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For Companies At a Glance
- Tasks: Underwrite Credit and Political Risk Insurance, develop client relationships, and manage projects.
- Company: Join HDI, a global insurer with over 120 years of experience.
- Benefits: Competitive salary, hybrid work model, 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 market are essential.
- Other info: Inclusive workplace culture that values diversity and collaboration.
The predicted salary is between 72000 - 108000 £ 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
- 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).
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 & develop new market products, both in-house and from the market (liaising with Operations, Legal, Compliance and Home Office).
Client/Broker Relations
- 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.
Other
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 employer: HDI
Contact Detail:
HDI Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Credit & Political Risk
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, especially those in the Credit & Political Risk space. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for interviews by researching HDI and its competitors. Understand their products and market position. We want to see you shine, so come armed with questions that show your interest and knowledge about the company and the role. It’ll make you stand out from the crowd!
✨Tip Number 3
Showcase your expertise! When you get the chance to discuss your experience, highlight specific projects or deals you've worked on that relate to underwriting and risk management. We love to see how you’ve made an impact in previous roles, so don’t hold back!
✨Tip Number 4
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 genuinely interested in joining our team at HDI. Let’s make this happen together!
We think you need these skills to ace Senior Underwriter - Credit & Political Risk
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 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 Credit and Political Risk insurance and how you can contribute to our team. Keep it concise but impactful – we love a good story that connects your experience to our needs.
Showcase Your Network: Since building relationships is key in this role, mention any established connections you have with brokers and clients. This shows us you’re not just a great underwriter, but also someone who can promote HDI effectively in the market.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you get all the updates directly from us. Plus, it’s super easy – just a few clicks and you’re done!
How to prepare for a job interview at HDI
✨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 Network
Since building relationships is crucial for this role, be prepared to discuss your existing connections with brokers and clients. Share specific examples of how you've leveraged these relationships in the past to create opportunities or solve problems.
✨Prepare for Technical Questions
Expect to dive deep into underwriting principles and practices. Review HDI’s underwriting guidelines and be ready to discuss how you would approach underwriting decisions, risk assessment, and pricing strategies based on your previous experience.
✨Demonstrate Strategic Thinking
This role involves contributing to the strategic direction of accounts, so think about how you can showcase your ability to identify new business opportunities. Prepare examples of how you've successfully developed strategies in previous roles and be ready to discuss them.
