What are the responsibilities and job description for the Underwriting Manager - Surety position at Core Specialty Insurance Holdings, Inc.?
Key Accountabilities/Deliverables:
- Organically grow a branch contract surety office meeting defined premium goals, loss and expense goals, and profit goals.
- Develop and manage distribution channels, including brokers, agents, and partnerships to expand market reach and drive sales growth.
- Build and develop a high-performing team of surety professionals, providing leadership, mentorship, and support to drive employee engagement, productivity, and retention.
- Champion a customer-centric approach to deliver exceptional service, satisfaction, and value propositions that will differentiate our contract surety team in the marketplace.
- Review and evaluate surety bond applications/submissions to determine risk levels and underwriting terms.
- Analyze financial statements, work-in-process reports, credit reports, and other relevant underwriting documents to assess the financial quality and character of principals and indemnitors for the establishment of surety credit.
- Determine appropriate single and aggregate bond amounts, terms, and conditions based on risk analysis and industry standards.
- Collaborate with brokers, agents, and principals to gather necessary information required for proper analysis of bond risks.
- Keep current on industry trends, regulations, underwriting practices, and competitors.
- Keep abreast of obligee requirements and statutory changes.
- Other projects and tasks as assigned.
- Strong technical contract surety underwriting expertise and financial analysis expertise.
- Excellent analytical and decision-making skills, with the ability to assess complex risks and provide solutions.
- Leadership and team management abilities, with a focus on coaching, development, and performance management.
- Proficiency in underwriting software and tools.
- Effective communication and interpersonal skills, both verbal and written, for building relationships and managing stakeholder expectations.
- Time management and prioritization skills.
- Ability to multi-task and collaborate effectively with others in a high-performance team environment.
- Bachelor’s degree in accounting, finance, business, or related field.
- 7 years in surety underwriting or related field.
- The ability to meet tight deadlines.
- Strong customer service with a professional attitude and approach.
- Demonstrate significant contribution to underwriting profit.
- Experience in delivering presentations to internal and external audiences.
- Experience with employee development, mentoring, coaching and performance management skills.
- Ability to travel as needed, and with short notice.