Underwriter - Credit

The Role

Credit Underwriter: The Underwriter will work closely with the Director of Underwriting, Credit to support the underwriting, development and profitable growth of OAK Global's Credit portfolio. The role combines technical underwriting, portfolio analytics and strategic planning, working collaboratively with the Risk Analytics & Data Science team to develop market-leading pricing capabilities and support the evolution of OAK's Credit offering.

Key Responsibilities

Credit Underwriting & Portfolio Management

• Credit Underwriting – Collaborate with the Director of Underwriting, Credit to assess, price and underwrite treaty and delegated Credit (re)insurance opportunities in line with OAK's underwriting strategy and risk appetite.
• Portfolio Management – Monitor and manage the exposure and performance of the Credit portfolio, providing analysis of exposures, profitability, accumulation and portfolio optimisation opportunities.
• Broker and Client Engagement – Develop and maintain excellent relationships with brokers and cedants, supporting new business generation and representing OAK Global during client and market meetings.
• Contract Negotiation – Support the negotiation and execution of reinsurance contracts alongside the Director of Underwriting, Credit and Head of Legal, Underwriting.
• Underwriting Governance – Ensure underwriting decisions are appropriately documented, comply with delegated authorities and meet Lloyd's and internal governance requirements.
• Data Quality & Operations – Work collaboratively with Operations to ensure accurate capture of underwriting data and continual enhancement of underwriting workflows and systems.

Risk Analytics & Pricing Model Development

• Collaborate closely with the Risk Analytics & Data Science (RADS) team to enhance OAK's Credit pricing models and underwriting tools.
• Support the development and validation of internal credit risk models, pricing methodologies and portfolio monitoring capabilities.
• Analyse portfolio performance, loss experience and market data to identify emerging trends and opportunities for underwriting improvements.
• Assist in developing portfolio analytics, dashboards and management information to support underwriting decisions and capital allocation.
• Contribute to thought leadership regarding emerging credit risks, macroeconomic developments and geopolitical trends affecting the Credit portfolio.

Business Planning & Market Development

• Support the development of OAK Global's annual Credit business plan, including portfolio strategy, growth initiatives and financial planning.
• Contribute to portfolio budgeting, premium planning and performance monitoring against business plan objectives.
• Assist in identifying new market opportunities, products and distribution channels to support profitable portfolio growth.
• Produce thought leadership, market analysis and technical insights to strengthen OAK's market profile and support broker engagement.
• Work collaboratively across Underwriting, Actuarial, Exposure Management, Claims and Operations to deliver a best-in-class Credit underwriting proposition.

Skills and Experience

• Experienced in underwriting Credit (re)insurance related Credit Risk products.
• Excellent understanding of Credit Reinsurance structures, portfolio management and pricing methodologies.
• Excellent analytical skills with the ability to interpret financial, economic and portfolio data.
• Experience working alongside actuarial, catastrophe modelling or data science teams to develop underwriting tools and pricing approaches.
• Excellent communication and relationship management skills with brokers, cedants and internal stakeholders.
• Commercial mindset with a focus on profitable portfolio growth.
• Highly organised with excellent attention to detail and excellent governance awareness.
• Proficient in Excel and comfortable working with large datasets and underwriting systems; experience with data visualisation or programming tools (e.g. Power BI, SQL, Python or R) would be advantageous.

Our Commitment to Inclusion

OAK Global is committed to building a diverse and inclusive workplace. We encourage applications from candidates of all backgrounds and experiences.