Surety Underwriter

This is an exciting opportunity for an individual preferably with the CFA designation to join a fast-paced specialist Surety underwriting team. We are looking for an enthusiastic, motivated & proactive individual, to join as Surety Underwriter/Senior Underwriter who will provide high-quality & technical underwriting analysis, consistent with risk appetite and underwriting guidelines.

Key Responsibilities:

• Build and maintain a profitable book of Surety business throughout UKI
• Organize, participate, and where appropriate, lead in client meetings and surety networks
• Originate new business relationships and transaction opportunities/Grow the business with existing clients taking accountability for the performance of assigned clients and transactions
• Implementing pricing and selection standards that support strategic objectives and achieve desired financial goals set by management
• Providing highest level of product quality and customer service
• Interact regularly with clients and brokers to collect relevant information, to originate new business and to ensure client monitoring/Relationship management of current portfolio
• Marketing and Communications. Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to make presentations and communicate articulately.
• Ensure completion of administrative tasks such as reporting, system data entries and maintenance/ Independent review of corporate credit information: annual statements, interim reporting, budgets and credit lines; create risk assessments and annual reviews
• Issuance of Surety policies
• Financial proficiency. Thorough understanding of financial statements and ratios used in risk analysis.
• Legal proficiency. Ability to analyse & understand basic contractual documentation and demonstrate a strong/sound understanding of the concept of counter-indemnity, inter-creditor agreements, creditor priority ranking and structural subordination.
• Systems and programs. Ability to use systems and software programs needed to conduct daily business.

What skills & experience are required?

• Underwriter or Credit Analyst. Individuals currently working in corporate banking, treasury, trade finance, or rating agencies are encouraged to apply.
• Preferably degree (Economics, Business, Law) or equivalent by experience. Full CFA designation highly desirable
• Curious, strong work ethic, resourceful, collaborative with the ability to work in a small energetic team
• Excellent analytical, communication, negotiating and computer skills,
• A positive customer-oriented approach and self-motivated orientation,
• Has an acute awareness of industry trends and external economic factors, and extrapolates what the impact of such trends and factors will be on our business and our customers’ business.

What we offer in return:

• Pension and annual bonus scheme 25 days annual leave plus ability to purchase 5 additional days
• Private Medical cover
• Employee Share Purchase Plan
• Life Assurance
• Subsidised gym/health membership
• Comprehensive Learning & development offerings
• Employee Assistance Program.   

Flexible Working

We are open to discussing flexible working arrangements. This can be discussed with the Recruitment Business Partner managing this position. 

Integrity. Client focus. Respect. Excellence. Teamwork

Our core values dictate how we live and work. We’re an ethical and honest company that’s wholly committed to its clients. A business that’s engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that’s collaborative and supportive. 

Diversity & Inclusion

At Chubb we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.