Senior Commercial Surety Underwriter - Bonds Division at American Family Insurance Group

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

(None specified in the job description)

Responsibilities

Leads the evaluation and underwriting of new and renewal business, ensuring alignment with Company underwriting guidelines and risk appetite
Reviews and evaluates complex financial statements, credit reports, and business operations of applicants
Determines coverage and sets terms, conditions, and pricing by evaluating the applicant’s financial capacity, past performance, and risk factors
Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance
Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations
Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation
Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers
Stays updated on industry trends, regulatory changes, and market conditions
Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business
Interprets, explains, and promotes products and services to drive market growth
Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes
May have responsibility for performance

Skills

Key technologies and capabilities for this role

Surety UnderwritingFinancial Statement AnalysisCredit AnalysisRisk AssessmentUnderwriting GuidelinesRegulatory CompliancePolicy RenewalsBusiness Relationship Management

Questions & Answers

Common questions about this position

Is this position remote, and where is it located?

This is a remote opportunity specifically for the New York, New Jersey, and Pennsylvania areas.

What is the salary for this Senior Commercial Surety Underwriter role?

This information is not specified in the job description.

What are the key responsibilities of this role?

The role involves leading the evaluation and underwriting of new and renewal business, reviewing complex financial statements and credit reports, determining coverage and pricing, collaborating with stakeholders, ensuring compliance, and maintaining business relationships.

What is the company culture like at Great American Insurance Group?

The company combines a 'small company' culture with 'big company' expertise, valuing diversity and inclusion.

What experience is needed to succeed in this underwriting position?

Strong candidates will have expertise in evaluating complex financial statements, credit reports, business operations, and risk factors, along with experience in surety underwriting, regulatory compliance, and building relationships with agents, brokers, and clients.