Senior Commercial Surety Underwriter

About The Role:

Underwrite and manage an assigned territory within the Continental U.S. Overall responsibilities include approving all commercial and commercial contract surety bonds within your authority, managing agency relationships and appointments, marketing for new business, budgeting and strategic planning for the territory/region, receivable collections and, through the use of financial and qualitative analysis, achieve minimum loss ratio and maximum profitability for the Division.

Essential Responsibilities:

• Ensure profitable underwriting decisions through appropriate financial analysis to determine the feasibility of providing surety credit.
• Perform analysis on annual and internal financial statements and review other relevant credit information for new and existing accounts.
• Analyze new account submissions for all commercial agents in the assigned territory.
• Maintain current underwriting files in accordance with the Swiss Re Surety Group Procedure Manual for Commercial Surety.
• Enhance existing agency relationships, identify and secure new agency relationships and terminate agent relationships that do not meet company revenue and profit objectives. Schedule regular meetings with established agents.
• Establish revenue goals and monitor losses for assigned region
• Maintain a strong working relationship with the Claims Division and review all losses with Claims.
• Assist the Regional Manager in developing one to three year territory strategic plan.
• Assist the SVP – Commercial Surety with internal audits on a monthly basis or as necessary.
• Plan and manage regular meetings with agents, attend group functions, large account meetings and Swiss Re Corporate Solutions Surety Group regional meetings as required.
• Manage any special projects as delegated by the SVP- Commercial

About You:

• Bachelor's Degree with emphasis in business, preferably finance or accounting, or, the following years of relevant experience in commercial surety underwriting
  • 10+ years to be considered for Branch Manager level
  • 7-10 years to be considered for Senior Underwriter level
  • 3-5 years to be considered for Underwriter level
• Strong marketing skills and ability to obtain new business and work with commercial clients.
• Strong competency in quantitative and financial analysis.
• Effective written and verbal communication skills.
• Competent computer skills including knowledge of Excel and Word.
• Ability to travel up to 35%.

The estimated base salary range for this position ( in the USA ) is $156,000 to $246,000. The specific salary offered for any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget. At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-and long-term incentives, and benefits offered), in setting individual compensation. Swiss Re has a hybrid work model where the expectation is that you will be in the office three days per week.