Head of Surety Underwriting
This is a hybrid position requiring 3 days in office at our Hartford office location.
At CapSpecialty, we are a specialty underwriting company driven by well-informed, entrepreneurial, and proactive employees. Come join our exciting company where you can really make an impact, and each individual's unique skills and talents are recognized and valued. You will find an accessible leadership team that welcomes opinions and ideas. We owe much of our success to our collaborative environment and a set of three guiding principles rooted in customer-centricity, employee excellence, and corporate culture.
We offer competitive compensation and benefits packages – including an innovative open vacation plan, generous paid sick and parental leave, fully vested matching 401k, company-paid group term life insurance, and short- & long-term disability plans, professional and educational growth opportunities, flexible and casual work environment, and recognition for exceptional performance. Please see our full list of Total Rewards here.
CapSpecialty is seeking a Head of Surety Underwriting who will oversee all underwriting activity and standards, manage reinsurance relationships, and provide ongoing training across the organization.
Duties/Responsibilities:
- Help the field underwriters produce good business, including meeting with key brokers and customers.
- Oversee all underwriting activity across all commercial and small construction programs. Establish and maintain underwriting standards, guidelines, and rate adequacy.
- Chair the Credit Committee.
- Manage reinsurance relationships including treaty programs and special acceptances.
- Provide individualized training and group training on an ongoing basis.
- Work with Claims and Legal on manuscript indemnity requests and contract reviews.
- Keep abreast of developments in the surety industry through participation in NASBP, NAIS, and SFAA.
- Contribute to a team effort as part of the management team.
Supervisory Responsibilities:
Direct supervision of a Senior Underwriting Manager. Indirect supervision of all surety field underwriting operations.
Core Competencies:
- Strong financial analytical skills.
- Deep surety knowledge across bond forms, statutes, contract language, and other surety-related legal concepts.
- Strong training and mentoring skills.
Education and Experience:
- Bachelor's degree in Business, Finance, or equivalent.
- At least 10 years of management and underwriting experience in the Surety industry.
Physical Demands:
- Prolonged periods of sitting at a desk and working on a computer.
- May be required to lift up to 10 lbs. at times.
- Some travel required (up to 25%).
CapSpecialty is a leading provider of specialty insurance and bonds for small- to mid-sized businesses in the U.S., offering 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 is an operating subsidiary of Berkshire Hathaway, and its carriers have an A ("Excellent") rating from A.M. Best, writing both admitted and non-admitted policies. For more information, please visit CapSpecialty.com.
Apply today!
Equal Employment Opportunity Employer
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