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Senior Underwriter, Surety

Chubb

Senior Underwriter, Surety

full-timePosted: Aug 7, 2026Updated: Aug 29, 2026Minneapolis, MN, United States

Job Description

The Senior Surety Underwriter’s primary responsibility is to underwrite individual surety risks through a demonstration of the following skills and abilities:Fundamental Surety Underwriting. Ability to underwrite surety credits which generate a profit for the Company while meeting the needs of the customer.Risk Assessment. Ability to identify risk exposures, analyze contracts and bond forms. Ability to analyze and differentiate risks on an account specific basis. Manage underwriting meetings with customers to understand operations and internal controls.Financial proficiency. Sophisticated understanding of financial statements and ratios used in surety underwriting. Understanding of the impact of underwriting decisions on company results. Ability to understand credit risk.Actuarial fundamentals. Ability to understand loss trends, loss triangles, and ratemaking. Ability to quantify risk based on experience history and forecasting methods.Marketing and communications. Ability to build relationships, internally and externally, to grow the book of business to achieve bottom line profitability for the Company. Ability to make presentations and communicate articulately. Ability to base communications on strategic thinking. Ability to manage producer strategy.Systems and programs. Ability to use systems and software programs needed to conduct daily business. Major Duties & Responsibilities:Marketing and prospecting for new business, primarily through travelling throughout the assigned territory. Travel expectations 10-25% with flexible territory options.Documents the underwriting filesDetermines terms and conditions and complex rating plansHandles more complex files and portfoliosGuides and mentors junior staff Knowledge of surety industryKnowledge of underwriting concepts, practices, and proceduresStrong organization skillsMicrosoft Word, Excel, and OutlookInternet usageOral and written communication skillsNegotiation skillsMarketing skillsBasic leadership skillsDedication to providing great customer service Education & Experience:Bachelor’s degree in accounting, finance, economics, or marketing preferred3+ years surety underwriting experienceAchieved or working towards achieving the AFSB (Associates in Fidelity and Surety Bonding) designation

Locations

  • Minneapolis, MN, United States
  • Overland Park, KS, United States
  • Minneapolis - Carlson Pkwy

Skills Required

  • surety industryintermediate
  • underwriting conceptsintermediate

Required Qualifications

  • Knowledge of surety industry (experience)
  • Knowledge of underwriting concepts, practices, and procedures (experience)
  • Strong organization skills (experience)
  • Microsoft Word, Excel, and Outlook (experience)
  • Internet usage (experience)
  • Oral and written communication skills (experience)
  • Negotiation skills (experience)
  • Marketing skills (experience)
  • Basic leadership skills (experience)
  • Dedication to providing great customer service (experience)
  • Bachelor’s degree in accounting, finance, economics, or marketing preferred (degree in accounting)
  • 3+ years surety underwriting experience (experience, 3 years)
  • Achieved or working towards achieving the AFSB (Associates in Fidelity and Surety Bonding) designation (experience)

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