Commercial Underwriting Associate

Merchants Bonding Company•West Des Moines, IA

21h•Onsite

About The Position

The Commercial Underwriting Associate performs administrative and office support activities for Commercial Surety underwriters. This position assists in the process of writing new bonds and canceling or adjusting existing bonds. The Associate also interacts with independent insurance agents to provide client service.

Requirements

High School Diploma or equivalent
0-4 years of work experience in commercial bond underwriting and/or a commercial bond department.

Responsibilities

Enters new billings into the database.
Enters and/or orders new bonds.
Calculates premiums on bonds.
Sets up billing for bonds.
Compiles all information associated with a bond, validates that the bond has been approved either by a line of credit or an underwriter, and processes billings daily.
As requested, may file Texas notary bonds.
Processes cancellations of and termination changes on existing bonds; reinstates cancelled items.
Processes simple adjustments of existing bonds by rider, including increased and decreased bond amounts, date, general information, and address changes.
Processes items from the approval list.
Processes FCRA letters.
Indexes new tasks in the underwriting queue.
Prepares legal documents, including General Indemnity Agreement.
Sets up diaries.
Processes transfers and cancellations of the books of business for closed or delinquent agents.
Attends and participates in staff meetings as scheduled.
Supports underwriters on underwriting issues, documentation, compliance, and billing.
Using an imaging workflow system, determines those items that need to be handled by an underwriter and forwards them to the appropriate queue for action.
Notifies agents of underwriting requests and assures that information is received on a timely basis.
Creates records on the Website for new accounts.
Maintains Website information regarding approved requests, bond status, and premium adjustments.