Senior Underwriter - Contract Surety Charlotte

Crum & Forster

• $87K — $128K *
US-AnywhereRemote in North Carolina, US
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 6+ years of contract surety experience required.
  • Bachelor's degree in Business, Finance, Accounting or a related field preferred.
  • Strong communication skills for customer relationships and marketing products.
  • Sales mindset to create and pursue pipeline opportunities.
  • Analytical skills to assess business problems and propose solutions.
  • High energy, self-starter with an entrepreneurial spirit.
  • Solid time, organizational, and desk management skills.

Responsibilities

  • Select and reject risks while ensuring profitability and growth.
  • Analyze submissions and determine risk quality and terms.
  • Apply underwriting rules and comply with insurance laws.
  • Recommend actions on risks exceeding authority.
  • Maintain and monitor underwriting accounts with relevant systems.
  • Support business goals using independent judgment.
  • Build and maintain relationships with brokers/agents to grow a book of business.

Benefits

  • Flexible work arrangements.
  • Generous 401K employer match.
  • Employee Stock Purchase plan with employer matching.
  • Generous Paid Time Off.
  • Wellness programs focusing on physical and mental wellbeing.
  • Tuition reimbursement and professional training opportunities.
  • Dynamic and exciting work environment.
  • Social responsibility initiatives and employee-driven corporate giving.
Full Job Description
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 - Contract Surety - North Carolina remote

A Senior 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 UW Director and will partner with the Regional UW Director 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

  • 6+ years of contract surety experience is required.
  • Bachelor27s degree or equivalent 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 valid drivers license are required.
What CF will bring to you

At CF 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 CF 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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