At a Glance
- Tasks: Join a dynamic team to drive growth in trade credit underwriting and develop client relationships.
- Company: Markel International, a Fortune 500 company with a global presence.
- Benefits: Competitive salary, annual bonus, strong benefits, and 25 days holiday.
- Other info: Flexible working patterns and opportunities for career development.
- Why this job: Make a meaningful impact while working with a diverse, innovative team.
- 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 in London employer: Markel
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 growth and development, we provide comprehensive benefits including a generous pension scheme, private medical cover, and opportunities for flexible working. Join us in London to be part of a diverse global community that values innovation and collaboration, where your contributions will make a meaningful impact on our clients and the industry.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Trade Credit in London
✨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. Practice articulating your thoughts clearly and confidently.
✨Tip Number 3
Showcase your skills! If you have experience with analytical tools or financial analysis, be ready to discuss specific examples. Highlight how these skills can benefit Markel's growth and client relationships.
✨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 being part of the Markel team.
We think you need these skills to ace Underwriter, Trade Credit in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Trade Credit Underwriter role. Highlight your relevant experience in credit insurance and financial analysis, and don’t forget to showcase any skills that align with the job description.
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 the Markel team. Keep it concise but impactful!
Showcase Your Analytical Skills:Since the role involves financial analysis and risk underwriting, be sure to mention any tools or methodologies you’ve used in the past. This will show us that you’re ready to hit the ground running!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s quick and easy, and it helps us keep track of your application better. Don’t miss out on this opportunity!
How to prepare for a job interview at Markel
✨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 show your expertise but also your genuine interest 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 help demonstrate your capability to handle the responsibilities of the role.
✨Build Rapport
Since this role involves developing strong relationships with brokers and clients, practice your interpersonal skills. Think about how you can connect with the interviewers and convey your enthusiasm for working collaboratively within a team.
✨Ask Insightful Questions
Prepare thoughtful questions that reflect your understanding of Markel's goals and challenges in the trade credit market. This shows that you're not just interested in the job, but also in contributing to the company's growth and success.
