Principal Duties & Responsibilities• Profit and loss responsibility for a book of business within the territory.
• Develop and execute a marketing plan for new business by targeting key brokers, arranging meetings and attending industry functions. Some travel will be expected to visit agents, contractors, and surety related events in the assigned territory.
• Perform all required underwriting functions including financial analysis, account analysis, industry analysis, and administrative responsibilities.
• Adhere to underwriting guidelines and authority limits.
• Serve as a resource on underwriting and territory issues to other members of the Contract Surety team, located across the country.
• Lead special projects and other duties as needed.
Education & Experience• Typically requires a bachelor's degree in insurance, finance, risk management, business or a related field.
• 4+ years of Contract Surety underwriting experience.
Knowledge, Skills, & Competencies• Ability to use analytical methods in underwriting processes to find workable solutions.
• Ability to communicate findings and recommendations to management on underwriting matters.
• Excellent verbal and written communication skills.
• Ability to meet objectives while operating independently.
• Ability to apply a strategic perspective to improve underwriting functions.
Compensation OverviewThe base salary range for the position is listed below. Please note that the base salary is only one component of our robust total rewards package at RLI. The salary offered will take into account a number of factors including, but not limited to, geographic location, experience, scope & responsibilities of the role, qualifications/credentials, talent availability & specialization, as well as business needs. The below range may be modified in the future.Base Pay Range$88,029.00 - $125,882.00
Total RewardsAt RLI, we're all owners. We hire the best and the brightest employees and allow them to share in the company's success through our Total Rewards. With the Employee Stock Ownership plan at its core, the Total Rewards program includes all compensation, benefits and perks that come with being an RLI employee.Financial Incentives- Annual bonus plans
- Employee stock ownership plan (ESOP)
- 401(k) - automatic 3% company contribution
- Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)
Work & Life- Paid time off (PTO) and holidays
- Paid volunteer time off (VTO) to support our communities
- Parental and family care leave
- Flexible & hybrid work arrangements
- Fitness center discounts and free virtual fitness platform
- Employee assistance program
Health & Wellness- Comprehensive medical, dental and vision benefits
- Flexible spending and health savings accounts
- 2x base salary for group life and AD&D insurance
- Voluntary life, critical illness, & accident insurance for purchase
- Short-term and long-term disability benefits
Personal & Professional GrowthRLI encourages its employees to pursue professional development work in insurance and job-related areas. We make a commitment to employees to provide educational opportunities that help them enhance their skills and further their career advancement. RLI fosters a true learning culture and encourages professional growth through insurance courses, in-house training and other educational programs. RLI covers the cost for most programs and employees typically earn a bonus upon successful completion of approved courses and certifications. Our personal and professional growth benefits include:- Training & certification opportunities
- Tuition reimbursement
- Education bonuses
Diversity & InclusionOur goal is to attract, develop and retain the best employee talent from diverse backgrounds while promoting an environment where all viewpoints are valued and individuals feel respected, are treated fairly, and have an opportunity to excel in their chosen careers. We actively support, and participate in, initiatives led by the American Property Casualty Insurance Association that aim to increase diversity in the insurance industry. Cultivating an exceptional and diverse workforce to deliver excellent customer service reinforces our culture and is a key to achieving superior business results. 
