Spanish Surety Underwriting Expert
hace 4 días
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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