Our Bonds Division is hiring for a Contract Surety Underwriting Manager to be located in our Orange, CA office. This position is a flexible work schedule which involves in-office work and traveling within the assigned territory.
Essential Job Functions and Responsibilities
- Has responsibility for low to moderately complex risk selection/rejection, pricing, retention, growth, 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 business owners (banks, owners, creditors, debtors, architects, engineers, criminal record checks, on-site visits, etc.).
- Assesses risk quality and compliance within company guidelines.
- 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 underwriting, analysis, and desktop systems.
- Prepares effective internal and external communications on underwriting issues.
- Develops and maintains effective business relationships with internal and external customers/coworkers in order to attract and retain profitable business.
- Visits producers and principals in order to retain existing accounts, build and maintain business relationships, and develop new opportunities in support of divisional objectives.
- Interprets, explains, and markets products and services.
- Visits producers/insureds in order to retain existing accounts, survey exposures, build and maintain business relationships, and develop new opportunities in support of divisional objectives.
- Applies underwriting rules and guidelines, rating manual rules, and insurance laws and regulations.
- May provide guidance and assistance to lower level associates.
- May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
- Performs other duties as assigned.
Job Requirements
- Education: Bachelor's Degree or equivalent experience.
- Field of Study: Finance, Accounting or a related discipline
- Experience: Generally looking for 7+ years of related experience. Progression 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).
Business Unit:
Bond
Salary Range:
$175,000.00 -$220,000.00
Benefits:
Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.
We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match. These benefits are available to eligible full-time and part-time employees.
Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.
