Underwriter

amynta; United States; On-site; USD 70,000 - 100,000; Full time

Job summary

A regional office underwriting and production role for the Southeast region at Amynta. The job delivers underwriting expertise and client service for Fortune 1000 and large private companies, working with the Surety Legal/Claims Group. The successful candidate will oversee a portfolio with guidance from senior teammates.

Key duties include broker development, premium objectves, and maintaining data in ABS/EFC systems, while supporting regional initiatives and travel requirements.

Qualifications

• Develop broker relationships to grow new business in line with department goals.
• Review and negotiate submitted business within underwriting authority.
• Maintain account information in electronic files and reporting systems.
• Mentor junior team members and travel as required.

Responsibilities

• Develop broker relationships to grow new business aligned with department strategy.
• Back up portfolio accounts and regional broker plant as needed.
• Establish marketing plans and competitive landscape intelligence.
• Review and accept or decline submissions with underwriting authority.

Skills

Broker relationships

Underwriting

Portfolio management

Financial analysis

Tools

CapIQ & S&P Watchlist

Job description

POSITION SUMMARY

Regional office underwriting and production position for Southeast region. Providing an unparalleled level of commitment, service and underwriting expertise. Supporting the surety needs of Fortune 1000, publicly traded and large privately held companies. Delivering results by understanding the unique needs and challenges of our clients' business, taking a thoughtful solutions-oriented approach to the underwriting process, and working in partnership with our dedicated Surety Legal/Claims Group. Proven ability to independently handle a portfolio of accounts with modest supervision from senior team members.

Will have a developing knowledge in target industries and businesses that include but are not limited to: Energy/Oil and Gas, Mining and Minerals, Healthcare, Public Utilities, Industrials, Technology, Manufacturing, Transportation, Waste Services, Insurance and Financial Services. Will have a developing ability to critically analyze and articulate both verbally and in written form complex ownership/capital structures and/or complex transactional opportunities.

ESSENTIAL JOB DUTIES AND RESPONSIBILITIES*

• In conjunction with and with the assistance from senior team members develop relationships with assigned brokers in order to develop new business in line with Department strategy and goals, including identification and appointment of select new brokers where warranted.
• Serve as back-up to other team members and Regional Management on portfolio accounts and regional broker plant.
• Participate in establishing and communicating premium objectives with target brokers with the goal of completing this responsibility independently.
• Participate in Regional annual premium target budgeting process and maintain responsibility for any individually assigned financial goals within the assigned team.
• Work with senior team members and Regional Management to establish marketing plans for accounts within assigned portfolios.
• Assist Regional Management in maintaining effective competitive landscape intelligence.
• Review, negotiate and accept or decline submitted business using assigned underwriting authority in consultation with Regional Management and work with Surety Department Senior Management (Regional SVP/VP, Department Global EVP) and others where additional authority or approvals are needed.
• Adhere to Amynta Underwriting Principles (AUP) and Policy Pricing Document (PPD) standards as respects underwriting, pricing, file maintenance and account monitoring.
• Negotiate complex General Agreement of Indemnity issues with direction from Underwriting team and Amynta Legal/Claims professionals
• Mentor less senior team members
• Maintain account information in electronic file cabinet (EFC) by e-filing e-mail and other pertinent documents in real time.
• Maintain account information in the Amynta Bond System (ABS) including critical data points that support accurate reporting (account and agency demographics, account rating, limits, indemnity type, cost to complete, account financial statements, internal and S&P rating).
• Support market associations as warranted by attending important events (NASBP, SFAA, RIMS).
• Contribute to and work with various Amynta initiatives and Department staff.
• Support Surety team Associate Underwriting staff by maintaining accurate up to date information including rate and commission data points in support of booking process.
• Responsible for premium collection (agings) for assigned agencies and accounts. Work with Associate Underwriters on premium collection issues.
• Review monthly Department control reports for accuracy of data including bond booking linecards, account listing, expired authority listing, watchlist and collateral index. Accuracy of information and real time EFC management are critical responsibilities.
• Continuously monitor portfolio of accounts using proactive diary to ensure information is up to date and respond where necessary to deteriorating account condition or failure to meet terms and conditions requirements.
• Establish and maintain Cap IQ/S&P Watchlist and Alerts.
• Alert Regional Manager immediately where there is a material deterioration in account status or condition including claim notices.
• Operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives including extensive travel.
• Manage Travel & Entertainment budgets within annually determined prescribed amounts.

OTHER FUNCTIONS

• Have a developing understanding of Amynta's other product line offerings and identify potential opportunities for additional Amynta business lines with accounts in the assigned portfolio.
• Participate and undertake applicable professional, technical and career development training (delivered internally and externally) to include attainment of associated qualifications where required.
• Comply with external and internal regulatory