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Trainee Underwriter, Political Risk & Credit

Convex • London, City of London, GB • 2d ago

Trainee Underwriter, Political Risk & Credit

Department: Underwriting - Insurance

Employment Type: Permanent

Location: London, UK

Description

You will play a visible role in ensuring the effective delivery of the vision and the strategy for Political Risk & Credit in relation to specific portfolio(s) and / or markets to an agreed authority level.

As an Underwriter, you will be focused on the successful management of specific client portfolios and relevant market activity within the Political Risk & Credit line of business. Moreover, you will take responsibility for maintaining and building new business which profitably grows the portfolio and minimises loss exposures.

We will consider hiring at Trainee Underwriter level, provided you have gained some experience with Political Risk & Credit. Our experienced team will invest the time and effort to help you develop and ultimately progress to Underwriter level.

Our portfolio comprises of Political Risk & Credit business written across multiple territories across the globe through both direct and delegated distribution channels.

Key Responsibilities

Strategy

Provide input into the strategic direction of the portfolios and products, being responsible for the effective delivery of designated elements of the strategy and business plan.
With the Lead Underwriter and Market Unit Head/ Product Group Leader – identify and pursue opportunities that will enhance the proposition and strategic goals.
Where appropriate collaborate with other portfolios, products and SBU’s across the regions to leverage relationships and opportunities.
Develop and proactively manage the designated business by utilizing relevant resources as appropriate.

Underwriting

Generate and manage business on a client relationship basis for specific portfolio and product groups and platforms within the SBU.
Ensure risks are written within the agreed parameters – making sound long term decisions on risks that are written.
Alignment to and delivery of tactical client intimacy initiatives within the portfolio(s), markets and product forum.
Undertake analysis of the portfolio to identify business opportunities, products and clients, ensuring a robust business case.
Where appropriate, seek out and grow opportunities with new clients.
Ensure client intimacy is achieved through the efficient oversight of issues raised including liaison to ensure effective conclusion to complaints and claims.
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.

People Management

Effective performance management or mentoring of individuals, ensuring high levels of engagement, motivation and retention of our talent and key performers.

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 is complies with relevant risk, regulatory and legal requirements and so that it complies with Group policies.

Skills Knowledge and Expertise

Bachelors’ degree level preferred, although not required
Minimum of 3 years of relevant (re)insurance industry experience, specifically within Underwriting Community
Excellent verbal and written communication skills
Able to use discretion in working to resolve issues
Possess a continuous improvement mindset
Ability to work flexibly in order to complete duties of the role, particularly during peak underwriting periods
Proven ability to prioritise and organise effectively
Proven ability to work with speed and accuracy, particularly under pressure
Experience supporting work allocation and working to SLAs/tight deadlines
Proven experience of building and maintaining good working relationships
Committed to developing a career in Underwriting
Studying or committed to studying CII exams.