Senior Underwriter, Credit & Political Risk Reinsurance (London, GB)

Underwriter, Credit & Political Risk Reinsurance - Shape Global Financial Resilience at Swiss Re

For ambitious professionals seeking to make a tangible impact in the financial sector, Swiss Re presents a compelling opportunity to join its Credit & Political Risk Reinsurance underwriting team. This role is more than just a position; it's a chance to be at the forefront of safeguarding businesses against the complexities of global economic volatility and political uncertainties. If you possess a keen analytical mind and a talent for building strong relationships, this could be your next career-defining move.

At its core, this role is about understanding and mitigating intricate risks. As an Underwriter, you will be instrumental in developing bespoke reinsurance solutions that provide crucial protection for our clients. You will have the autonomy to not only analyze and assess risks but also to craft strategies that drive economic profit while maintaining a robust and strategically aligned risk portfolio.

What You'll Be Doing:

• In-depth Risk Assessment: Dive deep into treaty and facultative business, meticulously analyzing exposure, profitability, and ensuring accurate costing for comprehensive underwriting recommendations.
• Strategic Decision-Making: Provide expert underwriting decisions that are fully compliant with Swiss Re's established guidelines and policies.
• Client & Market Engagement: Negotiate reinsurance terms and conditions, fostering strong, trust-based relationships with clients, brokers, and key players within the credit ecosystem.
• Market Intelligence: Actively gather market insights through regular interaction, ensuring diligent and informed underwriting practices.
• Collaboration & Growth: Work seamlessly with internal teams across various departments, including Client Markets, Business Services, and Risk Management, to identify new opportunities and develop innovative, client-centric solutions.

Who You Are:

This opportunity is ideal for a detail-oriented individual with strong analytical capabilities and exceptional communication and negotiation skills. You thrive in a dynamic, collaborative environment and are driven by the challenge of solving complex problems with innovative solutions. Your ability to foster lasting relationships will be a cornerstone of your success.

We are particularly looking for candidates who bring:

• A university degree in business administration, natural science, or law.
• Proven expertise in structured credit products and bank credit products (e.g., loans, derivatives, structured portfolio transactions).
• A deep understanding of the banking and financial industry, ideally with 7-10 years of experience in a Credit & Surety (re)insurance underwriting capacity.
• Exceptional analytical and conceptual skills coupled with robust problem-solving abilities.
• A willingness to travel to support client engagements and market development.

Bonus Points:

• Proficiency in the German language.
• Experience with innovative technology solutions within the financial or insurance sectors.
• Knowledge of emerging markets and political risk assessment.
• Experience in negotiating complex reinsurance contracts.
• Familiarity with regulatory frameworks impacting credit and surety markets.

Why Consider This Opportunity?

Joining Swiss Re means becoming part of a global leader in risk transfer, renowned for its innovative approach and commitment to sustainability. This role offers a competitive salary range (for London, GBP 106,000 - GBP 158,000 annually, dependent on experience), alongside a performance-based variable compensation component and a comprehensive benefits package. You will be empowered to grow professionally in an inclusive and flexible environment that values diverse perspectives and authentic contributions. Swiss Re Corporate Solutions is dedicated to fostering a workplace where everyone can thrive, regardless of background or career stage. This includes encouraging applications from experienced professionals returning to the workforce.