Job title: Large Contract Surety Executive Underwriter/Territory Manager | New York City
Job type: Permanent
Emp type: Full-time
Industry: Insurance
Functional Expertise: Underwriter
Location: New York, NY
Job published: 08/27/2024
Job ID: 118745

Job Description

As a Large Contract Surety Executive Underwriter/Territory Manager, you will be responsible for underwriting large and complex surety bond accounts while managing and growing a designated territory. You will develop and maintain relationships with agents, brokers, and clients to achieve profitable underwriting results. This role requires a deep understanding of surety products, market conditions, and a strategic approach to territory management.

 

 

Salary/Benefits

 

  • $170k-185k +/year (based on experience)
  • PTO time
  • 401k

 

Job Description

 

  • 50% Business Development/50% Underwriting
  • Work and develop existing agents, appointing agents
  • Over $5M in single accounts; and over $10M in aggregate accounts
  • Analyzes quality and quantity of risks underwritten and prepares reports accordingly.
  • Accurately evaluates complex risk exposures and ensures review of financial statements, credit reports, bank and other underwriting documents.

 

Requirements

 

  • Minimum of 7-10 years of experience in contract surety underwriting, with a focus on large and complex accounts.
  • Strong knowledge of surety products, underwriting principles, and market conditions.
  • Excellent analytical skills with the ability to assess financial statements and risk factors.
  • Exceptional communication, negotiation, and relationship management skills.
  • Ability to work independently and make sound decisions in a fast-paced environment.
  • Proficiency in underwriting software and Microsoft Office Suite.

 

 

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