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Group Senior Underwriter - Surety

Remote: 
Full Remote
Salary: 
144 - 144K yearly
Experience: 
Senior (5-10 years)
Work from: 

Offer summary

Qualifications:

Master’s in finance or insurance or equivalent, At least 7 years of underwriting experience.

Key responsabilities:

  • Analyze risks associated with bonding facilities
  • Determine maximum risk and necessary collateral security
  • Coordinate decision-making with Group Underwriting Department
  • Assist entities with portfolio analysis and adaptation
  • Ensure compliance with regulations and procedures
Coface logo
Coface Insurance XLarge https://www.coface.com/
1001 - 5000 Employees
See more Coface offers

Job description

Company Description

Avec plus de 75 ans d'expérience et un réseau international exhaustif, Coface est un acteur mondial de premier plan de l'assurance-crédit et de la gestion des risques. Coface est également un expert reconnu de l'information d'entreprise, de la caution, du risque politique, du recouvrement de créances et de l'affacturage. Nous aidons nos clients à sécuriser leurs activités pour construire des entreprises plus performantes, en toute confiance

Job Description

Within the Group Underwriting Department: you will join Group Senior Expert team for specialty lines focusing on the following activities:

• Group surety underwriting, with the objectives of maintaining the profitability of this business line, reducing operational risk, improving workflow and reporting tools, and supporting the underwriting activity of new surety entities.

• Arbitration of Coface Re’s Surety Reinsurance activity

Main missions :

• Analyze the risks associated with the bonding facility requested: financial risk linked to the principal debtor/guarantee and associated risks:

o The performance of the contract or underlying obligation, the subject of the suretyship

o The type of bond to be issued (Taxonomy)

o The status of the beneficiary

o The duration of the commitment.

• Determine the maximum risk over a specified period under a bonding facility, under a bonding or a risk participation behind an issuing bank. Determine the collateral/security necessary to grant these risks.

• Coordinate decision-making with the Group Underwriting Department, using and informing internal systems.

• Ensure and apply Group underwriting rules;

• Assist entities with the analysis of their portfolio, the adaptation of their subscription policy and the annual review of their authorizations.

• Ensure compliance with regulations and procedures defined by Coface and the regulator.

Qualifications

PROFILE

  • Economic, Insurance, of Finance background.
  • Master’s in finance or insurance or equivalent,
  • Solid similar experience of at least 7 years and deep experience underwriting and managing these types of risks;
  • Capacity of synthesis and decision-making;
  • Good team spirit and interpersonal skills and dynamism, you are organized and autonomous in your work.
  • The ability to develop, articulate and execute the strategy for surety line;
  • A capacity for dialogue with the entities concerned, and the ability to play a role in leading regional and local teams
  • Good command of French and English, Spanish being a plus.                                                                           

Additional Information

 

 

 

Required profile

Experience

Level of experience: Senior (5-10 years)
Industry :
Insurance
Spoken language(s):
French
Check out the description to know which languages are mandatory.

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