ApplyCommercial Surety Transactional Underwriter
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💎 Seniority level: Middle, 3 years
📍 Location: United States
🔍 Industry: Insurance
🏢 Company: gaig_external
⏳ Experience: 3 years
🪄 Skills: SQLData AnalysisCommunication SkillsAnalytical SkillsMicrosoft ExcelCustomer serviceMicrosoft OfficeAccountingRelationship managementRisk ManagementFinancial analysisCustomer support
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.
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