Credit surety Bond Underwriter

0 years

0 Lacs

noida uttar pradesh india

Posted:4 days ago| Platform: Foundit logo

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Skills Required

risk assessment financial guarantee bonds collateral requirements indemnity agreements performance bonds underwriting reports advance payment bonds irdai regulations bid bonds surety bond proposals

Work Mode

On-site

Job Type

Full Time

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.

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Beacon Insurance Brokers Pvt. Ltd.

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