Senior Risk Underwriter - Trade Credit
(Hybrid - London or Manchester Office/Home Working)
We have an exciting opportunity to join our Risk Underwriting team within the Trade Credit Insurance industry. Our UK book is varied and the team assesses the credit risk profile of an array of corporates stretching from domestic SME’s through to global, blue-chip companies in a number of trade sectors including Construction, Fuel, Metals, Retail, Advertising, Food & Drink and Tech/IT. In this client, market-facing role you will have the opportunity to own your relationships, developing your underwriting knowledge and profile as a specialist within the market. We empower our underwriters to underwrite their own business, with this role offering both the exposure and support from working with an experienced team. We are looking to speak with experienced trade credit professionals, ideally with credit insurance product knowledge from an underwriting, broking or wider financial services discipline background.
Your responsibilities for this role may include, but are not limited to:
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Manage a portfolio of clients, providing first-class service.
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Establish and strengthen strong relationships with stakeholders including customers, brokers, business partners and colleagues, to maximize influence and achieve business objectives.
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Manage a portfolio of risk, answering credit limit requests as well as providing comprehensive analysis of key risks within the portfolio.
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Contribute and influence in the review and analysis of the portfolio to identify progress toward business objectives.
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Have ownership and demonstrate expertise of a specific sector, providing sectoral reports and regular sector updates to the team and the market.
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Conduct buyer meetings and provide detailed reports on business performance.
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Work closely with colleagues in commercial, new business and claims to ensure our goals are aligned and business plan is achieved.
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Apply the Reinsurance Strategy in order to safeguard the portfolio.
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Contribute and participate in all meetings, in order to share and develop strategy, knowledge and best practice.
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Positively promote the department, division and company as a whole, in order to maximise brand leverage.
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Adhere to underwriting standards, instructions and good practice to minimise risk and maximize efficiency.
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Ensure entries are properly and promptly recorded on QBE systems to ensure accuracy of data.
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Contribute to the aggregate management and peer review processes to encourage and develop excellence.
You will need to be able to display you have the following qualifications and experience, or clear potential to develop these:
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Experienced professional with proven knowledge of the credit insurance market, preferably within an underwriting or broking capacity otherwise wider financial services discipline.
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Intermediate level understanding of relevant software, including Excel and other departmental software packages.
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Extensive knowledge of economic and sectoral trends in the UK and global markets.
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Excellent interpersonal skills to build relationships across all levels of the organisation and with external clients.
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Good reasoning capabilities, creative and lateral thinking, good problem-solving skills.
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To Apply:
To apply for this position please go to https://qbe.wd3.myworkdayjobs.com/QBE-Careers/job/GBR---London/Senior-Risk-Underwriter---Trade-Credit_314813.
For more information about this role, please email Clare Aldrich (Clare.Aldrich@uk.qbe.com). Direct Line: 07977 058 464.
Risk Underwriter, Credit Insurance
London
Reporting directly to the UK Country Manager of Credendo (Short-Term Non-EU Risk) in London and also to the Team Leader in Brussels. You will work closely with the account managers in the London branch and your colleagues at HQ in Brussels (and other branches).
As a Risk Underwriter, your duties will include:
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Gathering and analysing all relevant information for the assessment of short-term credit risks.
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Making decisions on acceptance of credit risk within individual delegated authority or submitting proposals to Credit & Executive Committees.
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Being the contact person for existing / potential clients / brokers and advising them on the decision making process & respond to their specific questions & queries.
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Following up of decisions and monitoring of credit risk within the portfolio.
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Consult and monitor changes in macro and micro-economic conditions of countries & regions where clients of Credendo - Short-Term Non-EU Risk are active.
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Ensuring that procedures, KPI’s and all ancillary information are maintained within the portfolio and kept up to date.
Profile
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Preferably a graduate with 2 years relevant working experience.
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Excellent knowledge of English. An additional language would be an advantage.
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Competent IT skills.
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Clients oriented and have a commercial mind-set.
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Excellent analytical skills and enjoy working with figures.
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Great negotiation skills and be able to present your analyses and ideas both orally and in writing.
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Dynamic and result-oriented; you take the initiative and have a sense of responsibility.
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Be well-organised, accurate and able to work within deadlines.
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Enthusiastic and have a broad interest in international economics and finance.
Our offer
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Being part of a dynamic, high achieving London team.
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A challenging career in a multilingual and international environment.
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Continuous learning opportunities to develop your talent.
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An attractive salary supplemented by excellent fringe benefits.
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The role is based in the City of London.
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To Apply: Please email your CV and a covering letter to Feargal Tierney at f.tierney@credendo.com
This month's featured vacancy
​Senior Underwriter - Trade Credit (New Business). Manchester based (hybrid working)
We currently have an exciting opportunity for a Senior Underwriter to join our growing Trade Credit Team.
We’re looking for an individual who understands and is experienced in new business / commercial underwriting within the trade credit space.
This is an exciting opportunity for an underwriting professional looking to further their career as we will provide the necessary support and guidance for you to excel in your role.
Your New Role:
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Review and quote on trade credit new business submissions in accordance with the business plan and the agreed risk appetite.
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Support the development of the annual business plan for the portfolio and ensure delivery of the plan via sales targets, both individually and as a team.
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Establish strong relationships with both internal and external stakeholders, including customers, brokers, business partners and colleagues, to maximize influence and achieve business objectives.
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Act as a technical underwriting expert to support and enhance new business opportunities.
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Positively promote the department, division, and company as a whole, in order to maximize brand leverage.
About You:
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Proven experience within, and understanding of, the Credit Insurance market, specifically the Trade Credit Insurance product with focus on whole of turnover.
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New business sales / Commercial underwriting experience
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An interest in and previous exposure to different types of trade credit products including Whole of turnover, Single/Selective risk, Excess of Loss, top up and finance led policies
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Strong relationships building skills, with the ability to prospect, present and pitch to brokers Strong internal and external communication skills, experienced in leading negotiations and undertaking presentations to individuals and groups.
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Proven ability to work under pressure in an organised fashion with pipeline management capabilities clearly demonstratable
Why QBE? At My Best  
At QBE, we want our people to feel rewarded and inspired to perform at their best, that’s why we have created “At My Best”. It’s our connection, our way of showing we have your back. We understand that one size doesn’t fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It’s in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA.  
We’re an international insurer that’s building momentum towards realising our vision of becoming the most consistent and innovative risk partner. We can never really predict what’s around the corner, but at QBE we’re asking the right questions to enable a more resilient future – helping those around us build strength and embrace change to their advantage.  
QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation (https://qbeeurope.com/careers/flex-qbe/). 
With more than more than 13,000 people working across 27 countries, we’re big enough to make a real impact, but small enough to provide a friendly workplace, where people are down-to-earth, passionate, and kind.  
To find out more about why you should work for QBE, visit our careers website. 
At My Best - QBE Benefits  
You are more than your work – and QBE is more than a workplace, which is why we provide you with the benefits, support and flexibility to help you concentrate on living your best life personally and professionally.  As well as the benefits below we also offer an extensive choice of other options to suit you!  
30 days holiday a year with the option to buy up to 2 additional days. 
Flexible working - balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours. 
Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary. 
Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.  
Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent. 
Short term remote work abroad - you can request up to 20 days per year to work remotely from certain locations abroad. 
Sustainable investing - we believe sustainable integration is important for long term financial, environmental, and social outcomes. Our pension strategy supports our net-zero goal to achieve year-on-year reductions in carbon footprint, by investing more in green businesses than the broader market, so your savings are looking after the planet's future, as well as your own. 
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QBE Awards  
Some of the award’s QBE are proud to have won, been a finalist for, and shortlisted for include;  
AXCO Global Insurance Awards 2024 Winner: Network Management of the Year 
Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer 
UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year 
Working Dads Employer Awards 2023 Winner: Parental Policies Award 
Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee
You can view all our awards here 
Inclusion of Diversity 
We are striving to create a workplace culture where all our people feel included, and we are committed to building a diverse workforce that is reflective of the communities we operate in.  We are proud to have partnerships with organisations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter, the UN Women’s Empowerment Principles and Race at Work charter helps keep us accountable and transparent. For more information on our strategy targets please take a look at our Careers Page 
Accessibility  
Here at QBE, we are promoting an accessible workplace for all, which includes supporting candidates to perform at their best during their recruitment process. If you require any accommodations, please make your Talent Acquisition contact aware. 
ESG & Sustainability 
At QBE, we believe that integrating sustainability into our business helps us deliver on our purpose of enabling a more resilient future.  Our three key focus areas include fostering an orderly and inclusive transition to a net-zero economy, enabling a sustainable and resilient workforce, and partnering for growth through innovative, sustainable, and impactful solutions. For further information regarding QBE’s sustainability targets, including our net-zero pledges and inclusion of diversity targets, and our award-winning impact investment initiative ‘Premiums4Good’, please visit our Sustainability homepage and read our latest Sustainability Report  
What next? If you have a passion to contribute to QBE’s vision of enabling a more resilient future for our customers and the community, we encourage you to apply! Simply click the “apply” button to submit your CV and other relevant documents, and a member of our friendly Talent Acquisition team will be in contact to discuss your interest further if you meet the requirements of the role.  
We believe this is our moment – what if it was yours too?  
APPLY NOW and let’s make it happen!  
