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 position develops and executes a marketing plan and performs and monitors risk analysis. It analyzes, evaluates, accepts or declines, rates, quotes, and binds new submissions, with greater ownership and accountability for reviewing complex sources of profit and selecting appropriate risks. The role analyzes and binds new or renewal submissions with high premium or risk exposure, builds relationships with agents, reinsurers, and contacts, and reviews complex submissions, account losses, pricing models, and profitable premiums. It may also assist with special projects or other duties as needed.
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 determine 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.
- Consistently maintain complete, organized files for audits, with documentation that makes underwriting judgment and pricing readily understandable.
- Demonstrate initiative, work ethic, and 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 or 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.
- Select appropriate risks when reviewing complex sources of profit.
- 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 of 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 a 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.
- Employees typically earn a bonus upon successful completion of approved courses and certifications.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
