About the Company

SAEL Group has emerged with a bold vision of establishing world-class renewable assets spanning the solar and waste to energy sectors, with a steadfast commitment to ensuring stable profitability. We are utilizing agricultural waste as fuel to produce renewable power round the clock. We have the largest capacity of waste-to-energy generation. Already making strides in the renewable energy space, we aim to escalate our renewable capacity to 5 GW within the next 4-5 years by adding 100MW of new waste to energy and 600MW of recent solar capacity annually. This ambitious endeavor aligns with the Government of India's vision to achieve 500 GW capacity from renewable energy sources by 2030. The SAEL Group is set to embark on a journey that combines organic and inorganic strategies, leveraging marquee investors and partners to realize our vision. At the forefront of this effort is SAEL Industries, the pivotal entity responsible for raising growth capital across various business segments. In addition to its overarching role, SAEL Industries is actively involved in Engineering, Procurement, and Construction (EPC) for the Group's upcoming renewable projects. Furthermore, it takes charge of the Operation and Maintenance (O&M;) activities for both existing commissioned projects and those on the horizon. Through a comprehensive approach, SAEL Group is poised to make significant contributions to the Government's renewable energy targets, exemplifying our commitment to sustainable and impactful growth.

You can know more about us from our website: https://www.sael.co/

Department: Insurance & Risk Management

Reports To: Head – Insurance & Risk Management





Job Purpose To manage the end-to-end procurement, issuance, administration, and renewal of Surety Bonds (Performance Bonds, Bid Bonds, Advance Payment Bonds, Retention Bonds, etc.) while coordinating with insurers, brokers, project teams, finance , and other internal departments to ensure timely compliance.

Key Responsibilities

1. Surety Bond Management

- Manage the complete lifecycle of Surety Bonds from requirement identification to issuance and closure.
- Arrange Performance Bonds, Bid Bonds, Advance Payment Bonds, Retention Money Bonds, and other contract-specific guarantees.
- Review tender documents and contract conditions to determine bonding requirements.
- Ensure timely issuance of bonds to avoid delays in project execution.

2. Coordination with Insurers & Brokers

- Coordinate with insurance companies, surety providers, and insurance brokers for quotations and placement.
- Negotiate competitive pricing, terms, and capacity with underwriters.
- Maintain relationships with existing and prospective surety markets.

3. Documentation & Compliance

- Prepare and submit financial and project information required by underwriters.
- Review bond wordings and ensure compliance with tender requirements.




- Maintain compliance with internal delegation of authority and approval processes.

4. Stakeholder Management

- Liaise with Project, Business Development, Commercial, Finance, Treasury and Procurement teams.
- Support bid teams in arranging Bid Bonds within specified timelines.
- Provide guidance on surety bond requirements during contract negotiations.

5. Monitoring & MIS

- Maintain a centralized Surety Bond register.
- Track bond validity, renewals, releases, and cancellations.
- Prepare monthly MIS on bond exposure, insurer-wise limits, utilization, premiums, and upcoming expiries.

6. Cost Optimization

- Develop strategies to reduce surety bond costs.
- Evaluate alternative surety markets and insurers.
- Support annual budgeting for surety bond premiums and related costs.

7. Audit & Reporting

- Provide documentation for internal and external audits.
- Maintain complete records of bond approvals, correspondence, and insurer documentation.

Qualifications

- Bachelor's degree in Finance, Commerce, Business Administration, Engineering, or a related discipline.
- MBA (Finance)/CMA degree is desirable.

Experience

- 5–10 years of experience in Corporate Insurance and exposure of Surety Bonds.
- Experience in infrastructure, renewable energy, EPC, power, manufacturing, or construction sectors is preferred.

Key Skills

- Strong knowledge of Surety Bonds in Indian market.
- Understanding of project contracts and commercial terms.
- Insurance market knowledge.
- Negotiation and stakeholder management.
- Financial statement analysis.
- Risk assessment.
- Proficiency in Microsoft Excel & PowerPoint.

📌 Senior Manager - Surety Bonds (Delhi)
🏢 SAEL
📍 Delhi