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- Tasks: Manage client portfolios and renewals while building relationships with brokers.
- Company: Nexus Trade Credit is a leading trade credit insurer with a global presence.
- Benefits: Enjoy a collaborative team environment and opportunities for professional growth.
- Why this job: Join a dynamic team making an impact in the insurance industry with exciting challenges.
- Qualifications: 2+ years in credit insurance or related fields; Bachelor's degree preferred.
- Other info: Some travel within the UK is required to meet clients and brokers.
The predicted salary is between 36000 - 60000 £ per year.
Nexus Trade Credit are recruiting for a Commercial Underwriter to join our regional team, ideally someone who has previous experience in a similar role. The Commercial Underwriter will form an integral part of the UK Whole Turnover team, primarily focused on servicing our existing policyholders and working with the local broking community to raise the profile of Nexus’ commercial offering.
Nexus Trade Credit is a specialist trade credit insurer within Nexus Group with offices in five countries (UK, USA, Germany, France and the Netherlands). As well as the Whole Turnover product, Nexus offer policies on a non-can basis as well as top-up cover over and above an existing Primary policy.
Principal Duties/Responsibilities:- Managing a portfolio of clients and overseeing renewal in line with the wider company objectives.
- Developing strong relationships with brokers, insureds and prospects to facilitate submission flow, profitable portfolio growth and sustaining high renewal rates.
- Evaluating submissions and underwriting policy terms.
- Working as part of a team to ensure a consistent presence to the market, while managing workloads within the team.
- Preparing pricing models, issuing non-binding indications of terms, and renewing policies in line with the wider authority matrix.
- Liaising with the Risk team over key limit challenges, and understanding the impact of buyer risk on policy underwriting.
- 2+ years of work experience in a credit insurance company or related industry.
- A Bachelor’s Degree or equivalent experience.
- A broad knowledge of and interest in domestic and global economic trends.
- Awareness of credit insurance terminology and policy features.
- Ability to work as part of a team and prepared to take on new responsibilities and challenges as required.
- Good communication skills - written & oral.
- Proficient knowledge of MS Office.
- Some travel required within the UK to visit clients and brokers.
Commercial Underwriter employer: Nexus Trade Credit
Contact Detail:
Nexus Trade Credit Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Underwriter
✨Tip Number 1
Familiarise yourself with Nexus Trade Credit's products and services. Understanding the Whole Turnover product and how it fits into the broader market will help you speak confidently about their offerings during interviews.
✨Tip Number 2
Network with professionals in the credit insurance industry, especially those who have experience with Nexus or similar companies. Attend industry events or join relevant online forums to build connections that could provide insights or referrals.
✨Tip Number 3
Stay updated on current economic trends and how they impact trade credit insurance. Being able to discuss recent developments and their implications during your conversations will demonstrate your expertise and interest in the field.
✨Tip Number 4
Prepare to showcase your relationship-building skills. Since the role involves working closely with brokers and clients, think of examples from your past experiences where you've successfully developed and maintained professional relationships.
We think you need these skills to ace Commercial Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit insurance or similar roles. Emphasise your skills in managing client portfolios, developing relationships with brokers, and any specific achievements that demonstrate your ability to meet the responsibilities outlined in the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of Nexus Trade Credit and its offerings. Mention your previous experience in underwriting and how it aligns with the company's objectives. Use specific examples to illustrate your skills in evaluating submissions and preparing pricing models.
Highlight Relevant Skills: In your application, be sure to mention your proficiency in MS Office and any other relevant software. Discuss your communication skills, both written and oral, as these are crucial for liaising with clients and brokers effectively.
Show Enthusiasm for the Role: Convey your passion for the commercial underwriting field and your interest in the economic trends that affect the industry. This will help demonstrate your commitment to the role and your eagerness to contribute to Nexus Trade Credit's success.
How to prepare for a job interview at Nexus Trade Credit
✨Know Your Stuff
Make sure you brush up on your knowledge of credit insurance and the specific products offered by Nexus Trade Credit. Familiarise yourself with industry terminology and current economic trends, as this will show your understanding of the role and the market.
✨Build Rapport
Since the role involves developing strong relationships with brokers and clients, practice your communication skills. Be prepared to discuss how you've successfully built relationships in the past and how you plan to do so in this new role.
✨Showcase Teamwork
Highlight your ability to work as part of a team. Prepare examples of how you've collaborated with colleagues to achieve common goals, especially in managing client portfolios or handling underwriting processes.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills, particularly around evaluating submissions and managing risk. Think of scenarios where you've had to make tough decisions and be ready to explain your thought process.
