About the Role
The Surety Underwriter is responsible for underwriting a portfolio of surety bond business in accordance with established company guidelines and risk appetite. This role involves evaluating applications, analyzing financial and credit data, and building relationships with agents and clients to develop quality business. The ideal candidate will have 3–5 years of surety or P&C underwriting experience and a strong working knowledge of the New York market.
Responsibilities
- Underwrite, review, and evaluate new and renewal surety bond submissions, including contract and commercial risks
- Analyze financial statements, credit reports, and other relevant data to determine risk acceptability and pricing
- Develop and maintain agent, broker, and client relationships to drive new business and retention
- Issue quotes, binders, policies, and endorsements within designated authority levels
- Ensure compliance with company underwriting guidelines, authority levels, and regulatory requirements
- Negotiate terms and conditions of coverage in collaboration with internal stakeholders
- Collaborate with claims, accounting, and other departments to ensure high-quality service
- Provide timely and accurate communication to agents, clients, and internal colleagues
- Stay informed of market trends, industry issues, and competitor activity in the surety space
- Contribute actively to process improvements and strategic initiatives
Requirements
- 3–5 years of direct surety or property & casualty underwriting experience, with a focus on surety bonds strongly preferred
- Strong analytical and financial evaluation skills
- Demonstrated customer service and relationship-building skills
- Excellent attention to detail and organizational skills
- Proficiency with Microsoft Office Suite; experience with insurance management/underwriting systems a plus
- Bachelor’s degree in Business, Finance, Insurance, or related field (or equivalent work experience)
- In-depth knowledge of surety principles, underwriting practices, and regulatory guidelines
- Eligibility to work in the United States; New York residency preferred
Skills
- Surety underwriting
- P&C underwriting
- Financial analysis
- Credit analysis
- Relationship building
- Customer service
- Attention to detail
- Organization
- Microsoft Office Suite
- Insurance management systems
- Underwriting systems
- Surety principles
- Underwriting practices
- Regulatory guidelines
Location
- New York
Work Type
- Full-time
Experience Level
- 3-5 years
Education Level
- Bachelor's degree in Business, Finance, Insurance, or related field (or equivalent work experience)
- Associate in Fidelity and Surety Bonding (AFSB)
- Chartered Property Casualty Underwriter (CPCU)
Salary/Compensations
- $115,000.00 - $130,000.00
Benefits
- First class training and development opportunities
About the Company
- Starr is a global leader in commercial insurance with over a century of expertise.
- We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide.
- We operate in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex.
- We are a rapidly growing company that invests in its people and their ability to drive real progress.
Equal Opportunity
- Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic.
- We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees.
- We aim to grow our own talent and bring out the best in people.
