Surety Underwriter

Everest; Greater London; On-site; GBP 60,000 - 90,000; Full time

Job summary

Everest Advisors (Uk), Ltd. in London seeks a Surety Underwriter to join the team and help maintain and expand a profitable Surety portfolio across Europe. You will underwrite in accordance with Everest standards, support brokers and clients, and contribute to risk assessment and margin improvement.

The role requires solid experience in underwriting or credit, strong judgment, compliance, and relationship-building skills, with a hybrid working arrangement in London.

Qualifications

• Previous experience within an Underwriting / Credit role.
• Judgement / decision making skills – ability to use logic, rationality and objectivity in decision making.
• Risk taking – ability to take calculated risks with favourable outcomes.
• Compliance – ensure compliance with internal and external controls.
• Solid market and product knowledge – develop market knowledge including competitor profiles.
• Relationship building – establish and maintain excellent relationships internally and externally.

Responsibilities

• To assist the Surety team in maintaining and expanding a profitable Surety account in accordance with Line of Business (LOB) business plans.
• To maintain a focus on bottom line underwriting profit for the company.
• To monitor and keep abreast of changes in underwriting, regulation and compliance.
• To underwrite in compliance with Everest prescribed underwriting standards and authorities.
• To refer as appropriate risks exceeding prescribed underwriting authority.
• To represent Everest at meetings in the office and during visits to brokers and customers as required.
• To assist in developing and maintaining existing client and broker relationships and developing new relationships where this is consistent with Everest Surety management objectives.

Skills

Underwriting

Credit risk

Judgement

Compliance

Market knowledge

Relationship building

Job description

Title: Surety Underwriter

Company: Everest Advisors (Uk), Ltd.

Job Category: Underwriting

Job Description:

Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

Core Responsibilities:

• To assist the Surety team in maintaining and expanding a profitable Surety account in accordance with Line of Business (LOB) business plans.
• To maintain a focus on bottom line underwriting profit for the company.
• To monitor and keep abreast of changes in underwriting, regulation and compliance.
• To underwrite in compliance with Everest prescribed underwriting standards and authorities.
• To refer as appropriate risks exceeding prescribed underwriting authority.
• To represent Everest at meetings in the office and during visits to brokers and customers as required.
• To assist in developing and maintaining existing client and broker relationships and developing new relationships where this is consistent with Everest Surety management objectives.
• To liaise with the Claims Manager and Head of International Surety on any claims related issues and to participate in account and management reviews.
• To contribute to the regular analysis and review of underwriting practices and procedures.
• To participate in the underwriting peer review process at the weekly underwriting meetings.
• To assist in the improvement of Everest Surety’s management information systems, rating models, underwriting manuals, service standards, marketing materials, website and risk management and claims functions.
• To enhance the profile of Everest Insurance among Surety brokers and customers primarily in the European market

Skills & Competencies:

• Previous experience within an Underwriting / Credit role as well as good technical knowledge of Surety and/or banking business.
• Judgement / decision making skills – ability to use logic rationality and objectivity in decision making.
• Risk taking – ability to take calculated risks with favourable outcomes.Excellent negotiation skills.
• Compliance – ability to ensure compliance with all internal and external management and regulatory controls.
• Solid market and product knowledge – maintain and develop market knowledge including competitor profiles and products.
• Relationship building – ability to establish and maintain excellent relationships both internally and externally.

#LI-HYBRID

What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.

• Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
• Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

Type: Regular

Time Type: Full time

Primary Location: London

Privacy Notice | Everest (everestglobal.com)