Sr. Contract Underwriter

Merchants Bonding Company•Fulton, MD

10d•$110,000 - $140,000•Hybrid

About The Position

The Senior Contract Underwriter manages complex accounts, drives high-quality underwriting decisions, and strengthens agency relationships. This role requires sound judgment, strategic influence, and the ability to present both risk and opportunity clearly. Associates are expected to mitigate objections, support team development, and represent the company with confidence and professionalism.

Requirements

Bachelor’s degree preferred.
Backgrounds in business, finance, accounting, economics, or related disciplines are highly relevant.
Minimum of 5 years of experience in surety underwriting or a related financial/risk evaluation role.
Proven ability to underwrite complex accounts, manage agent relationships, and apply judgment under ambiguity.

Responsibilities

Evaluates complex contract surety submissions and makes informed decisions within underwriting authority, using sound judgment while regularly collaborating with peers to strengthen decision quality.
Analyzes contractor financials, project schedules, and broader market conditions to assess risk.
Prepares and presents underwriting recommendations, providing a clear rationale and proposed path forward.
Leads relationship strategy for assigned agencies.
Conducts onsite visits, presentations, and strategic planning meetings with producers and key agency personnel.
Develops new agency relationships through prospecting, referral, and industry engagement.
Gathers and communicates market insights, shaping underwriting approach at the territory or regional level.
Mentors and provides informal guidance to other underwriters on case analysis and relationship handling.
Collaborates with managers and peers to refine underwriting practices and solve challenges.
Participates in cross-functional projects, pilots, and initiatives that support innovation and operational improvement.