Surety Underwriter

Jet Insurance Company; Dallas (TX); On-site; USD 45,000 - 55,000; Full time

Benefits offered by this job

Salary plus bonus

Training opportunities

Job summary

A financial services company is seeking an entry-level underwriter to provide client services and perform underwriting for bond applications. Responsibilities include processing applications, responding to customer inquiries, and maintaining accurate records. Candidates should possess strong communication skills, attention to detail, and a willingness to learn. The role offers training in both BondExchange and Jet Insurance Services divisions, with a path to future leadership opportunities. Proficiency in Microsoft and Google applications is required.

Qualifications

• A bachelor's degree is a plus but not required.
• Proficiency in Microsoft and Google applications is necessary.
• Strong verbal and written communication skills are needed.
• High level of accuracy and attention to detail is crucial.
• Openness to acquire new skills and adaptability to change is essential.

Responsibilities

• Receive and underwrite new business applications from clients.
• Review and analyze bond applications to determine eligibility.
• Respond to customer inquiries regarding underwriting decisions.
• Collaborate with other units to gather additional information.
• Capitalize on marketing opportunities through customer relationships.
• Receive and review new surety claims for bond details.
• Maintain accurate documentation of underwriting decisions.

Skills

Communication Skills

Attention to Detail

Adaptability

Computer Skills

Education

Bachelor's degree

Tools

Microsoft applications

Google applications

Job description

Overview

This position is an entry level role at Jet Financial Corporation. Your primary responsibility is to provide efficient client services and perform underwriting for all new inquiries and policy renewals. As an underwriter, you will assess and evaluate risks associated with bond applicants and determine price and terms for issuing bonds.

We pay salary plus bonus. Jet compensates those who create value. The more value added, the more compensation Jet will pay. Below are the following responsibilities of the position:

• Application Processing: Receive and underwrite new business applications from clients via phone, website submission, or mail. Ensure all necessary information is provided and accurately recorded in the system.
• Underwriting analysis and quoting: Review and analyze all incoming bond applications submitted to determine eligibility, based on current Underwriting guidelines. Evaluate the financial strength, creditworthiness, and overall risk profile of applicants.
• Customer Inquiries: Respond to inquiries from customers regarding the underwriting determinations, premiums, and other related business questions. Provide clear and accurate information to assist customers in making informed decisions.
• Communication: Collaborate with other business units, including other underwriters from different business units, to gather additional information, clarify application details, and discuss risk assessments. Communicate underwriting decisions and provide explanations to Business Unit Leaders when necessary.
• Market Research: Capitalize on additional marketing opportunities and industry insight through customer relationships and consistent review of competitor pricing.
• Claims Intake: Receive and review new surety claims, utilizing written claims SOPs. Gather essential information such as bond details, loss descriptions, and any supporting documents.
• Maintain accurate business records and documentation of underwriting decisions, including supporting analysis and rationale for out of the box approvals or rejections. Ensure that all necessary paperwork and files are properly organized and maintained.

The task descriptions provide a general overview of the key responsibilities involved in the role, however flexibility for additional tasks is necessary for success in the role.

Training will be done under both of Jet Financial Corps divisions (BondExchange and Jet Insurance Services) for several months to provide proper breadth of industry knowledge. From there entry level position employees are expected to move into an industry focused business unit or wholesale targeted region.

Job Qualifications

• Education: A bachelor\'s degree is a plus but not required.
• Computer Skills: Proficiency in Microsoft and Google applications. Need ability to quickly learn our proprietary software used in our underwriting process.
• Communication Skills: Underwriters need to effectively communicate their decisions and recommendations to clients via phone, email, and mail. Strong verbal and written communication skills are necessary to convey complex information clearly and professionally.
• Attention to detail: A high level of accuracy and attention to detail is crucial to identify potential risks and make rapid informed decisions.
• Adaptability and willingness to learn: The entry level underwriter position exists as stepping stone to future leadership, so an openness to acquire new skills and a willingness to adapt to changing circumstances and responsibilities is essential.