Senior Underwriter, Surety

Chubb•Minneapolis, MN

3d•Hybrid

About The Position

The Senior Surety Underwriter’s primary responsibility is to underwrite individual surety risks through a demonstration of fundamental surety underwriting skills, risk assessment, financial proficiency, actuarial fundamentals, marketing and communications, and systems and programs. The role involves underwriting surety credits that generate profit while meeting customer needs, identifying and analyzing risk exposures, understanding financial statements and ratios, and comprehending credit risk and actuarial fundamentals. The position also requires marketing and communication skills to build relationships, grow the book of business, and manage producer strategy. The Senior Surety Underwriter will use necessary systems and software programs for daily business.

Requirements

Knowledge of surety industry
Knowledge of underwriting concepts, practices, and procedures
Strong organization skills
Microsoft Word, Excel, and Outlook
Internet usage
Oral and written communication skills
Negotiation skills
Marketing skills
Basic leadership skills
Dedication to providing great customer service
3+ years surety underwriting experience

Nice To Haves

Achieved or working towards achieving the AFSB (Associates in Fidelity and Surety Bonding) designation

Responsibilities

Underwrite individual surety risks
Underwrite surety credits which generate a profit for the Company while meeting the needs of the customer
Identify risk exposures, analyze contracts and bond forms
Analyze and differentiate risks on an account specific basis
Manage underwriting meetings with customers to understand operations and internal controls
Understand the impact of underwriting decisions on company results
Understand credit risk
Understand loss trends, loss triangles, and ratemaking
Quantify risk based on experience history and forecasting methods
Build relationships, internally and externally, to grow the book of business to achieve bottom line profitability for the Company
Make presentations and communicate articulately
Base communications on strategic thinking
Manage producer strategy
Use systems and software programs needed to conduct daily business
Market and prospect for new business, primarily through travelling throughout the assigned territory
Document the underwriting files
Determine terms and conditions and complex rating plans
Handle more complex files and portfolios
Guide and mentor junior staff