Commercial Surety Transactional Underwriter

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Requirements:

• Bachelor’s Degree or equivalent experience.
• Field of Study: Finance, Accounting or a related discipline
• Generally, a minimum of 3 years of related experience.
• Beginning coursework 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:

• Underwrites and services existing small to mid-size financial accounts.
• Has responsibility for risk selection/rejection, pricing, retention, 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 credit reports, online filings, criminal records etc.
• Assesses risk quality and compliance within company guidelines and industry loss ratios.
• 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 analysis system.
• Develops and maintains effective business relationships with internal and external customers/coworkers in order to attract and retain profitable business.
• Provides production support to field personnel through interacting with the producers/insureds assisting in marketing calls and participating in underwriting/production calls.
• Applies underwriting rules and guidelines, rating manual rules, and insurance laws and regulations.
• Performs other duties as assigned.