Senior Underwriter, Credit & Political Risk Reinsurance (80 - 100%)

Hispanic Alliance for Career Enhancement; Greater London; On-site; GBP 106,000 - 158,000; Full time

Job summary

A leading reinsurance company in London is seeking an Underwriter for its Credit & Political Risk Reinsurance team. The role involves analyzing complex risks, developing tailored solutions, and building strong client relationships. Ideal candidates will have a university degree, proven expertise in structured credit products, and 7-10 years of relevant experience. The position offers an attractive salary range between GBP 106,000 and GBP 158,000, alongside performance-based compensation and global benefits.

Benefits

Performance-based variable compensation

Variety of global benefits

Qualifications

• 7-10 years of track record in Credit & Surety (re)insurance underwriting.
• Proven expertise in structured credit products and bank credit products.
• Strong analytical and conceptual skills with excellent problem-solving abilities.

Responsibilities

• Analyze risks and profitability for treaty and facultative business.
• Provide expert underwriting recommendations and ensure compliance.
• Negotiate reinsurance terms and build relationships with clients.

Skills

Analytical capabilities

Communication skills

Negotiation skills

Negotiation

Problem-solving

Education

University degree in business administration, natural science or law

Job description

Location: London, GB

This is a unique opportunity to join Swiss Re's Credit & Political Risk Reinsurance underwriting team. Are you passionate about navigating the complex world of credit and political risk? Join our dynamic team where you'll shape financial solutions that protect businesses against global economic uncertainties. This role offers you the opportunity to blend analytical expertise with relationship building to deliver innovative reinsurance solutions that make a real difference to our clients.

About the Role

As an Underwriter in our Credit & Political Risk Reinsurance team, you'll evaluate complex risks, develop tailored solutions, and build strong client relationships. You'll have the opportunity to drive economic profit while ensuring our risk portfolio remains robust and aligned with our strategic objectives.

Key Responsibilities

• Analyze and assess treaty and facultative business regarding risks, exposure and profitability and conduct thorough, accurate costing
• Provide expert underwriting recommendations and decisions ensuring compliance with Swiss Re's guidelines and policies
• Negotiate reinsurance terms and conditions directly with clients or in collaboration with Client Underwriters
• Build relationships through regular interaction with insurance clients, brokers and professional service providers in credit ecosystems to gather market intelligence and ensure diligent underwriting
• Collaborate effectively with internal stakeholders across Client Markets, Business Services, Credit Risk Management, Contracts, Business Management and Finance
• Drive growth by identifying new opportunities and developing innovative solutions that meet client needs

About You

You're a detail-oriented professional with strong analytical capabilities and excellent communication skills. You thrive in a collaborative environment and are passionate about finding innovative solutions to complex problems. Your ability to build relationships and negotiate effectively will be key to your success in this role.

We are looking for candidates who bring:

• University degree in business administration, natural science or law
• Proven expertise in structured credit products and bank credit products (e.g. loans, derivatives and structured portfolio transactions)
• Deep understanding of banking and the financial industry with ideally 7-10 years of successful track record in a Credit & Surety (re)insurance underwriting-related position
• Strong analytical and conceptual skills with excellent problem-solving abilities
• Willingness to travel

These are additional nice to haves:

• Knowledge of German language
• Experience with innovative technology solutions in the financial or insurance sector
• Understanding of emerging markets and political risk assessment
• Experience in negotiating complex reinsurance contracts
• Knowledge of regulatory frameworks affecting credit and surety markets #LI-Hybrid

For London, the annual base salary range for this position is between GBP 106 000 and GBP 158 000 (for a full-time role). The specific salary offered considers:

• the requirements, scope, complexity and responsibilities of the role,
• the applicant's own profile including education/qualifications, expertise, specialisation, skills and experience.

In addition to your base salary, Swiss Re offers an attractive performance-based variable compensation component, designed to recognise your achievements. Further you will enjoy a variety of global and location specific benefits.

Eligibility may vary depending on the terms of Swiss Re policies and your employment contract.

About Swiss Re Corporate Solutions

Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.

Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

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Reference Code: 135887

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