Commercial Surety Underwriter

EULER HERMES SINGAPORE SERVICES PTE. LTD.; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading insurance company in Singapore seeks an experienced Commercial Surety Underwriter to manage client portfolios and develop new business pipelines. You will leverage your expertise in account and sales management, risk analysis, and communication to enhance the ASEAN Surety portfolio. Ideal candidates have at least 3 years of relevant experience and hold a Bachelor's degree in a related field. Join a dynamic team focused on innovative insurance solutions.

Qualifications

• Minimum 3 years of experience in account management, sales management, and senior risk analysis roles.
• Experienced in structuring and managing financial transactions.
• Strong risk analysis and negotiation skills.

Responsibilities

• Manage account relationships, renewals, and risk monitoring for clients.
• Develop and convert new business pipelines in new Surety markets.
• Liaise with internal teams including finance and risk for effective transaction structuring.

Skills

Account management

Sales management

Risk analysis

Communication skills

Presentation skills

Education

Bachelor's degree in Business, Finance or related field

Job description

Allianz Trade is a leader in the trade credit insurance market and embraces innovative technologies. We utilize Artificial Intelligence powered tools and encourage candidates with a basic understanding of commonly used platforms, as well as an awareness of best practices and the potential risks associated with AI in the workplace to apply.

The position forms part of the Allianz Trade ASEAN Surety team, you will contribute to the achievement of profitable and sustainable growth under Allianz Trade’ Asia Pacific Surety strategy. We are currently seeking an experienced Commercial Surety Underwriter to step into an existing portfolio of ASEAN based clients and to develop and manage a new business pipeline utilising a broad commercial understanding of corporate clients and knowledge of the surety product.

Key Responsibilities

Reports To: Head of Surety & Guarantee, ASEAN

• Responsible for account management of existing portfolio of clients including relationship management, facility renewal and risk monitoring, documentation
• Responsible for developing and converting a new business pipeline
• Support opening of new Surety markets and execute business strategy in these markets
• Execute commercial strategy in line with Allianz Trade’s new business thresholds to grow the ASEAN surety portfolio
• Preparation and issuance of bonds and risk participations with banks
• Liaise with internal partners including finance, claims and risk teams
• Structuring of transactions with multinational corporations and banks
• Develop and maintain relationships with strategic partners, including but not limited to clients, brokers, banks, lawyers etc
• Manage relationships with stakeholders including Allianz, AGCS, other Allianz Trade’s Surety BU’s and Allianz Trade’s Global Surety Team
• Responsible for investigation, analysing, and managing all necessary underwriting/accounting/work flow issues, within framework of Surety policies and procedures
• Provide timely, regular and accurate reporting and monitoring of client portfolio

Job Requirements

• Minimum 3 year’s experience in relevant roles including account management, sales management, and senior risk analysis roles
• Bachelor's degree in Business, Finance or related field
• Experienced professional in the financial services industry with a background in structuring and managing financial transactions in a market facing role
• Strong risk analysis skills
• Proactive and creative in execution of business strategy in a corporate environment
• Strong communication, presentation and reporting skills
• Proactive and sociable personality
• Ability to analyze and negotiate legal documentation, act as liaison with corporate legal counsel