Surety Underwriter
Core
Underwrite, manage, and develop a portfolio of Surety business (Contract Bonds, Commercial Bonds) from scratch, assessing financial/operational risks and determining terms/pricing.
Role type
Senior Surety Underwriter
Builds
Surety bond portfolio for an MGA
Domain
Insurance / Surety / Construction & Infrastructure
Deliverable
client delivery
Required skills
Surety underwriting, financial statement analysis, credit assessment, contractual interpretation, risk evaluation, pricing determination, regulatory compliance
Preferred skills
Contract Surety Bonds underwriting, Commercial Bonds underwriting, construction/infrastructure sector knowledge, ACII/Cert CII/Dip CII qualifications, UK Surety market experience
Technologies
N/A
Responsibilities
Underwrite new and existing Surety business within delegated authority; Analyse financial statements and business performance data to assess creditworthiness; Evaluate contractual obligations and industry-specific risks; Determine bond terms, security requirements, and pricing; Monitor portfolio profitability, loss ratios, and exposure concentrations; Ensure compliance with internal policies and FCA requirements.
Seniority
Senior, hands-on IC