Underwriter - Credit and Political Risks

thehartford; Greater London; On-site; GBP 40,000 - 56,000; Full time

Job summary

The Hartford in London is seeking an International CPRI Underwriter I to support growth and profitability of the CPRI portfolio. The role involves underwriting in line with global frameworks and building relationships with brokers and clients across London and international markets.

Key duties include reviewing accounts, pricing and terms with brokers, and contributing to the development of new products and geographic expansion while coaching junior team members.

Qualifications

• Relevant underwriting experience within the International CPRI marketplace
• Knowledge of trade finance structures and political risk insurance
• Strong process management discipline
• Team player with collaborative orientation

Responsibilities

• Underwrite new and renewal accounts to meet planned underwriting results
• Negotiate account participation, pricing and terms with brokers
• Underwrite in line with CPRI Global framework and guidelines
• Support development and execution of CPRI global underwriting and marketing strategies
• Work with senior leaders to drive development opportunities and balanced portfolio
• Identify and develop new products and geographic territories for CPRI expansion
• Support acquisition of new business and retention through meetings with insureds
• Develop and maintain relationships with brokers and insureds (UK and overseas)
• Coach and develop Underwriting Assistants and Assistant Underwriters

Job description

INTL Underwriter I - UW08YY

We're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals - and to help others accomplish theirs, too. Join our team as we help shape the future.

The position is for a CPRI Underwriter within the CPRI London Market operation. The role will have both personal and collective responsibility for supporting the growth and profitability of the CPRI portfolio. The position involves the underwriting of business in line with CPRI appetites as well as developing and maintaining relationships with London & International Brokers and clients.

Job Responsibilities & Competence

• Underwrite new and renewal accounts to meet planned underwriting results, through proactive account review, analysis of underwriting trends and improvement plans to maintain profitability.
• Negotiate account participation, pricing and terms and conditions with brokers.
• Underwrite in line with CPRI Global framework - e.g. Underwriting Authorities, Underwriting Guidelines, Rules and Principles.
• Support development and execution of the CPRI global underwriting and marketing strategies.
• Work closely with the Head of Political Risk, International and Global Head of CPRI, to drive development opportunities and achieve a balanced portfolio
• Contribute to the identification and development of new products and new geographic territories for expansion of the CPRI book.
• Proactively support acquisition of new business and retention of existing business through both market and one-on-one meetings with our Insureds / potential Insureds.
• Develop and maintain strong relationships with key Brokers & Insured's. This is to include both UK and overseas travel on behalf of CPRI global team.
• Supporting coaching, training and developing of Underwriting Assistants and Assistant Underwriters to continually improve their technical and trading capability and development of a market leading team

Qualifications & Capabilities

• Reasonable standard of education
• Willingness to continue to develop knowledge of CPRI and related issues through form and informal learning
• Ability to prioritise and organise workload and meeting deadlines and that of the team
• Ability to develop and sustain relationships with internal and external customers

Experience

• Relevant underwriting experience within the International CPRI marketplace as a CPRI underwriter at a multi-line property and casualty insurer or Export Credit Agency or similar experience in the trade and export finance field.
• Understanding of CPRI insurance market with knowledge of trade finance structures and political risk insurance.
• Knowledge and experience working on emerging and frontier market economic, political and credit issues.
• Strong process management discipline. Establishes priorities, anticipates problems, determines completion dates, knows and communicates the status of assignments; manages time effectively; uses the services of others effectively.
• Team player with a strong collaborative orientation; ability to build strong relationships across an organization.
• Technical underwriting expertise with regards to wording, regulatory environment and financial analysis

This role will be based in London, UK and you are required to have the necessary right to work details prior to application.

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