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The Underwriting Manager is responsible for assessing and managing risk associated with surety bond applications. This position will be responsible to evaluate the financial strength and credibility of applicants, analyze terms, and make informed decisions to protect the interests of the surety company while maintaining profitability.
The ideal candidate will be based in Texas, Georgia, or Florida.
Key Accountabilities/Deliverables:
- Review and evaluate surety bond applications/submissions to determine risk levels and underwriting terms.
- Analyse financial statements, credit reports, and other relevant documents to assess the financial stability of applicants.
- Collaborate with brokers, agents, and clients to gather necessary information required for proper analysis of bond risks.
- Develop and maintain relationships with brokers, agents, and industry professionals.
- Provide guidance and support to junior underwriters or team members.
- Stay updated on industry trends, regulations, underwriting practices, and competitors.
- Coordination with Automation Team to implement bond types/risks in the surety bond platform.
- Stay abreast of obligee requirements and statutory changes.
- Other projects and tasks as assigned.
Technical Knowledge and Understanding:
- Excellent decision-making abilities and attention to detail.
- Proficiency in underwriting software and tools.
- Effective communication skills, both verbal and written.
- Ability to manage multiple projects and prioritize tasks effectively.
Experience:
- Bachelor’s degree in finance, business, accounting, or related field or equivalent work experience.
- Extensive experience (7+ years) in surety underwriting or related field.
- Strong analytical skills with the ability to interpret financial data.
- Knowledge of surety bond principles, including indemnity agreements and bond forms.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over work authorization sponsorship now or in the future for this position. This includes assistance, or support for an immigration-related employment benefit such as H-1B, O-1, E-3, TN status, CPT, OPT, or STEM OPT.
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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
Skills Required
- Bachelor's degree in finance, business, accounting, or a related field, or equivalent work experience
- 7+ years of experience in surety underwriting or a related field
- Strong analytical skills and ability to interpret financial data
- Knowledge of surety bond principles, including indemnity agreements and bond forms
- Proficiency in underwriting software and tools
- Applicants must be authorized to work for any employer in the United States without current or future sponsorship
What We Do
Core Specialty, through its subsidiary insurers, offers a diversified range of property, casualty, and marine insurance products for small to mid-sized businesses. We have the capital to take on risk, the underwriting talent in place, decisive leadership team, infrastructure, and a proven track record of making things happen – fast! When you’re ready to solve your toughest insurance needs, we’re ready to get it done for you. We free customers up to focus on their business by taking the load of complicated specialty insurance off their hands. We break down the walls of bureaucracy to provide optimal underwriting solutions for brokers. We’re ready, equipped, and motivated to get the job done, efficiently and professionally, by empowering experts with what they need to move quickly on behalf of customers and their brokers. Our specialty focus is the essential part of our identity. It is at our core
