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 Underwriter at MSIG USA, you will play a key role in supporting the growth and profitability of our Surety portfolio. This position focuses on evaluating new and existing surety accounts, analyzing financial and credit information, and developing strong relationships with brokers and agents. You’ll work closely with experienced members of the Surety team to develop underwriting solutions, build a profitable book of business, and provide responsive service to our distribution partners.

Essential Functions:

• Evaluate and underwrite new and existing surety accounts and bond requests within assigned authority, ensuring alignment with company underwriting guidelines and risk appetite
• Analyze financial statements, credit information, work-in-progress schedules, business plans, ownership structures, and other relevant information to assess the financial strength and creditworthiness of surety principals
• Evaluate account exposures and determine appropriate underwriting terms, conditions, limits, indemnity, and other risk-mitigation measures
• Review bond forms, contracts, and supporting documentation to understand the underlying obligation and identify unusual or material risk considerations
• Prepare clear and well-supported underwriting recommendations and refer accounts or transactions exceeding assigned authority as appropriate
• Develop and maintain strong relationships with brokers and agents through regular communication, account reviews, and responsive service
• Identify and pursue opportunities for profitable new business and expansion of existing surety relationships
• Monitor existing accounts for changes in financial condition, business operations, bonded exposure, and other developments that may affect the company's risk
• Maintain accurate and complete underwriting documentation in accordance with company standards and applicable requirements
• Collaborate with other Surety team members and internal partners, including Claims, Legal, Operations, Finance, and Reinsurance, as appropriate
• Develop technical knowledge of surety products, underwriting principles, industry practices, and relevant legal and regulatory requirements
• Contribute to special projects and team initiatives as assigned

Qualifications:

• Bachelor’s degree required.
• 3+ years of commercial underwriting experience required; surety underwriting experience strongly preferred.
• Experience with surety underwriting principles, bond forms, indemnity agreements, contractual obligations, and risk-mitigation techniques.
• Experience applying financial and credit analysis to surety underwriting decisions, including assessment of financial strength, creditworthiness, working capital, cash flow, and overall account risk.
• Experience working with brokers and agents to evaluate submissions, negotiate underwriting terms, and support profitable business development.
• Knowledge of applicable underwriting guidelines, authority levels, documentation standards, and legal and regulatory requirements.
• Excellent written and verbal communication skills.
• Proficiency in Microsoft Office Suite and ability to learn internal systems.
• Commitment to ongoing professional development and surety industry education.

Other Skills and Abilities:

• Demonstrated ability to evaluate credit risk and make well-reasoned underwriting decisions within assigned authority.
• Ability to assess account structure, aggregate exposure, bond programs, and material changes in financial or operational risk.
• Strong analytical and problem-solving skills with attention to detail.
• Sound judgment and an ability to make well-reasoned underwriting decisions.
• Effective interpersonal, relationship-building, and negotiation abilities.
• Ability to manage multiple accounts and priorities while delivering timely and responsive service.

SALARY: The estimated salary range for this position is $110,000.00 - $150,000.00 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.