Senior Commercial Underwriter

6 days ago


Birmingham, Birmingham, United Kingdom Old Republic Surety Company Full time

Company Overview:

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Old Republic Surety Company (ORSC) is a leading provider of surety and fidelity insurance solutions, offering a wide range of bonds for contractors, businesses, and individuals. With a network of over 4,500 independent insurance agencies across the United States, ORSC has established itself as a trusted partner in the industry.

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Job Summary:

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We are seeking a highly skilled Senior Contract Surety Underwriter to join our team at our Birmingham, AL location. As a key member of our underwriting team, you will be responsible for producing an underwriting profit and protecting against losses by proper risk selection and underwriting of all types of contract surety bonds. If you have a strong background in bond underwriting and excellent communication skills, we encourage you to apply for this exciting opportunity.

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Responsibilities:

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  • Contribute to company profitability and minimize losses by proper acceptance or rejection of all types of bonds, primarily contract bonds, and by effectively underwriting a large volume of submissions and the larger submissions presented to the office.">
  • Act as liaison between agent, contractor, and branch to maintain good public relations and facilitate resolution of underwriting or procedural questions/problems.">
  • Participate in regular travel of the assigned territory by use of motor vehicle (personal, rental, and/or company provided), public transportation, and/or airplane.">
  • Assist in the coaching and mentoring of Assistant Underwriters to maintain good working relationships with agency plant and assure efficient processing of bonds.">
  • Conduct field calls on contractors to audit records and files and gather information which can help to assure proper underwriting determinations.">
  • Implement underwriting changes when directed by management or Home Office Underwriters to assure profitability of various classes of business.">
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Requirements:

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To be successful in this role, you will need:

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A Bachelor's Degree, or equivalent, and a minimum of three years' experience in bond underwriting, or an equivalent combination of education and experience.

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The ideal candidate possesses a Bachelor's Degree in Finance or Accounting, although other financial services experience may be considered.

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A satisfactory driving record, as defined by company and/or corporate policy, is also required.

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Excellent oral and written communication skills, strong organizational and accurate proofreading skills, the ability to maintain accurate records, the ability to exercise discretion with confidential information, strong attention to detail, and the ability to use a variety of office equipment are necessary for this position.

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Estimated Salary: $85,000 - $110,000 per year

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Benefits:

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  • 401k Savings & Profit-Sharing Plan, including company match contribution.">
  • Roth investment options.">
  • 529 Education Savings Plan.">
  • Employee Referral Bonus Program.">
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Work-Life Balance:

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  • Hybrid work opportunities available upon completion of training.">
  • Casual business attire.">
  • Generous paid time-off (PTO).">
  • Paid holidays.">
  • Volunteer opportunities.">
  • Company-sponsored events and outings.">


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