Executive Underwriter - Contract Surety NYC

Crum & Forster

$86K — $174K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Finance, Accounting, or related field required.
  • Minimum 8 years of experience in contract surety.
  • Strong communication skills for building customer relationships.
  • Sales-oriented mindset for pursuing new business opportunities.
  • Analytical thinking with the ability to propose solutions.
  • Self-starter with entrepreneurial spirit and high energy.
  • Excellent organizational and time management skills.
  • Proficient in Microsoft Office and quick to learn new applications.

Responsibilities

  • Underwrite Contract Surety products to achieve business goals.
  • Analyze submissions and assess risk quality.
  • Apply underwriting guidelines and insurance regulations effectively.
  • Make recommendations for risks exceeding authority limits.
  • Maintain and monitor accounts using relevant systems.
  • Foster agency and broker relationships to support profit growth.
  • Coach and mentor junior underwriters.
  • Visit producers to maintain relationships and identify new opportunities.

Benefits

  • Flexible work arrangements.
  • Company-provided vehicle.
  • Generous 401K employer match.
  • Employee Stock Purchase plan with employer match.
  • Generous Paid Time Off.
  • Comprehensive health, dental, and vision benefits.
  • Wellness programs focused on physical and mental wellbeing.
  • Tuition reimbursement and professional training opportunities.
  • Dynamic and engaging work environment.
  • Opportunities for community involvement and corporate giving.
Full Job Description
Executive Underwriter - Contract Surety - New York City hybrid location.

An Executive Underwriter is accountable for Contract Surety product underwriting that contributes to the achievement of the Contract Surety business plan including new business, renewal retention, pricing and profitability. This role reports to the Regional UW Director and will work closely 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
  • Uses independent judgment and initiative to support business goals.
  • Prepares effective internal and external communications on underwriting issues.
  • Develops a book of commercial surety business with select brokers/agents and maintains effective business relationships with external customers in order to attract and retain profitable business.
  • Visits producers and principals in order to retain existing accounts, survey exposures, build and maintain business relationships, and develop new opportunities in support of divisional objectives.
  • Coaches and guides less experienced underwriters.


Job Requirements

  • Bachelor's degree or equivalent is required, preferably in Business, Finance, Accounting or a related field.
  • A minimum of 8 years of contract surety experience is required.
  • Must have strong communication skills to build and leverage excellent customer relationships 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, delivers on goals and objectives.
  • Microsoft Office experience and the ability to learn new applications a must.

Travel required and proof of valid driver license.

What C&F will bring to you

At C&F you will BELONG

  • Flexible work arrangements.
  • Competitive compensation package.
  • Company car provided
  • 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.


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