Underwriter - London, United Kingdom - Atradius

Atradius

Verified Company

London, United Kingdom

4 weeks ago

Posted by:

Tom O´Connor

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Description

Atradius

The Atradius Group provides trade credit insurance, surety and collections services worldwide, and has a presence through 160 offices in 52 countries.

The products offered by Atradius protect companies around the world against the default risks associated with selling goods and services on credit.

Job Description:

Within the Special Products Unit we have a vacancy for a Commercial Underwriter based in London.

The purpose of the role is to strategically grow our Special Products book, predominantly through our broker community whom are mainly based in London and the wider UK, whilst providing the highest standard of service and expertise to customers worldwide.

Special Products designs and creates unique credit insurance solutions for individual contracts or situations, as well as for portfolios of obligors, either for corporates, traders or financial institutions.

Our solutions range from a short tenor spot cargo up to 12-years Project Finance deals.

Our specific team's areas of expertise and focus are the following solutions, all either syndicated or not and on broker wordings or our own:

Single Risks transactions for corporates and traders, commonly up to 1 year.
Excess of Loss and Multibuyer policies, commonly with 1- to 2-year policy periods.
Portfolio solutions for Financial Institutions, specifically Receivables Purchase programs.

Within the team we have responsibilities throughout the entire lifecycle of an insurance transaction with a focus on policy underwriting;
We are responsible for lead generation and the acquisition of new business,
We take an active role in the risk underwriting by reviewing new insurance requests and making proposals internally to our risk analysts on whether we should accept these,
Price the deals accordingly,
Negotiate policy wordings,
Manage the accounts we on-board and
We have a role to play all the way through to claims assessment and payment.

At the moment, around 50% of our time is dedicated on generating and assessing new enquiries and the other 50% of our time is spend on managing and servicing our existing book of business.

This Commercial Underwriter position will have a slightly larger focus on generating and assessing new enquiries as supposed to account management.

What qualification should you have?
An education of at least Bachelor level or equivalent experience, combined with a mature business understanding
Strong research / analytical skills (corporate & financial, sectorial, political risk as well as transactional analysis) with affinity in geopolitics and economics
A proven understanding of the business environment and creativity in finding the right solutions - always keeping sight of risks involved
A proven networker
Very comfortable in a customer facing role and managing a portfolio of highly demanding customers.
Preferably existing working experience as an Underwriter, Sales Manager, Broker or Account Manager in credit insurance, ideally with an existing network in London

First class organizational skills and the ability to manage strategic partnerships at all levels, from operational to C-suite, while working well under pressure.

Able to provide structured updates to all stakeholders (line management, other departments, external stakeholders).
A team player with excellent communication skills in English, and a strong command of Microsoft products (Excel, Word, Teams)
Always looking for efficiencies and process improvements
Willingness to travel on an occasional basis (national and international).

What do we offer?
A dynamic, international and challenging work environment
Training and support to reach your full potential including the opportunity for continuous professional development
Hybrid working (work up to 40% of your working week from home)
Competitive salary and annual bonus scheme
Basic pension contribution is 12% with company contribution up to 18% with 3% employee plus 10 x life assurance cover
Income protection scheme (covering 75% of salary plus pension contributions)

Equal opportunities for all

Do you have any questions about our offer?

I am Atradius - Do you want to know who we are?

Atradius is a global provider of credit insurance, bond and surety, collections and information services, with a strategic presence in over 50 countries.

The products offered by Atradius protect companies around the world against the default risks associated with selling goods and services on credit.

Atradius is a member of Grupo Catalana Occidente (GCO.MC), one of the largest insurers in Spain and one of the largest credit insurers in the world.