At a Glance
- Tasks: Conduct risk assessments and manage client portfolios while engaging with corporates and brokers.
- Company: Join Swiss Re, a leading global group in the surety industry.
- Benefits: Competitive salary, performance bonuses, and global benefits tailored to your needs.
- Other info: Hybrid work model with opportunities for growth and collaboration across Europe.
- Why this job: Develop your career in a dynamic environment with real impact on client relationships.
- Qualifications: 3+ years in finance or insurance, strong analytical skills, and client engagement experience.
The predicted salary is between 63000 - 95000 £ per year.
Location: London, GB
About the Role
As an Underwriter Surety based in London, you will be an integral part of our growing Surety Europe team, connecting analytical insight with hands‑on client management. You will work closely with corporates and brokers across the UK, Ireland and internationally, balancing risk underwriting with client‑facing responsibilities. This role offers a platform to develop your surety career within one of the world's leading groups.
Key Responsibilities
- Conduct comprehensive risk assessments for new and existing clients, ensuring alignment with Swiss Re's risk appetite while maintaining the highest standards of client satisfaction.
- Manage your own client portfolio and transactions, identifying and developing new business opportunities across the UK, Ireland and broader Europe.
- Analyse and evaluate credit and transactional risks in collaboration with internal stakeholders, applying rigorous financial and legal due diligence.
- Approve transactions within your own authority levels and prepare structured submissions for relevant committees.
- Build and nurture strong client and broker relationships through regular, proactive engagement and meaningful face‑to‑face interactions.
- Conduct market analysis to identify changes in the underwriting, market and legal landscape, assessing their risk implications and adapting strategies accordingly.
- Collaborate with and support colleagues across the wider European Surety team, contributing to a culture of shared knowledge and continuous improvement.
About You
You thrive in an international, team‑oriented environment and enjoy combining analytical thinking with client engagement. You are a proactive communicator who builds trust with clients and business partners naturally, and you bring a solutions‑focused mindset to every challenge. You are comfortable working both independently and collaboratively, and you are eager to contribute to the continued growth of a market‑leading surety business.
Requirements
- Minimum 3 years of relevant professional experience, preferably within a bank, surety insurer or financial institution with exposure to credit and guarantee products.
- Strong understanding of credit risks and financial markets, particularly in relation to debt financing, capital market instruments and surety/guarantee structures.
- Proven analytical and decision‑making skills, with the ability to assess complex credit and transactional risks and translate findings into clear, structured recommendations.
- Confident communication and interpersonal skills, with demonstrated experience engaging with clients, brokers and internal stakeholders at a professional level.
- Proficiency in English (written and verbal) is essential; additional European language skills are a strong advantage.
Nice to Haves
- Experience working with multinational corporations or in a cross‑border European surety/credit context.
- Familiarity with legal due diligence processes related to surety or guarantee transactions.
- Entrepreneurial mindset with a strong focus on identifying and originating new business opportunities.
- Experience using data and market intelligence tools to monitor portfolio performance and market trends.
- A university degree or equivalent qualification in finance, economics, law or a related discipline.
Work Arrangement
We have a hybrid work model and expect you to be in the office at least three days per week.
Compensation and Benefits
For London, the annual base salary range for this position is between GBP 63,000 and GBP 95,000 for a full‑time role. The specific salary offered considers the requirements, scope, complexity and responsibilities of the role, as well as the applicant's profile, including education, expertise, specialisation, skills and experience. In addition to your base salary, Swiss Re offers an attractive performance‑based variable compensation component designed to recognise your achievements. You will also enjoy a variety of global and location‑specific benefits, eligibility of which may vary depending on the terms of Swiss Re policies and your employment contract.
Equal Opportunity Statement
Swiss Re Corporate Solutions embraces an inclusive and flexible environment where everyone can bring their authentic selves to work. We provide equal opportunities regardless of age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics.
Underwriter Surety (Hybrid work) employer: NACBA
Swiss Re is an exceptional employer, offering a dynamic work environment in London that fosters professional growth and collaboration within the Surety Europe team. With a strong emphasis on analytical insight and client engagement, employees benefit from a hybrid work model, competitive compensation, and a culture that values inclusivity and continuous improvement, making it an ideal place for those looking to advance their careers in the surety sector.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter Surety (Hybrid work)
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
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Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like NACBA. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Underwriter Surety (Hybrid work)
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at NACBA.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at NACBA. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at NACBA
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at NACBA to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at NACBA, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding NACBA's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
