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Sr Underwriter – Business Development – Surety – Large Commercial

Sr Underwriter – Business Development – Surety – Large Commercial

CompanyNationwide
LocationChicago, IL, USA
Salary$75500 – $156000
TypeFull-Time
DegreesBachelor’s
Experience LevelSenior

Requirements

  • Undergraduate degree in business or a related field preferred
  • Five years experience in surety underwriting preferred
  • Pursuit of technical insurance coursework such as AFSB is highly desirable
  • Advanced knowledge on all aspects of surety underwriting practices, procedures, policies, and company
  • Excellent interpersonal and sales skills, including ability to make presentations and meet with all levels of agency personnel
  • Ability to build and maintain cooperative and mutually rewarding internal and external partnerships
  • Ability to perform duties with independent judgment with underwriting authority and company underwriting standards
  • Demonstrated decision making ability and strong drive for results

Responsibilities

  • Monitors market conditions, competitive landscape, and confirms information gathered within market space
  • Researches risk, environment and factors necessary to win the account
  • Analyzes quality and quantity of risks underwritten and prepares reports accordingly
  • Accepts, rejects, or modifies new commercial lines business to ensure profitability
  • Prices business according to company underwriting and pricing guidelines
  • Manages workflow and intricacies of underwriting more complex assigned work
  • Key contributor to robust agency business development planning discussions
  • Markets surety products to help drive agency and company results
  • Consults with agents, accounts and internal partners to resolve business issues
  • Effectively communicates with agencies to establish the company as the surety provider of choice for the territory
  • Completes agency visits, as appropriate, to develop new accounts
  • Leads delivery of appropriate customer service levels
  • Ensures that tools, training and support are in place to positively impact success for assigned agencies
  • Proven ability to manage heavy workload effectively and backup other team members as needed

Preferred Qualifications

  • Pursuit of technical insurance coursework such as AFSB is highly desirable
  • Five years experience in surety underwriting preferred