You will join the Underwriting team to help us profitably grow our business across Europe. You will report to the CUO Europe.
Responsibilities:
1. Lead the underwriting strategy for surety businesses, working closely with pricing, product, claims, and other teams.
2. Grow Surety line profitability in line with financial objectives.
3. Manage the full surety portfolio, collaborating with profitability actuaries.
4. Take full accountability for underwriting results in surety.
5. Align underwriting and reinsurance strategy, handling reinsurance programs, participating in negotiations, and validating reinsurance terms & conditions.
6. Support relationship management with TPAs, including selection and agreement drafting in collaboration with Legal & Compliance.
7. Act as a key consultant for underwriting criteria, commercial terms, and claims-related sections in Partnership Agreements.
8. Assist the Claims department in managing large claims and mitigating potential losses.
9. Serve as a product and market expert across Europe, supporting the Sales team in account targeting and evaluation.
10. Engage with the market, including MGAs, Brokers, and Direct clients.
Your Profile
Experience & Skills:
1. Strong expertise in insurance underwriting principles, including risk assessment, pricing, and policy issuance for surety insurance B2B products in a European environment.
2. Experience underwriting financial / credit products within an insurance company or a large TPA.
3. Background in financial analysis, risk management, and deal structuring in B2B industries (corporates).
4. Solid experience in underwriting bonds & financial guarantees, particularly in construction and manufacturing sectors.
5. Deep understanding of the surety industry, including market trends, competition, and distribution channels (Brokerage, MGAs).
6. Ability to ensure compliance with underwriting policies, regulatory requirements, and company standards.
7. Strong financial skills – ability to set business forecasts, monitor budgets, and ensure profitability.
8. Customer-focused approach with an emphasis on satisfaction and consumer duty.
9. Strong analytical and reporting skills to assess and report on insurance risk effectively.
10. Proven leadership and stakeholder management skills.
11. Fluent in English; other European languages (ideally French) are an advantage but not essential.
#J-18808-Ljbffr