Senior Underwriter

QBE Insurance Group

We offer a range of options to support your work/life balance, including flexible start and finish times, part-time work, job sharing, 9 day fortnight and flexible leave options.

Only considering candidates eligible to work in London, UK ⚠️

Primary Details

Time Type: Full time

Worker Type: Employee

S enior Underwriter – Political Risk

We are currently recruiting for our London based Political Risk team (home/office hybrid), working alongside a Portfolio Manager, Senior Underwriter, and an Assistant Underwriter. This will involve underwriting new and existing business in accordance withthe business plan and within a delegated underwriting authority. QBE’s Political Risk team insures a broad range of clients across various sectors and territories, with a key focus on emerging markets. This is a great opportunityto join a growing and historically profitable Political Risk portfolio that provides Contract Frustration and PRI for traders, financial institutions, exportersand corporates. Working alongside a supportive team, you will gain exposure across complex and technical risks. At QBE, we empower our underwriters to use their subject matter expertiseand experience to make informed decisions.

Your new Role:

  • Underwriting new and existing business in accordance with the business plan, risk appetite and reinsurance strategy.
  • Developing and maintaining strong relationships with external and internal stakeholders including customers, brokers, business partners and colleagues, to maximise influence and achieve business objectives.
  • Collaborating with the development of strategic priorities and delivery of the business plan.
  • Involvement in every aspect of the business including reinsurance relationship management, business planning and interfacing with claims, finance, legal, compliance and actuarial teams.
  • Adhering to underwriting standards, instructions, and good practice to minimise risk and maximise efficiency.
  • Regularly attending Lloyd’s, actively participating in meetings, sharing knowledge and supporting the development of junior team members.
  • Ensuring the recording and measurement of insurance risks to ensure accuracy and good practice.
  • Supporting the aggregate management and peer review processes to encourage and develop excellence.
  • Liaising with the service centre regarding insurance contract handovers, processing queries, credit control queries, country/counterparty aggregate management.
  • Contributing to and/or managing team or divisional projects
  • Delivering timely and accurate reporting and portfolio analysis as required on a monthly, quarterly or ad hoc basis.

About you:

  • Experience within the Credit and/or Political Risk market, either in an underwriting or broking capacity
  • An interest in global economic and political affairs
  • Communicate effectively, concisely, and appropriately at all levels.
  • Enjoy working as part of a small team and willing to take on responsibility.
  • Business and financial acumen and curiosity to learn and keep up with market trends and innovations.
  • Technical skills across Microsoft Office, with an intermediate/advanced Excel skillset preferred.

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 - because we know it’s not just what we do that matters, it’s how we do it that makes the difference. In addition to this, we also offer flexible parental leave for both parents and have several employee network groups that support and empower our diverse workforce.

At QBE, we view our people as our most precious asset. We understand the importance of fostering a work environment that is responsive to the changing needs of today's workforce. 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.

Some of the award’s QBE are proud to have won, been a finalist for, and shortlisted for include.

Employer of the Year 2022 Winner – Insurance Insider

British Claims Awards 2022 Winner - InsurTech Award

Insurance Times Claims Excellence Awards 2022 Winner - Claims Product Solution of the Year

Working Families Best Practice Awards 2021 Finalist for: Best COVID-19 Response

Insurance Post British Insurance Awards 2022 Shortlisted for: Best Customer Care, Diversity & Inclusion Initiative of the Year 2022, Specialist Insurer of the Year (for Construction), General Insurer of the Year

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.

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 know that diversity of thought, background and experience enables better decision making, improves the quality of our delivery and helps us to meet the needs of our customers.

About QBE

QBE is an international insurer and reinsurer, listed on the Australian Securities Exchange and headquartered in Sydney. We employ more than 11,000 people, with a local presence in 27 countries.

We are driven by our purpose of enabling a more resilient future – helping those around us build strength and embrace change to their advantage.

We’ve been cultivating resilience since 1886, when our founders started a marine insurance company in Australia to give early pioneers a safeguard against uncertainty. Today, we’re still giving our customers confidence to explore, innovate and take measured risks, secure in the knowledge they’re covered by a strong insurer.

We work hard to build a culture that best supports our people, and not only represents our business, but the world around us. As a business insurance specialist, QBE European Operations offers a range of insurance products from the standard suite of property, casualty, and motor to the specialist financial lines, marine and energy. All are tailored to the individual needs of our small, medium, and large customer base.

To find out more about why you should work for QBE, visit our careers website.

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 NOW! 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.

Please make the Talent Acquisition aware should there be any reasonable adjustments that may need to be made for the interview and the remainder of the recruitment process.

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

QBE Insurance

Global insurance leader with operations in 28 countries.

Working Week

We offer a range of options to support your work/life balance, including flexible start and finish times, part-time work, job sharing, 9 day fortnight and flexible leave options.

  • Mon
  • Tue
  • Wed
  • Thu
  • Fri
  • Mon
  • Tue
  • Wed
  • Thu
  • 🏖️

Our Vacation Policy

We offer 31 days of PTO, including annual leave and additional flexible leave options

Remote Working Policy

We offer a hybrid remote working model.

Company Benefits

  • Health insurance
  • 401(k) company contribution
  • Generous parental leave
  • Dentalcare
  • Equipment allowance
  • Life & Disability Insurance
  • Professional Development Budget
  • Yearly bonuses
  • Mental Health Support

Our Team

We're a team of 14k across 19 departments:

  • business development
  • finance
  • engineering
  • support
  • information technology
  • operations
  • consulting
  • human resources
  • accounting
  • +10 more teams

Desirable Skills and Experience

  • Microsoft Office
  • Excel
  • Underwriting
  • Stakeholder management
  • Relationship management
  • Business planning
  • Reporting
  • Excel

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