Credit surety Bond Underwriter

Actively Reviewing

Beacon Insurance Brokers Pvt. Ltd.

Coimbatore Full-Time 1–2 yrs exp Posted 3 months ago

Job Description

valuate and underwrite Surety Bond proposals including Performance Bonds, Financial Guarantee Bonds, Advance Payment Bonds, Bid Bonds, and other related surety products.
Conduct thorough risk assessment by analysing financial statements, creditworthiness, balance sheets, cash flows, bank statements, and industry risk factors.
Coordinate with clients, insurance companies, and internal teams to gather necessary information for underwriting.
Ensure all underwriting activities comply with IRDAI regulations, company policies, and industry standards.
Prepare underwriting reports, risk notes, and justification for approvals.
Review and validate required documentation, indemnity agreements, and collateral requirements.
Manage renewal cases, monitor ongoing risks, and ensure timely issuance and servicing of bonds.
Maintain strong relationships with insurers and clients to support smoother processing and negotiation of terms.
Assist in developing new bond products, pricing strategies, and underwriting guidelines when required.
Work closely with sales/business development teams for technical support and risk evaluation.