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Builders · 5 months ago

Surety Territory Underwriter

Atlanta, GA, USA

Full-time

Hybrid

Mid, Senior Level

5+ years exp

Builders is a mid-sized mutual insurance company known for its strong financial stability and commitment to customer service. The Surety Territory Underwriter is responsible for evaluating, selecting, and pricing surety bond risks while managing a portfolio and fostering relationships with agents and internal teams.

Financial ServicesInsurance

Responsibilities

Review new and renewal submissions, including loss history, to comprehensively assess exposures, determine risk acceptability, set appropriate terms and conditions, and apply pricing based on individual risk characteristics—all in alignment with the company’s underwriting standards and guidelines for each line of business

Contribute to the strategic planning process for the assigned territory by supporting the development of regional goals and objectives; monitor agency performance and recommend improvement plans where appropriate

Exercise sound judgment within assigned authority levels when evaluating risks, setting limits and determining pricing strategies

Implement pricing strategies that reflect individual risk characteristics and recommend enhancements to underwriting practices, policies, and procedures to support the company’s profitability goals

Generate and revise quotes for independent agents, actively pursue new business opportunities, and work toward meeting established sales and growth targets. Effectively manage a portfolio of accounts to maintain performance within acceptable loss ratio thresholds by line of business

Establish and maintain productive, collaborative relationships with agents, serving as a primary point of contact and delivering prompt, professional support to address inquiries and resolve issues for agents, policyholders, and prospects

Provide training and guidance to agents on company systems, tools, and underwriting practices to enhance efficiency and ensure alignment with underwriting expectations

Collaborate cross-functionally with internal departments to support agency relationships and drive mutual success

Leverage underwriting expertise to assess recommendations from internal teams and ensure appropriate handling of accounts under review

Review and respond to technical correspondence with professionalism, clarity, and accuracy

Engage in ongoing professional development to remain current on industry trends, evolving market conditions, and competitor strategies

Perform other duties as assigned

Qualification

Insurance underwritingSurety bonds knowledgeBondPro proficiencyMicrosoft Office SuiteCustomer service skillsAnalytical skillsProject managementPresentation skillsNegotiation skillsTime managementCollaboration skillsWritten communicationVerbal communication

Required

Bachelor's degree in insurance or related discipline; or equivalent combination of education and/or experience

Five or more years of progressive experience in insurance underwriting, with a strong foundation in policy processing and operational workflows

Knowledge of the construction industry, contract, performance and commercial surety bonds

Skill in building and maintaining effective relationships, with proven ability to collaborate across teams and engage professionally with both internal and external stakeholders

Skill in delivering presentations, providing exceptional customer service, and resolving issues with a solution-oriented approach

Self-motivated and capable of working independently while contributing positively in a team environment; committed to maintaining clear and transparent communication with internal leadership

Skill in analysis, time management, prioritization, negotiation and project management; ability to multi-task effectively while paying attention to detail

Proficient in both verbal and written communication with the ability and commitment to maintain confidentiality

Proficient with BondPro, SuretyCloud, CAM Surety, Surety2000 and Microsoft Office Suite and function specific software applications

Benefits

Competitive Salary

Bonus Structure

Profit Sharing

Medical, Dental, Vision Insurance

Employer Paid Short Term Disability

Employer Paid Long Term Disability

Employer Paid Life Insurance

Voluntary Life Insurance

401K with Company Match

PTO

Company

Builders

Great Place To Work Certified™ | Best Places To Work in Insurance 2024 | Rated A “Excellent” by AM Best | 32+ years strong | Competitive salaries and benefits | Expertise and Compassion INSURANCE BUILT STRONG® We bring peace of mind to businesses, safeguard workers and their families, and invest purposefully back into our communities and team members.

Founded in 1992

Atlanta, Georgia, USA

201-500 employees