Underwriting Assistant
- Madrid
- Permanente
- Tiempo completo
- Set up brokers and clients in internal systems, performing KYC, sanctions, and AML checks
- Conduct ESG assessments on clients and projects in line with internal guidelines.
- Collect, update, and maintain client and broker documentation in compliance with regulatory and internal standards.
- Support the setup of guarantee facilities based on underwriter analysis.
- Review and validate bond request forms, authorized signatories, and ensure alignment with facility terms.
- Create and review bond wordings, ensuring consistency with underwriting intent and legal standards.
- Review public tender documents to assess bond requirements and risks.
- Capture, issue, and amend bonds and guarantees in underwriting systems, ensuring necessary approvals are obtained.
- Manage the signing and delivery process, including handling of wet signatures when required.
- Register bonds in SECAD, SEDA, and other applicable regional systems.
- Assist in obtaining and managing “Bastanteos” for bond issuance.
- Administer collateral, including system uploads and accurate data entry.
- Maintain a comprehensive and accurate database of all active guarantees and bonds, including terms, expiration dates, and associated risks.
- Ensure diligent documentation and storage of all relevant information for audit readiness and internal reviews.
- Provide support during internal and external audits related to guarantees and bonds.
- Handle end-to-end invoicing processes, including remittances, refunds, and reconciliation of broker statements.
- Resolve reconciliation issues and maintain up-to-date financial and operational reports.
- Create meaningful monthly reports that contribute to strategic decision-making and business insights.
- Act as a key point of contact for clients and beneficiaries throughout the bond lifecycle.
- Collaborate with internal stakeholders such as underwriting, finance, and compliance to ensure seamless operations and service delivery.
- Experience with bonds, SBLCS and guarantees in a bank or insurance company
- Knowledge of Spanish bond & guarantee wordings as well as Bastanteos is a plus
- Excellent experience in processing and issuing bonds, guarantees or SBLCs
- Knowledge of URDG & ICC guidelines are a plus
- Basic knowledge and understanding of guarantee business.
- Basic knowledge on sanctions and AML procedures, commercial and company law
- Strong skills and experience with Microsoft Office.
- Demonstrates competency in administrative and clerical procedures including diligent handling files and records, and processes for providing excellent customer service
- Ability to work both independently and collaboratively while establishing priorities; ability to handle several tasks in a fast-paced environment
- Full proficiency in Spanish, English and German language (spoken & written); Italian is a plus