Surety Underwriter - Large Contract

About This Role

This role will develop and underwrite profitable surety business, servicing independent agents, brokers, and large contract accounts within an assigned territory. The Surety Underwriter will build and maintain positive partnerships, provide primary credit underwriting and financial/risk analysis, and make decisions on new and existing accounts.

Responsibilities

• Underwrite and negotiate accounts to maximize profitability while minimizing risk, including complex accounts
• Evaluate and assess a customer’s financial, technical, organizational, and management capacities
• Manage the profitability and retention of an assigned book of business, developing the portfolio through relationships with agents and brokers
• Perform analytical evaluations of financial statements on both a static and trend basis, and monitor financial position
• Stay abreast of Liberty Mutual Surety and Global Risk Solutions product lines, identifying and promoting opportunities
• Investigate, analyze, and manage necessary underwriting, accounting, and workflow issues
• Assess and identify changes in all aspects of the business and coordinate issues with Home Office Underwriters and Field Management
• Assist in the evaluation of business continuity arrangements and funding mechanisms
• Mentor more junior staff based on level
• Perform special projects and other duties as assigned

Requirements

• Bachelor's degree in Finance, Accounting or equivalent
• Minimum of 3 years experience, preferably 5 or more years surety underwriting experience and/or equivalent surety related business experience
• Solid understanding of financial and accounting principles
• Ability to demonstrate sound business judgment in the evaluation of financial condition and credit history
• Proven analytical ability to evaluate and judge surety underwriting risks
• Strong ability to communicate complex analyses and information in understandable written and/or oral directives
• Strong communication and interpersonal skills
• Excellent organizational skills as well as attention to detail

Qualifications

• Bachelor's degree in Finance, Accounting or equivalent
• Minimum of 3 years experience, preferably 5 or more years surety underwriting experience and/or equivalent surety related business experience. Strong preference with the large contract Surety product line.

Nice to Have

• AFSB certification preferred

Benefits

Certifications