Underwriter - Contract Surety

Job Summary

Seeking a highly skilled and motivated Underwriter specializing in Contract Surety to join a team. This role offers the opportunity to manage a book of business within a designated territory, develop strategic marketing plans, and contribute to the growth of the organization.

Compensation Package

• Competitive salary ranging from $85,000 to $125,000 annually
• Annual bonus plans
• Employee Stock Ownership Plan (ESOP)
• 401(k) plan with automatic 3% company contribution
• Annual 401(k) and ESOP profit-sharing contributions (up to 15% of eligible earnings)

Responsibilities

• Manage profit and loss for a book of business within the assigned territory.
• Develop and execute marketing plans to attract new business by targeting key brokers, arranging meetings, and attending industry events.
• Perform underwriting functions, including financial analysis, account analysis, and industry analysis, while adhering to underwriting guidelines and authority limits.
• Serve as a resource on underwriting and territory-related issues for team members across the country.
• Travel as needed to meet with agents, contractors, and attend surety-related events within the assigned territory.
• Lead special projects and perform additional duties as required.

Qualifications/Requirements

• Bachelor’s degree in insurance, finance, risk management, business, or a related field.
• A minimum of 4 years of experience in Contract Surety underwriting.
• Strong analytical skills with the ability to apply strategic perspectives to underwriting processes.
• Excellent verbal and written communication skills.
• Proven ability to work independently and meet objectives.
• Experience in presenting findings and recommendations to management.

#LI-BR1