Underwriter / Junior Underwriter Credit & Surety

Client of Mindfree Consulting

Key Responsibilities

• Assist 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.

Portfolio Monitoring & Administration

• 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.

Team Support & Learning

• 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.