Underwriter

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.