At a Glance
- Tasks: Join our team to underwrite trade credit and develop client portfolios globally.
- Company: Markel International, a Fortune 500 company with a diverse global presence.
- Benefits: Competitive salary, annual bonus, strong benefits, and 25 days holiday.
- Other info: Flexible working patterns and a commitment to diversity and inclusion.
- Why this job: Make a meaningful impact in a dynamic environment while growing your career.
- Qualifications: Experience in credit insurance or related fields; training provided for newcomers.
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.
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 Bank Holidays, with the opportunity to buy/sell extra leave.
- As well as other great benefits on offer there are countless 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. The work we do at Markel gives people the confidence to move forward, reach their full potential and seize opportunities. 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! Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you. At Markel we are all about the people, celebrating the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.
We will ensure that individuals are provided with any reasonable accommodations to be able to participate 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 us at 0161 507 5827 to request any accommodations or adjustments that may be needed, including alternative formats of documents or information on how to apply offline.
Underwriter, Trade Credit employer: Markel International
Markel International is an exceptional employer, offering a dynamic work environment within the prestigious Trade Credit, Political Risk & Surety team. With a strong focus on employee development, competitive benefits including a generous pension scheme and private medical cover, and a culture that values collaboration and innovation, employees are empowered to grow their careers while making a meaningful impact in the global market. Located in London, you will be part of a diverse community that celebrates unique perspectives and fosters a supportive atmosphere for all.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Trade Credit
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those connected to Markel. Attend events or webinars where you can meet potential colleagues and learn more about the company culture.
✨Tip Number 2
Prepare for interviews by researching common questions for Trade Credit Underwriters. Think about your past experiences and how they relate to the role. We want to hear your stories that showcase your skills!
✨Tip Number 3
Show off your analytical skills! Be ready to discuss financial analysis and risk assessment during interviews. Bring examples of how you've tackled similar challenges in the past.
✨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 our team at Markel.
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 any skills that align with our team’s goals at Markel.
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 background makes you a perfect fit for our dynamic team. Be sure to mention your understanding of risk underwriting and any relevant tools you’ve used.
Showcase Your Achievements:When filling out your application, don’t just list your duties from previous jobs. Instead, focus on your achievements and how they contributed to your team or company’s success. Numbers and specific examples can really make you stand out!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy and quick to do!
How to prepare for a job interview at Markel International
✨Know Your Stuff
Make sure you brush up on your knowledge of trade credit and political risk. Familiarise yourself with key analytical tools like Fitch and Moody’s, as well as the latest trends in the industry. 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 or related fields. Be ready to share specific examples of how you've managed risk underwriting or performed financial analysis. This will demonstrate your capability and give the interviewers a clear picture of what you can bring to their team.
✨Build Rapport
Since this 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 working collaboratively. This will highlight your ability to fit into their team culture.
✨Embrace Technology
Markel is looking for someone who is open to using AI technology in underwriting. Be prepared to discuss how you’ve used technology in your previous roles or how you plan to embrace new tools. This shows that you’re forward-thinking and ready to adapt to the evolving landscape of the industry.
