Spanish Surety Underwriting Expert

hace 4 días


Madrid, Madrid, España Munich Re A tiempo completo

About Munich Re Specialty – Global Markets

We are a leading provider of primary specialty insurance solutions, driven by an effective and adaptable strategy, superior products, and industry leaders working in a supportive environment to achieve our goals.

Job Description:

A Spanish Surety Underwriter is required to be based in Madrid on a full-time basis, reporting into the Head of Underwriting, Spain. The successful candidate will have a proven track-record of growth and profitable underwriting in the Spanish market, with experience across wholesale business and international surety business.

Responsibilities:

  • Develop new product rates, rules, and policy forms in collaboration with the Head of Underwriting Spain and Surety CUO.
  • Manage the Surety portfolio in Spain to achieve business mix and performance goals as established by the CUO Surety.
  • Maintain and execute the Surety underwriting authority delegation and referral processes in Spain.
  • Monitor insurance market trends and developments in Spain to make adjustments to underwriting policy and strategy.
  • Originate new business relationships and process transaction opportunities in Spain and for international clients.
  • Grow the business from scratch and be accountable for the performance of assigned clients and transactions.
  • Conduct a full analysis of underlying counterparties and/or transactions in collaboration with Credit Analysis Teams for complex risks.
  • Provide sound and thorough underwriting recommendations and decisions.
  • Accurately price transactions and contribute towards further development and refinement of pricing processes.
  • Prepare high-quality transaction submissions/triage for clients and drive the discussion/approval process end-to-end.
  • Review contract, bond, and indemnity wordings to ensure compliance with internal guidelines and policies.

Salary: €80,000 - €120,000 per annum, depending on experience.



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