Descripción de la oferta
Location
Madrid, M, ES
About the Role
As an Underwriter Surety based in Madrid, you will be an integral part of our growing European surety team, connecting analytical insight with hands‑on client management. You will work closely with corporates and brokers across Spain, Portugal and internationally, balancing risk underwriting with client‑facing responsibilities. This role offers a fantastic platform to develop your surety career within one of the world’s leading surety groups.
Key Responsibilities
Conduct risk assessments for new and existing clients, ensuring alignment with Swiss Re’s risk appetite while maintaining highest standards of client satisfaction
Develop and manage your own client portfolio and transactions, identifying and driving new business opportunities across Iberia and broader Europe
Analyse and evaluate credit and transactional risks in close collaboration with internal stakeholders, applying rigorous financial and legal due diligence
Approve transactions within your own authority levels and prepare structured submissions for relevant committees
Build and maintain strong client and broker relationships through regular, proactive engagement and direct interactions
Support Senior Underwriters with the execution and monitoring of complex bespoke transactions and management of key accounts
Conduct market analysis to identify changes in the underwriting, market and legal landscape, assessing their risk implications and adapting strategies accordingly
Collaborate with and support colleagues across the wider European Surety team, contributing to a culture of shared knowledge and continuous improvement
About the Team
Backed by more than 150 years of experience, significant capacity and the financial strength of the Swiss Re Group, Swiss Re Corporate Solutions solves the risk management and financing needs of corporations around the globe. We pursue the goal of results‑oriented underwriting. The positive relationship with our customers and brokers across Europe, combined with our strong brand, is the foundation of our success.
About You
You thrive in an international, team‑oriented environment and enjoy combining analytical thinking with client engagement. You are a proactive communicator who builds trust with clients and business partners naturally, and you bring a solutions‑focused mindset to every challenge. You are comfortable working both independently and collaboratively, and you are eager to contribute to the continued growth of a market‑leading surety business.
Requirements
Minimum 3 years of relevant professional experience, preferably within a bank, surety insurer or financial institution with exposure to credit and guarantee products
Strong understanding of credit risks, particularly in relation to surety/guarantee structures
Proven analytical and decision‑making skills, with the ability to assess complex credit and transactional risks and translate findings into clear, structured recommendations
Confident communication and interpersonal skills, with experience engaging with clients, brokers and internal stakeholders
Spanish native speaker with proficiency in English (written and verbal) is essential
Nice to Haves
Experience working with multinational corporations or in a cross‑border European surety/credit context
Familiarity with legal due diligence processes related to surety or guarantee transactions
Entrepreneurial mindset with a strong focus on identifying and originating new business opportunities
Experience using data and market intelligence tools to monitor portfolio performance and market trends
A university degree or equivalent qualification in finance, economics, law or a related discipline
The role may require some travel
Compensation
For Spain, the base salary range for this position is between EUR 47,000 and EUR 78,000 (full‑time). The specific salary offered considers:
the requirements, scope, complexity and responsibilities of the role
the applicant’s own profile including education/qualifications, expertise, specialisation, skills and experience
In situations where you do not meet all the requirements or you significantly exceed these, the offered salary may be below or above the advertised range. In addition to your base salary, you may be eligible for additional rewards and benefits including an attractive performance‑based annual bonus.
Benefits
The role may involve travel. Additional benefits include an attractive performance‑based annual bonus and other rewards. Detailed benefits information will be provided during the interview process.
About Swiss Re Corporate Solutions
Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry‑leading claims service provides them with additional peace of mind.
Additional Information
We may use AI‑powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.
Reference Code: 138700
Equal Opportunity
Swiss Re Corporate Solutions embraces an inclusive and flexible environment where everyone can bring their authentic selves to work and pursue their passion for sustainability. We welcome applications from individuals of all backgrounds, including those returning to the workforce after a career break. All hiring decisions are made in accordance with applicable equal‑employment opportunity laws.
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