Underwriter Surety (Hybrid, 80-100%)

National Association of Consumer Bankruptcy Attorneys; Madrid; On-site; EUR 47,000 - 78,000; Full time

Benefits offered by this job

Travel opportunities

Performance-based bonus

Job summary

Swiss Re Corporate Solutions in Madrid seeks an Underwriter Surety to join its European team. You will balance risk underwriting with client management for corporates and brokers in Iberia and beyond, contributing to a market‑leading surety business.

You will evaluate credit and transaction risks, manage a client portfolio, and collaborate with internal stakeholders to support structured transactions. Strong Spanish and English skills are essential.

Qualifications

• Minimum 3 years of relevant professional experience in banking, surety insurer, or financial institution with exposure to credit and guarantee products.
• Strong understanding of credit risks, particularly in relation to surety/guarantee structures.
• Proven analytical and decision‑making skills with the ability to assess complex credit and transactional risks.
• Confident communication and interpersonal skills with experience engaging with clients, brokers and internal stakeholders.
• Spanish native speaker with proficiency in English (written and verbal) is essential.

Responsibilities

• Conduct risk assessments for new and existing clients, ensuring alignment with risk appetite.
• Develop and manage your own client portfolio and transactions across Iberia and Europe.
• Analyse and evaluate credit and transactional risks applying rigorous due diligence.
• Approve transactions within your authority levels and prepare submissions for committees.
• Build and maintain strong client and broker relationships through regular engagement.
• Support Senior Underwriters with execution and monitoring of complex transactions and key accounts.
• Conduct market analysis to identify changes in underwriting, market and legal landscape.
• Collaborate with colleagues across the European Surety team to share knowledge and improve processes.

Skills

Credit risk assessment

Client relationship management

Analytical thinking

Decision-making

Communication skills

English proficiency

Education

University degree in finance/economics/law

Job description

Location

Madrid, M, ES

About the Role

As an Underwriter Surety based in Madrid, you will be an integral part of our growing European surety team, connecting analytical insight with hands‑on client management. You will work closely with corporates and brokers across Spain, Portugal and internationally, balancing risk underwriting with client‑facing responsibilities. This role offers a fantastic platform to develop your surety career within one of the world’s leading surety groups.

Key Responsibilities

• Conduct risk assessments for new and existing clients, ensuring alignment with Swiss Re’s risk appetite while maintaining highest standards of client satisfaction
• Develop and manage your own client portfolio and transactions, identifying and driving new business opportunities across Iberia and broader Europe
• Analyse and evaluate credit and transactional risks in close collaboration with internal stakeholders, applying rigorous financial and legal due diligence
• Approve transactions within your own authority levels and prepare structured submissions for relevant committees
• Build and maintain strong client and broker relationships through regular, proactive engagement and direct interactions
• Support Senior Underwriters with the execution and monitoring of complex bespoke transactions and management of key accounts
• Conduct market analysis to identify changes in the underwriting, market and legal landscape, assessing their risk implications and adapting strategies accordingly
• Collaborate with and support colleagues across the wider European Surety team, contributing to a culture of shared knowledge and continuous improvement

About the Team

Backed by more than 150 years of experience, significant capacity and the financial strength of the Swiss Re Group, Swiss Re Corporate Solutions solves the risk management and financing needs of corporations around the globe. We pursue the goal of results‑oriented underwriting. The positive relationship with our customers and brokers across Europe, combined with our strong brand, is the foundation of our success.

About You

You thrive in an international, team‑oriented environment and enjoy combining analytical thinking with client engagement. You are a proactive communicator who builds trust with clients and business partners naturally, and you bring a solutions‑focused mindset to every challenge. You are comfortable working both independently and collaboratively, and you are eager to contribute to the continued growth of a market‑leading surety business.

Requirements

• Minimum 3 years of relevant professional experience, preferably within a bank, surety insurer or financial institution with exposure to credit and guarantee products
• Strong understanding of credit risks, particularly in relation to surety/guarantee structures
• Proven analytical and decision‑making skills, with the ability to assess complex credit and transactional risks and translate findings into clear, structured recommendations
• Confident communication and interpersonal skills, with experience engaging with clients, brokers and internal stakeholders
• Spanish native speaker with proficiency in English (written and verbal) is essential

Nice to Haves

• Experience working with multinational corporations or in a cross‑border European surety/credit context
• Familiarity with legal due diligence processes related to surety or guarantee transactions
• Entrepreneurial mindset with a strong focus on identifying and originating new business opportunities
• Experience using data and market intelligence tools to monitor portfolio performance and market trends
• A university degree or equivalent qualification in finance, economics, law or a related discipline
• The role may require some travel

Compensation

For Spain, the base salary range for this position is between EUR 47,000 and EUR 78,000 (full‑time). The specific salary offered considers:

• the requirements, scope, complexity and responsibilities of the role
• the applicant’s own profile including education/qualifications, expertise, specialisation, skills and experience

In situations where you do not meet all the requirements or you significantly exceed these, the offered salary may be below or above the advertised range. In addition to your base salary, you may be eligible for additional rewards and benefits including an attractive performance‑based annual bonus.

Benefits

The role may involve travel. Additional benefits include an attractive performance‑based annual bonus and other rewards. Detailed benefits information will be provided during the interview process.

About Swiss Re Corporate Solutions

Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry‑leading claims service provides them with additional peace of mind.

Additional Information

We may use AI‑powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.

Reference Code: 138700

Equal Opportunity

Swiss Re Corporate Solutions embraces an inclusive and flexible environment where everyone can bring their authentic selves to work and pursue their passion for sustainability. We welcome applications from individuals of all backgrounds, including those returning to the workforce after a career break. All hiring decisions are made in accordance with applicable equal‑employment opportunity laws.