Surety Underwriter

Surety Underwriter

Full-Time 63000 - 77000 £ / year (est.) Home office (partial)
Everest Re Group,

At a Glance

  • Tasks: Assist in managing and expanding a profitable Surety account while ensuring compliance.
  • Company: Join Everest Advisors, a global leader in risk management with a rich heritage.
  • Benefits: Enjoy a competitive salary, inclusive culture, and opportunities for professional growth.
  • Other info: Hybrid work model with a focus on inclusion and community impact.
  • Why this job: Make a real impact in risk management and build valuable relationships in the industry.
  • Qualifications: Experience in underwriting or credit roles with strong negotiation and relationship-building skills.

The predicted salary is between 63000 - 77000 £ per year.

Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

Core Responsibilities:

  • To assist the Surety team in maintaining and expanding a profitable Surety account in accordance with Line of Business (LOB) business plans.
  • To maintain a focus on bottom line underwriting profit for the company.
  • To monitor and keep abreast of changes in underwriting, regulation and compliance.
  • To underwrite in compliance with Everest prescribed underwriting standards and authorities.
  • To refer as appropriate risks exceeding prescribed underwriting authority.
  • To represent Everest at meetings in the office and during visits to brokers and customers as required.
  • To assist in developing and maintaining existing client and broker relationships and developing new relationships where this is consistent with Everest Surety management objectives.
  • To liaise with the Claims Manager and Head of International Surety on any claims related issues and to participate in account and management reviews.
  • To contribute to the regular analysis and review of underwriting practices and procedures.
  • To participate in the underwriting peer review process at the weekly underwriting meetings.
  • To assist in the improvement of Everest Surety’s management information systems, rating models, underwriting manuals, service standards, marketing materials, website and risk management and claims functions.
  • To enhance the profile of Everest Insurance among Surety brokers and customers primarily in the European market.

Skills & Competencies:

  • Previous experience within an Underwriting / Credit role as well as good technical knowledge of Surety and/or banking business.
  • Judgement / decision making skills – ability to use logic rationality and objectivity in decision making.
  • Risk taking – ability to take calculated risks with favourable outcomes.
  • Excellent negotiation skills.
  • Compliance – ability to ensure compliance with all internal and external management and regulatory controls.
  • Solid market and product knowledge – maintain and develop market knowledge including competitor profiles and products.
  • Relationship building – ability to establish and maintain excellent relationships both internally and externally.

At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

Our Culture:

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviours.

Our Values: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.

Our Colleague Behaviors: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together. All colleagues are held accountable to upholding and supporting our values and behaviours across the company.

Surety Underwriter employer: Everest Re Group,

Everest Advisors is an exceptional employer, offering a dynamic and inclusive work environment that prioritises employee development and community impact. With a strong commitment to innovation and collaboration, employees have the opportunity to engage in strategic projects that drive growth and create sustainable value. Located in London, a global financial hub, team members benefit from a vibrant culture and access to diverse professional networks, making it an ideal place for meaningful and rewarding careers.

Everest Re Group,

Contact Details:

Everest Re Group, Recruitment Team

We think you need these skills to ace Surety Underwriter

Underwriting Knowledge
Technical Knowledge of Surety
Judgement and Decision-Making Skills
Risk Assessment
Negotiation Skills
Compliance Knowledge
Market Knowledge