Surety Underwriting Manager - Transactional

Core Specialty Insurance Holdings, Inc.; Dallas (TX); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Life Insurance

Short-Term Disability

Long-Term Disability

401(k) with Company Match

Employee Assistance Plan

Health Savings Account

Flexible Spending Account

Health Reimbursement Account

Wellness Program

Job summary

Core Specialty Insurance Holdings, Inc. is seeking an Underwriting Manager based in the United States to assess and manage risk for surety bond applications.

The role involves evaluating financial strength, analyzing terms, and making informed decisions to protect profitability while maintaining strong client relationships. The ideal candidate will have 7+ years in surety underwriting, expertise in financial analysis, and the ability to coordinate with brokers, agents, and the automation team.

Qualifications

• Bachelor's degree in finance, business, accounting, or related field or equivalent work experience.
• 7+ years of 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.

Responsibilities

• Review and evaluate surety bond applications to determine risk and terms.
• Analyse financial statements, credit reports and other documents to assess financial stability.
• Collaborate with brokers, agents, and clients to gather information for bond risk analysis.
• Develop and maintain relationships with brokers, agents, and industry professionals.
• Provide guidance to junior underwriters or team members.
• Stay updated on industry trends, regulations, underwriting practices.
• 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

Decision making

Underwriting software

Communication

Project management

Education

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

Tools

Proprietary underwriting tools

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

• 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
• a wellness program