Senior Underwriter, Credit & Political Risk

Westfield Insurance; Camden Town; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance provider in Camden Town seeks an experienced credit risk analyst. The role involves detailed credit assessments, structuring insurance policies, and monitoring risk exposure. Candidates should have over 7 years of experience in credit analysis, a finance-related degree, and strong analytical skills. This position offers a collaborative work environment with opportunities for mentorship.

Qualifications

• 7+ years' experience in credit analysis, corporate banking, or credit risk underwriting.
• Strong background in financial statement analysis and sovereign risk assessment.
• Excellent ability to communicate complex issues to various audiences.

Responsibilities

• Perform credit assessments of corporates and institutions globally.
• Structure and price credit risk insurance policies.
• Mentor junior team members and participate in internal training.

Skills

Analytical skills

Financial modelling

Interpersonal skills

Problem-solving

Education

Degree in finance or related field

Accountancy qualification

CFA or similar

Tools

Excel

Data tools

Job description

• Perform detailed credit assessments of corporates, financial institutions, sovereigns and sub-sovereigns across global markets.
• Structure and price credit risk insurance policies, considering counterparty creditworthiness and macroeconomic conditions.
• Scrutinise transactions structures for various asset classes (including collateral, covenants, cashflow modelling and commercial aspects).
• Assist with the development and maintenance of internal credit rating models/methodologies and risk scoring for obligors.
• Monitor and reassess credit risk exposure within the existing portfolio, recommending mitigation actions where necessary.
• Contribute to syndicate business planning by analysing market trends, industry sectors, and geopolitical developments.
• Collaborate with internal and external stakeholders, including Claims, Actuarial, DUA and other support functions within Westfield, as well as reinsurance brokers and reinsurers.
• Maintain and develop strong relationships with brokers and clients, to support origination and retention of quality business.
• Ensure compliance with all necessary company, Syndicate, Lloyd's and external regulatory (FCA, PRA) requirements, in a timely and comprehensive manner.
• Mentor junior team members and contribute to internal training and knowledge-sharing. Excellent analytical and decision‑making skills with a strong commercial focus.
• Ability to articulate complex credit issues clearly to both technical and non‑technical audiences.
• High proficiency in financial modelling, Excel, and relevant data tools.
• Strong interpersonal skills and ability to work in a collaborative underwriting environment.
• Sound judgment and proactive approach to problem‑solving and portfolio risk management., 7+ years' experience in credit analysis, corporate banking, credit risk underwriting and/or accountancy (or equivalent roles).
• Strong background in financial statement analysis, transaction structures, and/or sovereign/country risk assessment.
• Ideally, experience underwriting or analysing risks in both emerging and developed markets.
• Familiarity with Lloyd's market operations and CPR product lines is desirable.
• Ideally, degree in finance, economics, accounting or related field; accountancy qualification, CFA or similar preferred.