Senior Underwriter, Surety

Sompo; Charlotte (NC); On-site; USD 75,000 - 95,000; Full time

Benefits offered by this job

Medical plans

Dental benefits

401(k) retirement plan

Paid time-off programs

Tuition reimbursement

Job summary

A leading insurance provider is seeking a Senior Underwriter for its Surety Business Unit in Charlotte, NC, or Alpharetta, GA. This role involves assessing risk through financial analysis, managing an assigned portfolio for profitability, and building producer relationships. Candidates should have a minimum of 3-5 years of Surety underwriting experience and a Bachelor's degree is preferred. The position includes competitive compensation and extensive benefits, promoting inclusion and diversity in the workplace.

Qualifications

• Minimum 3-5 years of Surety underwriting experience required.
• Knowledge of Surety underwriting techniques and regulations.
• Proven ability to build and grow a profitable book of business.

Responsibilities

• Review submissions and financial requirements to assess risk.
• Analyze financial stability and creditworthiness of applicants.
• Develop producer relationships to enhance business pipeline.

Skills

Surety underwriting experience

Financial analysis

Customer needs assessment

Objection handling

Education

Bachelor’s degree

AFSB certification

Job description

Senior Underwriter – Surety Business Unit

Location: Alpharetta, GA or Charlotte, NC.

Responsibilities

• Review submissions and financial requirements to determine acceptability of risk in accordance with guidelines and standards.
• Analyze the financial stability, creditworthiness, and experience of applicants to determine likelihood of fulfilling obligations under a bond.
• Examine financial statements, credit reports, and other relevant financial information for new and existing accounts to assess credit quality.
• Understand pricing components, rating methodology, and use predictive modeling tools to price risk based on financial and competitive analysis.
• Apply underwriting tools, disciplines, and strategies to ensure guidelines are followed.
• Prepare and analyze information on adverse underwriting decisions, rate appeals, underwriting requirements, status, and declinations to drive results.
• Adhere to CAT guidelines and underwriting discipline to minimize exposure and appropriately price.
• Manage the assigned portfolio to achieve gross written premium, profitability, rate, retention, product mix, new business, and portfolio management goals.
• Prioritize time and resources to effectively manage and optimize producer performance.
• Develop producer relationships to build pipeline, agency intelligence, and drive performance to meet and exceed results.
• Implement distributor‑specific plans, monitor performance, and adjust plans to ensure a substantial pipeline for future profitable growth.
• Manage effective relationship with clients to build trust, facilitate negotiation, and secure commitment.

Qualifications

• Bachelor’s degree preferred.
• AFSB preferred.
• Minimum 3‑5 years of Surety underwriting experience.
• Knowledge of Surety underwriting techniques and national/local filing regulations and guidelines.
• Financial acumen and credit analysis skills.
• Knowledge of underwriting processes, coverages, and tools for new and renewal business decisions.
• Proven ability to build and grow a profitable book of business and pipeline.
• Strong customer‑needs assessment, solution positioning, objection handling, and closing skills.
• Willingness to travel overnight as needed for client and internal meetings.

Compensation and Benefits

Actual compensation for this role depends on location, qualifications, skills, competencies, and relevant experience. The total compensation package includes a base salary and incentive awards tied to company and individual performance.

• Two medical plans to choose from, including a Traditional PPO and a Consumer‑Driven Health Plan with a Health Savings Account.
• Pharmacy benefits with mail‑order options.
• Dental benefits, including orthodontia for adults and children.
• Vision benefits.
• Health Care & Dependent Care Flexible Spending Accounts.
• Company‑paid life and AD&D benefits, with optional supplemental coverage for employees, spouses, and children.
• Company‑paid disability benefits with competitive salary continuation payments.
• 401(k) retirement savings plan with competitive employer contributions.
• Paid time‑off programs, including company‑paid holidays.
• Parental leave benefits and adoption assistance program.
• Employee Assistance Program.
• Tax‑free commuter benefit.
• Tuition reimbursement and professional qualification benefits.

Sompo is an equal‑opportunity employer. We intentionally value inclusion and diversity and do not discriminate based on race, color, religion, sex, orientation, national origin, or age.