MARKEL INTERNATIONAL SINGAPORE PTE. LIMITED Hiring! Full Time Underwriter in Central Region (Singapore), Earn up to SGD 15,000 - Ricebowl

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.

Markel Corporation (NYSE – MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.

In each of our businesses, we seek to deliver innovative products and responsive customer service so that we can be a market leader. Our time horizon is long-term, our approach is disciplined, and our focus is on continuously improving the quality of the customer experience.

At Markel, we hold the individual’s right to self-determination in the highest light, providing an atmosphere in which people can reach their personal potential. We respect our relationship with our suppliers and have a commitment to our communities. Above all we enjoy what we are doing. There is excitement at Markel, one that comes from innovating, creating, striving for a better way and sharing success with others.

In Asia Pacific, Markel comprises of 60 individuals across offices in Hong Kong, Singapore, Shanghai, Dubai, Mumbai and Kuala Lumpur. Working closely with underwriting teams in London, Markel Asia Pacific is empowered to underwrite risk on behalf of Markel’s Syndicate 3000 at Lloyd’s. We underwrite a broad range of specialist insurance classes (e.g. Energy, Professional Risks, Trade Credit, Marine Hull, Marine Liability) and are leaders in a number of our chosen areas. A great emphasis is placed on the relationship between the insured and insurer with a focus on meeting clients and producers in their home territories.