At a Glance
- Tasks: Drive growth in trade credit underwriting and build strong client partnerships.
- Company: Join Markel International, a Fortune 500 company with a global presence.
- Benefits: Competitive salary, annual bonus, extensive benefits, and generous holiday allowance.
- Other info: Opportunities for career development and a supportive work environment.
- Why this job: Make an impact in the dynamic world of trade credit and political risk.
- Qualifications: Experience in credit insurance or related fields, with strong analytical skills.
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.
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 (training 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 such as 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.
Benefits:
- A competitive starting salary plus annual bonus & a strong benefits package.
- Up to 16% company pension scheme.
- Private medical and dental cover, menopause plan, emergency care benefit for 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.
- Additional opportunities to learn new skills and develop your career.
Accommodations:
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 our HR team to request any accommodations or adjustments that may be needed, including alternative formats of documents or information on how to apply offline.
Trade Credit Underwriter: Growth & Client Partnerships employer: Markel
Markel International is an exceptional employer, offering a dynamic work environment within a well-established team in the global Trade Credit market. Employees benefit from a competitive salary, comprehensive benefits package, and ample opportunities for professional growth, all while being part of a Fortune 500 company that values innovation and collaboration. With a strong focus on employee well-being and development, Markel fosters a culture that encourages meaningful contributions and career advancement.
StudySmarter Expert Advice🤫
We think this is how you could land Trade Credit Underwriter: Growth & Client Partnerships
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at Markel. Building relationships can open doors that a CV just can’t.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your experience in credit insurance and risk underwriting. Use specific examples from your past work to demonstrate how you can add value to their team.
✨Be Prepared for Interviews
Do your homework on Markel and the Trade Credit market before your interview. Understand their products and recent developments so you can ask insightful questions and show you’re genuinely interested in the role.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re proactive and really want to be part of the Markel team.
We think you need these skills to ace Trade Credit Underwriter: Growth & Client Partnerships
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Trade Credit Underwriter role. Highlight your experience in credit insurance and any relevant financial analysis skills. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our team. Be sure to mention your understanding of risk underwriting and any specific experiences that relate to the job.
Showcase Your Analytical Skills:Since this role involves financial analysis, make sure to showcase your analytical skills in your application. Mention any tools or methodologies you’ve used, like Fitch or Bloomberg, to demonstrate your expertise in assessing trade and export finance risks.
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 receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at Markel
✨Know Your Numbers
As a Trade Credit Underwriter, you'll need to demonstrate your financial analysis skills. Brush up on key metrics and ratios relevant to credit risk and be ready to discuss how you've applied these in past roles. This will show that you understand the intricacies of underwriting.
✨Understand the Market
Familiarise yourself with the current trends in the trade credit and political risk sectors. Be prepared to discuss how these trends could impact Markel's portfolio and client relationships. Showing that you’re informed will impress the interviewers.
✨Build Rapport with Brokers
Since developing strong partnerships with brokers is crucial, think about how you can convey your relationship-building skills. Prepare examples of how you've successfully collaborated with brokers or clients in the past, highlighting your negotiation skills and ability to create win-win situations.
✨Showcase Your Tech Savvy
Markel values innovation, so be ready to discuss your familiarity with analytical tools like Fitch or Bloomberg. If you have experience using AI technology in underwriting, share specific examples of how it enhanced your decision-making process. This will demonstrate your adaptability and forward-thinking approach.
