Assistant Underwriter - Surety

This is a hybrid position requiring 3 days in office at our Hartford, CT office location.

At CapSpecialty, we are a specialty underwriting company being driven by well-informed, entrepreneurial and proactive employees. Come join our exciting company where you can really make an impact, and each individual's unique skills and talents are recognized and valued. You will find an accessible leadership team that welcomes opinions and ideas. We owe much of our success to our collaborative environment and set of three guiding principles rooted in customer-centricity, employee excellence and corporate culture.

We offer competitive compensation and benefits packages – including an innovative open vacation plan, generous paid sick and parental leave, fully vested matching 401k, company-paid group term life insurance and short- & long-term disability plans, professional and educational growth opportunities, flexible and casual work environment, and recognition for exceptional performance. Please see our full list of Total Rewards here.

CapSpecialty is seeking an Assistant Underwriter for our Surety team who will be responsible for all aspects of assisting in the underwriting process including gathering, screening, analyzing and evaluating information on new and existing accounts as part of the Small Construction Program. Make underwriting decisions within their letter of authority. Make recommendations to Underwriters for accounts outside of authority and provide superior customer service to CapSpecialty partners.

The Assistant Underwriter will also support Surety Department reporting, rate plan, internal auditing and quality procedures.

Duties/Responsibilities:

• Achieve a quality book of business by underwriting new business and renewals within authority to ensure the risk meets underwriting guidelines and all required materials and documents are present before submitting to an underwriter.
• Be a conduit for image-system workflow processes. Ensure timely responses to agents by managing and prioritizing account needs. Support agents by responding to inquiries, assisting with technical and underwriting issues, and providing effective problem solving. Ensure superior customer service by marketing products and being available to deliver support and service for agents and account needs.
• Contribute to team effort and work closely with the bond administration team to meet the company service and quality standards by accomplishing related results and duties as needed.
• Perform other duties as needed that pertains to the specific line of business.
• Assist with defining and updating underwriting guidelines and provide quality assurance support to ensure surety underwriting needs are met.
• Identify and implement process improvements to support efficiency gains across the Surety Underwriting.
• Other duties as requested by the Surety department.

Supervisory Responsibilities:

None.

Core Competencies:

• Knowledge of basic industry concepts and word processing software programs and spreadsheet software.
• Ability to work independently, while working as a part of a team.
• Knowledge of surety concepts and ability to analyze financial information.
• Ability to communicate verbally and in writing, demonstration of a high level of initiative, problem solve, pay attention to detail and meet deadlines.
• Excellent interpersonal and customer service skills.

Education and Experience:

• Associate’s degree, or equivalent
• 2-3 years of surety industry experience in an underwriting support role.

Physical Demands:

• Prolonged periods of sitting at a desk and working on a computer.
• May be required to lift up to 15 lbs. at times.
• May require business travel up to 5%.

CapSpecialty is a leading provider of specialty insurance and bonds for small- to mid-sized businesses in the U.S., offering casualty, professional liability, surety and fidelity products in all 50 states and the District of Columbia. By working with select partners through a limited distribution model, CapSpecialty's creative, hard-working team provides personalized service and cultivates mutually successful partnerships to deliver positive results. CapSpecialty is an operating subsidiary of Berkshire Hathaway, and its carriers have an A ("Excellent") rating from A.M. Best, writing both admitted and non-admitted policies. For more information, please visit CapSpecialty.com.

Apply today!

Equal Employment Opportunity Employer