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For Companies At a Glance
- Tasks: Join our team as an Underwriter, focusing on Credit and Political Risks while managing client relationships.
- Company: IQUW is a cutting-edge (re)insurer at Lloyd’s, specializing in diverse insurance products.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and development in the insurance sector.
- Why this job: Be part of a next-gen underwriting team, making impactful decisions in a fast-paced industry.
- Qualifications: Experience in underwriting within the Lloyd’s market, strong sales skills, and excellent communication abilities required.
- Other info: Ideal for strategic thinkers who thrive in collaborative environments and are eager to innovate.
The predicted salary is between 48000 - 72000 £ per year.
Overview
About us
IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.
The role
The role of an Underwriter at IQUW is challenging yet rewarding. The role offers the opportunity to become a key member of a leading, next generation underwriting team within IQUW Group’s growing Credit and Political Risks team.
Our global offering indemnifies DFIs, commercial banks, traders, ECAs and corporates on their lending and asset exposures to contractual counterparties. These counterparties include both corporate (CR) and (sub-)sovereign (CF) entities, with the CR component being a particular growth area for us. The CR book currently consists of investment-grade counterparties and well-known structures including term loans, RCFs, LCs, and others.
The key to success in this role will be a highly detailed and analytical underwriting approach, pro-active relationship management with a profit driven focus. You will also need excellent organisational skills.
Key responsibilities
- In collaboration with the Lead Underwriter, you will be responsible for delivering the approved Credit and Political Risk class of business plan and providing input towards the longer-term strategy.
- Demonstrate underwriting excellence across the CPRI portfolio by adhering to Lloyd’s regulatory framework along with IQUW risk appetite, standards and guidelines, rating and pricing adequacy.
- Underwrite all elements of the CPRI portfolio with a particular focus on Credit risks.
- Identify new opportunities for expansion of the CPRI portfolio, in accordance with the strategy set for the syndicate.
- Maintain high quality underwriting, appropriate exposure assessment, contractual terms and adherence to respective rules and guidelines.
- Assist with the development of the pricing models to support the underwriting/pricing of the portfolio.
- Maintain and establish strong relationships with our clients, intermediaries, and promote the IQUW brand.
- Provide a compelling and knowledgeable service offering to brokers and clients, making IQUW a go-to Market for CPRI.
- Adhere to IQUW Group’s compliance framework, policies and procedures and ensuring compliance with key regulatory and risk management responsibilities.
Essential qualifications, skills and experience
- A proven track record of and known reputation of underwriting in the Lloyd’s market across various segments of the Credit and Political Risk class.
- Excellent sales skills and an insatiable appetite to increase the profitability of the portfolio.
- A great communicator who can work with people at all levels, being just as comfortable with clients and leaders in the industry as they are with their own team.
- Excellent Broker and Client relationships and the ability to develop business from a variety of sources.
- Deep underwriting and portfolio management knowledge of the Credit and Political Risk class of business..
- Preference for a mixed skill-set of mature and emerging market underwriting experience, with a focus on Credit risks.
- Ability to run market standard credit risk assessment tools and ability to develop additional in-house capability as appropriate.
- Experience in collaborating with and influencing stakeholders inside and outside of the business.
Desirable behavioural attributes
- Interpersonal and relationship building skills.
- Strategic thinker, highly adaptable and resourceful in problem solving.
- Decisive in nature, displaying good judgement in decisions and taking responsibility for outcomes.
- Highly articulate and numerate.
- A team player.
- Innovative and able to generate creative solutions.
- Highly organised with a clear ability to prioritise and deliver on allocated tasks.
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Underwriter - Credit and Political Risk employer: IQUW Group
Contact Detail:
IQUW Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Credit and Political Risk
✨Tip Number 1
Familiarize yourself with the Lloyd's market and its regulatory framework. Understanding the nuances of underwriting in this environment will give you a significant edge during interviews.
✨Tip Number 2
Network with professionals in the Credit and Political Risk sector. Attend industry events or webinars to connect with potential colleagues and learn about current trends and challenges.
✨Tip Number 3
Showcase your analytical skills by preparing case studies or examples of past underwriting experiences. Be ready to discuss how you've successfully managed risks and built client relationships.
✨Tip Number 4
Demonstrate your strategic thinking abilities by discussing how you would identify new opportunities for portfolio expansion. This will highlight your proactive approach and alignment with IQUW's goals.
We think you need these skills to ace Underwriter - Credit and Political Risk
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Underwriter position at IQUW. Understand the key responsibilities and qualifications required, especially focusing on underwriting excellence and relationship management.
Tailor Your CV: Customize your CV to highlight your experience in underwriting within the Lloyd’s market, particularly in Credit and Political Risk. Emphasize your sales skills and any relevant achievements that demonstrate your ability to increase portfolio profitability.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of IQUW's business model and your passion for the role. Mention specific experiences that align with the responsibilities outlined in the job description, such as your analytical approach and relationship-building skills.
Highlight Relevant Skills: In your application, make sure to emphasize your interpersonal skills, strategic thinking, and problem-solving abilities. These attributes are essential for the role and should be clearly articulated in both your CV and cover letter.
How to prepare for a job interview at IQUW Group
✨Showcase Your Underwriting Expertise
Be prepared to discuss your previous experience in underwriting, particularly within the Lloyd's market. Highlight specific examples of how you've successfully managed Credit and Political Risk portfolios, demonstrating your analytical approach and attention to detail.
✨Demonstrate Relationship Management Skills
Since maintaining strong relationships with clients and brokers is crucial, come equipped with examples of how you've built and nurtured these connections in the past. Show that you can communicate effectively at all levels and are comfortable engaging with both clients and industry leaders.
✨Understand the Market Dynamics
Research current trends and challenges in the Credit and Political Risk sectors. Be ready to discuss how these factors could impact underwriting decisions and portfolio management, showcasing your strategic thinking and adaptability.
✨Prepare for Technical Questions
Expect questions related to credit risk assessment tools and pricing models. Brush up on your technical knowledge and be ready to explain how you would apply these tools in real-world scenarios, demonstrating your deep understanding of the underwriting process.
