As a Contract Surety Underwriter, you will be responsible for development of contract surety business in a defined territory. You will play a critical role in the production and underwriting of contract surety account business.
Key Accountabilities/Deliverables:- Develop and manage distribution channels, including brokers, agents, and partnerships to expand market reach and drive sales growth.
- Champion a customer-centric approach to deliver exceptional service, satisfaction, and value propositions that will differentiate our contract surety team in the marketplace.
- Review and evaluate surety bond applications/submissions to determine risk levels and underwriting terms.
- Analyze financial statements, work-in-process reports, credit reports, and other relevant underwriting documents to assess the financial quality and character of principals and indemnitors for the establishment of surety credit.
- Determine appropriate single and aggregate bond amounts, terms, and conditions based on risk analysis and industry standards.
- Collaborate with brokers, agents, and principals to gather necessary information required for proper analysis of bond risks.
- Keep current on industry trends, regulations, underwriting practices, and competitors.
- Keep abreast of obligee requirements and statutory changes.
- Other projects and tasks as assigned.
Technical Knowledge and Understanding:- Strong technical contract surety underwriting expertise and financial analysis expertise.
- Excellent analytical and decision-making skills, with the ability to assess complex risks and provide solutions.
- Proficiency in underwriting software and tools.
- Effective communication and interpersonal skills, both verbal and written, for building relationships and managing stakeholder expectations.
- Time management and prioritization skills.
- Ability to multi-task and collaborate effectively with others in a high-performance team environment.
Experience:- Bachelor's degree in accounting, finance, business, or related field.
- 2+ years of surety underwriting experience or related field.
- Contract surety underwriting experience preferred.
- The ability to meet tight deadlines.
- Strong customer service with a professional attitude and approach.
- Strong analytical skills with the ability to interpret financial data.
- Ability to travel as needed.
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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
