United Fire Group

Sr Surety Underwriter

United Fire Group$103K — $136K *
Boise, ID 83709In-Person
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required, preferably in business administration, economics, finance, or accounting.
  • 5+ years of contract surety underwriting experience.
  • Working towards or certified AFSB designation.
  • Valid driver's license with acceptable driving record required.
  • Commitment to continued education in the field.

Responsibilities

  • Demonstrate successful growth of surety business within designated territory.
  • Independently underwrite complex submissions and evaluate associated risks.
  • Develop and maintain strong relationships with agents and brokers.
  • Manage a book of business and meet marketing and profitability goals.
  • Conduct annual reviews of accounts and prepare recommendations for line of authority.
  • Provide high-quality customer service to internal and external clients.
  • Stay updated on industry trends and share information with the team.

Benefits

  • Annual incentive compensation for performance.
  • Comprehensive health benefits including medical, dental, and vision insurance.
  • Retirement plans with employer contributions for long-term security.
  • Generous time-off program to support work-life balance.
  • Programs focused on employee well-being and financial security.
Full Job Description
UFG is hiring for a Sr. Surety Underwriter who is actively working towards building and maintaining a profitable mix of new and existing surety business by developing and maintaining strong working relationships with the agency force. Demonstrate strong analytical skills to evaluate risks for acceptability within their higher authority and company underwriting parameters. Independently Underwrite more complex submissions. Make regular agency visits and calls to assess growth and profitability of agents in their territory. Prospect and appoint new quality agents in the territory. Visit current and potential contractor's place of business to better assess acceptability and quality of the accounts.

The ideal candidate will be located in one of the following locations: Washington, Oregon or Idaho.

Essential Duties & Responsibilities:
  • Demonstrate successful growth of business independently and responsibly utilize the higher authority granted.
  • Underwrite more complex submissions independently.
  • Independently underwrite new submissions and existing accounts with the assistance from mentors. Evaluate and assess financial status, credit standing, and organization profile to analyze and determine acceptability of the risk within framework of UFG underwriting policies and procedures.
  • Develop and maintain strong relationships with agents/brokers.
  • Oversee a book of contract surety business within defined territory. Meet production, marketing, and profitability goals and develop marketing plan using the territory management tool.
  • Upload and update file information electronically and purge obsolete data per department guidelines.
  • Handles all confidential information with discretion.
  • Provide high quality customer service in all interactions with internal and external customers.
  • Request underwriting information from agencies. Review and process information received.
  • Perform annual review of accounts including financial analysis, obtaining current bank line of credit letters, preparing profiles, and recommendation of line of authority.
  • Instruct, assign, and review work completed by support staff.
  • Create record of communications concerning activities per department standards.
  • Provide training, direction, and assistance to underwriters, associate underwriters, and underwriter trainees.
  • Stay current on industry information regarding trends, competition, pertinent laws and legal occurrences, etc., and share the information with the department.

Job Specifications:

Education:
  • Bachelor's degree, or combination of education and surety experience.
  • Bachelor's degree in business administration, economics, finance or accounting preferred.

Certifications/Designations:
  • Certified, or working towards, AFSB designation.
  • Must have a valid and current drivers' license and must have acceptable driving record in accordance with Company practice.
  • Employees are expected to participate in continuing education throughout their careers.

Experience:
  • 5+ years of contract surety underwriting experience.

Working Conditions:
  • General office environment.
  • Up to 25% of travel is required, by accompanying surety representatives to visit agency force and contract accounts. Overnight trips included.
  • May be exposed to weather conditions, and/or results and debris of adverse weather conditions, during agency/contract visits.

Pay Transparency Statement:

UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $103,222, - $136,105 annually, which represents the typical range for new hires in this role. Individual pay within this range will be determined based on a variety of factors, including relevant experience, education, certifications, skills, internal equity, geography and market data.

In addition to base salary, UFG Insurance offers a comprehensive total rewards package that includes:
  • Annual incentive compensation
  • Medical, dental, vision & life insurance
  • Accident, critical Illness & short-term disability insurance
  • Retirement plans with employer contributions
  • Generous time-off program
  • Programs designed to support the employee well-being and financial security.

This pay range disclosure is provided in accordance with applicable state and local pay transparency laws.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

About United Fire Group

United Fire Group, Inc., together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The company offers commercial and personal insurance products, including auto, property, and casualty insurance, as well as other specialty insurance products. It also provides reinsurance for other insurers' property and casualty products. The company markets its products through a network of independent agencies.
Learn more about United Fire Group
Size
1,086 employees
Market Cap
$706.2 million
Industry
Net Income
-$112.7 million
Founded
1946
5 Year Trend
+1.4%
Revenue
$1 billion
NASDAQ

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