At a Glance
- Tasks: Join our team to underwrite trade credit and develop client portfolios.
- Company: Markel International, a Fortune 500 company with a global presence.
- Benefits: Competitive salary, annual bonus, strong benefits, and generous holiday allowance.
- Other info: Opportunities for skill development and career growth in a dynamic environment.
- Why this job: Make an impact in the trade credit market while developing your career.
- Qualifications: Experience in credit insurance or related fields, with strong analytical skills.
The predicted salary is between 50000 - 65000 £ 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.
Business Unit Overview: 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. We are part of Markel Group (NYSE – MKL), a Fortune 500 company with over 60 offices in 20+ countries, and a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.
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.
Underwriter, Trade Credit 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 Underwriter, Trade Credit
✨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.
✨Prepare for the Interview
Do your homework on Markel and the Trade Credit market. Be ready to discuss recent trends and how they might impact the business. This shows you’re not just interested in the job, but also in the company’s success.
✨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 serious about joining the Markel team.
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 your experience in credit insurance and any relevant financial analysis skills. We want to see how your background fits with what we do at Markel!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how you can contribute to our team. Be sure to mention any specific experiences that relate to the key skills we’re looking for.
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 in the past that align with our needs, like Fitch or Moody’s.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it shows you’re keen on joining the Markel family!
How to prepare for a job interview at Markel
✨Know Your Numbers
As an Underwriter, you'll need to demonstrate your financial analysis skills. Brush up on key metrics and ratios relevant to trade credit and political risk. Be ready to discuss how you've used these in past roles to assess risk and make informed decisions.
✨Understand the Market
Familiarise yourself with the current trends in the trade credit market and the specific challenges faced by corporate and banking clients. This will show that you're not just knowledgeable but also genuinely interested in the role and the company’s position within the industry.
✨Build Rapport with Brokers
Since developing strong relationships with brokers is crucial, think of examples from your past where you've successfully built partnerships. Be prepared to discuss your approach to relationship management and how you can leverage these skills to support Markel's growth.
✨Showcase Your Tech Savvy
Markel values innovation, so be ready to talk about your experience with analytical tools like Fitch or Bloomberg. If you've used AI technology in underwriting, share those experiences. This will highlight your adaptability and willingness to embrace new tools in the underwriting process.
