At a Glance
- Tasks: Join a dynamic team to underwrite trade credit and develop client portfolios.
- Company: Markel International, a leader in global trade credit solutions.
- Benefits: Competitive salary, bonuses, extensive benefits, and 25 days holiday.
- Other info: Flexible working options and a commitment to diversity and inclusion.
- Why this job: Make a meaningful impact while growing your career in a supportive environment.
- Qualifications: Experience in credit insurance or related fields, with strong analytical skills.
The predicted salary is between 50000 - 60000 £ per year.
We are currently looking for an experienced Trade Credit Underwriter to join Markel International’s Trade Credit, Political Risk & Surety team (TCPRS). The role will involve both Risk and Commercial underwriting to develop a portfolio of corporate and banking clients. You will be joining a highly motivated team at an exciting time, as we look to grow our book globally and embrace new ideas in terms of policy development and IT solutions.
By joining the UK & Europe team within TCPRS, the successful candidate will be working for the largest part of the Trade Credit book and a key region for our future growth. The team at Markel is a well-established and high-profile team within the global Trade Credit market, providing bespoke solutions to clients across the world, through our offices in London, New York, Chicago, Dubai and Singapore.
Responsibilities
- Working directly with the Markel trade credit team and head of business development to drive forward growth of the portfolio in the region.
- Developing a targeted plan to work with and support key broker partners.
- Managing the credit approval process for existing clients and new business submissions.
- Performing financial analysis of broker submissions.
- Compiling and presenting detailed submissions for peer committee review.
- Assisting the division in achieving its portfolio growth, client retention & loss ratio targets.
- Developing a portfolio of corporate and banking clients through creation of strong partner relationships within broker and banking networks, as well as direct client engagement.
- Developing skills in negotiating policy terms and conditions.
- Marketing and presenting the Markel brand to brokers and insureds.
- Supporting the team with all aspects of the underwriting process.
- Supporting Management with any special projects and ad-hoc duties as required.
Qualifications
- Experience within the credit insurance and political risk industry or a related field, with a proven past track record.
- Good understanding of risk underwriting with financial analysis experience, across a wide variety of countries and trade sectors.
- Experience of commercial underwriting (training may be provided).
- Experience with trade and export finance risk analysis and assessment, including single situation credit and whole turnover XOL business.
- Country Risk knowledge.
- Familiarity with key aspects of insolvency legislation in major trading economies.
- Familiarity with analytical tools including Fitch, Moody’s, Standard & Poor’s, Capital IQ, EIU, IHS Global Insight, BVD, Bloomberg.
- Familiarity with, and openness to use and/or embrace AI technology as a supporting underwriting tool.
What’s in it for you?
- A great starting salary plus annual bonus & strong benefits package.
- Up to 16% company pension scheme, private medical and dental cover, menopause plan, emergency care benefit (children/pets/dependants), income protection, life assurance, electric car scheme, travel insurance.
- 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave.
- Opportunities to learn new skills and develop in your career.
Are you ready to play your part? If you’re looking for a place where you can make a meaningful difference, you’ve found it. You’ll find your fit amongst our diverse global community of optimists and problem-solvers. We’re always pushing each other to think further because we believe that when we strive for better and realise our potential, we can help others reach theirs. Join us and play your part in something special!
To apply, choose ‘Apply Now’ to fill out our short application so that we can learn more about you. At Markel we are all about the people, celebrating the value of a diverse workforce. If you feel you meet the requirements of this role, we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns and will provide reasonable accommodations in the job application or interview process and to perform essential job functions if successful. Please contact us via email at rec@markel.com or call 0161 507 5827 to request accommodations or adjustments, including alternative formats of documents.
Underwriter, Trade Credit employer: Markel Corporation
Markel International is an exceptional employer, offering a dynamic work environment within the Trade Credit, Political Risk & Surety team. With a strong focus on collaboration, continuous improvement, and employee development, we provide a competitive salary, comprehensive benefits, and opportunities for career growth in a diverse global community. Join us in London to make a meaningful impact while enjoying a supportive culture that values innovation and flexibility.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Trade Credit
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work with trade credit or underwriting. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Show off your skills! Prepare a portfolio showcasing your past successes in underwriting and financial analysis. When you get the chance to meet potential employers, having tangible examples of your work can really set you apart.
✨Tip Number 3
Stay updated on industry trends! Read up on the latest news in trade credit and political risk. Being knowledgeable about current events can help you impress during interviews and show that you’re genuinely interested in the field.
✨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 keen on joining our team at Markel, where we value collaboration and continuous improvement.
We think you need these skills to ace Underwriter, Trade Credit
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Trade Credit Underwriter role. Highlight relevant experience in credit insurance and financial analysis, and don’t forget to showcase your understanding of risk underwriting.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your skills align with our values at Markel. Be sure to mention any experience with broker partnerships or commercial underwriting.
Showcase Your Analytical Skills:Since this role involves financial analysis and risk assessment, make sure to highlight any analytical tools you’ve used in the past. Mention specific tools like Fitch or Bloomberg to show you’re up to speed with industry standards.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to get to know you and for you to learn more about what we do at Markel!
How to prepare for a job interview at Markel Corporation
✨Know Your Stuff
Make sure you brush up on your knowledge of trade credit and political risk. Familiarise yourself with the key aspects of insolvency legislation and analytical tools like Fitch and Moody’s. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Showcase Your Experience
Prepare to discuss your past experiences in credit insurance and commercial underwriting. Be ready to share specific examples of how you've managed credit approval processes or performed financial analyses. This will demonstrate your capability and fit for the role.
✨Build Rapport
Since the role involves developing strong relationships with brokers and clients, practice your interpersonal skills. During the interview, engage with your interviewers, ask insightful questions, and show enthusiasm for collaboration. This will highlight your ability to work well within a team.
✨Embrace Technology
Be open about your familiarity with AI technology and how it can support underwriting processes. Discuss any experience you have with tech tools and express your willingness to learn and adapt. This aligns with the company's values of continuous improvement and innovation.
