Senior Broker Credit and Political Risks

Willis Towers Watson; City of Westminster; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A global insurance firm based in the UK is hiring experienced professionals for a Political Risk Insurance role. This position involves executing transactions, managing client relationships, and ensuring compliance with policies. Candidates should have over 5 years of relevant experience and strong communication skills. The company promotes a hybrid working culture that values inclusivity and flexibility, allowing for a mix of remote and in-office interactions.

Qualifications

• 5+ years' experience in the Political Risk Insurance Market or trade finance.
• Understanding of insurance market dynamics and core processes.
• Ability to manage effective client relationships.

Responsibilities

• Execute transactions for clients across multiple products.
• Support clients through meetings and market submissions.
• Manage slips and endorsements, ensuring timely invoicing.

Skills

Political Risk Insurance

Client relationship management

Data interpretation

Effective communication

Attention to detail

Negotiation skills

Tools

Microsoft Excel

Microsoft PowerPoint

Microsoft Word

Job description

FS' Political Risk & Structured Credit team is made up of highly motivated recognised market leaders within the Political Risk and Credit market. Based in London, NY and Singapore, the team is responsible for servicing WTW's global network & clients including corporates, export credit agencies, traders and financial institutions (banks and funds) among others. The team has extensive experience structuring large complex placements to enhance clients' abilities to invest, operate and trade in a portfolio of challenging countries. Our book of business has a global footprint, offering complex solutions to all clients across industry sectors including Renewable Power, Manufacturing, Defence, Aviation, Technology and Oil and Gas and Natural Resources. We also focus on other niche sectors. We encourage all brokers to be involved across the whole portfolio rather than to fully specialise on one particular product or client type. This in turn promotes growth, development and elevated career paths.

Responsibilities

• Broking
  • Execute placements from Non-Binding Indication to confirmation of cover for a large variety of deals
  • Binding transactions for clients across multiple products including Political Risk, Comprehensive Non Payment (Contract Frustration/Credit) and Pre & Post Shipment
• Client/Network Engagement
  • General support to clients by email, telephone and face to face meetings as required
  • Putting together market submissions and understanding clients' needs, and summarising market feedback accordingly
  • Developing new and existing clients, guiding them through the process from initial meetings and engagements to binding first policies
  • Structuring solutions for clients trading and investing in both OECD and developing economies
  • Preparation for market presentations to ensure client's requirements best presented
  • Work with multiple stakeholders on projects within FS as and when appropriate
• Operational / Portfolio Management
  • Slips, endorsements and processing (new policies and regular endorsements)
  • Updating the relevant monitoring tools/spreadsheets (premium/brokerage)
  • Working with the accounts team to ensure timely production of invoices
  • Assisting with claims as and when required
  • Responsible for working in accordance with the WTW Client Excellence Model, and compliance with the WTW policies, including participation in the management of risks (including completion of mandatory training) that may adversely affect the business, interests or reputation of any Group Company
  • Reporting

Qualifications

• 5+ years' experience in the Political Risk Insurance Market, and/or trade finance industry including exposure to Political and Credit risks
• Understanding of insurance market dynamics and core processes
• Develop/Establish relationships with underwriters, both Lloyd's and company markets
• Exposure to wording negotiations
• Effective communication and presentation skills
• Experience of managing effective client relationships
• Ability to interpret and use data optimally
• Good understanding of compliance and applicable regulation
• Highly organised and attention to detail
• Good use of Microsoft Excel, Powerpoint, Word
• Foreign language(s) a plus but not a must

Company Culture

At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organization. We embrace all types of diversity. At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a "hybrid" style, with a mix of remote, in‑person and in‑office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and "hybrid" is not a one‑size‑fits‑all solution.