Senior Underwriter, Surety

3 weeks ago


Miami, Florida, United States Sompo International Holdings Ltd Full time
Job Description

We are seeking a highly skilled Senior Surety Underwriter to join our team at Sompo International Holdings Ltd. As a leading provider of insurance and reinsurance, we recognize the importance of our employees in driving our success.

Our values of integrity, collaboration, agility, execution, and excellence underpin our culture and commitment to providing an exceptional employee experience. We strive to attract and engage the best talent in the industry, offering diverse, innovative, and driven professionals a range of career and development opportunities.

Our compensation and benefits programs are market-driven and competitive, with excellent family-friendly policies and flexible working provisions. We offer a comprehensive benefits package, including medical, dental, vision, and 401(k) retirement savings plan, as well as paid time off and parental leave benefits.

The successful candidate will have a strong knowledge of surety underwriting, techniques, national/local filing regulations, and guidelines. They will be able to build and grow a profitable book of business and pipeline for future business, uncover customer needs, position specific solutions, handle objections, and close deals.

Responsibilities
  • Underwrite risks in a book of commercial business, developing and nurturing agency and broker relationships across our growing Surety operation.
  • Review submissions and financial requirements to determine acceptability of risk in accordance with guidelines and standards.
  • Understand pricing components and rating methodology, as well as the use of predictive modeling tools to price risk based on financial and competitive analysis.
  • Use all appropriate underwriting tools, disciplines, and knowledge of strategies to ensure underwriting guidelines are followed.
  • Manage assigned portfolio to achieve gross written premium, profitability, rate, retention, product mix, new business, and portfolio management goals.
  • Develop producer relationships to build pipeline, agency intelligence, and drive performance to meet and exceed results.
Requirements
  • Bachelor's degree preferred.
  • Minimum 5-7 years of Surety Underwriting Experience.
  • Strong knowledge of surety underwriting, techniques, national/local filing regulations, and guidelines.
  • Ability to build and grow a profitable book of business and pipeline for future business.
  • Ability to uncover customer needs, position specific solutions, handle objections, and close deals.

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