Underwriter

MARKEL INTERNATIONAL SINGAPORE PTE. LIMITED; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

MARKEL INTERNATIONAL SINGAPORE PTE. LIMITED is seeking an experienced underwriter to build and manage a profitable portfolio of structured trade credit and non-payment risks.

The role requires assessing corporate and financial institution risk, structuring coverage, and engaging with brokers, insureds and internal partners across Asia Pacific. The ideal candidate has five years of underwriting experience, fluent communication skills and the ability to deliver concise submissions with clear risk

Qualifications

• Minimum five years of relevant experience in credit insurance or related fields.
• Experience across APAC and other approved markets preferred.
• Knowledge of structured trade credit and non-payment risk is valuable.

Responsibilities

• Underwrite structured trade credit and non-payment opportunities for corporate and financial institution clients across Asia Pacific and other approved markets.
• Assess obligor and transaction risk through financial statement analysis, cash-flow review, sector analysis, country and political risk assessment, and evaluation of repayment sources.
• Analyse the trade or financing structure, contractual framework, payment mechanics, tenor, concentration, security package, recourse and potential loss scenarios.
• Structure, price and negotiate policy terms, limits, deductibles, conditions, warranties, exclusions and risk mitigants within underwriting authority and referral requirements.
• Prepare concise underwriting submissions setting out the risk, mitigants, pricing rationale, downside sensitivities and proposed coverage.
• Manage policies from enquiry through quote, binding and servicing, including endorsements, renewals, exposure monitoring, compliance with conditions and emerging-risk escalation.
• Build effective relationships with brokers, insureds, banks, insurers and internal stakeholders.
• Contribute to profitable portfolio development, new-product assessment and consistent underwriting approaches.
• Maintain complete and timely records and support portfolio reviews, market analysis, audits and projects.
• Collaborate across Markel offices to apply portfolio strategy, underwriting standards and authority consistently.

Skills

Financial analysis

Underwriting

Risk assessment

Stakeholder communication

Portfolio development

Education

Degree in Economics/Finance/Business/Mathematics or related field

Tools

Microsoft Word

Microsoft Excel

Job description

Job Description Summary

The primary purpose of this position is to underwrite and develop a profitable portfolio of structured trade credit and non-payment risks within the agreed business plan, risk appetite and underwriting authority. The Underwriter will assess corporate, financial institution, transaction, country and sector risk; structure commercially appropriate policy coverage; and manage opportunities from initial enquiry through binding, servicing and renewal. The ability to communicate effectively across a range of internal stakeholders and business partners is essential.

Job Responsibilities

• Underwrite structured trade credit and non-payment opportunities for corporate and financial institution clients across Asia Pacific and other approved markets.
• Assess obligor and transaction risk through financial statement analysis, cash-flow review, sector analysis, country and political risk assessment, and evaluation of repayment sources.
• Analyse the trade or financing structure, contractual framework, payment mechanics, tenor, concentration, security package, recourse and potential loss scenarios.
• Structure, price and negotiate policy terms, limits, deductibles, conditions, warranties, exclusions and risk mitigants within underwriting authority and referral requirements.
• Prepare concise underwriting submissions setting out the risk, mitigants, pricing rationale, downside sensitivities and proposed coverage.
• Manage policies from enquiry through quote, binding and servicing, including endorsements, renewals, exposure monitoring, compliance with conditions and emerging-risk escalation.
• Build effective relationships with brokers, insureds, banks, insurers and internal stakeholders.
• Contribute to profitable portfolio development, new-product assessment and consistent underwriting approaches.
• Maintain complete and timely records and support portfolio reviews, market analysis, audits and projects.
• Collaborate across Markel offices to apply portfolio strategy, underwriting standards and authority consistently.

Expectations

• At least five years of relevant experience in credit insurance, trade finance, banking, structured credit or corporate credit analysis, with direct underwriting experience strongly preferred.
• Experience of non-payment and trade credit insurance for corporate and financial institution clients across more than one geography.
• Knowledge of structured trade credit, single-situation or single-buyer risk, structured finance, and pre- and post-shipment cover. Experience of non-cancellable excess of loss policies is advantageous.
• Strong financial analysis skills covering cash flow, leverage, liquidity, debt service capacity and downside scenarios.
• Ability to assess sector, sovereign, political, legal, contractual and structural risks and forma clear underwriting recommendation.
• Good working knowledge of credit insurance policy wordings and the ability to structure and negotiate coverage.
• Ability to manage opportunities under time pressure while producing accurate and well-supported analysis.
• Strong broker and client relationship skills and clear communication with technical and non-technical audiences.
• Commercial judgement, curiosity and adaptability, including support for new product development.
• A relevant degree or equivalent professional experience. Economics, finance, business, mathematics or a related discipline is desirable.
• Proficiency in Microsoft Word and Excel and the ability to learn internal underwriting and portfolio systems.