Senior Underwriter

About Us:

Headquartered in New York City with offices throughout the U.S. and in Vancouver, Canada, Hudson is a market-leading specialty insurer that offers a wide range of property and casualty insurance products to corporations, professional firms and individuals through retailers, wholesalers and program administrators.

Hudson underwrites specialty primary and excess insurance on an admitted basis through Hudson Insurance Company and on a non-admitted basis through Hudson Specialty Insurance Company and Hudson Excess Insurance Company. Hudson Insurance Company is admitted in all U.S. jurisdictions. Hudson has surplus lines eligibility in all U.S. jurisdictions through Hudson Specialty Insurance Company and Hudson Excess Insurance Company.

Collectively known as Hudson Insurance Group, its companies are rated A (Excellent) by A.M. Best, Financial Size Category XV. Hudson Insurance Group is the U.S. Insurance Division of Odyssey Group, a leading worldwide underwriter of reinsurance and specialty insurance and wholly owned by Fairfax Financial Holdings Limited.

Position Description: We are seeking a highly skilled and experienced Senior Surety Underwriter in the Surety division to join our team.  The ideal candidate will bring 5-15 years of Contract Surety underwriting experience, possessing a deep understanding of all aspects of underwriting.  This position requires exceptional verbal and written communication skills, as well as a willingness to travel to meet with agents and build strong relationships.   The Senior Surety Underwriter will play a critical role in assessing risk, making underwriting decisions, and contributing to our commitment to profitability and success.

Skills, Knowledge and Abilities:

• Evaluate, analyze, and underwrite Contract Surety submissions.
• Collaborate with Surety agents to gather pertinent information about principals and projects.
• Conduct comprehensive risk assessments, leveraging quantitative and qualitative data to support underwriting decisions.
• Maintain and update electronic underwriting files on your accounts.
• Develop and maintain strong relationships with agents, clients, and industry partners through regular travel and in-person meetings.
• Prepare and present underwriting recommendations to management, ensuring clarity and justification for decisions made.
• Manage existing book of Surety business to minimize loss exposure.
• Stay informed of market trends, economic factors, and regulatory changes impacting the Surety landscape.
• Provide mentorship and support to junior underwriters, fostering a culture of learning and professional development within the team.
• Participate in strategic initiatives aimed at enhancing profitability and operational efficiency within the Surety division.

Education/Experience:

• Bachelor’s degree and 5-15 years of Contract Surety underwriting experience, with a proven track record of successful underwriting decisions.
• Strong analytical skills, with the ability to interpret business and personal financial statements, WIP reports, and assess the creditworthiness of businesses in multiple industries.
• Existing Surety agent relationships.
• Excellent interpersonal, negotiation, and communication skills, with the ability to engage effectively with agents, clients, and colleagues at all levels.
• Willingness to travel frequently to meet with agents and forge strong professional relationships.
• Ability to work independently and manage multiple priorities in a fast-paced environment.
• Proficient in underwriting software and Microsoft Office Suite, with strong attention to detail and organizational skills.
• A professional designation such as CPCU or AFSB is a plus, but not required.

The pay range for this role is $80,000 - $190,000. The specific offer will depend on an applicant’s skills and other factors.

We are an E-Verify employer - all hired positions require successfully passing an E-Verify Check.  

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