Our client, an A-rated National P&C Insurance Leader, is continuing to expand their Contract Surety Bond Division and seeking to add an Executive Contract Surety Underwriting Specialist/Territory Manager to the Pacific Northwest region. This person would be responsible for developing and retaining agency relationships, territory/book growth, evaluate risk exposures, review financial statements, credit reports, bank and other underwriting documents. This person would also be able to work remotely!
Contribute to company profitability and minimize losses by proper acceptance or rejection of all types of bonds, primarily contract bonds, and by effectively underwriting a large volume of submissions and the larger submissions presented to the office.
Underwrite new business, select acceptable risks to class and price.
Maintain good agency relations even when rejecting business by tactful handling of the situation.
Act as liaison between agent, contractor, and branch to maintain good public relations and facilitate resolution of underwriting or procedural questions/problems.
Prices business according to company underwriting and pricing guidelines.
Understanding of financial statements and ratios used in risk analysis.
Manage workflow and intricacies of underwriting more complex assigned work, utilizing company tools and systems to meet service level agreements.
Ensure file handling quality and workflow efficiency with a thorough understanding of overall surety strategic direction and operating plans.
Complete agency visits as appropriate to develop new accounts, service existing accounts, review agency performance and enhance agency relationship.
Develop and maintain strong business relationships with agencies, producers and key groups.
Requirements:
7 - 10+ years of Contract Surety underwriting experience
Proven track record of building strong business relationships with agents and insureds
Strong communication, analytical skills, and business acumen
Bachelor's Degree is strongly desired.
Salary/Benefits:
$140,000 to $160,000+ annual base salary plus 15 - 40% Target Bonus
Flex schedule and ability to work remotely
Extremely competitive Medical, Dental, Vision and Life plans
Employer matching 401(k) plan
Generous PTO plan
Employee Stock Purchase Plan with employer matching