Senior Commercial Surety Underwriter - Bonds Division at American Family Insurance Group

California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Strong understanding of surety and fidelity bond underwriting principles
Ability to analyze financial statements, credit reports, and business operations
Knowledge of state and federal insurance regulations
Excellent communication and interpersonal skills
Ability to work independently and as part of a team

Responsibilities

Leads the evaluation and underwriting of new and renewal business, ensuring alignment with Company underwriting guidelines and risk appetite
Reviews and evaluates complex financial statements, credit reports, and business operations of applicants
Conducts and manages the account review process
Determines coverage and sets terms, conditions, and pricing by evaluating the applicant’s financial capacity, past performance, and risk factors
Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance
Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations
Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation
Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers
Stays updated on industry trends, regulatory changes, and market conditions
Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business
Interprets, explains, and promotes products and services to drive market growth
Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall efficiency

Skills

Key technologies and capabilities for this role

Surety UnderwritingFidelity Bond UnderwritingFinancial Statement AnalysisCredit Report AnalysisBusiness Operations AnalysisInsurance RegulationsRisk AssessmentUnderwriting GuidelinesAccount ReviewPolicy RenewalRegulatory Compliance

Questions & Answers

Common questions about this position

Is this position remote, and where is it located?

This is a fully remote position available in the Southern California, Arizona, and Colorado areas.

What is the salary for this Senior Commercial Surety Underwriter role?

This information is not specified in the job description.

What skills are required for this underwriting position?

Required skills include a strong understanding of surety and fidelity bond underwriting principles, ability to analyze financial statements, credit reports, and business operations, knowledge of state and federal insurance regulations, and excellent communication and interpersonal skills.

What is the company culture like at Great American Insurance Group’s Bond Division?

This information is not specified in the job description.

How do I apply for this Senior Commercial Surety Underwriter position?

Visit https://www.greatamericaninsurancegroup.com/about-us/business-operations/division/bond to find more information and apply.