Head - Surety Business (Bengaluru)

Head - Surety Business (Bengaluru)

02 Sep
|
Michael Page
|
Bengaluru

02 Sep

Michael Page

Bengaluru

About Our Client

One of the fastest growing insurance companies.

Job Description
- Contractor & Project Risk Assessment: Build and own a practical framework to assess contractor quality - covering financial strength, liquidity, execution capability, banking arrangements, and guarantee exposure. Go beyond consolidated numbers to project-level financials, and identify red flags such as aggressive accounting, hidden leverage, related-party dependencies, and promoter risk.
- Contract & Bond Structure: Review Read and interpret tender documents and underlying contracts to identify what exactly is being guaranteed and what could trigger a claim. Evaluate the purpose, structure, and invocation risk of all bond types - performance, advance payment, maintenance, bid, retention, DSRA, customs, and arbitration bonds - before business is written.
- Portfolio Management & Monitoring: Own the health of the companies surety portfolio - tracked by contractor, group, project, employer, and sector. Build early-warning indicators and act on them. Recommend whether limits should be increased,



maintained, tightened, or withdrawn - well before invocation risk surfaces.
- Underwriting & System Building: Convert practical judgement into structured underwriting rules, pricing principles, and system controls. Build frameworks that are repeatable and scalable - so the business grows without becoming dependent on any one individual. Train and upskill internal teams over time.
- Risk Control Framework - Develop underwriting frameworks for performance, advance payment, maintenance, bid and other surety bonds. Build early-warning indicators covering cash flows, receivables, delays, cost overruns, bank limit utilization, litigation and employer conduct.
- Market Engagement: Participate in conversations with contractors, brokers, and project owners - bringing risk credibility. The goal is to distinguish positive business from business that merely looks attractive.

The Successful Applicant
- Educatio

📌 Head - Surety Business (Bengaluru)
🏢 Michael Page
📍 Bengaluru

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