Contract Surety Underwriter

Crum & Forster

$72K — $105K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3+ years of experience in underwriting, contract surety preferred.
  • Bachelor’s degree required, ideally in Business, Finance, Accounting, or a related field.
  • Strong communication skills to foster customer relationships and market products effectively.
  • Sales-oriented mindset with a focus on generating new business opportunities.
  • Analytical thinking for business problem-solving and recommendations.
  • High energy, self-starter with an entrepreneurial spirit and resilience.
  • Solid organizational skills and ability to manage multiple tasks efficiently.

Responsibilities

  • Select or reject risks based on profitability and business goals.
  • Analyze submissions to assess risk quality and set terms.
  • Apply underwriting rules and regulations diligently.
  • Recommend actions on high-risk projects beyond individual authority.
  • Manage accounts through underwriting and analysis systems.
  • Utilize independent judgment to support strategic business objectives.
  • Communicate effectively on underwriting issues with internal and external stakeholders.
  • Develop and maintain profitable relationships with brokers and agents.

Benefits

  • Flexible work arrangements to enhance work-life balance.
  • Generous 401K employer match to support retirement savings.
  • Employee Stock Purchase plan with employer matching for investment.
  • Robust Paid Time Off offering for personal time and relaxation.
  • Comprehensive wellness benefits focusing on physical and mental wellbeing.
  • Support for continuous learning through tuition reimbursement and professional training.
  • Dynamic work environment that encourages ambitious, fun culture.
  • Opportunities for community involvement through matching donation and volunteering programs.
Full Job Description

Underwriter - Contract Surety - Utah hybrid

 

A Contract Surety Underwriter is accountable for Contract Surety product underwriting that contributes to the achievement of the Contract Surety business plan in the assigned territory, including new business, renewal retention, pricing and profitability. This role reports directly to the Regional Underwriting Director and will partner with the Regional Underwriting Manager to foster agency/broker relationships and develop a profitable book of business.

 

Essential Job Functions and Responsibilities

 

  • Responsible for risk selection/rejection, pricing, retention, growth, and profitability within scope of authority and per divisional objectives.
  • Receives and analyzes submissions, assesses risk quality and determines terms in accordance with company guidelines.
  • Applies underwriting rules and guidelines, rating manual rules, and insurance laws and regulations.
  • Makes recommendations on risks over authority.
  • Enters, maintains and monitors accounts using underwriting, analysis, and desktop systems
  • Use independent judgment and initiative to support business goals.
  • Prepares effective internal and external communications on underwriting issues.
  • Develops a book of contract surety business with select brokers/agents and maintains effective business relationships with external customers to attract and retain profitable business.
  • Visits producers and principals to retain existing accounts, survey exposures, build and maintain business relationships, and develop new opportunities in support of divisional objectives.

 

Job Requirements

 

  • 3+ years of experience is required, contract surety experience is preferred.
  • Bachelor’s degree or equivalent experience is required, preferably in Business, Finance, Accounting or a related field.
  • Must have strong communication skills to build and leverage excellent customer relationships and to successfully market products.
  • Sales mindset for creating and following through on pipeline opportunities that contribute to new business goals and budget objectives.
  • Excellent communication, interpersonal and presentation skills.
  • An ability to think analytically about business problems, make recommendations and propose solutions.
  • A high energy, self-starter, who is resilient and has an entrepreneurial spirit.
  • Demonstrates solid time, organizational, and desk management skills.
  • Goal-oriented mind set and delivers on goals and objectives.
  • Microsoft Office experience and the ability to learn new applications are a must.
  • Travel and a valid driver's license are required.
What C&F will bring to you

At C&F you will BELONG

 

  • Flexible work arrangements.
  • Competitive compensation package.  
  • Generous 401K employer match.
  • Employee Stock Purchase plan with employer matching.
  • Generous Paid Time Off.
  • Excellent benefits that go beyond health, dental & vision. Our Wellness programs focus on your family’s complete wellness, including your physical and mental wellbeing
  • A core C&F principle is that you manage your career. To support your development, we have a wealth of ways for you to keep learning, including tuition reimbursement, industry related certifications and professional training available to you.
  • A dynamic, ambitious, fun and exciting work environment.
  • A spirit of social responsibility, matching donation program, volunteer opportunities, and an employee driven corporate giving.

 

#LI-JA1

#LI-Hybrid

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