Commercial Surety Underwriter

Crum & Forster Insurance; Morristown, New York (NJ, NY); Remote; USD 58,000 - 111,000; Full time

Job summary

An established industry player seeks a Senior Underwriter for Commercial Surety. This pivotal role involves managing underwriting processes, fostering relationships with brokers, and contributing to the growth and profitability of the business. The ideal candidate will have a strong background in commercial surety underwriting and excellent communication skills to build lasting customer relationships. Join a dynamic team that values inclusivity and offers a supportive work environment where your contributions will make a significant impact. If you are a self-starter with an entrepreneurial spirit, this opportunity is perfect for you.

Benefits

Flexible work arrangements

Competitive compensation package

Generous 401K employer match

Employee Stock Purchase plan

Generous Paid Time Off

Wellness programs

Tuition reimbursement

Professional training opportunities

Volunteer opportunities

Matching donation program

Qualifications

• Minimum of four years of commercial surety underwriting experience required.
• Strong communication skills for excellent customer relationships.

Responsibilities

• Responsible for risk selection, pricing, and profitability in underwriting.
• Develop and maintain profitable relationships with brokers and agents.

Skills

Commercial Surety Underwriting

Communication Skills

Analytical Thinking

Sales Mindset

Time Management

Education

Bachelor’s Degree in Business, Finance, or Accounting

Tools

Microsoft Office

Job description

Crum & Forster Company Overview

Crum & Forster (C&F), with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus lines insurance companies. C&F enjoys a financial strength rating of "A" (Excellent) by AM Best and is proud of our superior customer service platform. Our claims and risk engineering services are recognized as among the best in the industry.

Our most valuable asset is our people: more than 2000 employees in locations throughout the United States. The company is increasingly winning recognition as a great place to work, earning several workplace and wellness awards, including the 2024 Great Place to Work Award for our employee-first focus and our steadfast commitment to diversity, equity and inclusion.

C&F is part of Fairfax Financial Holdings, a global, billion dollar organization. For more information about Crum & Forster, please visit our website: www.cfins.com.

Job Description

Underwriter - Commercial Surety - Remote

A Senior Underwriter is accountable for Commercial Surety product underwriting that contributes to the achievement of the Commercial Surety business plan including new business, renewal retention, pricing and profitability. This role reports directly to the Regional Underwriting Manager of Commercial Surety and will work closely with the Senior Vice President to foster agency/broker relationships and develop a profitable book of business.

Essential Job Functions and Responsibilities

• Responsible for risk selection/rejection, pricing, retention, growth, and profitability within scope of authority and per divisional objectives.
• Receives and analyzes submissions, assesses risk quality and determines terms in accordance with company guidelines.
• Applies underwriting rules and guidelines, rating manual rules, and insurance laws and regulations.
• Makes recommendations on risks over authority.
• Enters, maintains and monitors accounts using underwriting, analysis, and desktop systems.
• Uses independent judgment and initiative to support business goals.
• Prepares effective internal and external communications on underwriting issues.
• Develops a book of commercial surety business with select brokers/agents and maintains effective business relationships with external customers in order to attract and retain profitable business.
• Visits producers and principals in order to retain existing accounts, survey exposures, build and maintain business relationships, and develop new opportunities in support of divisional objectives.

Job Requirements

• A minimum of four years of commercial surety underwriting experience is required.
• Bachelor’s degree is required in Business, Finance, Accounting or a related field.
• Must have strong communication skills to build and leverage excellent customer relationships and to successfully market products.
• Sales mindset for creating and following through on pipeline opportunities that contribute to new business goals and budget objectives.
• Excellent communication, interpersonal and presentation skills.
• An ability to think analytically about business problems, make recommendations and propose solutions.
• A high energy, self-starter, who is resilient and has an entrepreneurial spirit.
• Demonstrates solid time, organizational, and desk management skills.
• Goal-oriented mindset and delivers on goals and objectives.
• Microsoft Office experience and the ability to learn new applications a must.
• Travel is required.
• Valid driver’s license is required.

What C&F will bring to you

At C&F you will BELONG

We value inclusivity and diversity. We are committed to equal employment opportunity and welcome everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status. If you require special accommodation, please let us know.

For California Residents Only: Information collected and processed as part of your career profile and any job applications you choose to submit are subject to our privacy notices and policies, visit here for more information.

Crum & Forster is committed to ensuring a workplace free from discriminatory pay disparities and complying with applicable pay equity laws. Salary ranges are available for all positions at this location, taking into account roles with a comparable level of responsibility and impact in the relevant labor market and these salary ranges are regularly reviewed and adjusted in accordance with prevailing market conditions. The annualized base pay for the advertised position, located in the specified area, ranges from a minimum of $58,700 to a maximum of $110,200. The actual compensation is determined by various factors, including but not limited to the market pay for the jobs at each level, the responsibilities and skills required for each job, and the employee’s contribution (performance) in that role. To be considered within market range, a salary is at or above the minimum of the range. You may also have the opportunity to participate in discretionary equity (stock) based compensation and/or performance-based variable pay programs.

• Flexible work arrangements.
• Competitive compensation package.
• Generous 401K employer match.
• Employee Stock Purchase plan with employer matching.
• Generous Paid Time Off.
• Excellent benefits that go beyond health, dental & vision. Our Wellness programs focus on your family’s complete wellness, including your physical and mental wellbeing.
• A core C&F principle is that you manage your career. To support your development, we have a wealth of ways for you to keep learning, including tuition reimbursement, industry related certifications and professional training available to you.
• A dynamic, ambitious, fun and exciting work environment.
• A spirit of social responsibility, matching donation program, volunteer opportunities, and an employee driven corporate giving.

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