Senior Commercial Surety Underwriter

2 weeks ago


Chicago, Illinois, United States Berkshire Hathaway Specialty Insurance Full time
Position Overview

About Us:
Berkshire Hathaway Specialty Insurance (BHSI) stands as a premier insurance provider, delivering a comprehensive array of commercial property, casualty, and specialty insurance solutions, coupled with exceptional service to clients and brokers globally. As part of Berkshire Hathaway's esteemed insurance division, we leverage our reputable brand, robust financial standing, and the expertise of our dedicated global team to offer unparalleled capabilities and integrity.

Our organization is grounded in core values such as respect, integrity, excellence, collaboration, and passion. We celebrate diversity in backgrounds, experiences, and viewpoints, striving to cultivate an inclusive workplace that empowers every team member to excel. We are united in our mission to foster a culture where each individual is acknowledged and has the opportunity to contribute meaningfully.

Job Opportunity:

BHSI is seeking a seasoned Senior Underwriter specializing in Commercial Surety. This role will oversee regional commercial surety operations and is ideally suited for candidates in major metropolitan areas, although other locations may be considered.

The Senior Underwriter will engage in the assessment of accounts, including the evaluation of new business prospects, credit quality analysis, and the application of underwriting expertise to formulate sound decisions regarding terms, conditions, and pricing strategies. This position entails being a market-facing representative, responsible for the expansion and development of the Commercial Surety line within the designated region. Additionally, the Senior Underwriter will play a pivotal role in establishing and nurturing relationships with brokers and clients.

Key Responsibilities:

  • Manage the underwriting process for the commercial surety portfolio
  • Conduct credit evaluations for new business and oversee the existing portfolio
  • Expand and enhance the commercial surety portfolio
  • Build and maintain relationships with brokers and clients
  • Review RFPs, contracts, and bond forms for complex projects in the non-contract commercial surety domain
  • Formulate and implement marketing strategies
  • Willingness to travel within the assigned territory

Qualifications and Skills:

  • A minimum of 5 years of experience in commercial surety underwriting
  • Proficient in credit assessment
  • Strong negotiation capabilities
  • Ability to thrive in a collaborative team environment
  • Exceptional verbal and written communication skills
  • Experience in managing and collaborating with retail brokers
  • Bachelor's degree or equivalent professional experience

What We Offer:

  • A competitive compensation package with growth opportunities for career-focused individuals
  • A dynamic and thoughtful work environment dedicated to ethical practices for our clients, teammates, and stakeholders
  • A non-bureaucratic culture that values simplicity and emphasizes individual excellence within a team framework

Note: Compensation will be commensurate with experience. This job description is not exhaustive and may evolve to meet the organization's ongoing needs.



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