Surety Midwest - Underwriter

Frankenmuth Insurance Company

About The Position

Under limited supervision and with significant independent judgment, this role organizes and controls the day-to-day administrative and underwriting activities for an assigned portfolio and/or region for contract and commercial surety. The position involves reviewing agency submittals, initiating the underwriting process, conducting thorough evaluations and assessments, securing credit reports, completing reference checks, and preparing financial and project trend analysis. The Underwriter will also prepare summary recommendations, facilitate the review and approval/declination of bid requests, and communicate with agents and internal staff to perform risk assessments and update financial files. Building and maintaining productive relationships with agents through marketing efforts and education on requirements and appetite is key. The role requires reviewing contract documents to identify potential exposures and risks, crafting appropriate bond form language, and constructing indemnity agreements. Additionally, the Underwriter will advance surety strategy and marketing at industry functions and with the agency plant, and may provide guidance and training to junior staff, as well as input on their performance. The ability to work legally in the United States is a minimum requirement, with no visa sponsorship or support available.

Requirements

Ability to work legally in the United States.
No visa sponsorship/support is available for this position, including for any type of U.S. permanent residency (green card) process.

Nice To Haves

Significant independent judgment.

Responsibilities

Reviews agency submittals for completeness and accuracy, requesting additional information if necessary.
Initiates the underwriting process to make thorough evaluations and assessments in accordance with the standards established for Frankenmuth surety.
Secures all relevant credit reports and completing appropriate reference checks.
Completes all necessary financial and project data entry and prepares financial and project trend analysis.
Prepares summary recommendations for review with supervisor in conformance with company guidelines and models.
Facilitates review and approval/declination of bid requests on assigned accounts.
Communicates with agents and internal staff to collect necessary information to perform risk assessment and update financial files over the course of a fiscal period.
Builds and maintains productive and profitable relationships with agents.
Solicits submissions through marketing efforts, and educating agents on our requirements and appetite.
Reviews relevant contract documents to identify potential exposures and risks to the surety.
Works with the Director, Surety to craft appropriate bond form language and construct the appropriate indemnity agreement.
Advances surety strategy and marketing at various industry functions and with our agency plant.
May provide leadership to junior staff through guidance and training.
May provide input to management regarding junior staff performance.
Performs other duties as assigned.