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Contract Surety Underwriting Consultant (Hybrid/Remote)

Remote:

Full Remote

Salary:

145 - 199K yearly

Experience:

Mid-level (2-5 years)

Work from:

United States

Offer summary

Qualifications:

Expert knowledge in contract surety underwriting, Strong negotiation, marketing, and sales skills, Bachelor’s degree and 5-10 years experience, Proficiency in Microsoft Office and underwriting systems.

Key responsabilities:

Underwrite new and renewal business
Manage financial performance and underwriting quality
Develop relationships with producers and accounts
Analyze trends to best position the business

Intact Insurance Specialty Solutions Insurance Large https://www.intactspecialty.com/

1001 - 5000 Employees

See more Intact Insurance Specialty Solutions offers

Job description

Job Description

We currently have an opportunity for a Contract Surety Underwriting Consultant to join our Contract Surety team in Northern California, Southern California or Denver, CO. The assigned territory will be based on the location of the hire. The position underwrites risks including the selection and rejection of new and renewal business for contract surety accounts within the highest underwriting authority levels. Develops and executes strategic initiatives that contribute to the growth and profitability for a book of business in an assigned territory. Focus is typically on new business production and middle market account management. Develops superior working relationships with producers to successfully promote achievement of mutual growth and profitability goals. Viewed as a senior resource and may act as a technical expert for a particular line of business. Acts as a coach or mentor to junior members of the department.

Responsibilities

Maximizes opportunities for underwriting profitable new and renewal business, as appropriate based on market conditions, by leveraging business relationships, product knowledge and underwriting acumen. Develops and maintains an active target account list tracking prospects and account rounding and/or missed opportunities. Manages financial performance of all assigned products in assigned territory including: accident year loss ratio, premium plans (including new business, retention, and rate/exposure increases), and commission targets.
Underwrites a book of business. Manages underwriting quality and book management. Executes underwriting strategy, including portfolio management, self-audits of new and renewal business and well documented approvals of underwriting edits. Ensures compliance with standards and assigned underwriting authorities.
Demonstrates a strong understanding of exposures and key coverage issues. Makes underwriting decisions to accept, decline, or modify risks within the highest production underwriter authority levels. Implements underwriting decisions in compliance with state laws.
Develops superior working relationships with producers to successfully promote achievement of mutual growth and profitability goals and to supply the appropriate products and services. From a sales perspective, has the ability to identify gaps in coverage and/or services, understands where the company can make a difference based on those gaps and uses that information to help retain or obtain a customer. Works closely with and establishes strong business partnerships with other departments, including claims, actuary, and risk control staff in an effort to better service producers and accounts.
Regularly travels to key producers/accounts and remains highly visible in the marketplace. Anticipates the needs of the agency plant, analyzes trends, and implements proactive strategies that best position the business. Understands and communicates the company’s underwriting appetite and generates qualified business in support of that appetite. Monitors agency action plans and participates in agency planning and marketing meetings to best position the business for the future.
Gathers and analyzes competitor information and producer specific reports on assigned producers’ new business flow, retention, profitability and potential, to support territorial rate reviews. Works with other underwriting staff to determine and make recommendations for marketing, pricing, products and systems.
Maintains a strong professional knowledge of competitive, regulatory and legal environments and applies this information effectively. Responds to requests for assistance or consultation from other company businesses or Home Office staff and may participate on related projects and committees as a subject matter expert. May participate in industry events as a subject matter expert and representative of the company.
Mentors and coaches less experienced underwriters. Develops and leads technical training and provides guidance to other departments within the company, as needed.

Requirements:

Expert knowledge of technical underwriting, pricing, and coverage issues. Must be a proven self-starter with strong multi-tasking and relationship management skills. Must have superior negotiation, marketing and sales skills.
Must have strong analytical, decision making, problem-solving, communication, presentation, listening, and organizational skills. Must be able to work both independently and as a highly collaborative member of a team. Must be proficient with Microsoft Office suite and electronic underwriting systems.
Must maintain strong professional knowledge of legislative issues, industry trends and marketplace issues for the line of business within the territory. Must be able to work in a fast pace and rapidly changing environment.
Must be able to act as coach and mentor to junior members of the department. Must possess a high and extensive level of technical knowledge and skills including product and industry.

Education and Experience:

Bachelor’s degree or equivalent experience.
5-10 years of progressively more complex, contract surety underwriting experience.
Professional insurance designation is preferred (AFSB, CPCU)

Our salary ranges are determined by many factors including location, role, experience and skillset of the candidate. The following ranges displayed reflect the target base salary for new hires but your recruiter will share more specific compensation information with you during the hiring process. The typical base salary range for this position is: $145,000 – $194,000, based on the factors aforementioned. For candidates located in San Francisco, CA; Hoboken, NJ; and the New York City metro area, the base salary range is $169,000 -$199,000. In addition to base salary, full time Intact employees are also eligible for bonus potential and a full range of benefits to include: 401(k) savings and annual contributions of up to 12% of annual salary, competitive paid time off programs, medical, vision and dental plans, mental health support programs, life and disability insurance, paid parental leave and a variety of voluntary benefits.

Job Number

2589BR

Division

Intact Surety Group

Location

Los Angeles CA

Location(s)

California, Denver CO, Los Angeles CA, Remote, San Francisco CA

About Us

At Intact Insurance Specialty Solutions we are experts at what we do. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that’s aligned to our targeted customer groups. Today, we help protect over a dozen industries with tailored coverages and services.