Senior Underwriter - Surety

MSIG USA continues to grow! 

Company Overview:

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.

As a Surety Home Office Underwriter at MSIG USA, you will play a key role in supporting the profitable growth, underwriting quality, and operational effectiveness of our Surety portfolio. This position serves as a home office underwriting resource, providing technical underwriting support, reviewing referrals, monitoring portfolio performance, and helping ensure consistent application of underwriting guidelines and best practices. You’ll work closely with Surety underwriters, field offices, brokers, and internal partners to support sound underwriting decisions and responsive service.

This is a part-time, benefits-eligible position scheduled for 30 hours per week.

Essential Functions:

• Evaluate and provide guidance on surety underwriting referrals, including credit, financial, indemnity, bond form, and program considerations within assigned authority
• Analyze financial statements, work-in-progress schedules, credit information, ownership structures, and other underwriting information to assess account and transaction risk
• Support both Contract and Commercial Surety underwriting, including new business, renewals, account changes, and individual bond requests
• Review bond forms, agreements, and other surety documents to identify material underwriting, legal, or operational considerations and coordinate with appropriate internal resources when necessary
• Assist in the development, interpretation, and consistent application of surety underwriting guidelines, authorities, procedures, and risk appetite
• Monitor portfolio trends and underwriting results to help identify concentrations, emerging risks, and opportunities for profitable growth
• Support underwriting audits, file reviews, authority administration, and other home office underwriting controls
• Partner with field underwriting teams on complex accounts and transactions, providing technical guidance and helping develop appropriate underwriting structures
• Collaborate with Claims, Legal, Operations, Finance, Reinsurance, and other internal teams on matters affecting the Surety portfolio
• Assist with the development and maintenance of underwriting tools, templates, forms, procedures, and training materials
• Support training and professional development initiatives for Surety underwriting personnel
• Maintain accurate and complete underwriting documentation in accordance with internal standards and applicable requirements
• Contribute to special projects, process improvements, and other Surety Home Office initiatives as assigned

Qualifications:

• Bachelor’s degree preferred.
• 10+ years prior surety underwriting experience, with experience in Contract Surety, Commercial Surety, or both.
• Experience with surety underwriting principles, including financial analysis, credit assessment, indemnity, and bond obligations.
• Experience analyzing financial statements and other credit information.
• Commitment to ongoing professional development and surety industry education
• Strong analytical and problem-solving skills with excellent attention to detail.

Other Skills and Abilities:

• Knowledge of surety bond forms, underwriting documentation, and industry practices.
• Sound judgment and ability to evaluate complex underwriting issues and communicate recommendations clearly.
• Excellent written and verbal communication skills.
• Strong interpersonal skills and ability to collaborate effectively with underwriting, operations, and other internal stakeholders.
• Ability to manage multiple priorities effectively in a part-time work schedule.
• Proficiency in Microsoft Office Suite and ability to learn internal underwriting systems.

Work Schedule:

• This is a part-time position scheduled for 30 hours per week. The position is eligible for employee benefits in accordance with applicable MSIG USA benefit plans and policies.

SALARY: The estimated salary range for this position is $150,000.00 - $220,000.00 per year. This is a good-faith assessment of the salary range for this position only. In determining the actual salary within this range, MSIG USA will consider a candidate’s relevant experience, location, and other job-related factors.

Additional Benefits:  

• Healthcare and Retirement Benefits
• Comprehensive medical, dental, and vision coverage
• 401(k) with a generous employer match and profit-sharing contribution
• Wellness incentive program
• Life and accidental death and dismemberment (AD&D) insurance
• Flexible spending programs
• Short-term and long-term disability plans

Additional Benefit Programs

• Paid time off program
• Paid charitable leave
• Paid parental leave
• Tuition reimbursement program
• Personal insurance (auto/homeowners) discounts

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!  

It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.