Surety Underwriter

Surety Underwriter

London Full-Time 45000 - 63000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage a portfolio, underwrite risks, and collaborate with brokers and customers.
  • Company: Join Aviva, a leading UK Insurance, Wealth, and Retirement business.
  • Benefits: Enjoy competitive salary, bonus opportunities, generous pension, and 29 days holiday.
  • Why this job: Excel in your career while making a positive impact in a supportive team culture.
  • Qualifications: Experience in underwriting Surety risks and understanding of UK regulations required.
  • Other info: Flexible working options available; we welcome applications from all backgrounds.

The predicted salary is between 45000 - 63000 £ per year.

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Direct message the job poster from Aviva

We have a fantastic opportunity for a Surety Underwriter to join our supportive and productive team. You will be responsible for managing a portfolio of business, underwriting risks whilst identifying market trends and customer needs.

This is a great job for someone who is keen to excel within their career by working for the UKs leading Insurance, Wealth and Retirement business!

A bit about the job:

As a Surety Underwriter, you will be responsible for managing and growing a profitable portfolio of business, underwriting risks in line with regulatory requirements, internal controls, and relevant legislation. You’ll work closely with brokers and customers to manage policies end-to-end, conduct audits and process reviews, and support the implementation of changes to team policies and procedures. Collaboration is key, and you’ll liaise with other teams to resolve underwriting issues and ensure smooth operations.

In this role, you’ll stay informed on industry trends and regulatory developments You’ll also contribute to various projects and initiatives, helping to drive continuous improvement. A strong focus on customer outcomes is essential.

Skills and experience we’re looking for:

  • Underwriting Expertise: Experience in underwriting Surety risks, including both new business and renewals, with a focus on the UK market
  • Regulatory Knowledge: Understanding of UK industry regulations, controls, contracts, and relevant legislation affecting Surety underwriting
  • Portfolio Management: Ability to manage a profitable portfolio of Surety business, including end-to-end policy management
  • Collaboration and Teamwork: Experience working with various teams to support the Surety offering and assist in day-to-day underwriting tasks
  • Customer Focus: Commitment to delivering good customer outcomes, ensuring actions are in good faith, and supporting customers\’ objectives

What you’ll get for this role:

Our purpose – with you today, for a better tomorrow – is a promise we make to our colleagues too. And one of the ways we live up to that promise is by investing in you. We have so much to offer when it comes to being an Aviva colleague.

  • Competitive salary (depending on location, skills, experience, and qualifications)
  • Bonus opportunity – 8% of annual salary Actual amount depends on your performance and Aviva’s.
  • Generous pension scheme – Aviva will contribute up to 14%, depending on what you put in.
  • 29 days holiday plus bank holidays, and you can choose to buy or sell up to 5 days
  • Make your money go further – Up to 40% discount on Aviva products, and other retailer discounts
  • Up to £1,200 of free Aviva shares per year through our Matching Share Plan and share in the success of Aviva with our Save As You Earn scheme
  • Brilliantly supportive policies including parental and carer’s leave
  • Flexible benefits to suit you, including sustainability options such as cycle to work
  • Make a difference, be part of our Aviva Communities and use your 3 paid volunteering days to help others
  • We take your wellbeing seriously with lots of support and tools

Take a look to learn more. Put a salary into this calculator to see what your total Aviva Reward could be.

Aviva is for everyone:

We’re inclusive and welcome everyone – we want applications from all backgrounds and experiences. Excited but not sure you tick every box? Even if you don’t, we would still encourage you to apply. We also consider all forms of flexible working, including part time and job shares.

We flex locations, hours and working patterns to suit our customers, business, and you. Most of our people are smart working – spending around 50% of their time in our offices every week – combining the benefits of flexibility, with time together with colleagues.

To find out more about working at Aviva take a look here

We interview every disabled applicant who meets the minimum criteria for the job. Once you’ve applied, please send us an email stating that you have a disclosed disability, and we’ll interview you.

We’d love it if you could submit your application online. If you require an alternative method of applying, please give Tawana Chin a call on 07789 624461 or send an email to tawana.chin@aviva.com.

Seniority level

  • Seniority level

    Associate

Employment type

  • Employment type

    Full-time

Job function

  • Job function

    Other

  • Industries

    Insurance and Financial Services

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Surety Underwriter employer: Aviva plc

Aviva is an exceptional employer, offering a supportive and inclusive work culture that prioritises employee wellbeing and growth. As a Surety Underwriter, you will benefit from competitive salaries, generous pension contributions, and flexible working arrangements, all while being part of a leading UK insurance firm committed to delivering excellent customer outcomes. With opportunities for professional development and community engagement through paid volunteering days, Aviva truly invests in its employees' futures.
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Contact Detail:

Aviva plc Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Surety Underwriter

✨Tip Number 1

Familiarise yourself with the latest trends in the Surety market. Understanding current market dynamics and regulatory changes will not only help you in interviews but also demonstrate your commitment to staying informed and proactive in your role.

✨Tip Number 2

Network with professionals in the insurance industry, particularly those involved in Surety underwriting. Attend relevant events or join online forums to connect with others, as personal referrals can significantly boost your chances of landing an interview.

✨Tip Number 3

Prepare to discuss specific examples of how you've successfully managed a portfolio or resolved underwriting issues in the past. Being able to articulate your experience with real-life scenarios will set you apart from other candidates.

✨Tip Number 4

Showcase your customer focus by preparing to discuss how you've previously ensured positive outcomes for clients. Highlighting your dedication to customer satisfaction will resonate well with Aviva's values and mission.

We think you need these skills to ace Surety Underwriter

Underwriting Expertise in Surety Risks
Regulatory Knowledge of UK Insurance Legislation
Portfolio Management Skills
Collaboration and Teamwork
Customer Focus and Relationship Management
Analytical Skills for Risk Assessment
Attention to Detail in Policy Management
Communication Skills for Liaising with Brokers and Customers
Problem-Solving Skills for Underwriting Issues
Project Management for Continuous Improvement Initiatives

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities of a Surety Underwriter. Familiarise yourself with underwriting risks, portfolio management, and the importance of collaboration within teams.

Tailor Your CV: Highlight your relevant experience in underwriting, particularly in Surety risks. Emphasise your understanding of UK regulations and your ability to manage a profitable portfolio. Use specific examples to demonstrate your skills.

Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the insurance industry. Mention how your background aligns with Aviva's values and how you can contribute to their goals, especially regarding customer outcomes.

Showcase Your Teamwork Skills: Since collaboration is key in this role, provide examples of past experiences where you successfully worked with others to achieve common goals. This will demonstrate your ability to fit into Aviva's team-oriented culture.

How to prepare for a job interview at Aviva plc

✨Show Your Underwriting Expertise

Be prepared to discuss your experience in underwriting Surety risks, including specific examples of new business and renewals. Highlight your understanding of the UK market and how you've successfully managed similar portfolios.

✨Demonstrate Regulatory Knowledge

Familiarise yourself with UK industry regulations and legislation affecting Surety underwriting. Be ready to explain how you ensure compliance in your previous roles and how you stay updated on regulatory changes.

✨Emphasise Collaboration Skills

Since collaboration is key in this role, prepare to share examples of how you've worked effectively with brokers, customers, and other teams. Discuss any challenges you faced and how you resolved them through teamwork.

✨Focus on Customer Outcomes

Illustrate your commitment to delivering good customer outcomes by sharing specific instances where you went above and beyond for clients. This will show your dedication to supporting customer objectives and building strong relationships.

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