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Penn National Insurance is a property-casualty insurance company that underwrites personal insurance, business auto, and homeowners insurance and operates in 12 states. The company
Surety & Fidelity Underwriter
Location
United States
Posted
17 days ago
Salary
$65.0K - $89.4K / year
Seniority
Mid Level
No structured requirement data.
Job Description
Surety & Fidelity Underwriter
Penn National Insurance
Role Description Penn National Insurance is seeking a Surety & Fidelity Underwriter who will review Surety and Fidelity new business, renewals, and endorsements under limited authority granted by the Vice President - Surety & Fidelity, or in conjunction with authority granted to Senior Underwriters or Territory Managers by the Vice President - Surety & Fidelity. This position utilizes underwriting knowledge and good judgment to recommend company acceptability of accounts, and to evaluate company risk tolerance based on underwriting guidelines and historical company underwriting appetite. This position is remote and the ideal candidate will reside in Iowa, Wisconsin, or Minnesota. Position Competencies - Business Acumen - Results Oriented - Decision Making - Negotiation - Time & Priority Management Essential Duties and Responsibilities - Review new business, renewals, and endorsements to determine acceptability using established company guidelines. - Communicate with agents, and other department personnel regarding risk acceptability, incomplete information, rating and premium processing, etc., under the supervision of a Senior Underwriter, Territory Manager or VP, Surety & Fidelity. - Provide feedback to Commercial Underwriters, Territory Managers and VP, Surety & Fidelity on quality of submissions and interactions with agency personnel. - Visit agencies with Commercial Underwriters, Territory Managers and the VP, Surety & Fidelity to discuss underwriting matters, assist in the development of new business and to strengthen agency relations. - Assist Commercial Underwriters, Territory Managers and VP, Surety & Fidelity with bond requests, file maintenance, and premium processing tasks. - Assist Commercial Underwriters, Territory Managers and VP-Surety & Fidelity with Financial Management System upkeep and related portfolio management duties. - Maintain individual underwriting authority for smaller, less complex accounts. Additional Responsibilities - Keep abreast of current industry developments, losses and rate trends including the development of new products and opportunities. - May review agency performance based on production results, loss ratio results, and other measures and manage the results as part of the underwriting team. - May participate in agent educational meetings. - Applies data to solve common business problems. - Compiles, manipulates and analyses data of varying complexity. - Knowledgeable and proficient about what tools are available for data analysis and when they are appropriate to use. - Performs other duties as may be assigned by Senior Underwriters, Territory Managers and the Vice President, Surety & Fidelity. Special Relationships - Direct contact with various levels of underwriting and claims personnel - Direct contact with agents, Senior Underwriters, Territory Managers and clients - Direct contact with Operations and processing personnel Qualifications - Bachelors degree preferred - Minimum of 1 year experience in underwriting - Knowledge of underwriting and rating of risks - Knowledge of company underwriting standards and philosophy - Knowledge of all Surety & Fidelity coverages - Good math and accounting aptitude - Excellent research, analytical and problem-solving skills - Excellent oral and written communication skills - Good PC skills, with an emphasis on Microsoft Office Suite - Highly organized with an attention to detail Requirements - This position is primarily a sedentary position that requires occasional standing and walking throughout the office environment. - Must be able to perform computer-based tasks and access digital information necessary for job duties, including through the use of assistive technologies. - Must be able to complete computer-based tasks and utilize office equipment as needed to perform essential job functions. - Must be able to access and enter information accurately using automated systems. - Must be able to communicate effectively with internal and external clients using telephone, electronic, or other communication systems. - Must be able to present information to individuals and groups. - Must be able to interpret and apply concepts that may or may not be based upon established guidelines. - Must be able to maintain acceptable attendance and adhere to scheduled work hours. - Must have a valid driver’s license and be able to operate a motor vehicle. - Must be able to travel, with overnight stays required. Benefits - Generous 401(k) match, graded profit sharing, incentive compensation, and a wide range of benefits to support your financial health, physical well-being and career development. - Remote and hybrid work options, flexible scheduling and a “dress-for-your-day” culture. - Employee recognition programs designed to honor your contributions.
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