Sr Surety Underwriter

UFG Insurance • Philadelphia, PA

72d

About The Position

UFG is currently hiring for a Sr. Surety Underwriter who will actively work towards building and maintaining a profitable mix of new and existing surety business by developing and maintaining strong working relationships with the agency force. The role requires demonstrating strong analytical skills to evaluate risks for acceptability within their higher authority and company underwriting parameters. The underwriter will independently underwrite more complex submissions, make regular agency visits and calls to assess growth and profitability of agents in their territory, and prospect and appoint new quality agents in the territory. Additionally, the underwriter will visit current and potential contractor's places of business to better assess acceptability and quality of the accounts.

Requirements

• Bachelor's degree, or combination of education and surety experience.
• Bachelor's degree in business administration, economics, finance or accounting preferred.
• 5+ years of contract surety underwriting experience.
• Must have a valid and current drivers' license and must have acceptable driving record in accordance with Company practice.

Nice To Haves

• Certified, or working towards, AFSB designation.
• Employees are expected to participate in continuing education throughout their careers.

Responsibilities

• Demonstrate successful growth of business independently and responsibly utilize the higher authority granted.
• Underwrite more complex submissions independently.
• Independently underwrite new submissions and existing accounts with assistance from mentors.
• Evaluate and assess financial status, credit standing, and organization profile to analyze and determine acceptability of the risk within framework of UFG underwriting policies and procedures.
• Develop and maintain strong relationships with agents/brokers.
• Oversee a book of contract surety business within defined territory.
• Meet production, marketing, and profitability goals and develop marketing plan using the territory management tool.
• Upload and update file information electronically and purge obsolete data per department guidelines.
• Handle all confidential information with discretion.
• Provide high quality customer service in all interactions with internal and external customers.
• Request underwriting information from agencies and review and process information received.
• Perform annual review of accounts including financial analysis, obtaining current bank line of credit letters, preparing profiles, and recommendation of line of authority.
• Instruct, assign, and review work completed by support staff.
• Create record of communications concerning activities per department standards.
• Provide training, direction, and assistance to underwriters, associate underwriters, and underwriter trainees.
• Stay current on industry information regarding trends, competition, pertinent laws and legal occurrences, etc., and share the information with the department.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees