Surety Senior Account Underwriter

Ohio Farmers Insurance Company; Edina (MN); Hybrid; USD 105,000 - 127,000; Full time

Job summary

An established industry player is seeking a Surety Senior Account Underwriter to lead marketing and underwriting efforts within a defined territory. This role emphasizes building relationships with agents while ensuring compliance and profitability in surety business. The ideal candidate will have extensive experience in surety underwriting, strong analytical skills, and a commitment to customer service. With a hybrid work model, this position offers flexibility while engaging in meaningful work that impacts the company's growth and success. Join a dynamic team dedicated to excellence in the insurance sector.

Benefits

401(k) with employer contribution

Pension plan

Medical, dental & vision

Wellness & mental health programs

Health care flexible spending accounts

Paid time off

Paid & unpaid sick leave

Parental & family leave

Military leave

Qualifications

• 3+ years of surety experience required.
• Bachelor's degree or equivalent work experience needed.

Responsibilities

• Responsible for marketing, underwriting, and servicing surety business.
• Communicates effectively with agents and clients.

Skills

Surety Experience

Account Management

Data Analysis and Reporting

Risk Management

Customer Service Management

Education

Bachelor's Degree in Related Field

Tools

Insurance Policies

Agency Management

Property and Casualty Underwriting

Job description

Job Summary

The Surety Senior Account Underwriter is responsible for marketing, underwriting, processing and servicing surety business as assigned or within a defined territory. They develop and underwrite profitable surety business by visiting assigned agencies or services offices and serve as subject matter expert, working with other bond personnel on selected contract accounts, including various financial and workload analysis. The role serves as underwriting contact for agency personnel by responding to agent inquiries, assisting in the development and delivery of agency training, monitoring compliance objectives, and supporting decision making on acceptance or decline of bonds within established authority.

Salary Range: $105,708-126,850

Benefits, where eligible:

• 401(k) with employer contribution


• Pension plan


• Medical, dental & vision


• Wellness & mental health programs


• Health care flexible spending accounts, health savings accounts, & life insurance


• Paid time off, including volunteer time off


• Paid & unpaid sick leave where applicable, as well as short & long-term disability


• Parental & family leave; military leave

Job Responsibilities

• Handles the responsibility for marketing, underwriting, processing, and servicing surety business within a defined territory.


• Provides guidance on the underwriting process while collecting all necessary information for new and existing bond contracts, contacting the client or broker if necessary and drawing up a legal and financial analysis of the file to deciding on this proposition or submitting it to the competent decision level.


• Makes timely and competent decisions on acceptance or declination of bonds within established authority.


• Submits/makes recommendations for approval of assigned risks more than authority.


• Visits agencies or service offices to develop and underwrite profitable business or assist in resolving problems.


• Communicates effectively and builds relationships with agents, agency clients, other Service Office and Home Office personnel on all business-related situations.


• Provides technical assistance to leader on selected accounts, including financial analysis, conducting inquiries and verifications, transmittal of information, and requests for approval.


• Assists in training activities related to underwriting, marketing, and processing surety business for less experienced bond personnel.


• Meets or exceeds goals and standards by ensuring accuracy, completeness, and procedural consistency of assigned files and the operation of reporting, processing and filing systems for all bonds produced by assigned agents or service offices.


• Works closely with Surety Lead Account Managers and continue skill development, implements best practices, and makes decisions regarding underwriting, processing and service.


• Develops knowledge of local markets and creates and increases business contacts/ network in assigned market area.


• Travels as often as needed including regular utilization of assigned fleet vehicle in order to cover assigned territory.


• This may involve traveling on short notice or other daily driving duties as assigned.

Job Qualifications

• 3+ years of surety experience.


• Bachelor's degree in related field and/or commensurate work experience.


• Valid driver's license and a driving record that conforms to company standards.

Location

Hybrid defined as three (3) or more days per week in the office.

Behavioral Competencies

• State Surety License


• Collaborates


• Customer focus


• Communicates effectively


• Decision quality


• Nimble learning

Technical Skills

• Account Management


• Knowledge of State Specific Underwriting Statues


• Property and Casualty Underwriting


• Insurance Industry Knowledge


• Insurance Policies


• Agency Management


• Data Analysis and Reporting


• Risk Management


• Customer Service Management


• Surety Underwriting


• Business Planning

This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.

#LI-DNI

Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd's of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets.