Surety Underwriting Manager - Transactional

Core Specialty; Dallas (TX); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Short & long-term disability

401(k) with company match

Employee Assistance Plan

Health Savings Account

Flexible Spending Account

Wellness program

Job summary

Core Specialty is seeking an Underwriting Manager based in the United States to assess and manage risk on surety bond applications. You will evaluate financial statements, credit reports, and other documents to determine terms and protect profitability, while leading a team of underwriters.

You will collaborate with brokers, agents, and clients, stay current with industry trends, and coordinate with the Automation Team to implement bond types in the platform, ensuring compliance with obligee

Qualifications

• Bachelor’s degree in finance, business, accounting, or related field, or equivalent work experience.
• 7+ years of experience in surety underwriting or related field.
• Strong analytical skills to interpret financial data and bond principles.

Responsibilities

• Review and evaluate surety bond applications to determine risk levels and underwriting terms.
• Analyze financial statements, credit reports, and other documents to assess financial stability.
• Collaborate with brokers, agents and clients to gather necessary information for risk analysis.
• 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 platform.
• Stay abreast of obligee requirements and statutory changes.
• Other projects and tasks as assigned.

Skills

Decision making

Attention to detail

Communication

Project management

Analytical skills

Education

Bachelors degree in finance

Tools

Underwriting software

Job description

The Underwriting Manager is responsible for assessing and managing risk associated with surety bond applications. This position will be responsible to evaluate the financial strength and credibility of applicants, analyze terms, and make informed decisions to protect the interests of the surety company while maintaining profitability.The ideal candidate will be based in Texas, Georgia, or Florida.**Key Accountabilities/Deliverables:*** Review and evaluate surety bond applications/submissions to determine risk levels and underwriting terms.* Analyse 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.* 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:*** 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 or equivalent work experience.* Extensive experience (7+ 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.Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over work authorization sponsorship now or in the future for this position. This includes assistance, or support for an immigration-related employment benefit such as H-1B, O-1, E-3, TN status, CPT, OPT, or STEM OPT. #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 programCore Specialty offers a diversified range of property and casualty insurance products for small to mid-sized businesses. From underwriting offices spanning the U.S., the Company focuses on niche markets, local distribution, and superior underwriting knowledge, offering traditional as well as innovative insurance solutions to meet the needs of its customers and brokers. For further information about Core Specialty, please visit www.corespecialtyinsurance.com.