Position: Underwriting Assistant Surety  

Location: Madrid 

Report to: Head of Surety Iberia 

Tokio Marine HCC   

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Europe, Ireland, and other exciting locations. With the strength and stability that comes from being a member of the Tokio Marine group, and more than fifty years of growth, profitability, and stability, we offer important insurance products that most people don’t even know exist. Our products allow our customers to take on opportunity with confidence. 

Just as we invest in our company, we invest in our employees’ careers. We provide our employees a collaborative and rewarding environment within which to gain the knowledge, skills, and experience that lead to a rewarding career. In turn, our competitive salaries, attractive benefits, and potential for career growth allow you to take on opportunity with confidence.” 

Tokio Marine HCC is a market leader in the provision of both Contract and Commercial Surety Bonds in Europe with a dedicated team of 40 underwriters and 26 bond admin officers. From our offices in the UK, Ireland, Denmark, France, Germany, Netherlands, Italy and Spain, we provide a high-quality service to our clients and brokers in our chosen markets across Europe and beyond. Our customers operate in all industry sectors and range in size from large public quoted companies to regional businesses. 

About the role: 

As an UW Assistant you will directly report to the Head of Surety Iberia based in Madrid and you will perform administrative and underwriting tasks specific for the Surety UW team in Spain and Portugal.  

Key Responsibilities:   

Assisting in managing the surety portfolio in Iberia (issuance, endorsements, renewals, adjustments, cancellations of surety bonds) 

Perform credit risk analysis & underwriting assessment of customers and prospects 

Processing of requests from customers, brokers, underwriters and other departments 

Deal with communication and correspondence of external parties (customers, fronting partners, insurance providers, brokers) 

Maintaining the Surety database and IT system up-to-date 

Filing documentation 

Apply and follow the internal processes and controls in place 

Work closely with TM HCC underwriting & admin teams based in different locations in Europe and cooperate with other TM HCC internal departments 

Skills And Competencies Required:   

Bachelor´s Degree in Business Administration, specialised in finance 

Possess good analytical, numerical and organizational skills 

Strong attention to detail, adherence to deadlines and willingness to deliver 

Intellectual curiosity 

Resourceful hard worker, confidence in working autonomously and with proactivity  

Team player  

Effective communication and interpersonal skills, both verbal and written 

Word, Excel and PowerPoint (Expert level) 

Fluent proficiency in English and Spanish 

Skills And Competencies Preferred:   

Experience in credit/ financial analysis of companies 

Master Degree in Finance 

Fluent/professional proficiency in Portuguese 

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