Senior Commercial Surety Underwriter – Bonds Division
| Company | American Financial Group |
|---|---|
| Location | Philadelphia, PA, USA, Newark, NJ, USA, New York, NY, USA |
| Salary | $115250 – $157250 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior |
Requirements
- Bachelor’s Degree in Finance, Economics, Business, or a related field or equivalent experience
- Generally, 5 or more years of underwriting, finance, banking, or related experience
- Continuing progress toward and/or the completion of a professional designation preferred but not required, such as Associate in Fidelity and Surety Bonding (AFSB), Chartered Property Casualty Underwriter (CPCU), Certified Public Accountant (CPA), and/or Registered Professional Liability Underwriter (RPLU)
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 and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports
- Performs other duties as assigned
Preferred Qualifications
- Advanced analytical, risk assessment, and problem-solving skills
- Strong understanding of financial statement analysis and risk management
- Excellent communication and interpersonal skills
- Advanced negotiation and decision-making ability