Senior Underwriter, Contract Surety, Remote
About The Position
The Senior Underwriter is accountable for underwriting Contract Surety products in an assigned territory in support of the Contract Surety business plan. The role contributes to new business, renewal retention, pricing, and profitability, and reports directly to the Regional UW Director. The Senior Underwriter partners with the Regional UW Director to foster agency and broker relationships and develop a profitable book of business. The role develops and manages a book of Contract Surety business with select brokers and agents, evaluating submissions and risks, determining terms, and maintaining customer relationships. It includes visiting producers and principals to retain accounts, survey exposures, build relationships, and develop new business opportunities. The position is remote and requires travel and a valid driver's license.
Requirements
- At least 6 years of Contract Surety experience.
- Bachelor’s degree or equivalent.
- Strong communication skills to build and leverage customer relationships and market products.
- Sales mindset and ability to create and follow through on pipeline opportunities that contribute to new business goals and budget objectives.
- Excellent communication, interpersonal, and presentation skills.
- Ability to think analytically about business problems, make recommendations, and propose solutions.
- High-energy, self-starting, resilient approach and entrepreneurial spirit.
- Solid time, organizational, and desk management skills.
- Goal-oriented mindset and ability to deliver on goals and objectives.
- Microsoft Office experience and ability to learn new applications.
- Travel and a valid driver's license are required.
Nice To Haves
- Bachelor’s degree preferably in Business, Finance, Accounting, or a related field.
Responsibilities
- Select or reject risks and manage pricing, retention, growth, and profitability within assigned authority and divisional objectives.
- Receive and analyze submissions, assess risk quality, and determine terms in accordance with company guidelines.
- Apply underwriting rules and guidelines, rating manual rules, and insurance laws and regulations.
- Make recommendations on risks that exceed the role's authority.
- Enter, maintain, and monitor accounts using underwriting, analysis, and desktop systems.
- Use independent judgment and initiative to support business goals.
- Prepare effective internal and external communications regarding underwriting issues.
- Develop a Contract Surety book of business with select brokers and agents and maintain customer relationships to attract and retain profitable business.
- Visit producers and principals to retain existing accounts, survey exposures, build relationships, and develop new opportunities in support of divisional objectives.
Benefits
- Competitive compensation package.
- Generous 401(k) employer match.
- Employee Stock Purchase Plan with employer matching.
- Generous paid time off.
- Benefits focused on physical, mental, and financial wellbeing, including health, dental, and vision coverage.
- Tuition reimbursement, industry-related certifications, and professional training.
- Matching donation program, volunteer opportunities, and employee-driven corporate giving program.
- Potential participation in discretionary equity-based compensation and/or performance-based variable pay programs.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
