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About the Role

As a Senior Surety Underwriter, you will be a key member of the Surety Underwriting team, helping to grow the portfolio by delivering exceptional service and underwriting expertise to brokers and customers. You will take on significant responsibility for underwriting complex contract and commercial Surety risks, ensuring every decision aligns with strategies, guidelines, authorities, and pricing frameworks. Your expertise will directly impact the achievement of the Surety business’s strategic and operational objectives.

Responsibilities

Perform facility and bond underwriting within individual underwriting authority and provide recommendations for approval by credit committee for facilities and bonds outside of individual underwriting authority.
Participate on credit committees with authority to approve larger facilities and bonds underwritten by Zurich’s UK Surety team.
Negotiate bond wordings, indemnities, and other recourse documents for new and existing facilities, including negotiations with external solicitors and clients.
Act as a referral point for other team members for bond inquiries, indemnity, and recourse documentation.
Develop a pipeline of facility and bond inquiries through client, internal Zurich relationships, cross-selling, and broker relationships.
Identify and develop new surety products and target segments.
Implement new operational improvements.

Requirements

Proven experience in underwriting UK Contract and Commercial Surety business.
Strong financial analysis skills, with the ability to review and interpret financial statements to assess the creditworthiness of Surety clients.
Solid understanding of indemnity structures and their practical application.
Collaborative approach and a strong team player.
In-depth knowledge of Surety bond wordings and associated documentation.
Ideally, a well-established network of contacts within the UK Surety market.

Location

London

Work Type

Part-time
Job-share
Full-time
Hybrid working

Experience Level

Senior

Salary/Compensations

Competitive salary plus an excellent benefits package!

Benefits

12% defined non-contributory pension scheme
Annual company bonus
Private medical insurance
Option to buy up to an additional 20 days holiday
Option to sell holiday

About the Company

At Zurich, we aspire to be one of the most responsible and impactful businesses in the world, creating a brighter future for our customers, our people, and our planet.
With over 65,000 employees, you’ll feel the support of being part of a strong and stable company that is a long-standing player in the insurance industry.
We focus on sustainable impact, care about each other’s wellbeing, use our diverse expertise to be curious and optimistic, and develop the skills needed for our future.
Zurich offers a dynamic and challenging environment where creativity, ideas, and contributions are recognized and rewarded.
Our strength comes from the diverse experiences, perspectives, and talents of our people, aiming to create a workplace where every employee can flourish and feel valued, heard, and respected.
Over a quarter of our employees are members of at least one of our inclusion communities (Employee Resource Groups).
We have received numerous industry awards recognizing our diversity and inclusion policies and initiatives.
We have created an environment that places real importance on our people’s wellbeing from a physical, mental, social, and financial perspective.
We actively support our employees to give back to their communities through volunteering and charitable activity.
Our charitable arm, Zurich Community Trust, is one of the longest-established corporate trusts in the UK, supporting causes across the UK through grants and volunteering, contributing over £100 million in funding and volunteered time.

Equal Opportunity

We’re committed to treating all applicants fairly and with respect, irrespective of their actual or assumed background, sexual orientation, disability or any other protected characteristic.
As an inclusive employer, we also want to ensure that all candidates feel comfortable and are able to perform at their best during the interview.
You’ll have the opportunity to let us know of any reasonable adjustment or practical support needed when you apply.