Risk Underwriter, UK & Europe
About Us
Bondaval is building the decision layer for B2B financial risk, and we intend to shape how the next generation of it is managed.
Every company that sells on credit is taking risk on whether it will get paid. We help them manage that risk with confidence. Our platform combines proprietary technology, specialist underwriting and rated insurance capacity, so businesses can price, monitor and protect their credit, counterparty and payment risk in one place. Trade credit insurance and non-payment guarantees all run on it.
- Named as the #1 fastest-growing insurtech and #19 fastest-growing startup in the Sifted 100 for UK & Ireland
- #4 fastest growing software business in the UK (The Sunday Times 100 Tech)
- We’ve raised ~$35m of capital to accelerate our growth, backed by leading European and American VCs, including Dawn Capital and Octopus Ventures
About the Role
We are hiring a Risk Underwriter to analyse and underwrite UK and international risks within delegated authority, keeping every decision inside our risk appetite and guidelines.
Our London book is growing across multi-buyer, select risk and single obligor programmes. We need more underwriting capacity in the core team to keep decisions fast without loosening discipline.
In year one, success means owning a share of the portfolio independently and taking your own papers to the Underwriting Committee.
Hybrid, with regular presence at our Bermondsey Street office.
Key Responsibilities
- Analyse and underwrite new and on-boarded risks within delegated authority.
- Carry out detailed buyer credit analysis: financials, sector, country and payment behaviour.
- Prepare transaction papers for the Underwriting Committee, and present them.
- Monitor the portfolio for emerging risks and recommend action.
- Track and report portfolio metrics and performance indicators.
- Support renewal reviews and execution with brokers and clients.
- Give product and engineering practical feedback on the tools you use every day.
About You
Required
- 3+ years in credit underwriting or credit analysis, ideally in trade credit insurance, a bank or a credit insurer.
- Strong financial analysis and sound commercial judgement.
- Clear, concise writing that turns analysis into a well-argued recommendation.
- Comfort working across international jurisdictions and their credit and legal environments.
Nice to have
- Experience with trade credit, surety or credit insurance policy structures and wordings.
- Experience working with brokers and capacity providers.
- A second European language.
Compensation, Perks & Benefits
- Competitive base salary
- Meaningful equity in the company
- Private pension · Private medical cover · 25 days’ holiday + bank holidays
- Learning and development budget
- Exposure to clients, brokers, reinsurance partners and investors from day one
- A clear path to senior underwriter, learning alongside the group’s most experienced underwriters
- A volunteer-run Culture Club, regular all-team weeks, hackathons and townhalls
