Surety Underwriter
Our client is a major European Insurance company with a growing team here in Ireland. They are experts in surety bonds/ guarantee to secure projects or contracts. Surety bonds play a major role across a number of business of all sizes & sectors and reduces uncertainty.
The role of the position is handling standardised surety contracts and bonds, providing support to the team, deriving business and/or risk mitigating proposals and following up on the risk associated to those files in a well-defined framework in order to provide adequate support to the clients while minimising potential losses for the company.
Responsibilities
- Providing support to the underwriting, contracts and bonds management or risk monitoring process (collection, analysis and integration of information) regarding standardised insurance files in order to allow the team to elaborate business or risk mitigating proposals for the appropriate decision level.
- Issuing the bonds in case of a standard and non-standard wording in line with actual Underwriting Guidelines for Surety and existing general agreements.
- Following-up the various milestones of the underwriting or policy management and risk monitoring process (such as issuance of contractual documents) in a structured way and reviewing the insurance files in a well-defined framework in order to control and/or mitigate the risk during the whole insurance cycle.
- Make use of the group's information on macro- and microeconomic situations of regions and countries, in order to assess the conditions under which the debtors do business and gain insight into how a country or sector's characteristics can influence the debtor's risk profile.
- Being responsible for the correct registration and administration of contracts and bonds in the specific IT systems in order to ensure that they are correctly reproduced in the system and appropriately documented.
Requirements:
- Strong Analytical skills.
- Ability to manipulate large amounts of data.
- Basic knowledge of accounting principles and practices.
- High attention to detail and accuracy good judgement.
- Negotiation and interpersonal skills.
- Advanced computer skills on MS Office.
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