Senior Underwriter - Surety

MSIG USA•Alexandria, VA

1d•$150,000 - $220,000

About The Position

MSIG USA is seeking a Senior Underwriter to support the profitable growth, underwriting quality, and operational effectiveness of its Surety portfolio. In this home office role, the underwriter provides technical underwriting support, reviews referrals, monitors portfolio performance, and helps ensure consistent application of underwriting guidelines and best practices. The role works closely with Surety underwriters, field offices, brokers, and internal partners to support sound underwriting decisions and responsive service. This is a part-time, benefits-eligible position scheduled for 30 hours per week. The estimated salary range is $150,000 to $220,000 per year. Actual compensation within that range depends on relevant experience, location, and other job-related factors.

Requirements

10 or more years of prior surety underwriting experience, with experience in Contract Surety, Commercial Surety, or both.
Experience with surety underwriting principles, including financial analysis, credit assessment, indemnity, and bond obligations.
Experience analyzing financial statements and other credit information.
Commitment to ongoing professional development and surety industry education.
Strong analytical and problem-solving skills, with excellent attention to detail.
Knowledge of surety bond forms, underwriting documentation, and industry practices.
Sound judgment and the ability to evaluate complex underwriting issues and communicate recommendations clearly.
Excellent written and verbal communication skills.
Strong interpersonal skills and ability to collaborate effectively with underwriting, operations, and other internal stakeholders.
Ability to manage multiple priorities effectively in a part-time work schedule.
Proficiency in Microsoft Office Suite and ability to learn internal underwriting systems.

Nice To Haves

Bachelor’s degree preferred.

Responsibilities

Evaluate and provide guidance on surety underwriting referrals, including credit, financial, indemnity, bond form, and program considerations within assigned authority.
Analyze financial statements, work-in-progress schedules, credit information, ownership structures, and other underwriting information to assess account and transaction risk.
Support Contract and Commercial Surety underwriting for new business, renewals, account changes, and individual bond requests.
Review bond forms, agreements, and other surety documents for material underwriting, legal, or operational considerations, coordinating with appropriate internal resources when necessary.
Assist in developing, interpreting, and consistently applying surety underwriting guidelines, authorities, procedures, and risk appetite.
Monitor portfolio trends and underwriting results to help identify concentrations, emerging risks, and opportunities for profitable growth.
Support underwriting audits, file reviews, authority administration, and other home office underwriting controls.
Partner with field underwriting teams on complex accounts and transactions, providing technical guidance and helping develop appropriate underwriting structures.
Collaborate with Claims, Legal, Operations, Finance, Reinsurance, and other internal teams on matters affecting the Surety portfolio.
Assist with developing and maintaining underwriting tools, templates, forms, procedures, and training materials.
Support training and professional development initiatives for Surety underwriting personnel.
Maintain accurate and complete underwriting documentation in accordance with internal standards and applicable requirements.
Contribute to special projects, process improvements, and other Surety Home Office initiatives as assigned.