Senior Surety Underwriter (London, GB-LND, GB)

Zurich Insurance
London
Workplace: HybridFull timeFunction: Banking, Lending & CreditSkills: []

Experienced UK Contract and Commercial Surety underwriter sought to drive the Zurich Surety portfolio in London. You’ll handle complex contract and commercial risks, contribute to credit committees, negotiate bond wordings, develop client/broker relationships, and implement operational improvements within a hybrid London office setting.

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Zurich Insurance
Zurich Insurance
6 months ago

Senior Surety Underwriter (London, GB-LND, GB)

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Source: Company careers pageValidated by: Fursa AI
Last checked: 9 hours agoStatus: Live

Job Summary

Experienced UK Contract and Commercial Surety underwriter sought to drive the Zurich Surety portfolio in London. You’ll handle complex contract and commercial risks, contribute to credit committees, negotiate bond wordings, develop client/broker relationships, and implement operational improvements within a hybrid London office setting.
Location: London
Workplace: Hybrid
Employment Type: Full time
Job Function: Banking, Lending & Credit
Seniority: Sr. Manager level

Key Responsibilities

  • •The facility and bond underwriting within individual underwriting authority and for providing recommendations for approval by credit committee for facilities and bonds outside of individual underwriting authority.
  • •Participation on credit committees with authority alongside other credit committee members to approve larger facilities and bonds underwritten by Zurich’s UK Surety team.
  • •Negotiate bond wordings, indemnities and other recourse documents for new and existing facilities including negotiations with external solicitors and clients.
  • •Act as referral point for other members of the team for bond enquiries, indemnity and recourse documentation.
  • •Develop a pipeline of facility and bond enquiries through client, internal Zurich relationships, cross selling and broker relationships.

Pay and Benefits

Perks:PensionAnnual BonusHealth Insurance

Key Requirements

  • •Proven experience in underwriting UK Contract and Commercial Surety business
  • •Strong financial analysis skills, with the ability to review and interpret financial statements to assess the creditworthiness of Surety clients
  • •Solid understanding of indemnity structures and how they apply in practice
  • •Collaborative approach and a strong team player
  • •In-depth knowledge of Surety bond wordings and associated documentation
Experience:InsuranceSurety

Company Brief

Zurich Insurance
Zurich Insurance Group is a global insurance company offering a wide range of general insurance and life insurance products and services to individuals, small businesses and large corporations across multiple markets worldwide.
Industry: Insurance
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Zurich, Switzerland
Founded: 1872
Glassdoor
Glassdoor: 3.7
WebsiteLinkedIn