Sr Surety Underwriter

UFG Career•Seattle, WA

13d

About The Position

UFG is hiring for a Sr. Surety Underwriter who is actively working towards building and maintaining a profitable mix of new and existing surety business by developing and maintaining strong working relationships with the agency force. Demonstrate strong analytical skills to evaluate risks for acceptability within their higher authority and company underwriting parameters. Independently Underwrite more complex submissions. Make regular agency visits and calls to assess growth and profitability of agents in their territory. Prospect and appoint new quality agents in the territory. Visit current and potential contractor’s place of business to better assess acceptability and quality of the accounts. The ideal candidate will be located in one of the following locations: Washington, Oregon or Idaho. Essential Duties & 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 the 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. Handles all confidential information with discretion. Provide high quality customer service in all interactions with internal and external customers. Request underwriting information from agencies. 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.

Requirements

Bachelor’s degree, or combination of education and surety experience.
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.
Employees are expected to participate in continuing education throughout their careers.

Nice To Haves

Bachelor’s degree in business administration, economics, finance or accounting preferred.
Certified, or working towards, AFSB designation.

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 the 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.
Handles all confidential information with discretion.
Provide high quality customer service in all interactions with internal and external customers.
Request underwriting information from agencies.
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.