Contract Surety Bonds Underwriting Manager

Contract Surety Bonds Underwriting Manager

Requirements

• Bachelor’s Degree or equivalent experience
• Master’s in Business Administration (MBA) preferred but not required
• 6+ years of related experience
• Progression toward certification in area of expertise preferred; appropriate certifications could include Associate in Surety and Fidelity Bonding (AFSB), Certified Public Accountant (CPA) and/or Registered Professional Liability Underwriter (RPLU)

Responsibilities

• Has responsibility for low to moderately complex risk selection/rejection, pricing, retention, growth, and profitability within scope of authority and per divisional objectives
• Uses independent judgment and initiative to support business goals
• Maintains a high level of customer service
• Receives and analyzes submissions and determines terms to offer (policy limits, credit limits, deductibles, coverage options and conditions, work programs, etc.)
• Prices business in accordance with company guidelines
• May conduct investigations of new and existing accounts through business owners (banks, owners, creditors, debtors, architects, engineers, criminal record checks, on-site visits, etc.)
• Assesses risk quality and compliance within company guidelines
• Orders and analyzes miscellaneous business reports needed in the rating and underwriting processes, including credit checks, bank agreements, financial statements, and underwriting surveys
• Makes recommendations on risks over authority
• Enters, maintains and monitors accounts using underwriting, analysis, and desktop systems
• Prepares effective internal and external communications on underwriting issues
• Develops and maintains effective business relationships with internal and external customers/coworkers in order to attract and retain profitable business
• Visits producers and principals in order to retain existing accounts, build and maintain business relationships, and develop new opportunities in support of divisional objectives
• Interprets, explains, and markets products and services
• Applies underwriting rules and guidelines, rating manual rules, and insurance laws and regulations
• May provide guidance and assistance to lower level associates
• May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports
• Performs other duties as assigned

Preferred Qualifications

• Progression toward certification in area of expertise preferred; appropriate certifications could include Associate in Surety and Fidelity Bonding (AFSB), Certified Public Accountant (CPA) and/or Registered Professional Liability Underwriter (RPLU)