.
- Responsible for documenting underwriting rationale and decisions to maintain a record of why the risk was bound and complete the associated tools for data capture.
- Develop strong, long-term relationships with brokers and clients to profitably grow a book of business and provide excellent customer service.
- Review and assess wordings and underwriting criteria with Legal & Compliance.
- Calculate possible risk and determine appropriate insurance premiums using risk information, pricing model, other statistics and own judgment within underwriting authority level, making necessary referrals in accordance with company policy.
- Preparation of reports for internal reporting.
- Represent HDI at client meetings and insurance conferences, and deliver presentations to brokers and clients as required.
- Participate in special underwriting projects and Branch-wide projects as needed.
- Nurture a culture of strong collaboration with Political and Credit Risk and broadly HDI Global Specialty Group colleagues around the world.
- Communicate risk appetite and HDI value proposition to brokers and clients.
- Provide technical underwriting expertise/guidance to less experienced underwriting staff on the coverage, risk selection, and market.
Skills & experience:
- Experience in the credit and political markets, gained within an insurer, broker, bank, or relevant financial institution.
- Strong credit analysis skills, including assessment of obligor creditworthiness, financial statements, transaction structures, and key risk drivers.
- Ability to make disciplined decisions and present clear, evidence-based credit recommendations.
- Good understanding of political, economic, sovereign, and market-driven risks.
- Relationship management experience with brokers, clients, lenders, syndicate partners, or other market participants.
- Familiarity with credit documentation, insurance wordings, and/or transferable experience in legal, credit, or structured finance documentation.
- Strong communication skills and the ability to work collaboratively with internal and external stakeholders.
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.
Underwriter - Credit & Political Risk employer: HDI Global SE
HDI is an exceptional employer that values collaboration and inclusivity, offering a dynamic work culture where employees can thrive in their careers. With over 120 years of experience and a global presence, HDI provides ample opportunities for professional growth and development, particularly in the specialised field of Credit & Political Risk underwriting. Employees benefit from a supportive environment that encourages strong relationships with clients and brokers, ensuring a rewarding and impactful career path.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - Credit & Political Risk
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and finance sectors. Attend industry events, webinars, or even local meet-ups to get your name out there. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by researching HDI and understanding their approach to underwriting. Be ready to discuss how your experience aligns with their needs, especially in credit and political risk. Show them you’re not just another candidate!
✨Tip Number 3
Practice your pitch! You’ll want to clearly articulate your skills in credit analysis and relationship management. Make sure you can confidently explain how you can contribute to HDI’s goals and values.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take that extra step to engage with us directly.
We think you need these skills to ace Underwriter - Credit & Political Risk
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your background in credit and political markets, and don’t forget to showcase your relationship management experience!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the Underwriter role. Mention specific examples of your credit analysis skills and how you've successfully managed relationships with brokers or clients.
Showcase Your Decision-Making Skills:In your application, emphasise your ability to make disciplined decisions based on evidence. Share examples where you’ve assessed risks and made recommendations that led to successful outcomes.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining the StudySmarter team!
How to prepare for a job interview at HDI Global SE
✨Know Your Stuff
Make sure you brush up on your knowledge of credit and political risk markets. Understand the key drivers of risk and be ready to discuss how you've assessed creditworthiness in past roles. This will show that you're not just familiar with the theory but have practical experience too.
✨Build Rapport
Since relationship management is crucial for this role, practice how you'll connect with your interviewers. Think about how you can demonstrate your ability to build long-term relationships with brokers and clients. A friendly, engaging approach can go a long way!
✨Prepare for Technical Questions
Expect questions that test your technical underwriting skills. Be ready to explain your decision-making process when it comes to risk assessment and premium calculations. Use specific examples from your experience to illustrate your points.
✨Showcase Your Communication Skills
As communication is key in this role, prepare to demonstrate your ability to convey complex information clearly. You might be asked to present a case study or explain a past project, so practice articulating your thoughts in a concise and confident manner.
