Underwriter - Credit and Political Risk

IQUW; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a talented Underwriter to join their dynamic Credit and Political Risks team. This role offers a unique opportunity to engage with diverse clients and contribute to the growth of the CPRI portfolio. The ideal candidate will possess a strong underwriting background in the Lloyd's market, exceptional sales skills, and the ability to develop strategic relationships. Join a forward-thinking company that values analytical thinking and proactive relationship management, and make a significant impact in the world of specialty insurance.

Qualifications

• Proven track record of underwriting in the Lloyd's market.
• Strong communication skills and ability to develop new business sources.

Responsibilities

• Deliver the approved Credit and Political Risk business plan.
• Underwrite all elements of the CPRI portfolio with a focus on Credit risks.

Skills

Underwriting in Lloyd's market

Sales skills

Communication skills

Relationship management

Credit risk assessment

Portfolio management

Job description

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About us

IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.

Overview

About us

IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.

The role

The role of an Underwriter at IQUW is challenging yet rewarding. It offers the opportunity to become a key member of a leading, next-generation underwriting team within IQUW Group’s growing Credit and Political Risks team.

Our global offering indemnifies DFIs, commercial banks, traders, ECAs, and corporates on their lending and asset exposures to contractual counterparties, including both corporate (CR) and (sub-)sovereign (CF) entities. The CR component is a particular growth area for us. The CR book currently consists of investment-grade counterparties and well-known structures such as term loans, RCFs, LCs, and others.

The key to success in this role will be a highly detailed and analytical underwriting approach, proactive relationship management with a profit-driven focus, and excellent organisational skills.

Key Responsibilities

1. In collaboration with the Lead Underwriter, responsible for delivering the approved Credit and Political Risk class of business plan and providing input towards the longer-term strategy.
2. Demonstrate underwriting excellence across the CPRI portfolio by adhering to Lloyd’s regulatory framework along with IQUW risk appetite, standards, and guidelines, rating and pricing adequacy.
3. Underwrite all elements of the CPRI portfolio with a particular focus on Credit risks.
4. Identify new opportunities for expansion of the CPRI portfolio, in accordance with the strategy set for the syndicate.
5. Maintain high-quality underwriting, appropriate exposure assessment, contractual terms, and adherence to respective rules and guidelines.
6. Assist with the development of the pricing models to support the underwriting/pricing of the portfolio.
7. Maintain and establish strong relationships with clients and intermediaries, promoting the IQUW brand.
8. Provide a knowledgeable service offering to brokers and clients, making IQUW a go-to market for CPRI.
9. Adhere to IQUW Group’s compliance framework, policies, procedures, and regulatory and risk management responsibilities.

Essential Qualifications, Skills, and Experience

1. A proven track record of underwriting in the Lloyd’s market across various segments of the Credit and Political Risk class.
2. Excellent sales skills and an insatiable appetite to increase portfolio profitability.
3. Strong communication skills, comfortable working with clients, industry leaders, and internal teams.
4. Excellent relationships with brokers and clients, with the ability to develop new business sources.
5. Deep underwriting and portfolio management knowledge of the Credit and Political Risk class.
6. Experience with both mature and emerging markets, focusing on Credit risks.
7. Ability to run standard credit risk assessment tools and develop in-house capabilities.
8. Experience influencing stakeholders inside and outside the business.

Desirable behavioural attributes

• Interpersonal and relationship-building skills.
• Strategic, adaptable, and resourceful problem solver.
• Decisive with good judgment and accountability.
• Highly articulate and numerate.
• Team player with innovative mindset.
• Highly organized with prioritization skills.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Finance and Sales

Industries

• Insurance