Underwriter - Surety

Core Specialty Insurance Holdings, Inc.; Bowling Green (KY); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Medical, dental, and vision insurances

Short and long-term disability

401(k) plan with company match

Employee Assistance Plan

Health Savings Account

Flexible Spending Account

Wellness program

Employee Assistance Plan

Health Savings Account

Flexible Spending Account

Health Reimbursement Account

Wellness program

Job summary

A leading insurance company is seeking a Senior Underwriter based in Bowling Green, Kentucky. This role involves assessing and managing risk for surety bond applications, analyzing financial documents, and collaborating with industry professionals. The ideal candidate will have over 5 years of experience in underwriting, strong analytical skills, and effective communication abilities. Competitive salary and comprehensive benefits are offered.

Qualifications

• 5+ years of experience in surety underwriting or related field.
• Strong analytical skills to interpret financial data.
• Knowledge of surety bond principles.
• Knowledge of indemnity agreements and bond forms.
• 10–20% travel required.

Responsibilities

• Review and evaluate surety bond applications.
• Analyze financial statements and credit reports.
• Collaborate with brokers and clients.
• Provide guidance to junior underwriters.
• Stay updated on industry trends.
• Stay updated on industry trends, regulations, underwriting practices, and competitors.
• Coordinate with Automation Team to implement bond types/risks in the platform.
• Stay abreast of obligee requirements and statutory changes.
• Handle other projects and tasks as assigned.

Skills

Excellent decision-making abilities

Attention to detail

Proficiency in underwriting software

Effective communication skills

Ability to manage multiple projects

Education

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

Tools

Underwriting software

Job description

A Senior underwriter is responsible for assessing and managing risk associated with surety bond applications. A Senior Underwriter evaluates the financial strength and credibility of applicants, analyzes terms, and makes informed decisions to protect the interests of the surety company while maintaining profitability. A Senior underwriter will also be responsible for maintaining relationships with key agents and brokers.

Willing to consider candidates located in Southern Ohio, Kentucky, Tennessee, North or South Carolina, Louisiana, Georgia, Alabama.

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.
• Collaborate with brokers, agents, and clients to gather necessary information required for proper analysis of bond risks.
• Develop and maintain relationships with brokers, agents, and industry professionals.
• Provide guidance and support to junior underwriters or team members.
• Stay updated on industry trends, regulations, underwriting practices, and competitors.
• Coordinate 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

• Excellent decision-making abilities and attention to detail.
• Proficiency in underwriting software and tools.
• Effective communication skills, both verbal and written.
• Ability to manage multiple projects and prioritize tasks effectively.

Experience

• Bachelor’s degree in finance, business, accounting, or related field is preferred.
• Extensive experience (5+ years) in surety underwriting or related field.
• Strong analytical skills with the ability to interpret financial data.
• Knowledge of surety bond principles, including indemnity agreements and bond forms.
• Travel of 10 - 20% required.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position.

At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. You will receive 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.