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Senior Specialty Underwriter 

About the Organization AmTrust Financial Services, Inc., (Nasdaq: AFSI) headquartered in New York City, is a multinational insurance holding company, which, through its insurance carriers, offers specialty property and casualty insurance products, including workers' compensation, commercial automobile and general liability; extended service and warranty coverage. For more information about AmTrust, visit, or call AmTrust toll-free at 866.203.3037.  
Position Senior Underwriter  
Location ANY, Remote  

Responsible for underwriting and servicing non-standard contract and subdivision surety bond submissions. Also is responsible for business development through marketing calls and participation in industry associations and functions.  Duties include but are not limited to:

  • Reviews bond submissions from independent surety agents for complex non-standard contract and subdivision accounts. 
  •  Underwrites assigned accounts, programs and individual bond requests within higher level of authority as designated by company guidelines.
  • Performs complete analysis of financial statements, credit references, prior account history, work in process schedules, and related surety data.
  • Prepares portions of underwriting financial data worksheets for reporting contract and subdivision bonds. 
  • Submits business to Home Office for approval over his/her underwriting authority as well as the branch authority level.
  • Promotes business development through marketing calls on agents, clients, and attendance at industry functions.
  • Identifies potential new agents and producers, promotes company to this group.
  • Reviews and recommends approval or denial for bonds beyond assigned underwriting authority.
  • Evaluates general indemnity agreements for completeness and accuracy. 
  • Monitors and controls assigned Power of Attorney agents.
  • Evaluates collateral, credit reports, performs reference checks and verifies data with accounting professionals (e.g., CPA) and banks.
  • Trains underwriters and underwriting assistants regarding underwriting and procedural guidelines and requirements.
  • Recommends new agents and producers for company appointment.
  • Updates and maintains underwriting bond files, including work-in-progress, credit and reference information.
Position Requirements
  • Bachelors Degree from a college or university is required, preferably in business administration, finance or in a related field
  • 10+ years relevant surety company underwriting experience.
  • Performs multi-tasks under pressure, analyzes complex and diverse information.
  • Relevant specialty underwriting experience required.
  • Experience with funds control as a risk mitigation tool. Experience with job cost accounting a plus.
  • Familiarity with the use of real estate collateral to support the extension of surety credit. General knowledge of real estate collateral evaluation and procedures for taking real estate collateral throughout the continental United States helpful.
  • Familiarity with the various bond guarantee programs used as risk mitigation support for small businesses.
  • Familiarity with programs targeting minorities, women-owned businesses, and disadvantaged veterans.
  • Familiarity with reinsurance treaty requirements, overline submissions, cut-thru’s and similar documentation.


Open Date 10/31/2014  
Full-Time/Part-Time Full-Time  
Req Number INS-14-00177  
Number of Openings 1  

This position is currently not accepting applications.

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