At a Glance
- Tasks: Select and underwrite risks in a cost-effective manner for Political & Credit Risk.
- 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 while building strong relationships in a dynamic insurance environment.
- 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 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
HDI is an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation within the Corporate & Specialty Insurance sector. With a commitment to employee growth and development, HDI provides extensive training opportunities and encourages strong relationships with clients and brokers, ensuring that every team member can contribute meaningfully to the Political & Credit Risk portfolio. Located in a global hub, employees benefit from a diverse and inclusive culture that values creativity and promotes a healthy work-life balance.
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. 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 handle complex risk scenarios.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining HDI and being part of our global team.
We think you need these skills to ace Underwriter - Credit & Political Risk
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 the perfect fit for our team at HDI. Mention specific experiences that relate to the key accountabilities in the job description.
Showcase Your Relationship Management Skills:We value strong relationships with brokers and clients. In your application, give examples of how you've successfully managed these relationships in the past. It’ll show us you can contribute to our collaborative culture!
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 keen on joining our team at HDI!
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 creditworthiness in past roles. This will show that you're not just familiar with the theory but have practical experience too.
✨Showcase Your Analytical Skills
Be prepared to demonstrate your strong credit analysis skills during the interview. You might be asked to evaluate a hypothetical scenario or financial statement, so practice articulating your thought process clearly and confidently. This will highlight your ability to make disciplined decisions.
✨Build Rapport
Since relationship management is key in this role, think about how you can connect with your interviewers. Share examples of how you've successfully built relationships with brokers or clients in the past. This will illustrate your interpersonal skills and your understanding of the importance of collaboration.
✨Prepare for Technical Questions
Expect some technical questions related to underwriting criteria and insurance wordings. Familiarise yourself with common terms and concepts in the industry. Being able to discuss these topics fluently will demonstrate your expertise and readiness for the role.
