Executive Surety Underwriter Production

UFG; Charlotte (NC); Remote; USD 125,000 - 165,000; Full time

Benefits offered by this job

Annual incentive compensation

Retirement plans with employer contrib

Generous time-off

Job summary

UFG is seeking an Executive Surety Underwriter to join our team. The role focuses on building and maintaining a profitable mix of new and existing surety business by forging strong agency relationships and evaluating risks within underwriting parameters.

Remote opportunity with preference for candidates residing in North Carolina or South Carolina. Significant travel to visit agencies and contractors is required to support growth and profitability.

Qualifications

• Bachelor's degree or equivalent in business or surety field.
• 7+ years of professional experience or completed surety training.
• Valid driver's license with acceptable driving record.
• Certified in, or working towards, AFSB designation.
• Willing to travel up to 20%.

Responsibilities

• Underwrite complex submissions independently within the approved authority.
• Develop and maintain strong relationships with agents/brokers.
• Coach, mentor, and train team members to grow capabilities.
• Review accounts and bid requests exceeding individual authority levels.
• Stay current on industry trends and regulatory changes.

Skills

Analytical skills

Underwriting

Relationship building

Education

Bachelor’s degree or combination of education and surety experience

Bachelor’s degree in business administration, economics, finance or accounting preferred

Job description

UFG is looking for an Executive Surety Underwriter to join the team. This role 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 complex submissions. Review of accounts and bid requests that exceed individual underwriter’s authority levels. Make regular agency visits and calls to assess growth and profitability of agents in their territory. Prospect and appoint new quality agents. Visit current and potential contractor’s place of business to better assess acceptability and quality of the accounts. May help underwriters produce a profitable mix of new and existing business. Assist upper management in the development of underwriters.

While this is a remote opportunity, the ideal candidate will reside in North Carolina or South Carolina.

Responsibilities:

• Instruct, assign, and review work and projects completed by SSA’s, UWA’s and others. Interaction and assisting in the development of the other underwriters and their books of business.
• Coaching, mentoring, and training of all team members.
• Demonstrate successful growth of business independently and responsibly utilize the higher authority granted.
• Underwrite complex submissions independently.
• Independently underwrite new submissions and existing accounts with 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. Meet production, marketing, and profitability goals and develop marketing plan using the territory management tool.
• Review of accounts and bid requests that exceed individual underwriter’s authority levels.
• Upload and update file information electronically and purge obsolete data per department guidelines.
• Manages 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.
• Create record of communications concerning activities per department standards.
• Stay current on industry information regarding trends, competition, pertinent laws and legal occurrences, etc., and share the information with the department.
• Other duties as assigned.

Qualifications:

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 in, 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:

• 7+ years of professional work experience or completion of a surety training program.

Working Conditions:

• General office environment or remote home office conditions.
• Up to 20% of travel is required. Visit agency force and contract accounts. Assist other underwriters on their visits. Frequent overnight trips included.
• May be exposed to weather conditions, and/or results and debris of adverse weather conditions, during agency/contract visits.

Pay Transparency

UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $125,000 - $165,000 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
• 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.