Senior Bond Underwriter (Hybrid)
About The Position
Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years. Employees are empowered and encouraged to Be Uniquely You by being their true, unique selves and contributing their diverse talents, experiences, and perspectives to our shared success. Together, we are a high-performing team working to serve our customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs. Evaluate complex risks by performing credit and financial analysis of bond contracts. Complete underwriting on new business and renewal contracts. Provide advanced technical guidance to agents regarding various underwriting information, including cross-selling other company products and services. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.
Requirements
- Excellent analytical skills; oral and written communication skills.
- Must have a keen knowledge of Suretyship and the ability to interpret product and laws.
- Must have knowledge of PC adaptation of software applications.
- Ability to work both independently and in a team environment.
- 2-4 years of underwriting experience or equivalent related work experience (credit modeling, accounting, financial statement analysis, construction, etc.)
Nice To Haves
- College degree preferred.
Responsibilities
- Perform financial and statistical analysis of complex bond submissions, utilizing company systems.
- Resolve challenging bond issues through telephone, written correspondence and/or personal contact with agents, insureds and/or internal employees.
- Independently make decisions on bond submissions for new business and for renewals within delegated authority levels.
- Develop and present underwriting recommendations, as required, to management.
- Ensure adequate pricing of individual risks through proper classification, accuracy of information and adherence to company bond policies, procedures, standards and philosophy and all applicable rate filings.
- Processes renewal form letters, status inquiry reviews and revisions.
- Participate in agency marketing visits and underwriting meetings.
- Promote company products and services.
- Provide guidance to agents, policy holders, and other internal personnel regarding technically challenging bond situations in office or on a regional level.
- Keep abreast of industry-related legal and regulatory information, issues and decisions that effect the bond department.
- Recommend changes in bond policies or procedures which would benefit the department and the company.
- Act as a proactive advisor to management and other bond personnel on bond issues.
- Mentor and/or train less experienced underwriters and trainees.
Benefits
- competitive base salary
- incentive plan eligibility
- comprehensive health care plans
- retirement savings plan with company match
- discounted Employee Stock Purchase Program
- tuition assistance and reimbursement programs
- 20 days of paid time off
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
Associate degree
