Surety Underwriter

$140,000 - $250,000/Yr

Diedre Moire - Sioux City, IA

Full-time - Mid Level

Sioux City, IA

Administrative and Support Services

About the position

The Commercial Surety Underwriter is responsible for producing and retaining a profitable book of business by underwriting new and renewal surety bonds. This role involves developing agency sales and business plans, managing the submission and underwriting process, and assessing risk to ensure accounts align with the company's underwriting appetite. The underwriter will leverage relationships with agents and brokers to drive new business opportunities and achieve budgeted financial results.

Responsibilities

• Produce and retain a profitable book of business consistent with overall Surety Bond Insurance strategies and objectives.
• Develop agency sales and business plans.
• Achieve budgeted financial results.
• Leverage agent and broker relationships to drive new business opportunities.
• Manage submission and underwriting process.
• Manage flow of new and renewal business.
• Assess risk to determine whether account is within underwriting appetite.
• Underwrite small to mid-size renewals and new business items.
• Review key metrics and financial information to make decisions regarding pricing, capacity, terms and conditions for complex accounts.
• Maintain accurate underwriting documentation and information.
• Meet quality assurance standards.

Requirements

• Bachelor's degree in a relevant field.
• 2-5 years of experience in insurance underwriting, specifically in surety bonds.

Nice-to-haves

• Experience with commercial performance bonds.
• Knowledge of construction surety and contract surety bonds.
• Familiarity with license and permit bonds.

Benefits

• Competitive compensation package topping six figures with annual bonus potential.
• Group-term life insurance package.
• Short-term and long-term disability insurance.
• Matching 401(k) pension plan contribution.