At a Glance
- Tasks: Drive growth in Financial Risks reinsurance and manage client relationships.
- Company: Join a global leader in Specialty Reinsurance with a focus on innovation.
- Benefits: Competitive salary, hybrid working, and strong support for career development.
- Other info: Enjoy a diverse and inclusive workplace with a focus on wellbeing.
- Why this job: Shape a sustainable reinsurance portfolio and make a real impact.
- Qualifications: In-depth knowledge of Financial Risks Reinsurance and strong analytical skills.
The predicted salary is between 70000 - 90000 £ per year.
This is a global role; the role holder will be a member of the Specialty Reinsurance team and will be accountable for contributing to the effective delivery of the vision and the strategy for the global Financial Risks Reinsurance portfolio.
You will be responsible for taking underwriting business in accordance with the Specialty Reinsurance business plan.
While there is rarely a 'typical' day as an Underwriter, here's a snapshot of some of the key parts of the job:
- Strategy
- Develop the existing Financial Risks reinsurance book and look for growth and improvement opportunities. The key lines covered are Trade Credit, Surety, Mortgage and Political risk.
- Opportunity to work on other product lines within the wider Specialty team.
- Support the strategic direction of the portfolio and delivery of designated elements of the strategy and business plan.
- Demonstrate good client intimacy behaviours throughout the market.
- Contribute to the effective delivery of the business plan(s), ensuring alignment to strategy, client relationship and profitable growth.
- Work in partnership within the entity and other entities across the regions to leverage relationships and opportunities.
- Where appropriate participate in and contribute to client segmentation and product forum activities to ensure clarity and clear understanding of the approach to specific clients and markets.
- Underwriting
- Generate and manage business on a client relationship basis within agreed risk appetite.
- Understand and contribute to execution of the business plan.
- Ensure client relationship is achieved through the efficient oversight of issues raised including liaison to ensure effective conclusion to complaints and claims.
- Undertake analysis of the location / market to identify new business opportunities, products and clients, ensuring a robust business case.
- Ensure risks are written within the agreed parameters – making sound long term decisions on risks that are written, with a focus on smart rationale underwriting.
- Underwriting Management
- Provide effective oversight and input into the underwriting performance.
- Reporting on an ad hoc basis regarding pipelines, new opportunities, and progress towards strategic goals.
- Liaise with and ensure regional compliance with underwriting management, taking corrective action as necessary and operating within agreed authorities.
- Proactively participate in product forum meetings, as appropriate – challenging and responding to challenges regarding the Product performance.
- Compliance and Risk Management
- Conduct role in accordance with the Company's Business Ethics policy and all regulated entities as appropriate.
- Manage the location/market so that it complies with relevant risk, regulatory and legal requirements and so that it complies with Group policies.
You're going to enjoy this job if you also…
- Have good business and commercial market awareness, specifically of Financial Risks business.
- Strong networking & managing both new and existing client relationships.
- Implementing and delivering on a clear underwriting strategy.
- Key skills in undertaking analysis of market and identifying new business opportunities, products and clients.
- Enjoy the challenge of shaping a sustainable Financial Risks reinsurance portfolio for MS Amlin.
What you'll need:
- Must have in depth knowledge, expertise, relationships and strong experience of the Financial Risks Reinsurance markets.
- Good understanding of relevant risk, regulatory and legal requirements.
- CFA and/or ACII or other relevant qualifications would be an advantage.
What you can expect from us:
- A competitive salary and benefits package is a given, but you can also expect:
- A great team and supportive colleagues.
- Hybrid Working environment.
- Flexible Working.
- A strong focus on diversity, inclusion and equal opportunities.
- A programme of wellbeing and mental health support.
- Employer-supported volunteering (ESV).
- Continuous learning and study support.
- Structured career development.
- An open mind (especially to new ideas and ways of doing things).
Senior Underwriter - Financial Risk (Credit, Political Risk, Surety & Mortgage Treaty Reinsurance) in London employer: MS Amlin
As a Senior Underwriter in Financial Risk at our London office, you will join a dynamic and supportive team dedicated to driving growth in the Specialty Reinsurance sector. We pride ourselves on fostering a culture of collaboration, diversity, and continuous learning, offering flexible working arrangements and robust career development opportunities. With a strong commitment to employee wellbeing and community engagement, we provide an environment where your contributions are valued and your professional journey can thrive.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter - Financial Risk (Credit, Political Risk, Surety & Mortgage Treaty Reinsurance) in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like MS Amlin. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Underwriter - Financial Risk (Credit, Political Risk, Surety & Mortgage Treaty Reinsurance) in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to MS Amlin.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on MS Amlin's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at MS Amlin
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with MS Amlin.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at MS Amlin will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former MS Amlin employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
