Underwriter

Starr Insurance Companies • $115K — $130K *

New York, NY 10025In-Person

Finance & Insurance

Less than 5 years of experience

Today

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Job Overview by Ladders

Qualifications

3-5 years of surety or P&C underwriting experience, with a focus on surety bonds strongly preferred
Strong analytical and financial evaluation skills
Demonstrated customer service and relationship-building skills
Excellent attention to detail and organizational skills
Proficiency with Microsoft Office Suite; experience with insurance management/underwriting systems a plus
Bachelor's degree in Business, Finance, Insurance, or related field (or equivalent work experience)
In-depth knowledge of surety principles, underwriting practices, and regulatory guidelines

Responsibilities

Underwrite, review, and evaluate new and renewal surety bond submissions
Analyze financial statements, credit reports, and other relevant data to determine risk acceptability and pricing
Develop and maintain agent, broker, and client relationships to drive new business and retention
Issue quotes, binders, policies, and endorsements within authority levels
Ensure compliance with underwriting guidelines, authority levels, and regulatory requirements
Negotiate terms and conditions of coverage with internal stakeholders
Collaborate with claims, accounting, and other departments to ensure high-quality service
Provide timely and accurate communication to agents and clients
Stay informed of market trends and competitor activity in the surety space

Benefits

Opportunities for professional development and networking through industry organizations
Engaged workplace culture that fosters collaboration and teamwork
Access to insurance management and underwriting software training
Support for obtaining relevant professional designations such as AFSB or CPCU

Full Job Description

Position Summary:

The Surety Underwriter is responsible for underwriting a portfolio of surety bond business in accordance with established company guidelines and risk appetite. This role involves evaluating applications, analyzing financial and credit data, and building relationships with agents and clients to develop quality business. The ideal candidate will have 3-5 years of surety or P&C underwriting experience and a strong working knowledge of the New York market.

Key Responsibilities:

Underwrite, review, and evaluate new and renewal surety bond submissions, including contract and commercial risks

Analyze financial statements, credit reports, and other relevant data to determine risk acceptability and pricing

Develop and maintain agent, broker, and client relationships to drive new business and retention

Issue quotes, binders, policies, and endorsements within designated authority levels

Ensure compliance with company underwriting guidelines, authority levels, and regulatory requirements

Negotiate terms and conditions of coverage in collaboration with internal stakeholders

Collaborate with claims, accounting, and other departments to ensure high-quality service

Provide timely and accurate communication to agents, clients, and internal colleagues

Stay informed of market trends, industry issues, and competitor activity in the surety space

Contribute actively to process improvements and strategic initiatives

Required Qualifications:

3-5 years of direct surety or property & casualty underwriting experience, with a focus on surety bonds strongly preferred

Strong analytical and financial evaluation skills

Demonstrated customer service and relationship-buildingskills

Excellent attention to detail and organizationalskills

Proficiency with Microsoft Office Suite; experience with insurance management/underwriting systems a plus

Bachelor's degree in Business, Finance, Insurance, or related field (or equivalent work experience)

In-depth knowledge of surety principles, underwriting practices, and regulatory guidelines

Eligibility to work in the United States; New York residency preferred

PreferredQualifications:

Active participation in insurance industry organizations (AAMGA, NASBP, SFAA, etc.)

Professional designations such as AFSB (Associate in Fidelity and Surety Bonding) or CPCU

Experience working with agency management or underwriting software

For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets: experience and training: licensure and certifications: and other business and organizational needs. A reasonable estimate of the current range is $115,000 - $130,000.00

About Starr Insurance Companies

Starr Insurance Companies Careers

There has never been a better time to join the global team of Starr Insurance Companies—the leading provider of insurance and investment solutions worldwide.

Work You’ll Do

Join Starr Insurance Companies' top-tier team to assist some of the most prestigious clients in navigating their risk management and insurance strategies. Transform the approach to global insurance solutions with the brightest minds at Starr Insurance Companies. This is where innovation meets industry expertise in a dynamic environment. Lead from a unique position in the marketplace, at the crossroads of deep industry knowledge and extensive insurance innovation. Engage with a worldwide network of professionals dedicated to redefining the future of insurance and risk management. Collaborate with a diverse and inclusive team, fostering a culture of professional growth and diversity training.

Introducing the Starr Insurance Companies Professional Growth Path

The team is committed to building a leading career development framework to help individuals master their professional journey within the insurance industry.

Do Innovative Work

Be part of a team that is at the forefront of industry innovation—delivering targeted solutions through a depth of expertise that is unmatched in the insurance sector.

Drive Innovation and Leadership

Develop and implement groundbreaking solutions on trusted platforms, enhancing Starr Insurance Companies' position as a leader in the insurance industry.

Be Part of a Great Team

Join a team that values diversity and leadership, working on a wide range of initiatives that harness the capabilities of Starr Insurance Companies' global presence.

Future-proof Your Career

Advance your career with limitless opportunities supported by unmatched training, development, and certification programs.

Explore

Discover how Starr Insurance Companies is leading the way in predictive analytics to revolutionize risk assessment and management solutions.

The Starr Insurance Companies Edge

With a commitment to innovation and leadership, Starr Insurance Companies helps clients tackle the challenges of today’s dynamic market. Clients globally turn to Starr Insurance Companies for strategic insights and solutions that drive growth and success in the insurance industry.

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Join the Team

Search open positions that match your skills and interests. Starr Insurance Companies seeks passionate, curious, and solution-driven team players. SEARCH STARR INSURANCE COMPANIES JOBS

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