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Core Specialty Insurance Holdings, Inc. · 3 days ago

Underwriting Manager - Contract Surety

Cincinnati, OH

Contract

Onsite

Senior Level

7+ years exp

Core Specialty Insurance Holdings, Inc. is seeking a Surety Underwriting Manager to develop a new office focused on contract surety business in the states of KY, OH, and IN. The role involves production and underwriting of contract surety accounts, as well as hiring and managing a team to achieve premium, loss, and profit goals.

InsuranceMarine Transportation

Responsibilities

Organically grow a branch contract surety office meeting defined premium goals, loss and expense goals, and profit goals

Develop and manage distribution channels, including brokers, agents, and partnerships to expand market reach and drive sales growth

Build and develop a high-performing team of surety professionals, providing leadership, mentorship, and support to drive employee engagement, productivity, and retention

Champion a customer-centric approach to deliver exceptional service, satisfaction, and value propositions that will differentiate our contract surety team in the marketplace

Review and evaluate surety bond applications/submissions to determine risk levels and underwriting terms

Analyze financial statements, work-in-process reports, credit reports, and other relevant underwriting documents to assess the financial quality and character of principals and indemnitors for the establishment of surety credit

Determine appropriate single and aggregate bond amounts, terms, and conditions based on risk analysis and industry standards

Collaborate with brokers, agents, and principals to gather necessary information required for proper analysis of bond risks

Keep current on industry trends, regulations, underwriting practices, and competitors

Keep abreast of obligee requirements and statutory changes

Other projects and tasks as assigned

Qualification

Contract surety underwritingFinancial analysisLeadershipTeam managementUnderwriting software proficiencyAnalytical skillsCustomer serviceEffective communicationTime managementPresentation skills

Required

Bachelor's degree in accounting, finance, business, or related field

7+ years in surety underwriting or related field

Strong technical contract surety underwriting expertise and financial analysis expertise

Excellent analytical and decision-making skills, with the ability to assess complex risks and provide solutions

Leadership and team management abilities, with a focus on coaching, development, and performance management

Proficiency in underwriting software and tools

Effective communication and interpersonal skills, both verbal and written, for building relationships and managing stakeholder expectations

Time management and prioritization skills

Ability to multi-task and collaborate effectively with others in a high-performance team environment

The ability to meet tight deadlines

Strong customer service with a professional attitude and approach

Demonstrate significant contribution to underwriting profit

Experience in delivering presentations to internal and external audiences

Experience with employee development, mentoring, coaching and performance management skills

Ability to travel as needed, and with short notice

Benefits

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

Wellness program

Company

Core Specialty Insurance Holdings, Inc.

Core Specialty, through its subsidiary insurers, offers a diversified range of property, casualty, and marine insurance products for small to mid-sized businesses.

Founded in 2020

Jersey City, New Jersey, USA

1001-5000 employees