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UFG Insurance · 1 week ago

AVP - Contract Surety Underwriting

United States

Full-time

Remote

Director/Executive

$215K/yr - $230K/yr

15+ years exp

UFG Insurance is currently seeking an AVP - Contract Surety Underwriting who will be responsible for leading the Contract Surety Underwriting function. This role involves managing authority levels, establishing underwriting best practices, and fostering growth for underwriting teams across the US.

Financial ServicesInsurance

Responsibilities

Responsible for deployment of underwriting strategy. Utilize relationship building and analytical skills to support the strategy and drive growth across the surety portfolio

Review of existing credit oversight & authority levels; make changes as required

Review status of all open job postings and plans including recruitment; prioritize and focus efforts

Forecast, set, and monitor goals with underwriting managers

Oversee underwriting guidelines, proactively revising as needed

Develop business plan specific to each of the primary surety segments with VP and surety leadership team

Review of agency compensation models for market relevancy and operating performance

Ensure adherence to underwriting guidelines, rules, regulations and the UFG Way of underwriting

Establish cadence and enhance processes for business planning and marketing strategy

Project premium for the surety underwriting at least quarterly

Drive expense management across various regions in alignment with goals for the surety unit

Stay abreast of industry information regarding competition, pertinent laws and legal occurrences, rates, underwriting trends, etc., and pass this information on to the staff

Ensure UFG Surety offers service that is amongst the top in our industry

Review and make recommendations on filings for various states, including rates, commissions, rules, and programs

Visit agents to update them on products, ensure marketing materials state our intended purpose, resolve problems, solicit new agents, etc

Qualification

Surety underwriting experienceConstruction industry knowledgeFinancial statement analysisLeadership skillsNegotiation skillsPresentation skillsCommunication skillsProblem solving skillsOrganizational skillsRelationship building

Required

Bachelors' degree

15+ years of surety underwriting experience

Strong understanding of the construction industry is essential as well as a thorough understanding of financial statements and overall surety practices

Strong attention to detail and focused on the delivery of high-quality work

Relationship, leadership, negotiation and presentation skills

Strong communication skills, both oral and written, to answer questions and communicate company expectations to agents, co-workers and staff

Must be able to assist others in building and maintaining relationships with agency force to produce a growing and profitable book of business

Strong creative problem solving and analytical skills, with the ability to manage workloads and meet timelines

Promote good image for the Company and provide best in class service

Must have good negotiation skills and be able to successfully deal with people in a tactful and diplomatic manner

Must be self-starting, organized and able to work autonomously

Must be able to switch rapidly from one situation to the next

Ability to hire, train, develop, mentor, and grow a professional surety team (underwriters, support staff and others)