Underwriter - Surety

Core Specialty Insurance Holdings, Inc.; Town of Florida (NY); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Medical, dental, vision, and life insurances

401(k) plan with company match

Employee Assistance Plan

Health Savings Account

Wellness program

Job summary

Core Specialty Insurance Holdings, Inc. is seeking an Underwriter in the Town of Florida, NY, responsible for assessing and managing risk for surety bond applications. The role involves evaluating financial strength, analyzing terms, and maintaining relationships with brokers and agents.

Qualified candidates should have a Bachelor's degree in finance or a related field and at least 2 years of experience in surety underwriting. Core Specialty offers a competitive salary, professional development opportunities, and comprehensive benefits including insurances and a 401(k) plan.

Qualifications

• 2+ years of experience in surety underwriting or related field.
• Strong analytical skills with ability to interpret financial data.
• Knowledge of surety bond principles, including indemnity agreements.

Responsibilities

• Review and evaluate surety bond applications/submissions.
• Analyze financial statements and credit reports for risk assessment.
• Develop and maintain relationships with brokers and agents.
• Coordinate with Automation Team on bond types in the platform.

Skills

Decision-making

Attention to detail

Effective communication

Financial data analysis

Education

Bachelor’s degree in finance, business, or accounting

Tools

Underwriting software

Job description

The underwriter is responsible for assessing and managing risk associated with surety bond applications. They 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. As an underwriter you will also maintain 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 (2+ 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.

Benefits

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.