About the Role
Markel International’s Trade Credit, Political Risk & Surety team (TCPRS) is seeking an experienced Trade Credit Underwriter to join their highly motivated team. This role involves both Risk and Commercial underwriting to develop a portfolio of corporate and banking clients, contributing to the global growth of the Trade Credit book and embracing new ideas in policy development and IT solutions. The successful candidate will be part of the UK & Europe team, a key region for future growth within the global Trade Credit market.
Responsibilities
- Working directly with the Markel trade credit team and head of business development to drive forward growth of the portfolio in the region.
- Developing a targeted plan to work with and support key broker partners.
- Managing the credit approval process for existing clients and new business submissions.
- Performing financial analysis of broker submissions.
- Compiling and presenting detailed submissions for peer committee review.
- Assisting the division in achieving its portfolio growth, client retention & loss ratio targets.
- Developing a portfolio of corporate and banking clients through creation of strong partner relationships within broker and banking networks, as well as direct client engagement.
- Developing skills in negotiating policy terms and conditions.
- Marketing and presenting the Markel brand to brokers and insureds.
- Supporting the team with all aspects of the underwriting process.
- Supporting Management with any special projects & ad-hoc duties as required.
Requirements
- Experience within the credit insurance and political risk industry or a related field, with a proven past track record.
- Good understanding of risk underwriting with financial analysis experience, across a wide variety of countries and trade sectors.
- Experience of commercial underwriting (training will be provided if not essential).
- Experience with trade & export finance risk analysis and assessment, including single situation credit and whole turnover XOL business.
- Country Risk knowledge.
- Familiarity with key aspects of insolvency legislation in major trading economies.
- Familiarity with analytical tools inc: Fitch, Moody’s, Standard & Poor’s, Capital IQ, EIU, IHS Global Insight, BVD, Bloomberg.
- Familiarity with, and an openness to use and/or embrace AI technology as a supporting underwriting tool.
Skills
- Risk underwriting
- Financial analysis
- Commercial underwriting
- Trade & export finance risk analysis and assessment
- Country Risk knowledge
- Insolvency legislation knowledge
- Analytical tools (Fitch, Moody’s, Standard & Poor’s, Capital IQ, EIU, IHS Global Insight, BVD, Bloomberg)
- AI technology as a supporting underwriting tool
Location
- London
Work Type
- Hybrid
Experience Level
- Experienced
Salary/Compensations
- A great starting salary plus annual bonus
Benefits
- Up to 16% company pension scheme
- Private medical and dental cover
- Menopause plan
- Emergency care benefit (children/Pets/dependants)
- Income protection
- Life assurance
- Electric car scheme
- Travel insurance
- 25 days paid holiday plus Bank Holidays
- Opportunity to buy/sell extra leave
- Opportunities to learn new skills and develop in your career
About the Company
- Markel International’s Trade Credit, Political Risk & Surety team (TCPRS) is a well-established and high-profile team within the global Trade Credit market, providing bespoke solutions to clients across the world.
- Part of Markel Group (NYSE – MKL), a Fortune 500 company with over 60 offices in 20+ countries.
- Markel Group is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.
- We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further.
- The work we do at Markel gives people the confidence to move forward, reach their full potential and seize opportunities.
- We’re always pushing each other to think further because we believe that when we strive for better and realise our potential, we can help others reach theirs.
Equal Opportunity
- At Markel we are all about the people, celebrating the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances.
- Whatever your background, if you feel you meet the requirements of this role then we want to hear from you.
- We are also happy to consider candidates who are looking for flexible working patterns.
- We will ensure that individuals are provided with any reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful.
