Credit, Political Risk & Surety Program Manager
Fortegra
Fortegra is seeking an experienced Credit, Political Risk & Surety Program Manager to oversee delegated underwriting relationships with MGAs. The role will act as the carrier-side technical lead, ensuring underwriting activity remains within agreed authority, risk appetite and governance standards while supporting disciplined portfolio growth and long-term portfolio performance across UK and US markets. The successful candidate will bring deep experience in structured credit, credit and political risk underwriting, and/or surety, alongside a strong understanding of international insurance and reinsurance market dynamics. Key Responsibilities
- Manage the relationship with the Credit, Political Risk & Surety MGA(s)
- Review and approve or decline referred risks based on structure, risk quality, aggregate exposure and portfolio strategy
- Ensure adherence to underwriting guidelines, authority levels and program documentation
- Monitor portfolio exposures, concentrations, premium development, profitability and losses across UK and US portfolios
- Support the growth and maintenance of a diversified and disciplined Credit, Political Risk & Surety portfolio
- Coordinate internal stakeholders including underwriting, claims, actuarial, compliance and reinsurance
- Oversee reporting quality including bordereaux, exposure management and documentation standards
- Support reinsurer discussions through clear articulation of portfolio performance, underwriting controls and market strategy
- Identify emerging risks and ensure appropriate escalation and remediation actions
- Provide senior management with clear updates on portfolio performance, underwriting trends and risk profile
- Contribute to underwriting governance, portfolio optimization and strategic growth initiatives within the Credit, Political Risk & Surety business
- Evaluate surety exposures, including commercial and contract surety risks, and monitor portfolio performance against established underwriting and risk management objectives
- 10+ years of experience in credit, political risk, surety, structured credit, or related financial risk underwriting
- Strong structured credit experience, including analysis of complex financing structures and non-payment risk
- Experience managing or underwriting Credit, Political Risk and/or Surety business across UK and US markets
- Demonstrated ability to grow and maintain profitable portfolios while maintaining underwriting discipline
- Ability to analyse complex transactions and appropriately challenge underwriting decisions
- Experience working within delegated authority, MGA or program business structures
- Strong portfolio management and aggregate exposure management capabilities
- Knowledge of commercial and contract surety underwriting principles, obligor analysis, and surety portfolio management is preferred
- Commercial judgment with the ability to balance growth objectives and risk discipline
- Strong communication and stakeholder management skills across underwriting, reinsurance and senior leadership teams
- Familiarity with Lloyd's, company market or international specialty insurance environments preferred
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