In this paper, Fe-Cr-C-N-Al-Y wear-resistant surfacing alloy was prepared by open arc surfacing with self-shielded flux-cored wire. The wear properties of the surfacing alloy were analyzed by MLS-23 rubber wheel wet sand wear tester. The phase composition and microstructure of the surfacing alloy were analyzed by XRD, SEM, EBSD and TEM, and the strengthening mechanism and wear mechanism of the alloy were discussed. The results show that the microstructure of Fe-Cr-C-N-Al-Y surfacing alloy is composed of M + γ-Fe + M7C3 + AlN. When the content of nano-Y2O3 is 0.456wt. %, the formability of the surfacing alloy is the best and the wetting angle is the smallest, which is 50.8°, AlN and M7C3 precipitate the most, and the microstructure grain is the smallest. At this time, the hardness value of the surfacing alloy is up to 62.3 HRC, which is 11.8 % higher than that of the unmodified surfacing alloy. The minimum wear weight loss is 0.125 g, and the wear resistance is increased by 41.86 %. The wear mechanism of surfacing alloy is mainly plastic deformation mechanism, and the material removal process is micro cutting and furrow wear.