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:
1. Build and maintain a profitable book of Surety business throughout UKI
2. Organize, participate, and where appropriate, lead in client meetings and surety networks
3. Originate new business relationships and transaction opportunities/Grow the business with existing clients taking accountability for the performance of assigned clients and transactions
4. Implementing pricing and selection standards that support strategic objectives and achieve desired financial goals set by management
5. Providing highest level of product quality and customer service
6. Interact regularly with clients and brokers to collect relevant information, to originate new business and to ensure client monitoring/Relationship management of current portfolio
7. Marketing and Communications. Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to make presentations and communicate articulately.
8. 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
9. Issuance of Surety policies
10. Financial proficiency. Thorough understanding of financial statements and ratios used in risk analysis.
11. Legal proficiency. Ability to analyse & understand basic contractual documentation and demonstrate a strong/sound understanding of the concept of counter-indemnity, intercreditor agreements, creditor priority ranking and structural subordination.
12. Systems and programs. Ability to use systems and software programs needed to conduct daily business.
13. Underwriter or Credit Analyst. Individuals currently working in corporate banking, treasury, trade finance, or rating agencies are encouraged to apply.
14. Preferably degree (Economics, Business, Law) or equivalent by experience. Full CFA designation highly desirable
15. Curious, strong work ethic, resourceful, collaborative with the ability to work in a small energetic team
16. Excellent analytical, communication, negotiating and computer skills,
17. A positive customer-oriented approach and self-motivated orientation,
18. 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.