Job Description:
Our clients are a Maltese based insurance company founded in 2013, and provide insurance capacity to Managing General Agents across the UK and Europe, and they are seeking a Senior Surety Underwriter.
They have offices in Malta and London and usually like their staff to work within an office 3 days a week.
The role is to manage an existing delegated authority book of surety business and further develop the surety business strategy. It will involve analysing credit data and financial information of persons or companies that are applying for credit and providing detailed reports of findings to assist with the decision making process.
A key part of the role shall include managing and winning business in the EU, as well as the UK, which will involve travel, business development activities and a focus on the company's growth strategy.
You would be responsible for a small handful of MGA's, 2 based in Italy, one in Spain, one in Luxembourg. The majority write under delegated authority but one would involve you case underwriting the risks.
Alongside managing an existing book you would also be involved in new business enquiries.
KEY RESPONSIBILITIES -
- Building out and defining the surety underwriting strategy with CUO.
- Leading role in the business development of surety business both in UK and Europe
- Oversight of all surety business and other related business under management
- Evaluation of data assumptions
- Monitoring of pricing
- Observing rules on sanctions and financial crime
- Develop performance metrics
- Liaising with the Actuarial department regarding performance tracking and profit commission entitlement
- Achieve profitable growth in line with our client's objectives.
- Be a reference point for training of technical underwriting and product knowledge
