Sr Surety Underwriter

Seattle, OR - USA

Yearly Salary: $ 103222 - 136105

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

UFG is hiring for a Sr. Surety Underwriter who isactively working towards building and maintaining a profitable mix of new and existing surety business by developing and maintaining strong working relationships with the agency force. 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 contractors place of business to better assess acceptability and quality of the accounts.

The ideal candidate will be located in one of the following locations: Washington Oregon or Idaho.

Essential Duties & 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.

Job Specifications:

Education:

Bachelors degree or combination of education and surety experience.
Bachelors degree in business administration economics finance or accounting preferred.

Certifications/Designations:

Certified or working towards AFSB designation.
Must have a valid and current drivers license and must have acceptable driving record in accordance with Company practice.
Employees are expected to participate in continuing education throughout their careers.

Experience:

5 years of contract surety underwriting experience.

Working Conditions:

General office environment.
Up to 25% of travel is required by accompanying surety representatives to visit agency force and contract accounts. Overnight trips included.
May be exposed to weather conditions and/or results and debris of adverse weather conditions during agency/contract visits.

Pay Transparency Statement:

UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $103222 - $136105 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.

This pay range disclosure is provided in accordance with applicable state and local pay transparency laws.

Required Experience:

Senior IC

UFG is hiring for a Sr. Surety Underwriter who isactively working towards building and maintaining a profitable mix of new and existing surety business by developing and maintaining strong working relationships with the agency force. Demonstrate strong analytical skills to evaluate risks for accepta...