Surety Underwriter

Euler Hermes; Singapore; On-site; SGD 70,000 - 100,000; Full time

Job summary

A leading trade credit insurance firm in Singapore is seeking an experienced Commercial Surety Underwriter to manage an existing portfolio of clients and develop new business opportunities. The role requires at least 3 years of relevant experience, strong risk analysis skills, and the ability to structure complex financial transactions. This position offers a dynamic environment with a focus on strategic growth in the ASEAN surety portfolio.

Qualifications

• Minimum 3 years of experience in relevant roles such as account management, sales management, and senior risk analysis.
• Proven track record of structuring large, complex transactions.
• Strong risk analysis skills and experience in writing high-level surety submissions.

Responsibilities

• Responsible for account management of existing portfolio and relationship management.
• Develop and convert a new business pipeline.
• Prepare and issue bonds and risk participations with banks.
• Liaise with internal partners including finance, claims and risk teams.

Skills

Account management

Sales management

Risk analysis

Communication

Negotiation

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

3>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 complex financial transactions in a market facing role
• Proven track record of successful experience in structuring of large, complex transactions with large corporations.
• Strong risk analysis skills and experience in writing high level surety submission
• 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