Underwriter / Junior Underwriter Credit & Surety

About the job Underwriter / Junior Underwriter Credit & SuretyJob Title: Underwriter / Junior Underwriter Credit & SuretyEducation: Bachelors Degree in Accounting or FinanceExperience: 2-8 years of experience in corporate credit analysis, preferably within a bank or lending institutionThe Junior Underwriter will support the underwriting and portfolio management of the Surety Bonds (80%) and Trade Credit (20%) lines of business. The role includes financial analysis, credit risk assessment, and evaluation of counterparties, with a strong focus on the construction industry. The ideal candidate will demonstrate strong analytical skills, sound commercial judgment, and a proactive approach to underwriting and client servicing.Key ResponsibilitiesUnderwriting & Risk AssessmentAssist in underwriting new and renewal business for surety and trade credit products in line with company guidelines and risk appetite.Conduct detailed financial statement analysis of contractors, corporates, and project owners to evaluate creditworthiness.Assess risk exposures related to performance bonds, advance payment bonds, bid bonds, and other surety instruments.Support trade credit underwriting by evaluating buyer limits, payment behavior, and credit information.Prepare underwriting submissions and recommendations for approval by senior underwriters and management.Review contract terms, project information, and bond wordings to identify and mitigate potential risks.Monitor existing surety and trade credit portfolios, including limit utilization, financial updates, and overdue exposures.Maintain accurate underwriting files and ensure compliance with internal policies, regulatory requirements, and audit standards.Assist in preparing reports on portfolio performance, loss ratios, and market trends.Collaborate with senior underwriters to learn underwriting practices, pricing models, and risk assessment methodologies.Participate in internal training and professional development programs related to underwriting, credit risk, and insurance law.#J-18808-Ljbffr