Surety Senior Account Underwriter

Westfield Insurance; Edina (MN); Hybrid; USD 84,000 - 127,000; Full time

Job summary

An established industry player is seeking a Surety Senior Account Underwriter to join their dynamic team. This role involves marketing, underwriting, and servicing surety business while building strong relationships with agents and clients. The ideal candidate will have a solid background in surety underwriting and a Bachelor's degree in a related field. The company offers a hybrid work environment, allowing for flexibility while ensuring collaboration and support. With a commitment to employee well-being and professional growth, this position is perfect for someone looking to make a significant impact in the insurance sector.

Benefits

401(k) with employer contribution

Pension plan

Wellness & mental health programs

Health care flexible spending accounts

Paid & unpaid sick leave

Parental & family leave

Military leave

Qualifications

• 3+ years of surety experience required.
• Bachelor's degree in related field and/or commensurate work experience.

Responsibilities

• Responsible for marketing, underwriting, and servicing surety business.
• Communicates effectively with agents and clients on business-related situations.
• Visits agencies to develop and underwrite profitable business.

Skills

Account Management

Surety Underwriting

Data Analysis and Reporting

Customer Service Management

Knowledge of State Specific Underwriting Statutes

Property and Casualty Underwriting

Insurance Industry Knowledge

Insurance Policies

Business Planning

Education

Bachelor's degree in related field

3+ years of surety experience

Job description

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Join to apply for the Surety Senior Account Underwriter role at Westfield Insurance

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: $84,566-126,850

Benefits, where eligible:

• 401(k) with employer contribution
• Pension plan
• Wellness & mental health programs
• Health care flexible spending accounts, health savings accounts, & life insurance
• 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.
• State Surety License
• 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
• Customer Service Management
• Surety Underwriting
• Business Planning

Location

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

About Us

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. Learn more at www.westfieldinsurance.com.

Equal Opportunity Employer

All qualified applicants receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Insurance

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