Senior Underwriter - Commercial Surety

Crum & Forster

$82K — $155K *
US-AnywhereRemote in California, US
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of experience in commercial underwriting required.
  • Bachelor's degree in Business, Finance, Accounting, or related field.
  • Strong communication skills for effective customer relationship building.
  • Sales-oriented mindset for new business growth and opportunity conversion.
  • Excellent analytical, presentation, and interpersonal skills.
  • High energy self-starter with an entrepreneurial spirit.
  • Proficient in Microsoft Office and ability to learn new applications.

Responsibilities

  • Select and reject risks, manage pricing, and ensure profitability as per company objectives.
  • Analyze submissions and establish risk quality and terms based on guidelines.
  • Apply underwriting rules and comply with regulations in decision-making.
  • Make recommendations for risks exceeding authority limits.
  • Maintain and monitor accounts using underwriting systems effectively.
  • Support business goals through independent judgment and proactive initiatives.
  • Communicate underwriting concerns effectively to internal and external stakeholders.
  • Cultivate relationships with brokers to develop a profitable commercial surety portfolio.

Benefits

  • Flexible work arrangements for better work-life balance.
  • Competitive compensation package offering market-leading pay.
  • Generous 401(k) employer matching contributions.
  • Employee stock purchase plan with employer matching benefits.
  • Substantial paid time off for personal and vacation needs.
  • Comprehensive wellness programs focusing on physical and mental well-being.
  • Career development support through tuition reimbursement and professional training opportunities.
  • Engagement in corporate social responsibility initiatives and volunteer opportunities.
Full Job Description

Our Surety Division is a top 10 underwriter of surety bonds in the U.S., focused on delivering specialized bond solutions for commercial obligations and construction risks. Surety brings deep expertise to each of the specialized markets it serves. Our products include Commercial Surety, Contract Surety, and Bail Bond insurance. We have offices nationwide and we are dedicated to providing superior local relationships, expertise, and service.

Senior Underwriter - Commercial Surety (California remote, San Francisco area preferred)

A Senior Underwriter is accountable for Commercial Surety product underwriting that contributes to the achievement of the Commercial Surety business plan including new business, renewal retention, pricing and profitability. This role reports directly to the Regional Underwriting Manager of Commercial Surety and will work closely with the Regional Underwriting Manger 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.

Job Requirements

  • A minimum of 5 years of commercial experience is required.
  • Bachelors degree is required 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, delivers on goals and objectives.
  • Microsoft Office experience and the ability to learn new applications are a must.
  • Travel and a valid drivers license required.
What C will bring to you

At C 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 familys complete wellness, including your physical and mental wellbeing
  • A core C 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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