At a Glance
- Tasks: Select and underwrite risks in a cost-effective manner while ensuring 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: Collaborative environment with opportunities to work globally and develop your career.
- Why this job: Make impactful decisions in the dynamic world of credit and political risk insurance.
- 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.
- 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 in London employer: HDI
At HDI, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. Our commitment to employee growth is evident through ongoing training and development opportunities, ensuring that our team members thrive in their careers while contributing to the success of our Political & Credit Risk portfolio. Located in a global hub, we provide a unique chance to engage with diverse clients and brokers, making a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - Credit & Political Risk in London
✨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. The more people you know, the better your chances of landing that underwriter role.
✨Tip Number 2
Show off your expertise! Prepare to discuss your experience in credit analysis and risk assessment during interviews. Bring examples of how you've successfully managed relationships with brokers or clients to the table.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors. Focus on articulating your thought process behind underwriting decisions and how you assess risks. This will help you feel more confident when it’s your turn in the hot seat.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got a range of opportunities waiting for you. Plus, it shows your commitment to joining our team at HDI, which is always a bonus in the eyes of hiring managers.
We think you need these skills to ace Underwriter - Credit & Political Risk in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter role. Highlight your experience in credit and political markets, and don’t forget to showcase those strong credit analysis skills 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 aligns with our values at HDI. Keep it concise but impactful!
Showcase Your Relationship Management Skills:We value strong relationships with brokers and clients. In your application, share examples of how you've successfully managed these relationships in the past. It’ll show us you’re a great fit for our team!
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, you’ll find all the info you need about the role and our company there.
How to prepare for a job interview at HDI
✨Know Your Stuff
Make sure you brush up on your knowledge of credit and political risk markets. Understand the key risk drivers and be ready to discuss how you've assessed obligor creditworthiness in the past. This will show that you're not just familiar with the theory, but you can apply it practically.
✨Showcase Your Decision-Making Skills
Prepare examples of disciplined decisions you've made in previous roles, especially those involving evidence-based credit recommendations. Be ready to explain your thought process and how you arrived at those conclusions, as this is crucial for the role.
✨Build Rapport
Since relationship management is key, think about how you can demonstrate your ability to build strong, long-term relationships with brokers and clients. Share specific instances where you've successfully nurtured these connections and how they benefited your previous employers.
✨Communicate Clearly
Practice articulating your thoughts clearly and concisely. Whether it's discussing underwriting rationale or presenting at client meetings, strong communication skills are essential. Consider doing mock interviews to refine your delivery and ensure you come across as confident and knowledgeable.
