Underwriter - Surety

MSIG USA•Warren Township, NJ

1d•$110,000 - $150,000

About The Position

MSIG USA, the US-based subsidiary of MS&AD Insurance Group Holdings, is seeking a Surety Underwriter to support the growth and profitability of its Surety portfolio. The role evaluates new and existing surety accounts, analyzes financial and credit information, and builds strong relationships with brokers and agents. The underwriter works with experienced Surety team members to develop underwriting solutions, build a profitable book of business, and provide responsive service to distribution partners.

Requirements

Bachelor’s degree required.
At least 3 years of commercial underwriting experience required.
Experience with surety underwriting principles, bond forms, indemnity agreements, contractual obligations, and risk-mitigation techniques.
Experience applying financial and credit analysis to surety underwriting decisions, including assessment of financial strength, creditworthiness, working capital, cash flow, and overall account risk.
Experience working with brokers and agents to evaluate submissions, negotiate underwriting terms, and support profitable business development.
Knowledge of applicable underwriting guidelines, authority levels, documentation standards, and legal and regulatory requirements.
Excellent written and verbal communication skills.
Proficiency in Microsoft Office Suite and ability to learn internal systems.
Commitment to ongoing professional development and surety industry education.
Ability to evaluate credit risk and make well-reasoned underwriting decisions within assigned authority.
Ability to assess account structure, aggregate exposure, bond programs, and material changes in financial or operational risk.
Strong analytical and problem-solving skills, with attention to detail.
Sound judgment and ability to make well-reasoned underwriting decisions.
Effective interpersonal, relationship-building, and negotiation abilities.
Ability to manage multiple accounts and priorities while delivering timely, responsive service.

Nice To Haves

Surety underwriting experience is strongly preferred.

Responsibilities

Evaluate and underwrite new and existing surety accounts and bond requests within assigned authority, following company underwriting guidelines and risk appetite.
Analyze financial statements, credit information, work-in-progress schedules, business plans, ownership structures, and other information to assess principals’ financial strength and creditworthiness.
Evaluate account exposures and determine appropriate underwriting terms, conditions, limits, indemnity, and other risk-mitigation measures.
Review bond forms, contracts, and supporting documents to understand underlying obligations and identify unusual or material risk considerations.
Prepare clear, well-supported underwriting recommendations and refer accounts or transactions that exceed assigned authority.
Develop and maintain relationships with brokers and agents through regular communication, account reviews, and responsive service.
Identify opportunities for profitable new business and expansion of existing surety relationships.
Monitor existing accounts for changes in financial condition, business operations, bonded exposure, and other developments that may affect company risk.
Maintain accurate and complete underwriting documentation according to company standards and applicable requirements.
Collaborate with Surety team members and internal partners, including Claims, Legal, Operations, Finance, and Reinsurance, as appropriate.
Develop technical knowledge of surety products, underwriting principles, industry practices, and relevant legal and regulatory requirements.
Contribute to special projects and team initiatives as assigned.