[Hiring] Commercial Surety Underwriter @GAIC Great American Insurance Company
This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more.
Role Description
This position can be located in Tennessee, Georgia, Florida, North Carolina, South Carolina, Virginia, Delaware, Pennsylvania, or Maryland.
• 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.
• Determines coverage and sets terms, conditions, and pricing by evaluating the applicant’s financial capacity, past performance, and risk factors.
• Collaborates with 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 effectiveness and outcomes.
• Performs other duties as assigned.
Qualifications
• Bachelor’s Degree in Finance, Economics, Business, or a related field or equivalent experience.
• Generally, a minimum of 3 years of underwriting, finance, banking, or related experience.
• Continuing progress toward and/or the completion of a professional designation preferred, such as Associate in Fidelity and Surety Bonding (AFSB), Chartered Property Casualty Underwriter (CPCU), Certified Public Accountant (CPA), and/or Registered Professional Liability Underwriter (RPLU).
Requirements
• Performs work under some supervision and technical direction.
• Works with significant latitude and authority on complex assignments.
• Demonstrates analytical, risk assessment, and problem-solving skills.
• Strong understanding of financial statement analysis and risk management.
• Excellent communication and interpersonal skills.
• Emergent negotiation and decision-making ability.
• Position requires limited travel up to 10%.
Benefits
• Compensation varies by role, position level, and location.
• Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.
• We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one.
• PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match.
• These benefits are available to eligible full-time and part-time employees.
Apply Now
Apply Now
Role Description
This position can be located in Tennessee, Georgia, Florida, North Carolina, South Carolina, Virginia, Delaware, Pennsylvania, or Maryland.
• 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.
• Determines coverage and sets terms, conditions, and pricing by evaluating the applicant’s financial capacity, past performance, and risk factors.
• Collaborates with 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 effectiveness and outcomes.
• Performs other duties as assigned.
Qualifications
• Bachelor’s Degree in Finance, Economics, Business, or a related field or equivalent experience.
• Generally, a minimum of 3 years of underwriting, finance, banking, or related experience.
• Continuing progress toward and/or the completion of a professional designation preferred, such as Associate in Fidelity and Surety Bonding (AFSB), Chartered Property Casualty Underwriter (CPCU), Certified Public Accountant (CPA), and/or Registered Professional Liability Underwriter (RPLU).
Requirements
• Performs work under some supervision and technical direction.
• Works with significant latitude and authority on complex assignments.
• Demonstrates analytical, risk assessment, and problem-solving skills.
• Strong understanding of financial statement analysis and risk management.
• Excellent communication and interpersonal skills.
• Emergent negotiation and decision-making ability.
• Position requires limited travel up to 10%.
Benefits
• Compensation varies by role, position level, and location.
• Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.
• We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one.
• PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match.
• These benefits are available to eligible full-time and part-time employees.
Apply Now
Apply Now