Underwriter - Surety jobs in United States
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CapSpecialty · 1 day ago

Underwriter - Surety

positionCalifornia, United States
timeFull-time
remoteHybrid
seniorityEntry, Mid, Senior Level
money$82K/yr - $118K/yr
date1+ years exp

CapSpecialty is a leading provider of specialty insurance and bonds for small- to mid-sized businesses in the U.S. They are seeking an Underwriter for their West Coast Surety Team to generate profitable commercial Surety & Fidelity business by managing the book of business through underwriting assigned territory and building working relationships with agents and co-workers.

Financial ServicesInsuranceReal Estate
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Culture & Values
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H1B Sponsor Likelynote

Responsibilities

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
Demonstrate leadership skills in everyday business environment by training and mentoring underwriting team in underwriting concepts & corporate philosophies. Exhibit understanding of the “big picture” and overall goals of our organization. Review and respond to recommendations of Underwriters, working with them to help them learn more in depth principles of underwriting to advance in their respective careers
Determine what underwriting guideline changes are needed by investigating and reporting on bond claims and losses
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 leadership skills
Perform industry networking by participating in agency functions and visits

Qualification

Bond analysisFinancial statement analysisUnderwriting experienceAFSB designationMS Office proficiencyCredit analysisContractsIndemnity agreements knowledgeTeam collaboration

Required

Bachelor's Degree, or equivalent
1+ years of direct underwriting experience
Bond analysis skills, including an understanding of procedures and rates, as well as knowledge of specified territory including agency plant, accounts, and competition and general business climate
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
Fundamental ability to analyze all facets of a financial statement and tie together all statements including the statement notes
Fundamental knowledge on how to apply 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
Understanding of contracts and statutes
Fundamental understanding of indemnity agreements

Preferred

Completed or working towards an Associate in Fidelity and Surety Bonding (AFSB) designation

Benefits

Competitive compensation and benefits packages
Innovative open vacation plan
Generous paid sick and parental leave
Fully vested matching 401k
Company-paid group term life insurance
Short- & long-term disability plans
Professional and educational growth opportunities
Flexible and casual work environment
Recognition for exceptional performance

Company

CapSpecialty

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CapSpecialty a full inventory of specialty lines, including commercial property, casualty, fidelity, surety and professional lines.
dateFounded in 1959
location
Middleton, Wisconsin, USA
people-size201-500 employees
web-link
https://www.capspecialty.com/

H1B Sponsorship

CapSpecialty has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (7)
2024 (2)
2023 (1)
2022 (5)
2021 (2)

Funding

Current Stage
Growth Stage
Total Funding
unknown
2002-01-01Acquired

Leadership Team

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Adam Sills
President and CEO
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Ryan Byrnes
Chief Financial Officer
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Company data provided by crunchbase