Executive Surety Underwriter

Executive Surety Underwriter UFG Insurance - 3.3 Cedar Rapids, IA Job Details $130,000 - $140,000 a year 1 day ago Benefits Disability insurance Health insurance Dental insurance Vision insurance Life insurance Retirement plan Qualifications Driver's License Delegation Full Job Description UFG is currently hiring for an Executive Surety Underwriter who will be responsible for driving profitable growth in new and existing surety business through strong agency and contractor relationships. This role independently underwrites complex risks within delegated authority, reviews submissions exceeding underwriter authority levels, and provides strategic oversight to ensure a balanced, profitable portfolio. The position actively engages in agency development, market expansion, and contractor evaluation while supporting and mentoring underwriters and partnering with leadership to advance underwriting excellence. •The ideal candidate for this role will be located in one of the following states: Iowa, Illinois, Minnesota. •

Essential Duties and Responsibilities:

Instruct, assign, and review work and projects completed by underwriters. Daily interaction and development of the 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 within defined territory. 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. Handles 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. Instruct, assign, and review work completed by support staff. Upload and update file information electronically and purge obsolete data per department guidelines. Create record of communications concerning activities per department standards. Audit underwriter files. Stay current on industry information regarding trends, competition, pertinent laws and legal occurrences, etc., and share the information with the department.

Job Specifications:

Education:

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. Up to 35% of travel. 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 Statement:

UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $130,000 - $140,000, 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.