Sr. Underwriter, AVP- Surety

Compensation

: $114,495.00 - $206,040.00 /year *

Employment Type

: Full-Time

Industry

: Executive Management



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Description

Summary:

This role will support the surety needs of Fortune 1000, publicly traded and large privately held companies. Will deliver results by understanding the unique needs and challenges of our clients' business, taking a thoughtful solutions-oriented approach to the underwriting process, and working in partnership with our dedicated Surety Legal/Claims Group. Proven ability to independently handle a portfolio of diverse and complex surety accounts with minimal supervision.

Responsibilities:

* Independently develop relationships with assigned brokers in order to develop new business in line with Department strategy and goals, including identification and appointment of select new brokers where warranted.
* Establish and communicate premium objectives with target brokers.
* Participate in Regional annual premium target budgeting process and maintain responsibility for achieving individually assigned financial goals within the team.
* Establish marketing plans for accounts within assigned portfolios.
* Assist Regional Management in maintaining effective competitive landscape intelligence.
* Review, negotiate and accept or decline submitted business using assigned underwriting authority and working with Regional Surety Department Senior Management (Regional SVP/VP, Department Global EVP) and others where additional authority or approvals are needed.
* Adhere to Aspen Surety Aspen Underwriting Principles (AUP) and Policy Pricing Document (PPD) standards as respects underwriting, pricing, file maintenance and account monitoring.
* Independently negotiate complex General Agreement of Indemnity issues working closely with Aspen Surety Legal/Claims professionals
* Mentor less senior team members including trainees that may be assigned to the respective region
* Maintain account information in electronic file cabinet (EFC) by e-filing e-mail and other pertinent documents in real time.
* Maintain account information in the Aspen Bond System (ABS) including critical data points that support accurate reporting (account and agency demographics, account rating, limits, indemnity type, cost to complete, account financial statements, internal and S&P rating).
* Support market associations as warranted by attending important events (NASBP, SFAA, RIMS)

Education/Experience:

* 4-10 years Surety experience, required
* Bachelor's Degree, required; Advanced degree is desirable.
* AFSB designation is desirable.
* Experience with Surety underwriting practices and procedures.
* Associated classes or courses and/or industry license, or designation is desirable.


Associated topics: underwriter * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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