Credit Risk Underwriter

4 weeks ago

London, Greater London, United Kingdom Liberty Specialty Markets Full time

Position Overview:

Liberty Specialty Markets is seeking a proactive individual to join our expanding and successful non-payment insurance division. The ideal candidate will engage with our diverse Credit Solutions sector, which addresses non-payment exposures exceeding 18 months for financial institutions and governmental entities.

Our offerings include a comprehensive range of products such as corporate financing, interbank lending, derivatives, fund financing, commodity financing, sovereign lending, and project as well as asset-backed financing. In addition to underwriting responsibilities, the role will focus on enhancing relationships with clients and brokers through consistent participation in meetings, conferences, and data-driven insights.

We welcome applicants from various professional backgrounds and provide a dynamic, challenging, and innovative underwriting atmosphere as part of a leading team in the market.

Department & Team Overview:

The Financial Risk Solutions (FRS) team specializes in underwriting credit and political risks on company insurance policies and through Lloyd's of London. These risks pertain to non-payment and non-performance by both private and public sector entities, as well as political hazards such as asset expropriation or confiscation by foreign governments, export restrictions, forced abandonment, and conflict-related issues. Coverage is available in both single-risk and portfolio formats.

Our clients include banks, corporations, trading firms, export credit agencies, and multilateral organizations. FRS operates on a global scale, with regional underwriting centers in key financial hubs supported by three global product divisions: Short Term Trade Solutions, Credit Solutions, and Political Risk Solutions.

Primary Responsibilities:

  • Diligently underwrite a diverse array of non-payment insurance exposures in alignment with the business strategy and personal authority, including negotiating rates, terms, and conditions for both existing and prospective business.
  • Manage specific Client and Broker Relationships, fostering and enhancing connections with customers, brokers, industry organizations, and internal teams to support ongoing business growth.
  • Exhibit a thorough understanding of market dynamics and cycles to drive and improve business performance.
  • Implement any reinsurance requirements in accordance with the business strategy and reinsurance agreements.
  • Engage in the review and analysis of the portfolio to identify risk concerns and new business prospects in collaboration with Country, Credit & Portfolio Risk Management.
  • Contribute to and participate in meetings to share and cultivate knowledge, risk awareness, and best practices. Maintain expertise through relevant development opportunities.
  • Ensure accurate and timely recording of entries in relevant systems, maintaining data integrity related to underwriting and aggregate exposures.
  • Comply with all applicable internal and external laws, regulations, policies, procedures, guidance, and best practices to minimize risk.
  • Adhere to all relevant regulatory requirements as part of your role, demonstrating behaviors aligned with the Conduct Risk Policy, which emphasizes placing customers at the center of our operations and acting with integrity.

Required Skills and Experience:

  • Experience in the Financial Services sector, ideally in a front office/credit/loan syndication role at a commercial or investment bank, within a Public Agency involved in credit and/or political risk insurance, or in an insurance company or broker's credit and political risk insurance division.
  • Proven expertise in assessing and pricing credit risk, with demonstrated capabilities in credit or sovereign risk evaluation.
  • Understanding of the factors influencing Financial Institutions' utilization of risk mitigation products, their internal credit application and review processes, and the regulatory framework.
  • Proficiency in risk profiling, pricing tools, and loss modeling.
  • Strong numeracy, literacy, interpersonal, communication, and negotiation skills.
  • Highly organized with exceptional attention to detail.
  • Ability to analyze and utilize data for informed decision-making, with a proven track record of making risk-based decisions under time constraints.
  • Interest and knowledge in economic, political, and current affairs.
  • Familiarity with legal and regulatory requirements.

About Liberty Specialty Markets (LSM)

Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, a leading global insurer. We provide a wide array of world-class insurance and reinsurance services to brokers and insured parties across all major markets.

Our workforce is integral to our success. This is why "Put People First" is one of the five core values that unite us as a global organization. We embody this commitment through:

  • Creating a vibrant and inclusive workplace while investing in career development.
  • Promoting diversity, equity, and inclusion (DEI). Our Inclusion Matters framework and employee-led networks enhance the diversity of our workforce and foster an inclusive environment.
  • Emphasizing collaboration to leverage our unique perspectives, leading to better decision-making, innovative solutions, and the pursuit of ambitious goals.
  • Supporting a culture that promotes a healthy work-life balance and flexible working arrangements.

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