Surety Underwriter

  • Job Reference: 00000052-1
  • Date Posted: 15 April 2019
  • Recruiter: Nova Search & Selection
  • Location: City of London
  • Salary: On Application
  • Sector: Insurance > General Insurance - Underwriter, Credit Insurance, Insurance
  • Job Type: Permanent
  • Contact: Kristina Lushey
  • Email: Kristina@novasearch.co.uk
  • Telephone: 07931371990

Job Description

Surety Underwriter

Responsibilities

•Work with the Senior Construction Underwriter in developing a Construction and Credit surety book.

•Maintain an Actively Managed Client portfolio.

•To carry out assessments and underwriting for surety bonds and policies to the standards set by the Company.

•Assist the Travel Underwriting team during peak periods with underwriting assessments.

•To provide a high standard of customer care.

•Assessing risks by analysis of prospective client’s financial statements, bank positions, references and other supporting documentation.

•Preparing detailed assessments and visit reports for presentation recommending acceptance or rejection of prospective clients.

•Setting rates and conditions and finalising quotations.

•Reviewing and checking bonds, policies and membership certificates for signature by the Underwriting Director and Managing Director.

•Monitoring the Actively Managed Clients to the standards set by the company.

•Monitoring client risks, including periodic visits and telephone interviews.

•Reviewing bond and policy wordings and supporting documentation as required.

Experience

•Surety underwriting experience

•2-3 years’ experience in an Underwriting role

•Credit insurance background may be considered.

•Experience in assessing businesses for financial failure - Desired

Nova Search & Selection are acting as an employment agency for this vacancy.