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    Underwriter or Senior Underwriter - Dover, United States - CapSpecialty

    CapSpecialty
    CapSpecialty Dover, United States

    3 weeks ago

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    Description
    Medical, Dental, Vision,Open Vacation Plan; Matching 401(k); Co. Paid Life Ins, STD, LTD; Generous Paid Sick & Family Bonding Leave; Tuition & Educational Reimbursements
    Underwriter or Senior Underwriter – Surety
    Mid-Atlantic Region (MD, VA, DE, PA, DC, WV)
    Want to join an exciting and collaborative company that offers competitive compensation and benefits packages – including an innovative open vacation plan, fully vested matching 401k, professional and educational growth opportunities, flexible and casual work environment, and recognition for exceptional performance?
    CapSpecialty seeks a self-motivated,

    Surety Underwriter

    or

    Senior Underwriter , to add to its experienced, team-oriented staff.

    This individual will generate a profitable Surety Book of Business through underwriting business in the assigned territory, building working relationships with agents and co-workers, and by participating in account underwriting and manager's meetings.


    Responsibilities include:
    Independently produce more complex accounts/programs from startups to Fortune 500 account types.

    Analyze all facets of a financial statement and forecast the future impact the financial results will have on any account within its industry.

    Independently compile all underwriting information to assess overall risk, making a sound credit decision w/appropriate pricing, collateral, or other security.

    Approve and maintain good accounts for profitability by underwriting new submissions, renewals, and credit drawers.
    Research and generate new business leads & independently develop business relationships, cultivating them through strong customer service. Articulate CapSpecialty's risk appetite & business philosophies to assigned agents/brokers.
    Determine necessary underwriting guideline changes by investigating and reporting on bond claims and losses.

    Demonstrate daily leadership skills in a professional manner through training and mentoring the team in underwriting concepts and corporate philosophies.

    Exhibit understanding of the "big picture" and overall goals of our organization. Review and respond to recommendations of underwriters, guiding them to learn more in depth principles of underwriting to enable career advancement ( Sr. UW Role)

    .

    Participate in the account underwriting meetings to assist in the approval of large risks and the establishment of departmental policies and procedures.

    Participate in off-site training seminars to develop knowledge and skills.
    Perform industry networking by participating in agency functions and visits.

    Education & Experience:
    Bachelor's Degree or equivalent.
    3 to 5 years direct underwriting experience

    (2-3 years for Underwriter role)
    Completed or working towards an Associate in Fidelity and Surety Bonding (AFSB) designation.
    Knowledge of bonds, procedures, and rates
    Knowledge of specified territory including agency plant, accounts, competition, and general business climate. Working knowledge of CapSpecialty's reinsurance treaty (ies) and limitations.
    Ability to utilize MS Office software and communicate effectively, both verbally and in writing.
    Ability to effectively collaborate in a team environment, while working independently.
    Advanced ability to analyze all facets of a financial statement and tie together all statements including the statement notes.

    Advanced knowledge of the application of both vertical and horizontal financial trending (i.e., liquidity, profitability, and debt coverage ratios, etc.) to forecast the future impact the financial results will have on any account within its industry.

    Ability to analyze and demonstrate thorough understanding of credit as it relates to the risk.

    CapSpecialty is a leading provider of specialty insurance and bonds for small- to mid-sized businesses in the U.S., offering commercial Casualty, Professional Liability, Surety and Fidelity products in all 50 states and the District of Columbia.

    By working with select partners through a limited distribution model, CapSpecialty's creative, hard-working team provides personalized service and cultivates mutually successful partnerships to deliver positive results.

    CapSpecialty's carriers have an A ("Excellent") rating from A.M.

    Best, writing both admitted and non-admitted policies on the paper of Capitol Indemnity Corporation, Capitol Specialty Insurance Corporation and Platte River Insurance Company – Berkshire Hathaway companies.

    For more information please visit .
    Local Time is 26-Apr :58 PM Job Map

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