Surety Senior Account Underwriter

Westfield Insurance • Detroit, MI

129d

About The Position

The Surety Senior Account Underwriter is responsible for marketing, underwriting, processing and servicing surety business as assigned or within a defined territory. They develop and underwrite profitable surety business by visiting assigned agencies or services offices and serve as subject matter expert, working with other bond personnel on selected contract accounts, including various financial and workload analysis. The role serves as underwriting contact for agency personnel by responding to agent inquiries, assisting in the development and delivery of agency training, monitoring compliance objectives, and supporting decision making on acceptance or decline of bonds within established authority.

Requirements

• 3+ years of surety experience.
• Bachelor's degree in related field and/or commensurate work experience.
• Valid driver's license and a driving record that conforms to company standards.

Responsibilities

• Handles the responsibility for marketing, underwriting, processing, and servicing surety business within a defined territory.
• Provides guidance on the underwriting process while collecting all necessary information for new and existing bond contracts, contacting the client or broker if necessary and drawing up a legal and financial analysis of the file to deciding on this proposition or submitting it to the competent decision level.
• Makes timely and competent decisions on acceptance or declination of bonds within established authority.
• Submits/makes recommendations for approval of assigned risks more than authority.
• Visits agencies or service offices to develop and underwrite profitable business or assist in resolving problems.
• Communicates effectively and builds relationships with agents, agency clients, other Service Office and Home Office personnel on all business-related situations.
• Provides technical assistance to leader on selected accounts, including financial analysis, conducting inquiries and verifications, transmittal of information, and requests for approval.
• Assists in training activities related to underwriting, marketing, and processing surety business for less experienced bond personnel.
• Meets or exceeds goals and standards by ensuring accuracy, completeness, and procedural consistency of assigned files and the operation of reporting, processing and filing systems for all bonds produced by assigned agents or service offices.
• Works closely with Surety Lead Account Managers and continue skill development, implements best practices, and makes decisions regarding underwriting, processing and service.
• Develops knowledge of local markets and creates and increases business contacts/ network in assigned market area.
• Travels as often as needed including regular utilization of assigned fleet vehicle in order to cover assigned territory.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree