At a Glance
- Tasks: Assess and underwrite credit opportunities while managing portfolio performance.
- Company: Join OAK Global, a leader in innovative credit solutions.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Diverse workplace committed to inclusion and collaboration.
- Why this job: Make an impact in the credit industry with cutting-edge analytics and strategic planning.
- Qualifications: Experience in credit underwriting and strong analytical skills required.
The predicted salary is between 60750 - 74250 £ per year.
The Underwriter will work closely with the Director of Underwriting, Credit to support the underwriting, development and profitable growth of OAK Global's Credit portfolio. The role combines technical underwriting, portfolio analytics and strategic planning, working collaboratively with the Risk Analytics & Data Science team to develop market-leading pricing capabilities and support the evolution of OAK's Credit offering.
Key Responsibilities
- Credit Underwriting & Portfolio Management
- Collaborate with the Director of Underwriting, Credit to assess, price and underwrite treaty and delegated Credit (re)insurance opportunities in line with OAK's underwriting strategy and risk appetite.
- Monitor and manage the exposure and performance of the Credit portfolio, providing analysis of exposures, profitability, accumulation and portfolio optimisation opportunities.
- Develop and maintain excellent relationships with brokers and cedants, supporting new business generation and representing OAK Global during client and market meetings.
- Support the negotiation and execution of reinsurance contracts alongside the Director of Underwriting, Credit and Head of Legal, Underwriting.
- Ensure underwriting decisions are appropriately documented, comply with delegated authorities and meet Lloyd's and internal governance requirements.
- Work collaboratively with Operations to ensure accurate capture of underwriting data and continual enhancement of underwriting workflows and systems.
- Risk Analytics & Pricing Model Development
- Collaborate closely with the Risk Analytics & Data Science (RADS) team to enhance OAK's Credit pricing models and underwriting tools.
- Support the development and validation of internal credit risk models, pricing methodologies and portfolio monitoring capabilities.
- Analyse portfolio performance, loss experience and market data to identify emerging trends and opportunities for underwriting improvements.
- Assist in developing portfolio analytics, dashboards and management information to support underwriting decisions and capital allocation.
- Contribute to thought leadership regarding emerging credit risks, macroeconomic developments and geopolitical trends affecting the Credit portfolio.
- Business Planning & Market Development
- Support the development of OAK Global's annual Credit business plan, including portfolio strategy, growth initiatives and financial planning.
- Contribute to portfolio budgeting, premium planning and performance monitoring against business plan objectives.
- Assist in identifying new market opportunities, products and distribution channels to support profitable portfolio growth.
- Produce thought leadership, market analysis and technical insights to strengthen OAK's market profile and support broker engagement.
- Work collaboratively across Underwriting, Actuarial, Exposure Management, Claims and Operations to deliver a best-in-class Credit underwriting proposition.
Skills and Experience
- Experienced in underwriting Credit (re)insurance related Credit Risk products.
- Excellent understanding of Credit Reinsurance structures, portfolio management and pricing methodologies.
- Excellent analytical skills with the ability to interpret financial, economic and portfolio data.
- Experience working alongside actuarial, catastrophe modelling or data science teams to develop underwriting tools and pricing approaches.
- Excellent communication and relationship management skills with brokers, cedants and internal stakeholders.
- Commercial mindset with a focus on profitable portfolio growth.
- Highly organised with excellent attention to detail and excellent governance awareness.
- Proficient in Excel and comfortable working with large datasets and underwriting systems; experience with data visualisation or programming tools (e.g. Power BI, SQL, Python or R) would be advantageous.
OAK Global is committed to building a diverse and inclusive workplace. We encourage applications from candidates of all backgrounds and experiences.
Underwriter - Credit in City of London employer: OAK Global
OAK Global offers a dynamic work environment that fosters professional growth through collaboration across various departments such as Underwriting, Risk, and Compliance. Employees benefit from a strong governance framework that promotes effective decision-making and robust risk management. The company is committed to continuous improvement and innovation in its underwriting practices, providing opportunities for employees to contribute to strategic objectives.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - Credit in City of London
✨Tap into Campus Networks
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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.
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Don’t shy away from reaching out directly to firms like OAK Global. 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 Underwriter - Credit in City of 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 OAK Global.
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 OAK Global'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 OAK Global
✨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 OAK Global.
✨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 OAK Global 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 OAK Global 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.
