Technical Contract Surety Underwriting Manager - Northeast Territory
About The Position
Under general oversight, this role supports administration of the company’s underwriting structure and underwrites and monitors accounts and account lines. The manager develops and executes a marketing plan and performs and monitors risk analysis. Responsibilities include analyzing, evaluating, accepting, declining, rating, quoting, and binding new or renewal submissions, with greater ownership and accountability for reviewing complex sources of profit and selecting appropriate risks. The role builds relationships with agents, reinsurers, and other contacts; reviews complex submissions, account losses, pricing models, and profitable premiums; and may assist with special projects. Candidates typically have a bachelor’s degree in a related field and at least seven years of related experience, or an equivalent combination of education and experience. RLI’s total rewards package includes compensation, benefits, and employee ownership. The listed base pay range is $107,960 to $157,352. Benefits and perks include incentive and profit-sharing programs, paid time off, flexible and hybrid work arrangements, health and insurance benefits, and professional development opportunities.
Requirements
- Typically requires a bachelor's degree in insurance, finance, risk management, business, or a related field, or equivalent education and experience.
- Minimum of 7+ years of related experience for consideration, or equivalent level of education and experience.
- Ability to know proper sign-off and exercise correct underwriting judgment in most cases.
- Thorough understanding of internal product processes and demonstrated understanding of loss rating and credibility.
- Working toward building and maintaining a profitable book of business.
- Consistently maintain complete, organized files for audits, with documentation that makes underwriting judgment and pricing readily understandable to reviewers.
- Demonstrate initiative and work ethic reflecting a high level of understanding and commitment to the underwriting process.
Responsibilities
- Support administration of the company’s underwriting structure.
- Underwrite and monitor accounts and account lines.
- Develop and execute a marketing plan.
- Perform and monitor risk analysis.
- Analyze, evaluate, accept, decline, rate, quote, and bind new or renewal submissions with high premium or risk exposure.
- Build strong relationships with agents, reinsurers, and contacts.
- Review complex submissions, account losses, pricing models, and profitable premiums.
- Review complex sources of profit by selecting appropriate risks.
- Assist with special projects or other duties as needed.
- Build and maintain a profitable book of business.
Benefits
- Annual bonus plans
- Employee stock ownership plan (ESOP)
- 401(k) with automatic 3% company contribution
- Annual 401(k) and ESOP profit-sharing contributions, up to 15% of eligible earnings
- Paid time off and holidays
- Paid volunteer time off
- Parental and family care leave
- Flexible and hybrid work arrangements
- Fitness center discounts and free virtual fitness platform
- Employee assistance program
- Medical, dental, and vision benefits
- Flexible spending and health savings accounts
- Group life and AD&D insurance equal to 2x base salary
- Voluntary life, critical illness, and accident insurance for purchase
- Short-term and long-term disability benefits
- Training and certification opportunities
- Tuition reimbursement
- Education bonuses
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What This Job Offers
Job Type
Full-time
Career Level
Manager
