Production Underwriting Trainee at Republic Indemnity learning to evaluate and underwrite workers' compensation insurance. Collaborating with teams to analyze risk and communicate decisions effectively.
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Onsite Head – Short Term Insurance Underwriting
Posted 11 hours ago
About the role
- Head of Short-Term Trade Insurance leading the short-term insurance business for the Corporation. Ensuring effective risk management and competitive product offerings to promote exports.
Responsibilities
- The Head of Short-Term Trade Insurance leads the short-term insurance business unit, ensuring effective risk management, competitive product offerings, and alignment with the Corporation’s mandate.
- Lead the design, pricing, and management of short-term trade insurance products.
- Ensure products remain relevant, competitive, and aligned with exporters’ needs.
- Establish and implement underwriting standards for short-term policies.
- Monitor exposure to country, sector, and buyer risks.
- Lead and manage the short-term insurance underwriters, including claims and customer service teams.
- Implement risk mitigation strategies, including reinsurance and diversification.
- Ensure efficient claims handling and timely resolution of disputes.
- Advise senior management and the board on trends in global trade and short-term credit risk.
- Represent the Corporation in various forums locally and internationally on trade credit insurance.
- Evaluate and analyze transactions sought for coverage and structure them into supportable transactions that meet the ECIC mandate and credit requirements.
- Develop and maintain relationships with exporters, lenders, short-term trade insurers, re-insurers and other institutions involved in the export business.
- Responsible for identifying new business opportunities for ECIC with a special focus on the short-term trade insurance business in collaboration with the business development team.
- Conduct the assessment of commercial feasibility, financial and credit worthiness of projects/transactions.
- Conduct project desktop and field due diligence, where applicable, that includes reviewing legal, commercial and financial documents.
- Present and support projects to ECIC approval committee i.e., Project EXCO, FIIC Committee and/or Board for approval.
- Negotiate transactions, structuring and review of commercial terms in the finance documents, security documents and other related documents to reach financial close.
- Interact with the Portfolio Management team, as may be required in relation to approved projects post cover.
- Carry out the corporate strategic plan, and the business goals of the Short Term Trade Insurance business unit.
- Work in collaboration with other business units, such as Risk Unit, Business Development Unit, Portfolio Management Unit, PEAR Unit, Actuarial Unit, Legal Services Unit etc.
- Manage risks and/or compliance issues within the unit in accordance with ECIC compliance and risk management strategy.
- Manage re-insurance transactions for the short-term trade business (inward and outward re-insurance).
Requirements
- A minimum of a Bachelor’s degree with specialisation in Economics, Accountancy, Finance, Banking, Science, Law or Engineering.
- Minimum 10–12 years’ experience in trade credit insurance, banking, or export finance.
- Sound knowledge of international business, contractual, corporate finance practices and accounting.
- Strong credit and risk analysis skills.
- Must be able to comprehensively analyze financial statements.
- Must be familiar with and have the ability to negotiate complex commercial transactions.
- Ability to communicate verbally and in writing at all levels (Board, Executives, Staff and other key Stakeholders).
- Ability to coordinate and manage multiple functions.
- Ability to communicate underwriting concepts to non-specialists.
- Ability to forge relationships with other areas of the business.
- Strong aptitude for problem resolution and decision making.
- Problem solving skills to identify issues and present creative and practical solutions.
- Excellent analytical skills.
- Strict attention to detail and deadline orientated.
- Genuine commitment to highest ethical standards and to sustainable business practices.
- Willingness to travel in-country and internationally.
Benefits
- health insurance
- retirement plans
- paid time off
- professional development
Job title
Job type
Experience level
Salary
Not specified
Degree requirement
Location requirements
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