Vacancy title:
Surety and Trade Credit Underwriter

[Type: FULL_TIME, Industry: Insurance, Category: Accounting & Finance]

Jobs at:
Klapton Reinsurance Limited

Deadline of this Job:
Tuesday, August 12 2025

Duty Station:
Zambia | Lusaka | Zambia

Summary
Date Posted: Thursday, August 7 2025, Base Salary: Not Disclosed

Similar Jobs in Zambia
Learn more about Klapton Reinsurance Limited
Klapton Reinsurance Limited jobs in Zambia

JOB DETAILS:

To expertly underwrite, analyze, price, and structure surety facultative and treaty reinsurance business across Africa and Asia, applying advanced financial analysis and risk assessment capabilities to build a profitable and diversified surety portfolio while maintaining strong broker and cedant relationships.

KEY RESPONSIBILITIES & ACCOUNTABILITIES

Underwriting Excellence & Risk Assessment

Core Underwriting Functions:

• Comprehensive Risk Analysis: Evaluate complex surety reinsurance submissions, including contract bonds, commercial bonds, and specialty surety products
• Financial Underwriting: Conduct in-depth financial analysis of principals, examining the “Three Cs” of surety underwriting:
  – Character: Assess management integrity, business reputation, and past performance
  – Capacity: Evaluate technical expertise, organizational capability, and operational track record
  – Capital: Analyze financial strength, working capital, net worth, and liquidity ratios

Pricing, Terms & Portfolio Management

Strategic Pricing:

• Premium Calculation: Develop competitive yet profitable pricing using actuarial models, historical loss data, and market intelligence
• Terms & Conditions: Structure appropriate reinsurance terms including limits, retentions, exclusions, and special conditions
• Portfolio Optimization: Monitor portfolio performance, geographic distribution, and industry concentration to maintain balanced exposure

Business Development & Relationship Management

Market Development:

• Broker Relations: Cultivate and maintain strategic relationships with reinsurance brokers and intermediaries across target markets
• Cedant Partnerships: Build strong relationships with ceding companies, providing technical expertise and market intelligence
• Revenue Growth: Achieve annual premium targets, while maintaining target loss ratios and expense ratios
• Market Intelligence: Stay current with construction industry trends, economic conditions, and regulatory changes affecting surety markets

Operational Excellence & Compliance

Process Management:

• Documentation Standards: Ensure all underwriting decisions are properly documented with clear rationale and supporting analysis
• Regulatory Compliance: Ensure all activities comply with local insurance regulations and international reinsurance standards

Technical Leadership & Knowledge Sharing

Professional Development:

• Mentorship: Guide and train junior underwriting staff and apprentices in surety underwriting principles and practices
• Process Improvement: Continuously update underwriting manuals, guidelines, and standard operating procedures
• Market Research: Conduct an analysis of emerging trends in construction, infrastructure development, and surety markets
• Training Delivery: Provide technical training to internal teams and external stakeholders on surety products and market conditions

Reporting & Communication

Management Reporting:

• Performance Analytics: Prepare comprehensive quarterly and annual reports on portfolio performance, market trends, and profitability analysis
• Risk Reporting: Provide regular updates on large exposures, concentration risks, and emerging market developments
• Business Intelligence: Contribute to strategic planning and market expansion initiatives through data-driven insights

QUALIFICATIONS & REQUIREMENTS

Academic Qualifications

• Bachelor’s Degree in Finance, Accounting, Business Administration, Engineering, or related field from a recognized university
• Professional Certifications:
  – Associate in Fidelity and Surety Bonding (AFSB) – required within 24 months
  – DCII (Diploma Chartered Insurance Institute) or equivalent – preferred
  – Additional surety-specific certifications will be advantageous

Professional Experience

Required Experience:

• Minimum 5+ years in surety underwriting or surety reinsurance
• Proven track record in underwriting contract surety, commercial surety, or specialty surety products
• Demonstrated experience in financial analysis, credit assessment, and risk evaluation

Core Technical Competencies

Financial & Analytical Skills:

• Advanced financial statement analysis and credit assessment capabilities
• Strong understanding of construction industry financials, working capital management, and project finance
• Proficiency in ratio analysis, cash flow modeling, and debt capacity evaluation
• Experience with financial modeling and pricing tools

Communication & Leadership:

• Exceptional written and verbal communication skills in English
• Strong presentation and negotiation capabilities
• Cross-cultural sensitivity for working across diverse African and Asian markets
• Proven ability to build and maintain professional relationships

Work Hours: 8

Experience in Months: 60

Level of Education: bachelor degree

Job application procedure
Interested in applying for this job? Click here to submit your application now.

All Jobs | QUICK ALERT SUBSCRIPTION