Commercial Surety – Underwriting Specialist

This is a fully remote position, open to applicants in Illinois, +2 more states.

📋 Description

• Manage and expand an assigned portfolio of commercial surety business with moderate to high technical complexity independently.

• Identify, solicit, underwrite, and retain profitable new and renewal surety accounts that align with underwriting appetite and portfolio objectives.

• Cultivate and maintain robust relationships with agencies, brokers, and clients to foster business growth and retention.

• Analyze financial statements, operational exposures, bond obligations, and risk mitigation factors to make informed underwriting decisions.

• Collaborate with internal and external stakeholders to assess complex submissions and secure necessary approvals.

• Implement underwriting principles related to risk selection, exposure analysis, bond form review, loss analysis, and pricing.

• Convey underwriting decisions, terms, and recommendations to agents and brokers effectively.

• Oversee portfolio performance concerning premium, profitability, retention, product mix, and new business goals.

• Leverage marketplace and competitor insights to enhance decision-making and strengthen relationships with producers.

• Promote Hanover’s surety capabilities and identify cross-selling opportunities across various business units.

• Stay updated on industry trends, market conditions, and regulatory changes that impact the territory.

⛳️ Requirements

• A Bachelor’s degree or equivalent professional experience is required.

• 2-5+ years of experience in Commercial Surety underwriting is necessary.

• 2-4+ years of proven experience in agency relationship management and business development are essential.

• A strong grasp of commercial surety underwriting principles, financial analysis, pricing, and portfolio management is vital.

• Demonstrated capability to assess and negotiate complex surety risks is required.

• Excellent written and verbal communication skills, including the ability to confidently articulate technical underwriting decisions.

• Strong analytical, problem-solving, negotiation, and relationship-management skills are essential.

• Must be able to quickly adapt to changing business conditions and embrace new strategies and ideas.

• AFSB designation is preferred.

🏝️ Benefits

• Flexible work arrangements, including hybrid and fully remote options available within Illinois, Wisconsin, Indiana, or Michigan.

• An inclusive and collaborative work environment.

• Opportunities for career growth.

• Full-time, exempt employment.