Underwriter Surety (Hybrid work)

Swiss Re; Greater London; Hybrid; GBP 63,000 - 95,000; Full time

Benefits offered by this job

Performance-based compensation

Global and location-specific benefits

Job summary

Swiss Re is seeking a talented Underwriter Surety based in London. This role is pivotal in supporting UK and international clients by blending analytical insight with client engagement. You will manage a client portfolio, conduct risk assessments, and build strong relationships with clients and brokers.

The ideal candidate should have at least 3 years of experience in credit analysis, a degree in finance or related field, and excellent communication skills. This position follows a hybrid work model.

Qualifications

• Minimum 3 years of relevant professional experience, preferably within a bank or surety insurer.
• Strong understanding of credit risks and financial markets.
• Proven analytical and decision-making skills.

Responsibilities

• Conduct comprehensive risk assessments for new and existing clients.
• Manage own client portfolio and develop new business opportunities.
• Analyse and evaluate credit and transactional risks.

Skills

Credit risk analysis

Client management

Financial markets knowledge

Analytical thinking

Proficiency in English

Education

University degree in finance, economics, law or related discipline

Job description

Are you ready to bring your risk and financial expertise to a dynamic, global environment? Join Swiss Re Corporate Solutions in London and play a key role in supporting our UK, Irish and international clients with their surety and guarantee needs. This is your opportunity to combine analytical excellence with meaningful client relationships within a truly entrepreneurial and collaborative setting.

About the Role

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

Key Responsibilities

• Conduct comprehensive risk assessments for new and existing clients, ensuring alignment with Swiss Re’s risk appetite while maintaining the highest standards of client satisfaction
• Manage your own client portfolio and transactions, identifying and developing new business opportunities across the UK, Ireland 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 nurture strong client and broker relationships through regular, proactive engagement and meaningful face‑to‑face interactions
• 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 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.

Candidate 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 and financial markets, particularly in relation to debt financing, capital market instruments and 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 demonstrated experience engaging with clients, brokers and internal stakeholders at a professional level
• Proficiency in English (written and verbal) is essential; additional European language skills are a strong advantage

Nice to Have

• 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

Hybrid Work Model

The expectation is that you will be in the office at least three days per week.

Compensation

For London, the annual base salary range for this position is GBP 63 000 – 95 000 for a full‑time role. The specific salary offered considers the requirements, scope, complexity and responsibilities of the role, as well as the applicant’s profile including education, expertise and experience. In addition to your base salary, Swiss Re offers an attractive performance‑based variable compensation component, designed to recognise your achievements. You will also enjoy a variety of global and location‑specific benefits, eligibility of which may vary depending on the terms of Swiss Re policies and your employment contract.

EEO Statement

Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. All employment decisions will be made on a merit basis, and the workplace maintains a culture encouraging fresh perspectives and innovative thinking. If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

AI Tools 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, however all hiring decisions are carefully reviewed and made by people. Please review our Data Privacy Statement before applying.

Reference Code

138366