Commercial Surety Underwriter

This is a fully remote position, open to applicants in United States.

📋 Description

• Assess and evaluate transactional commercial surety submissions, which include, but are not limited to, motor vehicle dealer (MVD), license & permit, subdivision, court, contract-related transactional, mortgage broker, and specialty bonds.

• Review financial statements, credit reports, and supporting documents to evaluate risk and establish suitable terms, conditions, and pricing.

• Utilize underwriting authority to approve, decline, or adjust submissions in accordance with company policies and risk appetite.

• Ensure adherence to internal underwriting standards, regulatory obligations, and state-specific bonding requirements.

• Handle a substantial volume of transactional submissions while upholding rapid turnaround times and service excellence.

• Oversee and manage a portfolio to guarantee profitability, retention, and adequate risk diversification.

• Recognize opportunities for cross-selling and expanding accounts within current agency partnerships.

• Cultivate and sustain robust relationships with agency partners to enhance submission flow and expand market presence.

• Clearly communicate underwriting decisions, including providing logical explanations and alternative solutions when suitable.

• Negotiate terms, pricing, and commission structures to remain competitive while upholding underwriting standards.

• Serve as a market-facing representative to bolster agency growth and retention strategies.

• Assist in new business development by pinpointing target agencies and producers in the transactional surety sector.

• Engage in agency visits, industry events, and networking opportunities to strengthen relationships and enhance brand visibility.

• Maintain precise documentation and records within underwriting systems.

• Ensure the prompt issuance of bonds, endorsements, renewals, and cancellations.

• Collaborate with internal teams (claims, legal, compliance, operations) as needed to fulfill business goals.

⛳️ Requirements

• Minimum of 2 years experience in commercial surety underwriting, particularly in transactional business is required.

• Established connections within the surety agency/broker community are essential.

• Demonstrated experience in underwriting a diverse range of bond types (e.g., MVD, subdivision, license & permit, court, contractor-related transactional, specialty bonds).

• Strong grasp of credit analysis, risk evaluation, and financial statement assessment.

• Proven ability to manage a high volume of submissions while maintaining underwriting standards.

• Experience in negotiating terms, pricing, and commissions in a competitive environment.

• Familiarity with state-specific bonding requirements and the regulatory landscape is preferred.

🏝️ Benefits

• Health and welfare benefits.

• Tuition and professional certification support.

• 401k savings plan.

• Optional participation in the Employee Stock Purchase Program.

• Paid time off.

• Paid holidays.

• Child bonding leave.

• Additional employee assistance.