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92,000+ live jobsHead of Surety Underwriting Spain
On-site in Madrid·Added 2 days ago (last checked 28 Oct)
Our summary
- Work mode
- On-site, Madrid
- Spanish
- Fluent
- English
- Required
- Experience
- 10+ years
- Education
- University degree
Visa options
The ad doesn’t mention sponsorship
Not a refusal, but not a yes. Worth asking in your first message.
Skills
Nice to have
Requirements
Languages
; additional European languages (e.g. German or Italian) are a plus.Willingness to travel and experience working in international and cross-cultural environments.Strong leadership capabilities with the ability to build and develop teams.
The role
Head of Surety Underwriting Spain
Munich Re Specialty was formed as a stand-alone division in 2023 and brings together the wider Munich Re Group's primary specialty business units. Complementing an already strong presence in the UK and the US, Munich Re Specialty - Global Markets (MRSGM) has been tasked with executing a broader strategy to expand its global footprint across key European markets.
As part of this expansion, we are seeking a Head of Surety Underwriting Spain to establish and grow our surety business in the Italian market.
This is a unique opportunity to play a key role in establishing and growing Munich Re's surety presence in Spain. As Head of Surety Underwriting, you will shape the local strategy, build and develop the underwriting team, and represent Munich Re in the market as we develop a strong and sustainable portfolio.
Working closely with senior stakeholders across Munich Re Specialty, you will combine entrepreneurial thinking with disciplined underwriting to develop a sustainable and profitable portfolio while positioning Munich Re as a trusted partner in the Italian surety market.
This role will suit a market-facing leader who enjoys building businesses, developing teams, and representing a global brand in a growing specialty segment.
Business Development & Strategic Leadership
Lead the ramp-up of Munich Re's surety operations in Spain.Develop and execute the regional strategy aligned with Munich Re Specialty's broader global objectives.Identify and pursue new business opportunities while establishing Munich Re as a key player in the Spanish surety market.Build, mentor, and lead a high-performing underwriting team.Represent Munich Re in the market, strengthening relationships with brokers, clients, and industry stakeholders.
Underwriting & Portfolio Management
Underwrite complex surety risks including credit assessments, deal structuring, and risk analysis in line with Munich Re's underwriting guidelines.Lead and support restructuring and claims situations in collaboration with internal and external stakeholders.Monitor portfolio performance ensuring underwriting discipline, data accuracy, and profitability.Approve transactions within delegated authority or escalate referrals when required.
Strategy & Market Engagement
Collaborate with the Chief of Staff / Head of Surety Strategy to implement the local surety strategy.Identify market trends, opportunities, and emerging risks to support informed underwriting and strategic decisions.Monitor competitor activity and contribute to strengthening Munich Re's market position.
Collaboration & Leadership
Recruit, mentor, and lead a team of underwriters, fostering a culture of excellence and innovation.Work closely with cross-functional teams including claims, legal, compliance, and finance to ensure seamless service delivery.Support internal training initiatives and knowledge sharing across the organization.Contribute to strategic initiatives and special projects as required.
Knowledge and Skills
Minimum
10 years' experience
in surety underwriting, credit insurance, or banking.University graduate or equivalent education.Strong knowledge of surety products, financial analysis, and credit risk assessment.Proven track record in originating, structuring, and underwriting surety transactions.Strong understanding of financial markets, credit risk, and capital instruments.Entrepreneurial mindset with the ability to develop tailored solutions for complex client needs.Excellent communication, negotiation, and stakeholder management skills.Fluency in
English and Spanish
If you are motivated to play a key role in building Munich Re's surety presence in Italy, we would be delighted to hear from you.
About Munich Re
Munich Re is one of the world's largest reinsurers, headquartered in Munich, Germany. The company provides reinsurance, primary insurance, and insurance-related risk solutions to clients in over 100 countries. With a workforce of over 40,000 employees, Munich Re is a global leader in the insurance and reinsurance industry, known for its financial strength and innovative risk management.
In Spain, Munich Re operates through its subsidiary, Munich Re Spain, with offices in Madrid and Barcelona. The company offers a dynamic and international work environment, with opportunities for professional growth and development. For international professionals, Munich Re provides a multicultural workplace, competitive benefits, and the chance to work with a diverse team of experts in the insurance sector.
- Industry
- Insurance and Reinsurance
- Founded
- 1880
- Employees
- 40,000+
- Headquarters
- Munich, Germany
- In Spain
- Madrid, Barcelona
Good to know if you are moving
- Munich Re has a strong global presence, offering international career opportunities and cross-border mobility.
- The company is known for its strong financial stability and long-term employment prospects.
- Spain offices are located in Madrid and Barcelona, both major hubs with excellent connectivity.
- Munich Re supports professional development through training programs and internal mobility.
- The company offers a multicultural work environment with employees from various nationalities.
In their own words
About the company & team
At Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products, and industry leaders working in a supportive environment to achieve this.
At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.
Additional information
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.
Learning and innovating today, striving for sustainable societies and business tomorrow
At Munich Re Specialty - Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues
Learn more about sustainability at Munich Re - choose your impact!
#BePresent #BeBold #BeCurious
Location
Munich Re · Madrid
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€72k - €120k
Blue Card threshold🇬🇧 🇪🇸€38k - €64k
🇬🇧
