Underwriter – Surety

CapSpecialty, Inc.; Wisconsin; Remote; USD 60,000 - 100,000; Full time

Job summary

An innovative specialty underwriting company is seeking a Senior Underwriter to join their dynamic Midwest team. This remote position offers the opportunity to manage a diverse portfolio, develop strong relationships with agents, and contribute to the growth of the business. The role emphasizes collaboration and leadership, providing a platform for you to showcase your underwriting expertise and financial analysis skills. Enjoy a flexible work environment with competitive compensation and benefits, including an open vacation plan and professional growth opportunities. Make a significant impact in a company that values your unique talents and fosters a culture of excellence.

Benefits

Open Vacation Plan

Paid Sick Leave

Parental Leave

401k Matching

Life Insurance

Disability Plans

Professional Growth Opportunities

Flexible Work Environment

Qualifications

• 1+ years of direct underwriting experience required.
• Bachelor’s Degree or equivalent is necessary.
• AFSB designation preferred.

Responsibilities

• Independently produce complex accounts and analyze financial statements.
• Research and generate new business leads while cultivating relationships.
• Demonstrate leadership by training and mentoring underwriting team.

Skills

Underwriting

Financial Analysis

Customer Service

Risk Assessment

Leadership

Education

Bachelor’s Degree

Associate in Fidelity and Surety Bonding (AFSB)

Tools

Word Processing Software

Spreadsheet Software

Job description

This is a remote position for someone in the Midwest Region. **We may consider someone for a Senior Underwriter role with the right experience**

At CapSpecialty, we are a specialty underwriting company being driven by well-informed, entrepreneurial and proactive employees. Come join our exciting company where you can really make an impact, and each individual's unique skills and talents are recognized and valued. You will find an accessible leadership team that welcomes opinions and ideas. We owe much of our success to our collaborative environment and set of three guiding principles rooted in customer-centricity, employee excellence and corporate culture.

We offer competitive compensation and benefits packages – including an innovative open vacation plan, generous paid sick and parental leave, fully vested matching 401k, company-paid group term life insurance and short- & long-term disability plans, professional and educational growth opportunities, flexible and casual work environment, and recognition for exceptional performance. Please see our full list of Total Rewardshere.

CapSpecialty is seeking an Underwriter for our Midwest Surety Team who willgenerate profitable commercial Surety & Fidelity business by managing the book of business through underwriting assigned territory, building working relationships with agents and co-workers, and participating in account underwriting and manager’s meetings.

Duties/Responsibilities:

• Independently produce more complex accounts/programs from startups to Fortune 500 account types. Analyze all facets of a financial statement and forecast the future impact the financial results will have on any account within its industry.
• Independently compile all underwriting information to assess overall risk, making a sound credit decision w/appropriate pricing, collateral, or other security. Approve and maintain good accounts for profitability by underwriting new submissions, renewals, and credit drawers.
• Research and generate new business leads & independently develop business relationships, cultivating them through strong customer service. Articulate CapSpecialty’s risk appetite & business philosophies to assigned agents/brokers.
• Demonstrate leadership skills in everyday business environment by training and mentoring underwriting team in underwriting concepts & corporate philosophies.Exhibit understanding of the “big picture” and overall goals of our organization.Review and respond to recommendations of Underwriters, working with them to help them learn more in depth principles of underwriting to advance in their respective careers.
• Determine what underwriting guideline changes are needed by investigating and reporting on bond claims and losses.
• Participate in the account underwriting meetings to assist in the approval of large risks and the establishment of departmental policies and procedures.
• Participate in off-site training seminars to develop leadership skills.
• Perform industry networking by participating in agency functions and visits.

Supervisory Responsibilities:

None.

Core Competencies:

• Knowledge of bonds, procedures, and rates as well as knowledge of specified territory including agency plant, accounts, and competition and general business climate. Working knowledge of Capitol’s reinsurance treaty (ies) and limitations.
• Ability to utilize word processing and spreadsheet software and communicate effectively, both verbally and in writing.
• Ability to effectively collaborate in a team environment, while working independently.
• Advanced ability to analyze all facets of a financial statement and tie together all statements including the statement notes.
• Advanced knowledge on how to apply both vertical and horizontal financial trending (i.e. liquidity, profitability, and debt coverage ratios, etc.) to forecast the future impact the financial results will have on any account within its industry.
• Ability to analyze and demonstrate thorough understanding of credit as it relates to the risk.

Education and Experience:

• Bachelor’s Degree, or equivalent.
• 1+ years of direct underwriting experience.
• Completed or working towards an Associate in Fidelity and Surety Bonding (AFSB) designation preferred.

Physical Demands:

• Prolonged periods of sitting at a desk and working on a computer.
• May be required to lift up to 10 lbs. at times.
• May require business travel up to 20%.

CapSpecialty is a leading provider of specialty insurance and bonds for small- to mid-sized businesses in the U.S., offering casualty, professional liability, surety and fidelity products in all 50 states and the District of Columbia. By working with select partners through a limited distribution model, CapSpecialty's creative, hard-working team provides personalized service and cultivates mutually successful partnerships to deliver positive results.CapSpecialty is an operating subsidiary of Berkshire Hathaway, and its carriers have an A ("Excellent") rating from A.M. Best, writing both admitted and non-admitted policies. For more information, please visitCapSpecialty.com.

Apply today!

Equal Employment Opportunity Employer