Contract Surety Underwriter

Core Specialty Insurance Holdings, Inc.; Dallas (TX); Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

401(k) with company match

Employee Assistance Plan

Health Savings Account

Flexible Spending Account

Wellness program

Job summary

Core Specialty Insurance Holdings, Inc. seeks a Contract Surety Underwriter to develop contract surety business within a defined territory and to underwrite and grow surety accounts.

The role emphasizes analyzing financial statements, risk assessment, broker relationships, and timely decision-making in a hybrid Dallas-based environment. A bachelor's degree and 2+ years in surety underwriting are preferred; travel as needed.

Qualifications

• Bachelor’s degree required or equivalent experience.
• 2+ years of surety underwriting experience preferred.
• Strong analytical and financial assessment capabilities.

Responsibilities

• Develop and manage distribution channels with brokers, agents, and partners.
• Review and evaluate bond submissions to determine risk and terms.
• Analyze financial statements and credit reports to assess principals.
• Determine bond amounts, terms, and conditions based on risk.
• Collaborate with brokers and principals to collect necessary information.
• Stay current on regulations, underwriting standards, and competitors.
• Travel as needed and manage multiple tasks in a high-performance team.

Skills

Analytical skills

Underwriting expertise

Underwriting software

Communication skills

Time management

Multi-tasking & collaboration

Education

Bachelor’s degree in accounting, finance, business, or related field

Tools

Underwriting software

Job description

As a Contract Surety Underwriter, you will be responsible for development of contract surety business in a defined territory. You will play a critical role in the production and underwriting of contract surety account business.

Key Accountabilities/Deliverables:

• Develop and manage distribution channels, including brokers, agents, and partnerships to expand market reach and drive sales growth.

• Champion a customer-centric approach to deliver exceptional service, satisfaction, and value propositions that will differentiate our contract surety team in the marketplace.

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

• Analyze financial statements, work-in-process reports, credit reports, and other relevant underwriting documents to assess the financial quality and character of principals and indemnitors for the establishment of surety credit.

• Determine appropriate single and aggregate bond amounts, terms, and conditions based on risk analysis and industry standards.

• Collaborate with brokers, agents, and principals to gather necessary information required for proper analysis of bond risks.

• Keep current on industry trends, regulations, underwriting practices, and competitors.

• Keep abreast of obligee requirements and statutory changes.

• Other projects and tasks as assigned.

Technical Knowledge and Understanding:

• Strong technical contract 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.

• Effective communication and interpersonal skills, both verbal and written, for building relationships and managing stakeholder expectations.

• Time management and prioritization skills.

• Ability to multi-task and collaborate effectively with others in a high-performance team environment.

Experience:

• Bachelor’s degree in accounting, finance, business, or related field.

• 2+ years of surety underwriting experience or related field.

• Contract surety underwriting experience preferred.

• The ability to meet tight deadlines.

• Strong customer service with a professional attitude and approach.

• Strong analytical skills with the ability to interpret financial data.

• Ability to travel as needed.

#LI-hybrid

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