Senior Commercial Risk Manager

4 weeks ago


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

Job Summary:

The Senior Contract Surety Underwriter 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, within authority limit.

Main Responsibilities:

  • 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, public transportation, and/or airplane. Travel includes attending agency visits to maintain current business and/or obtain additional business, participating in industry-specific events, and meeting with prospective business partners.
  • 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.
  • Enter information and maintain the agency database utilizing Customer Relationship Management (CRM) software to assist in the marketing growth objectives of the respective branch and/or home office. Utilize data to grow business.

Requirements:

This position requires a Bachelor's Degree, or equivalent, and a minimum of three years bond underwriting experience, or an equivalent combination of education and experience. The ideal candidate possesses a Bachelor's Degree in Finance or Accounting. Other financial services experience may be considered.

This position requires one to have a driving record that is considered satisfactory as defined by company and/or corporate policy.

Working as a Senior Contract Surety Underwriter requires one to work independently and effectively within a fast-paced environment. Proficiency with Microsoft (MS) Windows and Office products is necessary. Other skills necessary include 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.

About Old Republic Surety Company:

Old Republic Surety Company underwrites contract, fidelity, and commercial bonds, serviced through a network of more than 4,500 independent insurance agencies. Solutions provided include bid bonds, performance and payment bonds, and maintenance bonds for large, middle market, and smaller growing contractors. ORSC consistently offers superior service and creative underwriting options in all 50 states.

Company Benefits:

  • 401k Savings & Profit-Sharing Plan, including company match contribution
  • Roth investment options
  • 529 Education Savings Plan
  • Employee Referral Bonus Program

Health:

  • Health Insurance
  • Flexible Spending & Health Savings Account options
  • Life Insurance
  • Vision Insurance
  • Supplement Life Insurance
  • Long-Term Disability Insurance
  • Paid Leave of Absence Benefits
  • Accident & Critical Illness Insurance
  • Pet Insurance

Work-Life Balance:

  • 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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