Offer summary

Qualifications:

Bachelor’s degree in finance, business, accounting, or related field., Minimum of 8+ years of experience in surety underwriting or related field., Strong analytical skills with the ability to interpret financial data., Excellent decision-making abilities and effective communication skills..

Key responsibilities:

Assess and manage risk associated with commercial surety bond submissions.

Review and evaluate surety bond applications to determine risk levels and underwriting terms.

Collaborate with brokers, agents, and clients to gather necessary information for bond risk analysis.

Provide guidance and support to junior underwriters and stay updated on industry trends.

Job description

The Senior underwriter is responsible for assessing and managing risk associated with commercial surety bond and account submissions. They will evaluate the financial strength and character of applicants to satisfy bonded obligations, analyze bonded obligations, and make informed decisions to protect the interests of the surety company while maintaining profitability.

Key Accountabilities/Deliverables:

Review and evaluate surety bond applications/submissions to determine risk levels and underwriting terms.
Analyze financial statements, credit reports, and other relevant documents to assess the financial stability of applicants.
Determine the appropriate bond amounts, terms, and conditions based on risk analysis and industry standards.
Collaborate with brokers, agents, and clients to gather necessary information required for proper analysis of bond risks.
Develop and maintain relationships with producers, industry professionals, and customers.
Provide guidance and support to junior underwriters or team members.
Stay updated on industry trends, regulations, underwriting practices, and competitors.
Coordination with Automation Team to implement bond types/risks in the surety bond platform.
Stay abreast of obligee requirements and statutory changes.
Other projects and tasks as assigned.

Technical Knowledge and Understanding:

Strong technical commercial surety underwriting expertise and financial analysis expertise.
Excellent analytical and decision-making skills, with the ability to assess complex risks and provide solutions.
Proficiency in underwriting software and tools.
In depth knowledge of surety bond principles, including indemnity agreements and bond forms.

Experience:

Bachelor’s degree in finance, business, accounting, or related field.
Minimum of 8+ years of experience in surety underwriting or related field.
Strong analytical skills with the ability to interpret financial data.
Excellent decision-making abilities and attention to detail.
Effective communication skills, both verbal and written.
Ability to manage multiple projects and prioritize tasks effectively.

#LI-Remote

At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program

Required profile