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UFG Insurance · 1 day ago

Sr Surety Underwriter

Seattle, WA

Full-time

Onsite

Senior Level

$103K/yr - $136K/yr

5+ years exp

UFG Insurance is hiring for a Sr. Surety Underwriter who will build and maintain a profitable mix of new and existing surety business by developing strong relationships with the agency force. The role involves underwriting complex submissions, assessing risks, and overseeing a book of contract surety business while meeting production and profitability goals.

Financial ServicesInsurance

Hiring Manager

Meghan Larsen, PHR

Responsibilities

Demonstrate successful growth of business independently and responsibly utilize the higher authority granted

Underwrite more complex submissions independently

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

Instruct, assign, and review work completed by support staff

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

Qualification

Surety underwritingFinancial analysisRelationship managementAFSB designationBusiness administrationEconomicsFinanceAccountingCustomer serviceContinuing educationTeam leadershipCommunication skills

Required

Bachelor's degree, or combination of education and surety experience

5+ years of contract surety underwriting experience

Must have a valid and current drivers' license and must have acceptable driving record in accordance with Company practice

Demonstrate strong analytical skills to evaluate risks for acceptability within their higher authority and company underwriting parameters

Independently Underwrite more complex submissions

Make regular agency visits and calls to assess growth and profitability of agents in their territory

Prospect and appoint new quality agents in the territory

Visit current and potential contractor's place of business to better assess acceptability and quality of the accounts