Surety - State Agent - Large Contract

Cincinnati Financial•Birmingham, AL

16h•Hybrid

About The Position

At The Cincinnati Insurance Companies, we put people first and apply the Golden Rule to our daily operations. To put this into action, we’re looking for extraordinary people to join our talented team. Our service-oriented, ethical, knowledgeable, caring associates are the heart of our vision to be the best company serving independent agents. We help protect families and businesses as they work to prevent or recover from a loss. Share your talents to help us reach for continued success as we bring value to the communities we serve and demonstrate that Actions Speak Louder in Person®. If you’re ready to build productive relationships, collaborate within a diverse team, embrace challenges and develop your skills, then Cincinnati may be the place for you. We offer career opportunities where you can contribute and grow. Our Large Contract Surety department is currently seeking an experienced Surety field underwriter for the State of Alabama.

Requirements

Skills, traits & behaviors: develop and maintain positive, constructive relationships with agents and associates, communicate effectively, verbally and in writing, support and be responsive to the needs of team members (production assistants, underwriting assistants, support underwriters, underwriting managers and others), make efficient use of time (seek or accept help, as needed or appropriate, from HQ team members), be organized, adaptable, follow through and deliver on commitments, take responsibility for results
Knowledge: possess good, foundational knowledge of: contractors and the construction industry, bond obligations and contracts, construction accounting and analysis, evaluation and extension of surety credit, definition and management of programs, rates and rate filings/procedures, underwriting and administrative tools and procedures
Bachelor's Degree in Business Admin. with a concentration in Finance or Accounting

Nice To Haves

experience from another carrier

Responsibilities

Establish relationships with agencies and producers: classify agencies according to surety volume/potential, develop and execute visit plan, promote retention and growth of contract surety
Develop and maintain book of business to achieve growth and profit objectives: secure and review credit report(s), analyze financials and Work in Process, bond forms and contracts, conduct meetings with agents and contractors, evaluate bond and/or program requests against a contractor’s experience and financial capacity and in relation to underwriting guidelines and authority, document results of meetings, discussions and analysis via email, memos, diagnose and recommend solutions to basic underwriting issues, approve, decline, or recommend course of action, communicate underwriting decisions and monitor compliance with conditions
Data & database activities: enter agency and contractor visits into Outlook calendar, enter submissions into EDM/ Submission Log and update the log in relation to submission activity and status, manage program limits and status via Excel workbooks
Other/Miscellaneous: operate consistent with Surety Field Best Practices, manage EDM records in accordance with company policy, know the dynamics of the market and serve as a resource regarding local market conditions, developments, and practices, work with agents and HQ to facilitate entry of premium, cooperate with and provide input to Claims, pursue educational and/or learning opportunities (e.g., AFSB) as may be available or recommended