Credit and Political Risk Senior Underwriter

Euler Hermes UK - London; Greater London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance company is seeking a Credit and Political Risk Senior Underwriter to join their dynamic team in London. The role involves originating and executing CPRI transactions, negotiating with brokers, and managing underwriting processes. Ideal candidates should have 5-8+ years of experience in the insurance market, have strong knowledge in credit mechanisms, and demonstrate excellent negotiation and teamwork skills. This position offers a hybrid working model along with various employee benefits.

Benefits

Life assurance

Health cash plan

Income Protection

Hybrid Working

Employee Share Incentive Plan

Various discounts on insurance

Qualifications

• 5-8+ years of relevant experience in Credit and Political Risk Insurance or banking.
• In-depth knowledge of credit insurance mechanisms.
• Experience in underwriting complex structured products.
• Strong organizational and communication skills.
• Fluency in English; proficiency in other languages is a plus.

Responsibilities

• Originate and execute CPRI transactions.
• Support the SC Regional Head in market development.
• Manage the commercial underwriting process.
• Negotiate high-profile transactions with brokers and clients.
• Drive long-term growth and profitability for the portfolio.

Skills

Credit and Political Risk Insurance expertise

Banking product knowledge

Negotiation skills

Organizational skills

Communication skills

Teamwork

Proficiency in English

Job description

Credit and Political Risk Senior Underwriter

The Role

Allianz Trade, Specialty Credit (SC) is seeking a Credit and Political Risk Senior Underwriter to join our dynamic team in London. This role is ideal for individuals with extensive experience in the London Credit and Political Risk Insurance (CPRI) market or relevant banking experience. We are looking for someone who thrives in a fast-paced and rewarding culture and is eager to contribute to our growing operations.

Main Tasks

• Originate, negotiate, and execute CPRI transactions by liaising with brokers and clients.
• Select opportunities based on Allianz Trade / SC underwriting criteria and manage the commercial underwriting process in coordination with our credit analyst team.
• Support the SC Regional Head in strengthening and developing SC in the London market, including the introduction of new products and new clients.
• Drive meaningful growth, long-term quality, and profitability for the portfolio.
• Represent Allianz Trade / SC in all relevant external meetings, conferences, and events both in London and abroad.

Experience Required

• Minimum of 5-8+ years of relevant experience in the Credit and Political Risk Insurance market and / or banking sector.
• In-depth knowledge of credit insurance mechanisms and banking products.
• Strong understanding of a broad range of products, including bank transactions / loans and trade-related financings for corporates.
• Experience in underwriting complex structured products such as Project Finance, Real Estate, Capital Call Facilities, Aviation Finance, etc.
• Experience in underwriting sovereign transactions and undertaking sovereign reviews.
• Ability to negotiate high-profile transactions, including pricing, with a strong working knowledge of market wordings.
• Strong organizational and communication skills, along with efficient work practices.
• Excellent interpersonal skills and ability to work well within a team.
• Capability to train and coach more junior underwriters based on experience and knowledge.
• Fluent in English; proficiency in other languages is a plus.

What We Offer

• Life assurane
• Health cash plan
• Income Protection
• Hybrid Working
• Employee Share Incentive Plan
• Various discounts on insurance through the Allianz Partnership
• And much more

This role is fixed-term and not eligible for visa sponsorship under our current sponsorship policy. We kindly ask that you apply only if you have the legal right to work in the UK without requiring visa sponsorship. We appreciate your understanding and look forward to receiving applications from candidates who meet this requirement.

We are seeking candidates who are naturally curious and have a keen interest in technology and innovation. As we navigate the future, we value individuals who are eager to stay updated with the latest digital trends and advancements. The ideal candidate should demonstrate a proactive approach to learning and adapting to new tools and technologies, especially Artificial Intelligence (AI) powered tools, showcasing a forward-thinking mindset that aligns with our vision for growth and progress.

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We are proud to be an equal opportunity employer and encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love, or what you believe in. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability, sexual orientation, or any other characteristics protected under applicable local laws and regulations. Great to have you on board. Let's care for tomorrow.