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Great American Insurance Group · 20 hours ago

Senior Commercial Surety Underwriter - Bonds Division

New York, United States

Full-time

Hybrid

Senior Level

$115K/yr - $157K/yr

5+ years exp

Great American Insurance Group is a leader in the insurance industry, known for its expertise in underwriting surety and fidelity bonds. They are seeking a Senior Commercial Surety Underwriter to evaluate and underwrite new and renewal business, ensuring compliance with underwriting guidelines and risk appetite.

FinanceFinancial ServicesInsurance

Work & Life Balance

Hiring Manager

Luke Moeves

Responsibilities

Leads the evaluation and underwriting of new and renewal business, ensuring alignment with Company underwriting guidelines and risk appetite

Reviews and evaluates complex financial statements, credit reports, and business operations of applicants

Determines coverage and sets terms, conditions, and pricing by evaluating the applicant’s financial capacity, past performance, and risk factors

Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance

Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations

Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation

Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers

Stays updated on industry trends, regulatory changes, and market conditions

Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business

Interprets, explains, and promotes products and services to drive market growth

Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes

May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports

Performs other duties as assigned

Qualification

Underwriting experienceFinancial statement analysisRisk assessmentProfessional designationCommunication skillsInterpersonal skillsNegotiation skillsProblem-solving skillsDecision-making ability

Required

Bachelor's Degree in Finance, Economics, Business, or a related field or equivalent experience

Generally, 5 or more years of underwriting, finance, banking, or related experience

Demonstrates advanced analytical, risk assessment, and problem-solving skills

Strong understanding of financial statement analysis and risk management

Excellent communication and interpersonal skills

Advanced negotiation and decision-making ability

Performs work under limited supervision and technical direction

Works with significant latitude and authority on complex assignments

Position requires occasional travel up to 25%

Requires prolonged, sitting and/or standing

May require frequent travel, including overnight travel

May require ability to operate and/or travel in a motor vehicle for long periods of time

May require travel by airplane

Requires frequent use of computer

May lift, carry, push, or pull objects up to 50 lbs

Requires regular and predictable attendance (may be required to work in a physical office location)

Preferred

Continuing progress toward and/or the completion of a professional designation preferred but not required, such as Associate in Fidelity and Surety Bonding (AFSB), Chartered Property Casualty Underwriter (CPCU), Certified Public Accountant (CPA), and/or Registered Professional Liability Underwriter (RPLU)

Company

Great American Insurance Group

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Great American Insurance Group is an insurance company that specializes in in property and casualty insurance. It is a sub-organization of American Financial Group.

Founded in 1872

Cincinnati, Ohio, USA

5001-10000 employees