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
Medical, dental, vision & life insurance
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.