The opportunityWe currently have an opportunity for an Underwriter to join our Contract Surety team based in our Dallas, TX office on a hybrid schedule Under technical supervision and within specific, limited authority reviews moderately complex risks to determine acceptance of an application. Determines selection or rejection of new and/or renewal business using underwriting rules and guidelines, manual rating rules and insurance laws and regulations. Analyzes quality and quantity of risks written and prepares reports accordingly. With guidance, monitors and evaluates results of assigned producers and assigned territory. Recommends and implements action plans for improvement of underwriting results for assigned producers and territory. This job determines selection or rejection of new and/or renewal business using underwriting rules and guidelines, manual rating rules and insurance laws and regulations. Some of the Underwriter responsibilities include but are not limited to:
- Manages profitable book of business by evaluating results and conducting portfolio reviews for assigned territory and individual producers. Begins to develop integrated pictures of factors that affect profitability, growth, retention and recommends, implements, and monitors necessary action plans.
- Examines, identifies, and evaluates exposures by analyzing documentation from various sources, such as the insurance application, internet searches, inspection reports, credit reports, etc. Makes underwriting decisions to accept, decline, or modify risks within assigned underwriting authority level in partnership with underwriting team when appropriate. Implements underwriting decisions in compliance with state laws and company guidelines.
- Develops superior working relationships with producers, and with internal and external partners, to successfully promote achievement of mutual operating goals (growth, retention and profitability) and to supply the appropriate products and services with
moderate assistance. - Processes underwriting decisions. Documents files and reports via automated desktop systems and tools.
- Gathers and analyzes competitor and producer information including producers' retention, profitability and potential, in support of pricing and appetite. Works with underwriting staff to determine and make recommendations for marketing, pricing, and products.
- Collaborates with team members to manage work inventories and all production activities in order to provide accurate and timely service in accordance with business unit standards.
- In conjunction with other team members, travels to key producers/accounts. May participate in industry events.
- Stays abreast of industry, territory and insurance trends.
The expertise you bring- Bachelor's degree required
- 1-3 years of underwriting experience, within specialty line of business, preferred
- Industry certification (AINS, CPCU) preferred
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; however, your recruiter will provide more specific compensation details during the hiring process. The typical base salary range for this position is: $80,000 - $93,000, based on the factors aforementioned. In addition to base salary, full time Intact employees are also eligible for bonus potential and a full range of benefits to include but not limited to:
- Comprehensive medical, dental and vision insurance with no waiting period
- Competitive paid time off programs
- 401(k) savings and annual contributions of up to 12% of annual salary
- Mental health support programs, life and disability insurance, paid parental leave and a variety of additional voluntary benefits
This position will remain posted until a final candidate is selected. Once the role is filled, this job posting will be removed.
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