Sr Surety Underwriter

About the role

The Sr. Surety Underwriter is responsible for building and maintaining a profitable mix of new and existing surety business by developing and maintaining strong working relationships with the agency force.

Responsibilities

• Demonstrate strong analytical skills to evaluate risks for acceptability within their higher authority and company underwriting parameters.
• Independently Underwrite more complex submissions.
• Evaluate and assess financial status, credit standing, and organization profile to analyze and determine acceptability of the risk within framework of UFG underwriting policies and procedures.
• Develop and maintain strong relationships with agents/brokers.
• Oversee a book of contract surety business within defined territory.
• Meet production, marketing, and profitability goals and develop marketing plan using the territory management tool.
• Upload and update file information electronically and purge obsolete data per department guidelines.
• Handles all confidential information with discretion.
• Provide high quality customer service in all interactions with internal and external customers.
• Request underwriting information from agencies. Review and process information received.
• Perform annual review of accounts including financial analysis, obtaining current bank line of credit letters, preparing profiles, and recommendation of line of authority.
• Create record of communications concerning activities per department standards.
• Provide training, direction, and assistance to underwriters, associate underwriters, and underwriter trainees.
• Stay current on industry information regarding trends, competition, pertinent laws and legal occurrences, etc., and share the information with the department.

Requirements

• Demonstrate successful growth of business independently and responsibly utilize the higher authority granted.
• Underwrite more complex submissions independently.
• Underwrite new submissions and existing accounts with the assistance from mentors.
• Evaluate and assess financial status, credit standing, and organization profile to analyze and determine acceptability of the risk within framework of UFG underwriting policies and procedures.
• Develop and maintain strong relationships with agents/brokers.
• Oversee a book of contract surety business within defined territory.
• Meet production, marketing, and profitability goals and develop marketing plan using the territory management tool.
• Upload and update file information electronically and purge obsolete data per department guidelines.
• Handles all confidential information with discretion.
• Provide high quality customer service in all interactions with internal and external customers.
• Request underwriting information from agencies. Review and process information received.
• Perform annual review of accounts including financial analysis, obtaining current bank line of credit letters, preparing profiles, and recommendation of line of authority.
• Create record of communications concerning activities per department standards.
• Provide training, direction, and assistance to underwriters, associate underwriters, and underwriter trainees.
• Stay current on industry information regarding trends, competition, pertinent laws and legal occurrences, etc., and share the information with the department.

Qualifications

• Bachelor’s degree, or combination of education and surety experience.
• Bachelor’s degree in business administration, economics, finance or accounting preferred.
• Must have a valid and current drivers’ license and must have acceptable driving record in accordance with Company practice.

Skills

• Strong analytical skills.
• Effective communication and relationship-building skills.
• Ability to manage multiple tasks and meet deadlines.
• Proficiency in Microsoft Office Suite.

Benefits

• Annual incentive compensation.
• Medical, dental, vision & life insurance.
• Accident, critical illness & short-term disability insurance.
• Retirement plans with employer contributions.
• Generous time-off program.
• Programs designed to support the employee well-being and financial security.

Pay

The base salary range for this position is $103,222, - $136,105 annually, which represents the typical range for new hires in this role. Individual pay within this range will be determined based on a variety of factors, including relevant experience, education, certifications, skills, internal equity, geography and market data. In addition to base salary, UFG Insurance offers a comprehensive total rewards package that includes:

• Annual incentive compensation.
• Medical, dental, vision & life insurance.
• Accident, critical illness & short-term disability insurance.
• Retirement plans with employer contributions.
• Generous time-off program.
• Programs designed to support the employee well-being and financial security.