At a Glance
- Tasks: Join a dynamic team to drive growth in trade credit underwriting and develop client relationships.
- Company: Markel International, a leading global insurance provider with a collaborative culture.
- Benefits: Competitive salary, annual bonus, strong benefits package, and generous holiday allowance.
- Other info: Exciting opportunities for career growth and embracing innovative technology.
- Why this job: Be part of a high-profile team making a real impact in the global trade credit market.
- Qualifications: Experience in credit insurance or related fields; training provided for commercial underwriting.
The predicted salary is between 60000 - 70000 £ 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.
What you’ll be doing:
- 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 & ad-hoc duties as required.
Key Skills:
- 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 (this is not essential however as training will be provided).
- Experience with trade & 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 inc: Fitch, Moody’s, Standard & Poor’s, Capital IQ, EIU, IHS Global Insight, BVD, Bloomberg.
- Familiarity with, and an 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.
Underwriter, Trade Credit in London employer: Markel International
Markel International is an exceptional employer, offering a dynamic work environment within the prestigious Trade Credit, Political Risk & Surety team. Employees benefit from a competitive salary, comprehensive benefits package, and a strong focus on professional development, all while being part of a globally recognised Fortune 500 company that values innovation and collaboration. With a commitment to employee well-being and a culture that encourages growth and creativity, Markel provides a rewarding career path for those looking to make a significant impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Trade Credit in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Markel International). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Markel International. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Underwriter, Trade Credit in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Markel International.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Markel International. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Markel International
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Markel International to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Markel International, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Markel International's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
