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- Tasks: Join our team to assess credit limits and monitor exposures globally.
- Company: Nexus Trade Credit is a leading trade credit insurer with a global presence.
- Benefits: Enjoy a full-time role with opportunities for growth and development.
- Why this job: Gain valuable experience in risk assessment while working in a dynamic team environment.
- Qualifications: Degree-level education preferred; strong analytical and communication skills required.
- Other info: Be part of a supportive team and develop your underwriting skills.
The predicted salary is between 20000 - 36000 £ per year.
2 days ago Be among the first 25 applicants
Direct message the job poster from Nexus Trade Credit
Recruiting Talented Insurance Professionals
Nexus Trade Credit is currently recruiting for a motivated graduate to join our UK Risk Underwriting team. The successful candidate will be an integral part of the team, assessing credit limits and monitoring exposures in all sectors both domestically and globally. As a Trainee Risk Underwriter, you will support the New Business team by reviewing credit limit requests for prospective clients and will also take ownership of a portfolio of policyholders and buyers to monitor under guidance.
Nexus Trade Credit is a specialist trade credit insurer within Nexus Group, with offices in five countries (UK, USA, Germany, France, and the Netherlands). The UK team offers credit limits on a Whole Turnover, Key Buyer, and Top Up basis.
Responsibilities:
- Form part of the UK risk team, assisting the new business, renewals, and claims teams.
- Assess credit limit requests with guidance, considering the full scope of the policy and risks related to buyers, countries, and industries.
- Develop risk underwriting skills to progress to individual underwriting authority.
- Manage a portfolio of clients, understanding their trade and that of their customers to enable accurate risk assessment.
- Attend meetings with policyholders, brokers, and buyers.
- Proactively monitor credit limits and risk strategies.
- Monitor industry, economic, and political trends.
- Liaise internally and externally about risks and policies, including with underwriters, brokers, clients, and information providers internationally.
Experience:
- Degree-level education preferred, ideally in business, economics, or finance.
- Enthusiastic and hardworking with a focus on excellent service.
- Strong analytical, organizational, and communication skills.
- Commercial awareness with a strategic mindset.
- Ability to work in a team and take on new responsibilities and challenges.
- Interest in domestic and global economic trends.
- Proficient in MS Office.
By submitting your CV, you agree to the Privacy Policy of Nexus Underwriting and consent to the processing of your personal data.
Seniority Level
- Entry level
Employment Type
- Full-time
Job Function
- Analyst and General Business
Industries
- Insurance
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Trainee Risk Underwriter employer: Nexus Trade Credit
Contact Detail:
Nexus Trade Credit Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trainee Risk Underwriter
✨Tip Number 1
Familiarise yourself with the insurance industry, particularly trade credit insurance. Understanding the basics of how credit limits are assessed and the factors influencing risk can give you a significant edge during interviews.
✨Tip Number 2
Network with professionals in the field. Reach out to current or former employees of Nexus Trade Credit on platforms like LinkedIn. Engaging in conversations can provide insights into the company culture and expectations, which can be invaluable during your application process.
✨Tip Number 3
Stay updated on current economic trends and news that could impact the insurance sector. Being able to discuss recent developments in the economy or specific industries during your interview will demonstrate your commercial awareness and genuine interest in the role.
✨Tip Number 4
Prepare for potential case studies or scenario-based questions. As a Trainee Risk Underwriter, you may be asked to assess hypothetical credit limit requests. Practising these scenarios can help you articulate your thought process clearly and confidently during the interview.
We think you need these skills to ace Trainee Risk Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant skills and experiences that align with the Trainee Risk Underwriter role. Emphasise your degree in business, economics, or finance, and any analytical or organisational skills you've developed.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the insurance industry. Mention specific reasons why you want to work at Nexus Trade Credit and how your background makes you a suitable candidate.
Highlight Relevant Skills: In your application, focus on your strong analytical and communication skills. Provide examples of how you've demonstrated these abilities in past experiences, whether through academic projects or internships.
Showcase Your Interest in Economic Trends: Demonstrate your interest in domestic and global economic trends in your application. You could mention any relevant coursework, research, or personal interests that relate to this aspect of the role.
How to prepare for a job interview at Nexus Trade Credit
✨Research the Company
Before your interview, take some time to learn about Nexus Trade Credit and its role in the insurance industry. Understanding their services, values, and recent developments will help you answer questions more effectively and show your genuine interest in the company.
✨Showcase Your Analytical Skills
As a Trainee Risk Underwriter, strong analytical skills are crucial. Be prepared to discuss examples from your academic or work experience where you've successfully analysed data or assessed risks. This will demonstrate your capability to handle the responsibilities of the role.
✨Prepare Questions
Interviews are a two-way street. Prepare thoughtful questions about the team dynamics, the training process, and how success is measured in the role. This not only shows your enthusiasm but also helps you gauge if the company is the right fit for you.
✨Demonstrate Teamwork
Highlight your ability to work collaboratively, as this role involves liaising with various teams and stakeholders. Share specific examples of how you've contributed to team projects or supported colleagues in achieving common goals.
